GFLW vs. QARP

Last updated Jul 17, 2026

GFLW (VictoryShares Free Cash Flow Growth ETF) and QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) are both Large Cap Growth Equities funds - GFLW tracks the Victory Free Cash Flow Growth Index while QARP tracks the Russell 1000 2Qual/Val 5% Capped Factor Index. Both are passively managed. Over the past year, GFLW returned 24.16% vs 25.00% for QARP. A 0.69 correlation means they provide meaningful diversification when combined. GFLW charges 0.39%/yr vs 0.19%/yr for QARP.

Performance

GFLW vs. QARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Free Cash Flow Growth ETF (GFLW) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFLW achieves a 14.88% return, which is significantly higher than QARP's 12.78% return.

GFLW

• 1D: -1.44%
• 1M: -1.01%
• 6M: 12.73%
• YTD: 14.88%
• 1Y: 24.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QARP

• 1D: 0.71%
• 1M: 1.10%
• 6M: 9.34%
• YTD: 12.78%
• 1Y: 25.00%
• 3Y*: 17.33%
• 5Y*: 12.09%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GFLW vs. QARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GFLW VictoryShares Free Cash Flow Growth ETF	14.88%	18.40%	-5.88%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	12.78%	13.99%	-3.68%

Correlation

The correlation between GFLW and QARP is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.69

The correlation between GFLW and QARP has been stable across timeframes, ranging from 0.69 to 0.69 - a consistent structural relationship.

Return for Risk

GFLW vs. QARP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GFLW

GFLW Risk / Return Rank: 38
GFLW Sharpe Ratio Rank: 39
GFLW Sortino Ratio Rank: 37
GFLW Omega Ratio Rank: 36
GFLW Calmar Ratio Rank: 39
GFLW Martin Ratio Rank: 42

QARP

QARP Risk / Return Rank: 87
QARP Sharpe Ratio Rank: 90
QARP Sortino Ratio Rank: 89
QARP Omega Ratio Rank: 88
QARP Calmar Ratio Rank: 82
QARP Martin Ratio Rank: 89

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.

GFLW vs. QARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Free Cash Flow Growth ETF (GFLW) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GFLW	QARP	Difference
Sharpe ratio: Return per unit of total volatility	1.14	2.38	-1.23
Sortino ratio: Return per unit of downside risk	1.63	3.34	-1.71
Omega ratio: Gain probability vs. loss probability	1.20	1.43	-0.23
Calmar ratio: Return relative to maximum drawdown	1.62	3.46	-1.83
Martin ratio: Return relative to average drawdown	5.39	15.38	-10.00

GFLW vs. QARP - Sharpe Ratio Comparison

The current GFLW Sharpe Ratio is 1.14, which is lower than the QARP Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of GFLW and QARP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GFLW vs. QARP - Drawdown Comparison

The maximum GFLW drawdown since its inception was -24.14%, smaller than the maximum QARP drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for GFLW and QARP.

Drawdown Indicators

	GFLW	QARP	Difference
Max Drawdown Largest peak-to-trough decline	-24.14%	-35.44%	+11.30%
Max Drawdown (1Y) Largest decline over 1 year	-14.95%	-7.26%	-7.69%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.75%	—
Current Drawdown Current decline from peak	-5.64%	0.00%	-5.64%
Average Drawdown Average peak-to-trough decline	-4.48%	-4.39%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	1.63%	+2.87%

Volatility

GFLW vs. QARP - Volatility Comparison

VictoryShares Free Cash Flow Growth ETF (GFLW) has a higher volatility of 7.32% compared to Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) at 2.76%. This indicates that GFLW's price experiences larger fluctuations and is considered to be riskier than QARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFLW	QARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	2.76%	+4.56%
Volatility (6M) Calculated over the trailing 6-month period	17.23%	8.22%	+9.01%
Volatility (1Y) Calculated over the trailing 1-year period	21.27%	10.58%	+10.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.97%	15.54%	+9.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.97%	19.55%	+5.42%

GFLW vs. QARP - Expense Ratio Comparison

GFLW has a 0.39% expense ratio, which is higher than QARP's 0.19% expense ratio.

Dividends

GFLW vs. QARP - Dividend Comparison

GFLW has not paid dividends to shareholders, while QARP's dividend yield for the trailing twelve months is around 1.02%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GFLW VictoryShares Free Cash Flow Growth ETF	0.00%	0.02%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	1.02%	1.14%	1.39%	1.28%	1.68%	1.34%	1.61%	1.85%	1.39%

Frequently Asked Questions

Can I hold both GFLW and QARP in my portfolio?

GFLW and QARP have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFLW or QARP?

GFLW has higher volatility (7.32%) compared to QARP (2.76%). In terms of maximum drawdown, GFLW dropped -24.14% vs QARP's -35.44%.

Which ETF is better, GFLW or QARP?

On 1-year performance, QARP leads with 25.00% vs 24.16% for GFLW. On fees, QARP is cheaper at 0.19% per year. On volatility, QARP has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GFLW or QARP?

Over the 1-year period, QARP has performed better with a 25.00% return vs 24.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GFLW or QARP?

QARP is cheaper with a 0.19% expense ratio, compared with 0.39% for GFLW.

Which ETF pays a higher dividend yield, GFLW or QARP?

QARP has the higher dividend yield at 1.02%, compared with 0.00% for GFLW.

What is the main difference between GFLW and QARP?

GFLW tracks Victory Free Cash Flow Growth Index, while QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index. They also come from different issuers: Victory and Deutsche Bank. Their fees differ too: 0.39% for GFLW and 0.19% for QARP.

Which has better risk-adjusted returns?

QARP currently has the higher Sharpe Ratio (2.38 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.