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

EFAV vs. XQLT.TO

Last updated Jun 9, 2026

EFAV (iShares Edge MSCI Min Vol EAFE ETF) and XQLT.TO (iShares MSCI USA Quality Factor Index ETF) are both exchange-traded funds - EFAV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Minimum Volatility Index, 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, EFAV returned 6.01%/yr vs 11.40%/yr for XQLT.TO. At a 0.33 correlation, their price movements are largely independent. EFAV charges 0.20%/yr vs 0.32%/yr for XQLT.TO.

Performance

EFAV vs. XQLT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI Min Vol EAFE ETF (EFAV) 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

EFAV 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, EFAV achieves a 3.77% return, which is significantly lower than XQLT.TO's 7.62% return.

EFAV

1D
0.61%
1M
-1.89%
YTD
3.77%
6M
6.13%
1Y
8.96%
3Y*
12.84%
5Y*
6.01%
10Y*
6.10%

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)

EFAV vs. XQLT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
EFAV
iShares Edge MSCI Min Vol EAFE ETF		3.77%26.00%5.30%12.52%-15.11%7.20%-0.06%4.50%
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 EFAV and XQLT.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.33

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

0.30

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

0.36

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

0.33

EFAV vs. XQLT.TO - Sectors Allocation Comparison

Sectors
EFAV
XQLT.TO

Financial Services

19.9%
11.8%

Industrials

15.1%
7.9%

Healthcare

12.4%
8.8%

Consumer Defensive

11.5%
4.9%

Communication Services

9.7%
11.0%

Utilities

9.1%
1.8%

Energy

8.2%
4.0%

Consumer Cyclical

5.2%
9.3%

Technology

4.5%
37.0%

Real Estate

2.9%
1.8%

Basic Materials

1.6%
1.7%

Financial Services

EFAV
19.9%
XQLT.TO
11.8%

Industrials

EFAV
15.1%
XQLT.TO
7.9%

Healthcare

EFAV
12.4%
XQLT.TO
8.8%

Consumer Defensive

EFAV
11.5%
XQLT.TO
4.9%

Communication Services

EFAV
9.7%
XQLT.TO
11.0%

Utilities

EFAV
9.1%
XQLT.TO
1.8%

Energy

EFAV
8.2%
XQLT.TO
4.0%

Consumer Cyclical

EFAV
5.2%
XQLT.TO
9.3%

Technology

EFAV
4.5%
XQLT.TO
37.0%

Real Estate

EFAV
2.9%
XQLT.TO
1.8%

Basic Materials

EFAV
1.6%
XQLT.TO
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Edge MSCI Min Vol EAFE ETF

iShares MSCI USA Quality Factor Index ETF

Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. USMVEFAV vs. EFASEFAV vs. SPLV
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

EFAV vs. XQLT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EFAV
EFAV Risk / Return Rank: 2727
Overall Rank
EFAV Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
EFAV Sortino Ratio Rank: 2525
Sortino Ratio Rank
EFAV Omega Ratio Rank: 2525
Omega Ratio Rank
EFAV Calmar Ratio Rank: 3131
Calmar Ratio Rank
EFAV Martin Ratio Rank: 2929
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Min Vol EAFE ETF (EFAV) 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.

EFAVXQLT.TODifference
Sharpe ratioReturn per unit of total volatility
0.86
1.49

-0.63

Sortino ratioReturn per unit of downside risk
1.26
2.16

-0.90

Omega ratioGain probability vs. loss probability

1.16

1.27

-0.11

Calmar ratioReturn relative to maximum drawdown

1.39

2.20

-0.80

Martin ratioReturn relative to average drawdown

3.77

9.59

-5.82

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

EFAV vs. XQLT.TO - Sharpe Ratio Comparison

The current EFAV Sharpe Ratio is 0.86, which is lower than the XQLT.TO Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of EFAV 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

EFAVXQLT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.86

1.49

-0.63

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.68

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.79

-0.26

Drawdowns

EFAV vs. XQLT.TO - Drawdown Comparison

The maximum EFAV drawdown since its inception was -27.56%, smaller than the maximum XQLT.TO drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for EFAV and XQLT.TO.

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Drawdown Indicators

EFAVXQLT.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.56%

-30.79%

+3.23%

Max Drawdown (1Y)

Largest decline over 1 year

-6.46%

-8.71%

+2.25%

Max Drawdown (3Y)

Largest decline over 3 years

-8.75%

-18.76%

+10.01%

Max Drawdown (5Y)

Largest decline over 5 years

-27.46%

-29.57%

+2.11%

Max Drawdown (10Y)

Largest decline over 10 years

-27.56%

—

—

Current Drawdown

Current decline from peak

-5.66%

-2.60%

-3.06%

Average Drawdown

Average peak-to-trough decline

-4.77%

-6.15%

+1.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.38%

1.99%

+0.39%

Volatility

EFAV vs. XQLT.TO - Volatility Comparison

The current volatility for iShares Edge MSCI Min Vol EAFE ETF (EFAV) is 2.86%, while iShares MSCI USA Quality Factor Index ETF (XQLT.TO) has a volatility of 4.08%. This indicates that EFAV 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

EFAVXQLT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.86%

4.08%

-1.22%

Volatility (6M)

Calculated over the trailing 6-month period

8.30%

9.97%

-1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

10.43%

12.84%

-2.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.80%

16.91%

-5.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.22%

18.00%

-4.78%

EFAV vs. XQLT.TO - Expense Ratio Comparison

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

Dividends

EFAV vs. XQLT.TO - Dividend Comparison

EFAV's dividend yield for the trailing twelve months is around 3.08%, more than XQLT.TO's 0.64% yield.

PositionTTM20252024202320222021202020192018201720162015
EFAV
iShares Edge MSCI Min Vol EAFE ETF		3.08%3.20%3.24%3.08%2.53%2.47%1.33%4.19%3.34%2.45%3.94%2.49%
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

EFAV and XQLT.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

EFAV is categorized as Foreign Large Cap Equities, while XQLT.TO is Large Cap Growth Equities. EFAV tracks MSCI EAFE Minimum Volatility Index, while XQLT.TO tracks MSCI USA Sector Neutral Quality Index. Their fees differ too: 0.20% for EFAV and 0.32% for XQLT.TO.

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