QMID vs SPYG

QMIDCWisdomTree U.S. MidCap Quality Growth Fund

SPYGAState Street SPDR Portfolio S&P 500 Growth ETF

In short

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.

SPYG The growth half of the S&P 500 for 0.04% a year, running since 2000. No exotic screen, no reinvention: just the index's fastest-growing names, in the cheapest wrapper tracking that index.

Stated mandate

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.

SPYG The fund seeks to track, before fees and expenses, the total return of the S&P 500 Growth Index. It provides exposure to S&P 500 companies selected for strong growth characteristics.

Why people hold 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.

• SPYG Costs 0.04% a year, well under the typical fee in the US growth-ETF group.
• The cheapest way to buy the S&P 500 Growth Index: VOOG follows the same benchmark at 0.07%.
• Has tracked its index tightly, one of the strongest implementations among growth funds we grade.
• Trading since 2000, now a multi-billion-dollar fund that changes hands actively, so spreads stay thin. Pays quarterly.

Worth knowing

• 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

• SPYG About 150 stocks, not 500. You get the growth slice, which means heavier single-name and sector concentration than the full index.
• The index screens on growth and momentum, so rebalances lean into names that have already run and the ride is bumpier than the broad market.
• Large-cap US only. No small caps, no international, no bonds.

Full QMID profile⁠

Full SPYG profile⁠