WisdomTree U.S. MidCap Earnings Fund (EZM) Performance
EZM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.1% since Dec 31, 2025
- 1 year
- +13.1% total return
- 5 years
- +7.4% a year
- 10 years
- +10.5% a year
- Since first price
- +9.4% a year since 2007
EZM trailing returns vs SPY, QQQ, AGG
| Period | EZM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.9% | +0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.9% | −2.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.8% | +2.2% | +7.8% | +8.4% | −1.5% |
| YTD | +11.1% | +10.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.1% | +11.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +60.1%+17.0%/yr | +53.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +43.2%+7.4%/yr | +33.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +171.5%+10.5%/yr | +135.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +427.7%+11.7%/yr | +326.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 23, 2007 | +480.1%+9.4%/yr | +340.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EZM vs SPY
From Feb 23, 2007: EZM grew to $58,012, SPY to $74,975.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EZM returns by calendar year
14 of 18 full years positive. Best 2009 (+50.3%), worst 2008 (−35.1%). 2026 is year to date.
EZM annual returns table
| Year | EZM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.1% | −8.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.4% | −20.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.3% | −9.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +19.7% | −15.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.2% | −22.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +31.0% | −8.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +5.6% | −47.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.5% | −10.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −12.4% | −23.2% | −4.6% | −0.1% | +0.1% |
| 2017 | +17.4% | −5.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +19.8% | −10.8% | +12.0% | +7.1% | +2.4% |
| 2015 | −4.8% | −13.3% | +1.2% | +9.4% | +0.5% |
| 2014 | +8.4% | −11.3% | +13.5% | +19.2% | +6.0% |
| 2013 | +40.2% | −5.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +17.7% | −15.0% | +16.0% | +18.1% | +3.8% |
| 2011 | +0.9% | −25.7% | +1.9% | +3.4% | +7.7% |
| 2010 | +25.6% | −16.6% | +15.1% | +19.9% | +6.4% |
| 2009 | +50.3% | −33.2% | +26.4% | +54.7% | +3.0% |
| 2008 | −35.1% | −49.8% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EZM largest drawdowns
Now 5.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2007 | −59.6% | Mar 6, 2009 | Nov 4, 2010 | 1.8 years | 3.4 years |
| Jan 16, 2020 | −47.3% | Mar 23, 2020 | Nov 24, 2020 | 2 months | 10 months |
| Jul 7, 2011 | −25.7% | Oct 3, 2011 | Feb 3, 2012 | 3 months | 7 months |
| Nov 25, 2024 | −23.5% | Apr 8, 2025 | Dec 5, 2025 | 4 months | 1.0 years |
| Aug 29, 2018 | −23.2% | Dec 24, 2018 | Nov 27, 2019 | 4 months | 1.2 years |
| Jan 4, 2022 | −22.4% | Sep 26, 2022 | Dec 14, 2023 | 9 months | 1.9 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EZM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +13.7% | +8.1% | +10.0% | +9.4% |
| Volatility (annualized) | 16.5% | 19.4% | 20.6% | 20.0% |
| Sharpe ratio | 0.60 | 0.31 | 0.46 | 0.48 |
| Sortino ratio | 1.02 | 0.50 | 0.67 | 0.72 |
| Best month | +10.3% | +11.4% | +16.8% | +21.9% |
| Worst month | −7.3% | −11.2% | −26.6% | −26.6% |
| Best 12 months | +31.2% | +31.2% | +95.7% | +95.7% |
| Worst 12 months | −1.1% | −14.3% | −31.5% | −42.7% |
| Positive months | 58% | 53% | 62% | 62% |
| Beta vs S&P 500 | 0.97 | 1.01 | 1.16 | — |
| Correlation with S&P 500 | 0.73 | 0.82 | 0.86 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EZM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 225 | −42.7% | +10.4% | +95.7% | 72% |
| 3-year (a year) | 201 | −7.8% | +10.7% | +37.3% | 94% |
| 5-year (a year) | 177 | −2.4% | +11.0% | +31.1% | 99% |
| 10-year (a year) | 117 | +6.8% | +10.7% | +18.9% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
EZM performance overview
WisdomTree U.S. MidCap Earnings Fund (EZM) returned +13.1% over the past year and +10.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +9.4% a year, turning $10,000 into about $58,012. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −59.6%, from Jun 4, 2007 to Mar 6, 2009, and it took 1.7 years to get back to the old high. EZM finished 14 of its 18 full calendar years with a gain; the best year was 2009 (+50.3%) and the worst 2008 (−35.1%). Volatility has been 20.0% a year.
Related: EZM chart, EZM holdings, EZM dividends, EZM valuation. See the EZM overview for the latest quote and fund facts.
EZM performance FAQ
What is the EZM return over the past year?
EZM returned +13.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.6%.
What is the average annual return of EZM?
EZM has returned +7.4% a year over 5 years, +10.5% a year over 10 years, +9.4% a year since February 23, 2007 (total return, distributions reinvested).
How much would $10,000 invested in EZM be worth?
$10,000 invested in EZM at its first recorded close on February 23, 2007 would be worth about $58,012 on October 23, 2026 with distributions reinvested.
What was the worst year for EZM?
The worst calendar year was 2008, with a total return of −35.1%. The best was 2009 at +50.3%.
What is the biggest drawdown of EZM?
The largest peak-to-trough decline was −59.6% between June 4, 2007 and March 6, 2009. It recovered to the old high on November 4, 2010, 1.7 years after the bottom.
How volatile is EZM?
Over the past 3 years EZM had an annualized volatility of 16.5% and a Sharpe ratio of 0.60 (excess return over 1–3 month T-bills per unit of risk).