GQI vs. SQLV

Last updated Aug 6, 2026

GQI (Natixis Gateway Quality Income ETF) and SQLV (Royce Quant Small-Cap Quality Value ETF) are both Quality Factor funds. Both are actively managed. Over the past year, GQI returned 22.52% vs 37.86% for SQLV. Their 0.61 correlation means they have sometimes moved together and sometimes differently. GQI charges 0.34%/yr vs 0.60%/yr for SQLV.

Performance

GQI vs. SQLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Natixis Gateway Quality Income ETF (GQI) and Royce Quant Small-Cap Quality Value ETF (SQLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GQI achieves a 11.57% return, which is significantly lower than SQLV's 27.44% return.

GQI

• 1D: -0.37%
• 1M: 2.57%
• 6M: 10.36%
• YTD: 11.57%
• 1Y: 22.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.05%

SQLV

• 1D: -0.84%
• 1M: 3.72%
• 6M: 19.69%
• YTD: 27.44%
• 1Y: 37.86%
• 3Y*: 13.77%
• 5Y*: 8.94%
• 10Y*: —
• ALL TIME*: 10.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GQI Natixis Gateway Quality Income ETF	$1.09M	$1.01M	$2.07M
SQLV Royce Quant Small-Cap Quality Value ETF	$1.26M	$632.61K	$263.89K

GQI vs. SQLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GQI Natixis Gateway Quality Income ETF	11.57%	15.36%	15.99%	1.60%
SQLV Royce Quant Small-Cap Quality Value ETF	27.44%	2.50%	4.76%	7.16%

Correlation

The correlation between GQI and SQLV is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.58
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.61

The correlation between GQI and SQLV has been stable across timeframes, ranging from 0.58 to 0.61 - a consistent structural relationship.

GQI vs. SQLV - Sectors Allocation Comparison

Sectors	GQI	SQLV
Technology	37.9%	15.9%
Consumer Cyclical	11.0%	13.8%
Healthcare	10.9%	18.7%
Communication Services	10.3%	6.0%
Financial Services	9.9%	19.0%
Industrials	8.3%	10.3%
Consumer Defensive	6.1%	7.4%
Energy	3.9%	4.0%
Basic Materials	0.7%	3.8%
Utilities	0.6%	0.2%
Real Estate	0.4%	0.9%

Return for Risk

GQI vs. SQLV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GQI

GQI Risk / Return Rank: 87
GQI Sharpe Ratio Rank: 88
GQI Sortino Ratio Rank: 87
GQI Omega Ratio Rank: 87
GQI Calmar Ratio Rank: 80
GQI Martin Ratio Rank: 92

SQLV

SQLV Risk / Return Rank: 86
SQLV Sharpe Ratio Rank: 85
SQLV Sortino Ratio Rank: 88
SQLV Omega Ratio Rank: 80
SQLV Calmar Ratio Rank: 91
SQLV Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GQI vs. SQLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Natixis Gateway Quality Income ETF (GQI) and Royce Quant Small-Cap Quality Value ETF (SQLV). 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.

	GQI	SQLV	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.21	+0.10
Sortino ratio: Return per unit of downside risk	3.23	3.24	-0.01
Omega ratio: Gain probability vs. loss probability	1.42	1.37	+0.05
Calmar ratio: Return relative to maximum drawdown	3.25	4.30	-1.05
Martin ratio: Return relative to average drawdown	16.88	13.51	+3.37

GQI vs. SQLV - Sharpe Ratio Comparison

The current GQI Sharpe Ratio is 2.31, which is comparable to the SQLV Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of GQI and SQLV, 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

GQI vs. SQLV - Drawdown Comparison

The maximum GQI drawdown since its inception was -16.56%, smaller than the maximum SQLV drawdown of -48.34%. Use the drawdown chart below to compare losses from any high point for GQI and SQLV.

Drawdown Indicators

	GQI	SQLV	Difference
Max Drawdown Largest peak-to-trough decline	-16.56%	-48.34%	+31.78%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-8.84%	+1.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.86%	—
Current Drawdown Current decline from peak	-0.37%	-0.84%	+0.47%
Average Drawdown Average peak-to-trough decline	-1.61%	-8.79%	+7.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	2.81%	-1.47%

Volatility

GQI vs. SQLV - Volatility Comparison

The current volatility for Natixis Gateway Quality Income ETF (GQI) is 2.77%, while Royce Quant Small-Cap Quality Value ETF (SQLV) has a volatility of 5.16%. This indicates that GQI experiences smaller price fluctuations and is considered to be less risky than SQLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQI	SQLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	5.16%	-2.39%
Volatility (6M) Calculated over the trailing 6-month period	7.71%	11.81%	-4.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.82%	17.25%	-7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	20.92%	-7.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.00%	23.25%	-10.25%

GQI vs. SQLV - Expense Ratio Comparison

GQI has a 0.34% expense ratio, which is lower than SQLV's 0.60% expense ratio.

Dividends

GQI vs. SQLV - Dividend Comparison

GQI's dividend yield for the trailing twelve months is around 8.64%, more than SQLV's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GQI Natixis Gateway Quality Income ETF	8.64%	8.97%	7.77%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SQLV Royce Quant Small-Cap Quality Value ETF	0.92%	1.15%	1.11%	1.09%	1.24%	1.12%	1.22%	1.20%	1.08%	0.40%

Frequently Asked Questions

Can I hold both GQI and SQLV in my portfolio?

GQI and SQLV have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GQI or SQLV?

SQLV has higher volatility (5.16%) compared to GQI (2.77%). In terms of maximum drawdown, GQI dropped -16.56% vs SQLV's -48.34%.

Which ETF is better, GQI or SQLV?

On 1-year performance, SQLV leads with 37.86% vs 22.52% for GQI. On fees, GQI is cheaper at 0.34% per year. On volatility, GQI has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GQI or SQLV?

Over the 1-year period, SQLV has performed better with a 37.86% return vs 22.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GQI or SQLV?

GQI is cheaper with a 0.34% expense ratio, compared with 0.60% for SQLV.

Which ETF pays a higher dividend yield, GQI or SQLV?

GQI has the higher dividend yield at 8.64%, compared with 0.92% for SQLV.

What is the main difference between GQI and SQLV?

They also come from different issuers: Natixis and Franklin Templeton. Their fees differ too: 0.34% for GQI and 0.60% for SQLV.

Which has better risk-adjusted returns?

GQI currently has the higher Sharpe Ratio (2.31 vs 2.21), 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.