A side-by-side comparison of TD Q U.S. Small-Mid-Cap Equity ETF (TQSM) and Desjardins American Mid Cap Equity Index ETF (DMID) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | TQSM | DMID |
|---|---|---|
| YTD Return | +17.05%✓ | +13.64% |
| 1-Day Change | -1.13% | -0.64%✓ |
| 1-Week Change | -3.61% | -2.20%✓ |
| 1-Month Change | -1.82%✓ | +1.36% |
| Current Price | $29.65 | $23.16 |
| AUM | $1.01B✓ | $431M |
| MER (Expense Ratio) | 0% | — |
| Dividend Yield | 0.72% | — |
| Distribution Frequency | — | — |
| Inception Date | 2019-11-20 | 2025-08-28 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★★★ | — |
| Category | US Small/Mid Cap Equity | US Small/Mid Cap Equity |
| Beta | 0.99 | 0.00 |
| 52-Week High | $31.14 | $23.81 |
| 52-Week Low | $24.18 | $19.54 |
| 50-Day MA | $30.01 | $23.25 |
| 200-Day MA | $27.17 | $21.76 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | TQSM | DMID |
|---|---|---|
| YTD | +17.05%✓ | +13.64% |
| 1 Year | +18.87% | — |
| 3 Year | +16.01% | — |
| 5 Year | +12.81% | — |
| 10 Year | — | — |
| 1Y Volatility | 11.77% | — |
| Sharpe Ratio (3Y) | 0.84 | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | DINO | HF Sinclair Corp | 1.73% |
| 2 | RGA | Reinsurance Group of America | 1.49% |
| 3 | OVV | Ovintiv Inc | 1.43% |
| 4 | SNEX | Stonex Group Inc | 1.40% |
| 5 | USFD | US Foods Holding Corp | 1.34% |
| 6 | FBP | First BanCorp. | 1.31% |
| 7 | EQH | Axa Equitable Holdings Inc | 1.31% |
| 8 | MLI | Mueller Industries Inc | 1.29% |
| 9 | EXEL | Exelixis Inc | 1.24% |
| 10 | MEDP | Medpace Holdings Inc | 1.15% |
| 1 | RVMD | Revolution Medicines Inc | 0.89% |
| 2 | TWLO | Twilio Inc | 0.71% |
| 3 | CRS | Carpenter Technology Corporation | 0.64% |
| 4 | ATI | Allegheny Technologies Incorporated | 0.64% |
| 5 | NVT | nVent Electric PLC | 0.63% |
| 6 | OKTA | Okta Inc | 0.60% |
| 7 | BURL | Burlington Stores Inc | 0.58% |
| 8 | FFIV | F5 Networks Inc | 0.57% |
| 9 | USFD | US Foods Holding Corp | 0.56% |
| 10 | THC | Tenet Healthcare Corporation | 0.55% |
Sector Weights
| Sector | TQSM | DMID |
|---|---|---|
| Basic Materials | 4.51% | 4.49% |
| Communication Services | 1.86% | 3.24% |
| Consumer Cyclicals | 12.52% | 10.41% |
| Consumer Defensive | 6.96% | 4.31% |
| Energy | 7.50% | 3.56% |
| Financial Services | 20.05% | 13.45% |
| Healthcare | 8.38% | 14.27% |
| Industrials | 19.41% | 19.46% |
| Real Estate | 3.83% | 9.02% |
| Technology | 14.39% | 15.58% |
| Utilities | 0.59% | 2.21% |
About TQSM
NA
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.
Which ETF is Right for You?
Both TQSM and DMID 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 TQSM and DMID?
TQSM (TD Q U.S. Small-Mid-Cap Equity ETF) and DMID (Desjardins American Mid Cap Equity Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($1.01B vs $431M), dividend yield (0.72% vs N/A), and year-to-date performance (+17.05% vs +13.64%).
Is TQSM better than DMID?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, TQSM has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy TQSM and DMID on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both TQSM and DMID should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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