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EXO.AS vs. QUAL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EXO.AS vs. QUAL

Last updated Jun 4, 2026

EXO.AS (Exor N.V.) is a stock, while QUAL (iShares MSCI USA Quality Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. Over the past 3 years, EXO.AS returned -6.05%/yr vs 16.48%/yr for QUAL. At a 0.28 correlation, their price movements are largely independent.

Performance

EXO.AS vs. QUAL - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Exor N.V. (EXO.AS) and iShares MSCI USA Quality Factor ETF (QUAL). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EXO.AS is traded in EUR, while QUAL is traded in USD. To make them comparable, the QUAL values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EXO.AS achieves a -9.42% return, which is significantly lower than QUAL's 10.10% return.

EXO.AS

1D
-2.69%
1M
-1.61%
YTD
-9.42%
6M
-9.36%
1Y
-22.24%
3Y*
-6.05%
5Y*
—
10Y*
—

QUAL

1D
0.15%
1M
5.37%
YTD
10.10%
6M
9.45%
1Y
19.26%
3Y*
16.48%
5Y*
13.01%
10Y*
14.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EXO.AS vs. QUAL - Yearly Performance Comparison

2026 (YTD)2025202420232022
EXO.AS
Exor N.V.		-9.42%-17.71%-1.72%33.25%3.30%
QUAL
iShares MSCI USA Quality Factor ETF		10.10%-0.72%30.36%26.96%-12.41%

Correlation

The correlation between EXO.AS and QUAL is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.37

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

0.27

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2022

0.28

The correlation between EXO.AS and QUAL shifts across timeframes, from 0.27 (3 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.

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Exor N.V.

iShares MSCI USA Quality Factor ETF

Often compared with EXO.AS:
EXO.AS vs. BRK-BEXO.AS vs. IEFM.LEXO.AS vs. CEMQ.DEEXO.AS vs. RACEEXO.AS vs. SPYEXO.AS vs. PST.MIEXO.AS vs. MF.PA
Often compared with QUAL:
QUAL vs. SPHQQUAL vs. SPYQUAL vs. MTUMQUAL vs. USMVQUAL vs. VOOQUAL vs. IVVQUAL vs. SCHD

Return for Risk

EXO.AS vs. QUAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EXO.AS
EXO.AS Risk / Return Rank: 1111
Overall Rank
EXO.AS Sharpe Ratio Rank: 66
Sharpe Ratio Rank
EXO.AS Sortino Ratio Rank: 99
Sortino Ratio Rank
EXO.AS Omega Ratio Rank: 99
Omega Ratio Rank
EXO.AS Calmar Ratio Rank: 1414
Calmar Ratio Rank
EXO.AS Martin Ratio Rank: 1414
Martin Ratio Rank
QUAL
QUAL Risk / Return Rank: 5353
Overall Rank
QUAL Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
QUAL Sortino Ratio Rank: 5353
Sortino Ratio Rank
QUAL Omega Ratio Rank: 5151
Omega Ratio Rank
QUAL Calmar Ratio Rank: 4848
Calmar Ratio Rank
QUAL 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.

EXO.AS vs. QUAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Exor N.V. (EXO.AS) 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.

EXO.ASQUALDifference
Sharpe ratioReturn per unit of total volatility
-0.93
1.62

-2.55

Sortino ratioReturn per unit of downside risk
-1.17
2.21

-3.38

Omega ratioGain probability vs. loss probability

0.85

1.29

-0.44

Calmar ratioReturn relative to maximum drawdown

-0.72

2.75

-3.47

Martin ratioReturn relative to average drawdown

-1.19

10.53

-11.72

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

EXO.AS vs. QUAL - Sharpe Ratio Comparison

The current EXO.AS Sharpe Ratio is -0.93, which is lower than the QUAL Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of EXO.AS and QUAL, 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

EXO.ASQUALDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.93

1.62

-2.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.76

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.76

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.01

0.81

-0.80

Drawdowns

EXO.AS vs. QUAL - Drawdown Comparison

The maximum EXO.AS drawdown since its inception was -39.28%, which is greater than QUAL's maximum drawdown of -33.56%. Use the drawdown chart below to compare losses from any high point for EXO.AS and QUAL.

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Drawdown Indicators

EXO.ASQUALDifference

Max Drawdown

Largest peak-to-trough decline

-39.28%

-33.56%

-5.72%

Max Drawdown (1Y)

Largest decline over 1 year

-30.69%

-7.03%

-23.66%

Max Drawdown (3Y)

Largest decline over 3 years

-39.28%

-23.13%

-16.15%

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.13%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.56%

—

Current Drawdown

Current decline from peak

-37.10%

-0.05%

-37.05%

Average Drawdown

Average peak-to-trough decline

-11.60%

-4.48%

-7.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.63%

1.83%

+16.80%

Volatility

EXO.AS vs. QUAL - Volatility Comparison

Exor N.V. (EXO.AS) has a higher volatility of 6.33% compared to iShares MSCI USA Quality Factor ETF (QUAL) at 2.14%. This indicates that EXO.AS'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.

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Volatility by Period

EXO.ASQUALDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.33%

2.14%

+4.19%

Volatility (6M)

Calculated over the trailing 6-month period

16.60%

8.67%

+7.93%

Volatility (1Y)

Calculated over the trailing 1-year period

23.66%

12.00%

+11.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.63%

17.14%

+4.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.63%

18.57%

+3.06%

Dividends

EXO.AS vs. QUAL - Dividend Comparison

EXO.AS's dividend yield for the trailing twelve months is around 0.75%, less than QUAL's 0.88% yield.

PositionTTM20252024202320222021202020192018201720162015
EXO.AS
Exor N.V.		0.75%0.68%0.52%0.49%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QUAL
iShares MSCI USA Quality Factor ETF		0.88%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

EXO.AS and QUAL have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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