AKREX vs. QUAL

Last updated Jun 5, 2026

AKREX (Akre Focus Fund Retail Class) and QUAL (iShares MSCI USA Quality Factor ETF) are both funds - AKREX is a Large Cap Growth Equities fund managed by Akre, while QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. Their correlation of 0.84 suggests significant overlap in exposure. AKREX charges 1.30%/yr vs 0.15%/yr for QUAL.

Performance

AKREX vs. QUAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Akre Focus Fund Retail Class (AKREX) and iShares MSCI USA Quality Factor ETF (QUAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AKREX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QUAL

• 1D: 0.79%
• 1M: 4.74%
• YTD: 9.65%
• 6M: 9.63%
• 1Y: 22.18%
• 3Y*: 20.16%
• 5Y*: 12.13%
• 10Y*: 14.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AKREX vs. QUAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AKREX Akre Focus Fund Retail Class	0.00%	1.72%	17.97%	28.39%	-22.95%	24.23%	20.37%	35.05%	5.25%	30.49%
QUAL iShares MSCI USA Quality Factor ETF	9.65%	12.65%	22.29%	30.88%	-20.50%	26.94%	17.04%	33.89%	-5.70%	22.26%

Correlation

The correlation between AKREX and QUAL is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jul 19, 2013	0.84

Over the past year, the correlation between AKREX and QUAL has dropped to 0.35 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

AKREX vs. QUAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QUAL

QUAL Risk / Return Rank: 56
QUAL Sharpe Ratio Rank: 57
QUAL Sortino Ratio Rank: 57
QUAL Omega Ratio Rank: 55
QUAL Calmar Ratio Rank: 51
QUAL Martin Ratio Rank: 63

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.

AKREX vs. QUAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Akre Focus Fund Retail Class (AKREX) and iShares MSCI USA Quality Factor ETF (QUAL). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AKREX	QUAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.88	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.80	—

Drawdowns

Drawdown Indicators

	AKREX	QUAL	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.06%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.06%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-4.10%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.98%	—

Volatility

Volatility by Period

	AKREX	QUAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.84%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.33%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.09%	—

AKREX vs. QUAL - Expense Ratio Comparison

AKREX has a 1.30% expense ratio, which is higher than QUAL's 0.15% expense ratio.

Dividends

AKREX vs. QUAL - Dividend Comparison

AKREX's dividend yield for the trailing twelve months is around 4.80%, more than QUAL's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AKREX Akre Focus Fund Retail Class	4.80%	4.80%	5.07%	3.56%	6.73%	3.65%	0.00%	2.99%	0.55%	0.62%	0.18%	0.00%
QUAL iShares MSCI USA Quality Factor ETF	0.87%	0.94%	1.02%	1.23%	1.59%	1.20%	1.39%	1.60%	2.00%	1.76%	1.96%	1.63%

Frequently Asked Questions

Can I hold both AKREX and QUAL in my portfolio?

AKREX and QUAL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.