AQLT vs. JQUA
AQLT (iShares MSCI Global Quality Factor ETF) and JQUA (JPMorgan U.S. Quality Factor ETF) are both Quality Factor funds - AQLT tracks the MSCI ACWI Quality Index (Net) while JQUA tracks the JP Morgan US Quality Factor Index. Both are passively managed. Over the past year, AQLT returned 24.44% vs 22.21% for JQUA. Their correlation of 0.86 means they have usually moved in the same direction. AQLT charges 0.20%/yr vs 0.12%/yr for JQUA.
Performance
AQLT vs. JQUA - Performance Comparison
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Returns By Period
In the year-to-date period, AQLT achieves a 11.10% return, which is significantly lower than JQUA's 14.93% return.
AQLT
- 1D
- 0.44%
- 1M
- -1.06%
- 6M
- 6.58%
- YTD
- 11.10%
- 1Y
- 24.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.38%
JQUA
- 1D
- 0.08%
- 1M
- 0.33%
- 6M
- 13.64%
- YTD
- 14.93%
- 1Y
- 22.21%
- 3Y*
- 18.11%
- 5Y*
- 12.89%
- 10Y*
- —
- ALL TIME*
- 14.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $848.28K | $1.29M | $1.17M | |
| $26.79M | $28.22M | $36.46M |
AQLT vs. JQUA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AQLT iShares MSCI Global Quality Factor ETF | 11.10% | 17.65% | -3.38% |
JQUA JPMorgan U.S. Quality Factor ETF | 14.93% | 11.69% | -3.67% |
Correlation
The correlation between AQLT and JQUA is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | 0.86 |
The correlation between AQLT and JQUA has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
AQLT vs. JQUA — Risk / Return Rank
AQLT
JQUA
AQLT vs. JQUA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Quality Factor ETF (AQLT) and JPMorgan U.S. Quality Factor ETF (JQUA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AQLT | JQUA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.95 | -0.77 |
| Martin ratioReturn relative to average drawdown | 9.54 | 12.05 | -2.51 |
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Drawdowns
AQLT vs. JQUA - Drawdown Comparison
The maximum AQLT drawdown since its inception was -16.84%, smaller than the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for AQLT and JQUA.
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Drawdown Indicators
| AQLT | JQUA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.84% | -32.92% | +16.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -7.13% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.47% | — |
Current DrawdownCurrent decline from peak | -1.75% | -0.36% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -4.10% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.74% | +0.70% |
Volatility
AQLT vs. JQUA - Volatility Comparison
iShares MSCI Global Quality Factor ETF (AQLT) has a higher volatility of 3.44% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 2.34%. This indicates that AQLT's price experiences larger fluctuations and is considered to be riskier than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQLT | JQUA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 2.34% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 9.47% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 12.04% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 15.72% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 17.93% | -1.05% |
AQLT vs. JQUA - Expense Ratio Comparison
AQLT has a 0.20% expense ratio, which is higher than JQUA's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AQLT vs. JQUA - Dividend Comparison
AQLT's dividend yield for the trailing twelve months is around 1.00%, less than JQUA's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AQLT iShares MSCI Global Quality Factor ETF | 1.00% | 1.05% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JQUA JPMorgan U.S. Quality Factor ETF | 1.08% | 1.19% | 1.24% | 1.21% | 1.60% | 1.32% | 1.44% | 1.67% | 2.10% | 0.40% |
Frequently Asked Questions
AQLT and JQUA have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AQLT has higher volatility (3.44%) compared to JQUA (2.34%). In terms of maximum drawdown, AQLT dropped -16.84% vs JQUA's -32.92%.
On 1-year performance, AQLT leads with 24.44% vs 22.21% for JQUA. On fees, JQUA is cheaper at 0.12% per year. On volatility, JQUA has been the lower-risk option at 2.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AQLT has performed better with a 24.44% return vs 22.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JQUA is cheaper with a 0.12% expense ratio, compared with 0.20% for AQLT.
JQUA has the higher dividend yield at 1.08%, compared with 1.00% for AQLT.
AQLT tracks MSCI ACWI Quality Index (Net), while JQUA tracks JP Morgan US Quality Factor Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for AQLT and 0.12% for JQUA.
JQUA currently has the higher Sharpe Ratio (1.75 vs 1.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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