IMCG vs QMID

IMCGAiShares Morningstar Mid-Cap Growth ETF

QMIDCWisdomTree U.S. MidCap Quality Growth Fund

In short

IMCG Growth investing usually means megacaps. IMCG works the middle of the market instead: roughly 300 mid-cap growth names, indexed since 2004, for six basis points a year.

QMID Plenty of mid-cap growth funds buy growth and hope profits follow. QMID ranks mid-caps on both, blending earnings and sales growth with return on equity and assets, then keeps only the top-scoring 30% and bars real estate, utilities and banks outright.

Stated mandate

IMCG The Fund seeks to track an index of U.S. mid-capitalization equities with growth characteristics. Its strategy uses representative sampling and generally invests at least 80% of assets in securities from the Underlying Index.

QMID QMID seeks to track, before fees and expenses, the price and yield performance of the WisdomTree U.S. MidCap Quality Growth Index. It uses passive indexing and generally representative sampling to pursue that objective.

Why people hold it

• IMCG 0.06% a year, one third of the 0.18% median for its growth-fund peer group. Mid-cap indexing at large-cap-index prices.
• The growth leaderboard is stacked with large-cap funds (VUG, SCHG, SPYG, VONG). IMCG covers the middle instead, holding about 300 mid-cap growth names.
• Sticks close to the Morningstar mid-cap growth index it follows, one of the tighter tracking jobs in its peer group.
• Running since 2004 under the iShares roof, with a multi-billion-dollar asset base behind it.

• QMID Two screens, not one: the index scores companies on growth (analyst forecasts plus trailing 3-year earnings and sales growth) and quality (trailing 3-year ROE and ROA), then takes the top 30%.wisdomtree.com
• Real estate, utilities and banks are ineligible by rule, a deliberate swerve around the mid-cap corners WisdomTree flags for slower growth and lumpier earnings.wisdomtree.comwisdomtree.com 2
• High-conviction by construction: roughly 130 stocks, market-cap weighted, rescreened each May and November. Narrower than the sprawling mid-cap growth benchmarks.wisdomtree.com
• Straightforward plumbing: a passive 1940 Act fund that samples its own published index, with the rulebook public rather than left to manager judgment.

Worth knowing

• IMCG Moderately traded rather than heavily traded, so bid-ask spreads can run wider than the megacap growth ETFs sitting beside it in the category.
• This is a size-and-style bet. Mid-cap growth companies tend to move more sharply than the broad market, in both directions.
• Distributions land quarterly, but a growth screen is not built around income.

• QMID You pay for the screen. The 0.38% expense ratio sits above the growth-cohort median of 0.18%, and index rivals like IMCG charge 0.06%.
• Still a small, thinly traded fund since its 2024 launch. Spreads can be wider than the mega-funds in the category, which makes limit orders the sane default.
• WisdomTree classes the fund as non-diversified, so a single holding can move it more than a broader basket would.wisdomtree.com

Full IMCG profile⁠

Full QMID profile⁠