A side-by-side comparison of Desjardins American Mid Cap Equity Index ETF (DMID) and TD Q U.S. Small-Mid-Cap Equity ETF (TQSM) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | DMID | TQSM |
|---|---|---|
| YTD Return | +14.28% | +17.02%✓ |
| 1-Day Change | +0.04% | +0.30%✓ |
| 1-Week Change | +0.47% | +1.13%✓ |
| 1-Month Change | +8.07%✓ | +6.89% |
| Current Price | $23.29 | $29.64 |
| AUM | $389M | $927M✓ |
| MER (Expense Ratio) | — | 0% |
| Dividend Yield | — | 0.79% |
| Distribution Frequency | — | — |
| Inception Date | 2025-08-28 | 2019-11-20 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | ★★★★★ |
| Category | US Small/Mid Cap Equity | US Small/Mid Cap Equity |
| Beta | 0.00 | 0.98 |
| 52-Week High | $23.30 | $29.84 |
| 52-Week Low | $19.56 | $23.25 |
| 50-Day MA | $22.14 | $27.77 |
| 200-Day MA | $21.18 | $26.22 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | DMID | TQSM |
|---|---|---|
| YTD | +14.28% | +17.02%✓ |
| 1 Year | — | +27.55% |
| 3 Year | — | +17.80% |
| 5 Year | — | +13.74% |
| 10 Year | — | — |
| 1Y Volatility | — | 8.92% |
| Sharpe Ratio (3Y) | — | 0.94 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | RVMD | Revolution Medicines Inc | 0.74% |
| 2 | TWLO | Twilio Inc | 0.69% |
| 3 | NVT | nVent Electric PLC | 0.68% |
| 4 | IONQ | IONQ Inc | 0.65% |
| 5 | STRL | Sterling Construction Company Inc | 0.64% |
| 6 | ATI | Allegheny Technologies Incorporated | 0.60% |
| 7 | CRS | Carpenter Technology Corporation | 0.58% |
| 8 | MTSI | MACOM Technology Solutions Holdings Inc | 0.57% |
| 9 | FFIV | F5 Networks Inc | 0.54% |
| 10 | AKAM | Akamai Technologies Inc | 0.53% |
| 1 | SNEX | Stonex Group Inc | 1.55% |
| 2 | FLEX | Flex Ltd | 1.37% |
| 3 | DINO | HF Sinclair Corp | 1.36% |
| 4 | FBP | First BanCorp. | 1.33% |
| 5 | MLI | Mueller Industries Inc | 1.31% |
| 6 | OVV | Ovintiv Inc | 1.30% |
| 7 | SANM | Sanmina Corporation | 1.30% |
| 8 | USFD | US Foods Holding Corp | 1.27% |
| 9 | EXEL | Exelixis Inc | 1.24% |
| 10 | RGA | Reinsurance Group of America | 1.21% |
Sector Weights
| Sector | DMID | TQSM |
|---|---|---|
| Basic Materials | 4.65% | 4.69% |
| Communication Services | 3.34% | 1.46% |
| Consumer Cyclicals | 10.45% | 13.70% |
| Consumer Defensive | 3.95% | 6.54% |
| Energy | 3.28% | 5.92% |
| Financial Services | 12.96% | 20.58% |
| Healthcare | 11.48% | 7.72% |
| Industrials | 22.95% | 20.78% |
| Real Estate | 8.45% | 3.17% |
| Technology | 16.19% | 15.03% |
| Utilities | 2.30% | 0.41% |
About DMID
Desjardins American Mid Cap Equity Index ETF (DMID.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About TQSM
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Which ETF is Right for You?
Both DMID and TQSM are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, TQSM scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between DMID and TQSM?
DMID (Desjardins American Mid Cap Equity Index ETF) and TQSM (TD Q U.S. Small-Mid-Cap Equity ETF) are both Canadian-listed ETFs. Key differences include their AUM ($389M vs $927M), dividend yield (N/A vs 0.79%), and year-to-date performance (+14.28% vs +17.02%).
Is DMID better than TQSM?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy DMID and TQSM on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both DMID and TQSM should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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