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ACWV vs. XQLT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWV vs. XQLT.TO

Last updated Jun 9, 2026

ACWV (iShares MSCI Global Min Vol Factor ETF) and XQLT.TO (iShares MSCI USA Quality Factor Index ETF) are both exchange-traded funds - ACWV is a Large Cap Blend Equities fund tracking the MSCI AC World Minimum Volatility (USD), while XQLT.TO is a Large Cap Growth Equities fund tracking the MSCI USA Sector Neutral Quality Index. Both are passively managed. Over the past 5 years, ACWV returned 5.30%/yr vs 11.40%/yr for XQLT.TO. At a 0.40 correlation, their price movements are largely independent. ACWV charges 0.20%/yr vs 0.32%/yr for XQLT.TO.

Performance

ACWV vs. XQLT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Min Vol Factor ETF (ACWV) and iShares MSCI USA Quality Factor Index ETF (XQLT.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ACWV is traded in USD, while XQLT.TO is traded in CAD. To make them comparable, the XQLT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ACWV achieves a 1.59% return, which is significantly lower than XQLT.TO's 7.62% return.

ACWV

1D
-0.05%
1M
-0.30%
YTD
1.59%
6M
2.50%
1Y
3.85%
3Y*
9.71%
5Y*
5.30%
10Y*
7.26%

XQLT.TO

1D
0.20%
1M
1.74%
YTD
7.62%
6M
7.86%
1Y
19.06%
3Y*
19.12%
5Y*
11.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWV vs. XQLT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ACWV
iShares MSCI Global Min Vol Factor ETF		1.59%11.04%11.38%8.23%-10.36%13.97%3.04%3.22%
XQLT.TO
iShares MSCI USA Quality Factor Index ETF		7.62%12.21%22.03%31.20%-22.09%27.96%14.32%10.82%

Correlation

The correlation between ACWV and XQLT.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2019

0.40

ACWV vs. XQLT.TO - Sectors Allocation Comparison

Sectors
ACWV
XQLT.TO

Technology

22.6%
37.0%

Healthcare

13.2%
8.8%

Financial Services

13.1%
11.8%

Communication Services

12.2%
11.0%

Consumer Defensive

10.3%
4.9%

Industrials

7.9%
7.9%

Utilities

7.8%
1.8%

Consumer Cyclical

5.1%
9.3%

Energy

3.4%
4.0%

Basic Materials

1.8%
1.7%

Real Estate

0.8%
1.8%

Technology

ACWV
22.6%
XQLT.TO
37.0%

Healthcare

ACWV
13.2%
XQLT.TO
8.8%

Financial Services

ACWV
13.1%
XQLT.TO
11.8%

Communication Services

ACWV
12.2%
XQLT.TO
11.0%

Consumer Defensive

ACWV
10.3%
XQLT.TO
4.9%

Industrials

ACWV
7.9%
XQLT.TO
7.9%

Utilities

ACWV
7.8%
XQLT.TO
1.8%

Consumer Cyclical

ACWV
5.1%
XQLT.TO
9.3%

Energy

ACWV
3.4%
XQLT.TO
4.0%

Basic Materials

ACWV
1.8%
XQLT.TO
1.7%

Real Estate

ACWV
0.8%
XQLT.TO
1.8%

Compare stocks, funds, or ETFs

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iShares MSCI Global Min Vol Factor ETF

iShares MSCI USA Quality Factor Index ETF

Often compared with ACWV:
ACWV vs. USMVACWV vs. VTACWV vs. MVOL.LACWV vs. EFAVACWV vs. SPLVACWV vs. VOOACWV vs. XMW.TO
Often compared with XQLT.TO:
XQLT.TO vs. XVLU.TOXQLT.TO vs. HYLD.TOXQLT.TO vs. VOOXQLT.TO vs. SPYXQLT.TO vs. VFV.TOXQLT.TO vs. ZSP.TOXQLT.TO vs. XGRO.TO

Return for Risk

ACWV vs. XQLT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACWV
ACWV Risk / Return Rank: 1717
Overall Rank
ACWV Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
ACWV Sortino Ratio Rank: 1717
Sortino Ratio Rank
ACWV Omega Ratio Rank: 1616
Omega Ratio Rank
ACWV Calmar Ratio Rank: 1717
Calmar Ratio Rank
ACWV Martin Ratio Rank: 1919
Martin Ratio Rank
XQLT.TO
XQLT.TO Risk / Return Rank: 6060
Overall Rank
XQLT.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
XQLT.TO Sortino Ratio Rank: 6262
Sortino Ratio Rank
XQLT.TO Omega Ratio Rank: 5858
Omega Ratio Rank
XQLT.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
XQLT.TO Martin Ratio Rank: 6060
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACWV vs. XQLT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) and iShares MSCI USA Quality Factor Index ETF (XQLT.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

ACWVXQLT.TODifference
Sharpe ratioReturn per unit of total volatility
0.50
1.49

-1.00

Sortino ratioReturn per unit of downside risk
0.74
2.16

-1.42

Omega ratioGain probability vs. loss probability

1.09

1.27

-0.18

Calmar ratioReturn relative to maximum drawdown

0.61

2.20

-1.59

Martin ratioReturn relative to average drawdown

1.87

9.59

-7.72

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACWV vs. XQLT.TO - Sharpe Ratio Comparison

The current ACWV Sharpe Ratio is 0.50, which is lower than the XQLT.TO Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of ACWV and XQLT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ACWVXQLT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.50

1.49

-1.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

0.68

-0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.79

-0.09

Drawdowns

ACWV vs. XQLT.TO - Drawdown Comparison

The maximum ACWV drawdown since its inception was -28.82%, smaller than the maximum XQLT.TO drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for ACWV and XQLT.TO.

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Drawdown Indicators

ACWVXQLT.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.82%

-30.79%

+1.97%

Max Drawdown (1Y)

Largest decline over 1 year

-6.37%

-8.71%

+2.34%

Max Drawdown (3Y)

Largest decline over 3 years

-7.56%

-18.76%

+11.20%

Max Drawdown (5Y)

Largest decline over 5 years

-18.14%

-29.57%

+11.43%

Max Drawdown (10Y)

Largest decline over 10 years

-28.82%

—

—

Current Drawdown

Current decline from peak

-3.64%

-2.60%

-1.04%

Average Drawdown

Average peak-to-trough decline

-3.11%

-6.15%

+3.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

1.99%

+0.07%

Volatility

ACWV vs. XQLT.TO - Volatility Comparison

The current volatility for iShares MSCI Global Min Vol Factor ETF (ACWV) is 2.09%, while iShares MSCI USA Quality Factor Index ETF (XQLT.TO) has a volatility of 4.08%. This indicates that ACWV experiences smaller price fluctuations and is considered to be less risky than XQLT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ACWVXQLT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.09%

4.08%

-1.99%

Volatility (6M)

Calculated over the trailing 6-month period

5.66%

9.97%

-4.31%

Volatility (1Y)

Calculated over the trailing 1-year period

7.79%

12.84%

-5.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.24%

16.91%

-6.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.31%

18.00%

-5.69%

ACWV vs. XQLT.TO - Expense Ratio Comparison

ACWV has a 0.20% expense ratio, which is lower than XQLT.TO's 0.32% expense ratio.

Dividends

ACWV vs. XQLT.TO - Dividend Comparison

ACWV's dividend yield for the trailing twelve months is around 2.05%, more than XQLT.TO's 0.64% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWV
iShares MSCI Global Min Vol Factor ETF		2.05%2.09%2.33%2.41%2.18%1.92%1.77%2.54%2.32%2.04%2.56%2.28%
XQLT.TO
iShares MSCI USA Quality Factor Index ETF		0.64%0.69%0.72%0.94%1.21%0.87%1.11%1.23%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ACWV and XQLT.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ACWV is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ACWV is cheaper with a 0.20% expense ratio, compared with 0.32% for XQLT.TO.

ACWV is categorized as Large Cap Blend Equities, while XQLT.TO is Large Cap Growth Equities. ACWV tracks MSCI AC World Minimum Volatility (USD), while XQLT.TO tracks MSCI USA Sector Neutral Quality Index. Their fees differ too: 0.20% for ACWV and 0.32% for XQLT.TO.

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