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BWTG vs QIDX

Brendan Wood TopGun ETF

BWTGDCboe

Indexperts Quality Earnings Focused ETF

QIDXBNYSE Arca

Overlap

3.8%by weight

Expense ratio

QIDX −0.48pt a year

BWTG0.98%QIDX0.50%

Avg volume · 30D

QIDX 5.8×the volume

BWTG674QIDX3.94K

BWTG vs QIDX Performance

Oct 31, 2025 – Oct 30, 2026

+7.8%BWTG+8.2%QIDX

Oct 31, 2025 to Oct 30, 2026. BWTG +7.8%. QIDX +8.2%. Use the arrow keys to read each point.−5%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BWTG 0.98%
QIDX 0.50%, better
Fund size
BWTG $21M
QIDX $39M
1Y total return
BWTG +7.8%
QIDX +8.2%, better
Yield (12M)
BWTG 0.33%
QIDX 0.92%, better
Holdings
BWTG 21
QIDX 130
Avg volume (30D)
BWTG 674 sh
QIDX 3.94K sh, better
NAV per share
BWTG $41.85
QIDX $11.50
52W range

ETF.net Grade

BWTG: Cost 13, Risk 63, Mission not scored, Tradability 46, Holdings 36, Durability 42. QIDX: Cost 75, Risk 76, Mission not scored, Tradability 23, Holdings 93, Durability 45.
Pillar letters and Scores for BWTG, QIDX, with each pillar’s weight
PillarBWTGQIDX
Cost30% weightF13A75Higher
Mission25% weightNot scoredNot scored
Risk15% weightB63A76Higher
Tradability15% weightC46HigherF23
Holdings10% weightD36A93Higher
Durability5% weightC42C45Higher

Rank among US Active Quality funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BWTG and QIDX are both graded against the same 16 US Active Quality funds, so their Grades compare head to head.

US Active Quality⁠

Category · 16 funds
See all 16 ›

QIDX ranks 4th and BWTG 11th of 16 funds in the US Active Quality Category.

  1. Rank 1ANPFENpf Core Equity EtfScore 79
  2. Rank 2AQLTYGMO US Quality ETFScore 75
  3. Rank 3BAQECAQE Core ETFScore 66
  4. Rank 4BQIDXIndexperts Quality Earnings Focused ETFScore 64
  5. Rank 5BQFFQualivian Focus Fund ETFScore 58
  6. Rank 10DFMCEFM Compounders Equity ETFScore 39
  7. Rank 11DBWTGBrendan Wood TopGun ETFScore 34
  8. Rank 12DJHACJohn Hancock Fundamental All Cap Core ETFScore 33

Our read on each fund

ETF.net Research

BWTGDBrendan Wood TopGun ETF

QIDXBIndexperts Quality Earnings Focused ETF

In short

BWTG Roughly two dozen US stocks, screened by the TopGun model out of a 1,400-name 'Shareholder Conviction Universe.' A boutique research shop's high-conviction list wrapped in an ETF, priced at 0.98%.

QIDX An active quality fund stitched from Indexperts' own house indexes: steady-earnings names across large, mid and small caps, with a manager free to override the rules. It charges less than the typical fund in its peer group.

Stated mandate

BWTG The Fund seeks growth consistent with preserving capital by investing mainly in publicly listed equities selected through the sub-adviser’s TopGun model. The model emphasizes companies receiving the highest investment-quality ratings.

QIDX The Fund seeks total return.

Why people hold it

  • BWTG Real concentration. Roughly two dozen names means the model's picks actually drive the fund, rather than getting diluted inside a long tail of filler positions.
  • The process is stated up front: start from a large conviction universe of liquid US companies, then keep the ones earning the highest investment-quality ratings. Quality and momentum, advertised.aaii.com
  • Plain wrapper. A standard 1940 Act ETF holding US-listed shares, so the risk you take on is stock selection, not structural machinery.
  • QIDX Charges 0.50% a year, below the median for its quality-focused peer group and about half what the priciest name in that group (EQTY, 0.99%) asks.
  • Rules first, judgment second: the portfolio is drawn from Indexperts' own growth and consistent-value indexes, with the advisor free to trim or exclude.sec.gov
  • Reaches across large, mid and small caps instead of hugging a handful of mega caps, and the portfolio build ranks among the stronger ones in its peer group.sec.gov
  • A plain 1940 Act equity fund seeking total return, with cash paid out quarterly. No leverage, no options overlay, no derivatives wrapper to decode.

Worth knowing

  • BWTG The 0.98% fee sits well above the 0.57% median for quality-focused active peers, and PSET runs a quality screen for 0.15%, ABFL for 0.49%.
  • Small asset base and thin trading. Spreads tend to be wider than on a mega-cap index fund, and sizeable orders can push the price around.
  • The TopGun model's internals stay proprietary, and the fund launched in 2023, so public evidence of how it behaves across a full market cycle is limited.aaii.com
  • QIDX Listed at the end of 2024, so the track record is short and any read on its risk profile rests on limited history.
  • Small and thinly traded: spreads can run wider than on giant index funds, and size of order matters more.
  • You are paying 0.50% for a manager's judgment when index-built quality rivals like PSET run 0.15%.

Full BWTG profile⁠

Full QIDX profile⁠

BWTG vs QIDX Holdings

How BWTG and QIDX differ

Overlap by weight

3.8%

Shared holdings make up 14.8% of BWTG and 3.8% of QIDX.

Level by level

  • Holdings3 in both3.8%
  • Countryby domicile80.9%
  • Asset classEquity100%

Sector

No Sector split for QIDX.

Country, concentration and asset class

Country by domicile

Country weights in BWTG and QIDX, widest gap first
CountryMore in BWTGMore in QIDX
United StatesQIDX +18.0 points
CanadaBWTG +14.8 points
SwitzerlandBWTG +4.3 points
SingaporeQIDX +0.6 points
SwedenQIDX +0.5 points
ChinaSame weight

Concentration

Weight in the 10 largest Holdings

  • BWTG55.9%
  • QIDX25.3%

Securities held

  • BWTG20
  • QIDX129

Asset class

BWTG
Equity
QIDX
Equity

Holdings

  • Only in BWTG17
  • In both3
  • Only in QIDX126

Only in BWTG

17 securities, 84.2% of BWTG by weight

  • Ishares Core S&P 500 Etf7.23%
  • Targa Resources Corp.6.16%
  • Welltower Inc5.88%

Only in QIDX

126 securities, 93.7% of QIDX by weight

  • Arista Networks, Inc.3.68%
  • Thermo Fisher Scientific Inc.3.45%
  • Alphabet Inc. Class A2.61%

Weight gaps

All 3 Holdings in both funds, largest gap first.

Holding weights in BWTG and QIDX, widest gap first
HoldingMore in BWTGMore in QIDX
Microsoft CorpMSFTBWTG +3.96 points
Eli Lilly & CoLLYBWTG +3.60 points
Williams Companies Inc.WMBBWTG +3.39 points

All 21 BWTG holdings⁠All 130 QIDX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BWTG vs QIDX Cost

Overpaying BWTG vs QIDX

$8,383

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BWTG 0.98%

    $18,362

  • QIDX 0.50%

    $9,979

$10,000
30 years

Cost over time

  • BWTG 0.98%
  • QIDX 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BWTG $18,362QIDX $9,979

Year by year

YearBWTGQIDXOverpaying
10$1,729$900$829
20$6,504$3,460$3,044
30$18,362$9,979$8,383

Expense ratio

  • 0.98%BWTG
  • 0.50%QIDX, cheaper
  • Middle half of US Active Quality funds
  • Median 0.65%

QIDX 4th cheapest of 16 funds

BWTG 14th cheapest of 16 funds

BWTG vs QIDX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BWTG 0.33%
QIDX 0.92%, better
Payout (12M)
BWTG $0.14
QIDX $0.11
Last payment
BWTG $0.14
QIDX $0.03
Ex-dividend
BWTG Dec 24, 2025
QIDX Sep 29, 2026
Paid on
BWTG Dec 26, 2025
QIDX Sep 30, 2026
Frequency
BWTG Annual
QIDX Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

BWTGAnnual · 3 paymentsAll BWTG payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.05; Dec 24, 2024 $0.08; Dec 24, 2025 $0.14. Use the arrow keys to read each point.$0$0.1020232026YTD
QIDXQuarterly · 7 paymentsAll QIDX payments⁠
One bar per payment. 7 payments from 2023 to 2026 YTD. Mar 28, 2025 $0.02; Jun 27, 2025 $0.02; Sep 29, 2025 $0.02; Dec 30, 2025 $0.03; Mar 30, 2026 $0.03; Jun 29, 2026 $0.03; Sep 29, 2026 $0.03. Use the arrow keys to read each point.$0$0.1020232026YTD

BWTG vs QIDX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BWTG 11.8%since Dec 2023QIDX 9.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
BWTG 1.00since Dec 2023QIDX 0.25since Feb 2025
Worst fallMax drawdown, 5 years
BWTG −13.2%since Nov 2023QIDX −15.0%since Jan 2025
Market sensitivityBeta, 5 years
BWTG 0.87QIDX 0.57

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