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DVY vs. QUAL

Last updated Jun 3, 2023

Compare and contrast key facts about iShares Select Dividend ETF (DVY) and iShares Edge MSCI USA Quality Factor ETF (QUAL).

DVY and QUAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DVY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Dividend Index. It was launched on Nov 3, 2003. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013. Both DVY and QUAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DVY or QUAL.

Key characteristics


DVYQUAL
YTD Return-6.66%14.50%
1Y Return-11.21%5.94%
5Y Return (Ann)6.45%10.71%
10Y Return (Ann)9.30%11.96%
Sharpe Ratio-0.570.38
Daily Std Dev18.81%22.31%
Max Drawdown-62.59%-34.06%

Correlation

0.77
-1.001.00

The correlation between DVY and QUAL is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

DVY vs. QUAL - Performance Comparison

In the year-to-date period, DVY achieves a -6.66% return, which is significantly lower than QUAL's 14.50% return. Over the past 10 years, DVY has underperformed QUAL with an annualized return of 9.30%, while QUAL has yielded a comparatively higher 11.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%2023FebruaryMarchAprilMayJune
-7.76%
9.93%
DVY
QUAL

Compare stocks, funds, or ETFs


iShares Select Dividend ETF

DVY vs. QUAL - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 4.61%, more than QUAL's 1.68% yield.


TTM20222021202020192018201720162015201420132012
DVY
iShares Select Dividend ETF
4.61%3.46%3.26%3.95%3.84%4.18%3.62%3.79%4.43%4.03%4.21%5.26%
QUAL
iShares Edge MSCI USA Quality Factor ETF
1.68%1.60%1.22%1.43%1.68%2.14%1.91%2.18%1.84%1.55%0.74%0.00%

DVY vs. QUAL - Expense Ratio Comparison

DVY has a 0.39% expense ratio, which is higher than QUAL's 0.15% expense ratio.

DVY vs. QUAL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) and iShares Edge 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
DVY
iShares Select Dividend ETF
-0.57
QUAL
iShares Edge MSCI USA Quality Factor ETF
0.38

DVY vs. QUAL - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is -0.57, which is lower than the QUAL Sharpe Ratio of 0.38. The chart below compares the 12-month rolling Sharpe Ratio of DVY and QUAL.


-1.00-0.500.000.502023FebruaryMarchAprilMayJune
-0.57
0.38
DVY
QUAL

DVY vs. QUAL - Drawdown Comparison

The maximum DVY drawdown for the period was -14.87%, higher than the maximum QUAL drawdown of -21.87%. The drawdown chart below compares losses from any high point along the way for DVY and QUAL


-20.00%-15.00%-10.00%-5.00%0.00%2023FebruaryMarchAprilMayJune
-12.46%
-9.44%
DVY
QUAL

DVY vs. QUAL - Volatility Comparison

iShares Select Dividend ETF (DVY) has a higher volatility of 4.63% compared to iShares Edge MSCI USA Quality Factor ETF (QUAL) at 4.11%. This indicates that DVY's price experiences larger fluctuations and is considered to be riskier than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%2023FebruaryMarchAprilMayJune
4.63%
4.11%
DVY
QUAL