Correlation
The correlation between FQITX and IQLT is 0.72, 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.
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.
Performance
FQITX vs. IQLT - Performance Comparison
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Key characteristics
FQITX:
0.53
IQLT:
0.65
FQITX:
0.80
IQLT:
0.96
FQITX:
1.10
IQLT:
1.13
FQITX:
0.50
IQLT:
0.77
FQITX:
1.42
IQLT:
2.05
FQITX:
5.80%
IQLT:
4.94%
FQITX:
17.22%
IQLT:
17.02%
FQITX:
-37.32%
IQLT:
-32.21%
FQITX:
-0.65%
IQLT:
-0.63%
Returns By Period
In the year-to-date period, FQITX achieves a 12.56% return, which is significantly lower than IQLT's 15.36% return.
FQITX
12.56%
3.45%
9.56%
7.70%
9.51%
7.56%
N/A
IQLT
15.36%
4.24%
11.22%
10.10%
10.60%
11.02%
6.98%
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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.
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Dividends
FQITX vs. IQLT - Dividend Comparison
FQITX's dividend yield for the trailing twelve months is around 1.42%, less than IQLT's 2.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FQITX Fidelity SAI International Quality Index Fund | 1.42% | 1.60% | 2.54% | 3.13% | 11.09% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQLT iShares MSCI Intl Quality Factor ETF | 2.49% | 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.
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Volatility
FQITX vs. IQLT - Volatility Comparison
Fidelity SAI International Quality Index Fund (FQITX) has a higher volatility of 3.45% compared to iShares MSCI Intl Quality Factor ETF (IQLT) at 3.15%. This indicates that FQITX's price experiences larger fluctuations and is considered to be riskier than IQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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