HALO vs. QUAL
HALO (Halozyme Therapeutics, Inc.) 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 10 years, HALO returned 23.98%/yr vs 14.11%/yr for QUAL. At a 0.41 correlation, their price movements are largely independent.
Performance
HALO vs. QUAL - Performance Comparison
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Returns By Period
In the year-to-date period, HALO achieves a 13.09% return, which is significantly higher than QUAL's 10.52% return. Over the past 10 years, HALO has outperformed QUAL with an annualized return of 23.98%, while QUAL has yielded a comparatively lower 14.11% annualized return.
HALO
- 1D
- -0.12%
- 1M
- 9.51%
- 6M
- 5.10%
- YTD
- 13.09%
- 1Y
- 33.18%
- 3Y*
- 25.81%
- 5Y*
- 11.35%
- 10Y*
- 23.98%
QUAL
- 1D
- -0.47%
- 1M
- 0.98%
- 6M
- 7.48%
- YTD
- 10.52%
- 1Y
- 20.05%
- 3Y*
- 18.03%
- 5Y*
- 11.34%
- 10Y*
- 14.11%
HALO vs. QUAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HALO Halozyme Therapeutics, Inc. | 13.09% | 40.77% | 29.36% | -35.04% | 41.51% | -5.85% | 140.89% | 21.19% | -27.79% | 105.06% |
QUAL iShares MSCI USA Quality Factor ETF | 10.52% | 12.65% | 22.29% | 30.88% | -20.50% | 26.94% | 17.04% | 33.89% | -5.70% | 22.26% |
Correlation
The correlation between HALO and QUAL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2013 | 0.41 |
The correlation between HALO and QUAL shifts across timeframes, from 0.26 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HALO vs. QUAL — Risk / Return Rank
HALO
QUAL
HALO vs. QUAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Halozyme Therapeutics, Inc. (HALO) 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.
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.
| HALO | QUAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.23 | -0.85 |
| Martin ratioReturn relative to average drawdown | 2.56 | 10.02 | -7.46 |
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Drawdowns
HALO vs. QUAL - Drawdown Comparison
The maximum HALO drawdown since its inception was -74.26%, which is greater than QUAL's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for HALO and QUAL.
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Drawdown Indicators
| HALO | QUAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.26% | -34.06% | -40.20% |
Max Drawdown (1Y)Largest decline over 1 year | -24.13% | -9.03% | -15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -33.92% | -18.00% | -15.92% |
Max Drawdown (5Y)Largest decline over 5 years | -49.06% | -28.23% | -20.83% |
Max Drawdown (10Y)Largest decline over 10 years | -49.06% | -34.06% | -15.00% |
Current DrawdownCurrent decline from peak | -6.69% | -0.47% | -6.22% |
Average DrawdownAverage peak-to-trough decline | -31.80% | -4.08% | -27.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.99% | 2.01% | +10.98% |
Volatility
HALO vs. QUAL - Volatility Comparison
Halozyme Therapeutics, Inc. (HALO) has a higher volatility of 9.06% compared to iShares MSCI USA Quality Factor ETF (QUAL) at 3.87%. This indicates that HALO'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
| HALO | QUAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.06% | 3.87% | +5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 23.95% | 9.72% | +14.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.88% | 12.17% | +18.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.47% | 17.39% | +22.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.53% | 18.08% | +24.45% |
Dividends
HALO vs. QUAL - Dividend Comparison
HALO has not paid dividends to shareholders, while QUAL's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HALO Halozyme Therapeutics, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QUAL iShares MSCI USA Quality Factor ETF | 0.86% | 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
HALO and QUAL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HALO has higher volatility (9.06%) compared to QUAL (3.87%). In terms of maximum drawdown, HALO dropped -74.26% vs QUAL's -34.06%.
QUAL currently has the higher Sharpe Ratio (1.66 vs 1.08), 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.
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