FQITX vs. IQLT
Compare and contrast key facts about Fidelity SAI International Quality Index Fund (FQITX) and iShares MSCI Intl Quality Factor ETF (IQLT).
FQITX is managed by Fidelity. It was launched on May 11, 2020. IQLT is a passively managed fund by iShares that tracks the performance of the World ex USA Sector Neutral Quality. It was launched on Jan 13, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FQITX or IQLT.
Correlation
The correlation between FQITX and IQLT is 0.96, 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.
Performance
FQITX vs. IQLT - Performance Comparison
Key characteristics
FQITX:
0.47
IQLT:
0.60
FQITX:
0.76
IQLT:
0.92
FQITX:
1.09
IQLT:
1.11
FQITX:
0.48
IQLT:
0.73
FQITX:
1.18
IQLT:
1.66
FQITX:
5.26%
IQLT:
4.71%
FQITX:
13.27%
IQLT:
13.08%
FQITX:
-37.32%
IQLT:
-32.21%
FQITX:
-4.84%
IQLT:
-2.73%
Returns By Period
In the year-to-date period, FQITX achieves a 7.18% return, which is significantly lower than IQLT's 8.35% return.
FQITX
7.18%
3.55%
-2.40%
4.64%
N/A
N/A
IQLT
8.35%
4.47%
-1.07%
6.28%
7.16%
6.99%
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FQITX vs. IQLT - Expense Ratio Comparison
FQITX has a 0.19% expense ratio, which is lower than IQLT's 0.30% expense ratio.
Risk-Adjusted Performance
FQITX vs. IQLT — Risk-Adjusted Performance Rank
FQITX
IQLT
FQITX vs. IQLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI International Quality Index Fund (FQITX) and iShares MSCI Intl Quality Factor ETF (IQLT). 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.
Dividends
FQITX vs. IQLT - Dividend Comparison
FQITX's dividend yield for the trailing twelve months is around 1.49%, less than IQLT's 2.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FQITX Fidelity SAI International Quality Index Fund | 1.49% | 1.60% | 2.54% | 3.13% | 1.77% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQLT iShares MSCI Intl Quality Factor ETF | 2.65% | 2.87% | 2.27% | 3.14% | 2.24% | 1.60% | 2.28% | 2.72% | 2.36% | 2.91% | 2.78% |
Drawdowns
FQITX vs. IQLT - Drawdown Comparison
The maximum FQITX drawdown since its inception was -37.32%, which is greater than IQLT's maximum drawdown of -32.21%. Use the drawdown chart below to compare losses from any high point for FQITX and IQLT. For additional features, visit the drawdowns tool.
Volatility
FQITX vs. IQLT - Volatility Comparison
Fidelity SAI International Quality Index Fund (FQITX) and iShares MSCI Intl Quality Factor ETF (IQLT) have volatilities of 3.53% and 3.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.