IQLT vs. ADIV

Last updated Jun 9, 2026

IQLT (iShares MSCI Intl Quality Factor ETF) and ADIV (SmartETFs Asia Pacific Dividend Builder ETF) are both exchange-traded funds - IQLT is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Sector Neutral Quality Index (Net), while ADIV is a Asia Pacific Equities fund actively managed by Guinness Atkinson Asset Management. IQLT is passively managed, while ADIV is actively managed. Over the past 5 years, IQLT returned 6.84%/yr vs 5.91%/yr for ADIV. A 0.75 correlation means they provide meaningful diversification when combined. IQLT charges 0.30%/yr vs 0.78%/yr for ADIV.

Performance

IQLT vs. ADIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Quality Factor ETF (IQLT) and SmartETFs Asia Pacific Dividend Builder ETF (ADIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQLT achieves a 6.95% return, which is significantly higher than ADIV's 4.50% return.

IQLT

• 1D: 0.87%
• 1M: -1.86%
• YTD: 6.95%
• 6M: 9.15%
• 1Y: 15.00%
• 3Y*: 13.81%
• 5Y*: 6.84%
• 10Y*: 9.47%

ADIV

• 1D: 0.43%
• 1M: -2.41%
• YTD: 4.50%
• 6M: 4.87%
• 1Y: 14.36%
• 3Y*: 15.97%
• 5Y*: 5.91%
• 10Y*: —

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

IQLT vs. ADIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IQLT iShares MSCI Intl Quality Factor ETF	6.95%	25.42%	1.54%	18.73%	-15.22%	10.07%
ADIV SmartETFs Asia Pacific Dividend Builder ETF	4.50%	21.86%	14.47%	12.28%	-18.00%	1.50%

Correlation

The correlation between IQLT and ADIV is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021	0.75

The correlation between IQLT and ADIV has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.

IQLT vs. ADIV - Sectors Allocation Comparison

Sectors	IQLT	ADIV
Financial Services	24.3%	32.4%
Industrials	17.3%	2.4%
Technology	11.6%	25.5%
Healthcare	9.8%	5.6%
Consumer Cyclical	8.1%	16.3%
Basic Materials	7.2%	-
Consumer Defensive	6.0%	4.7%
Energy	5.9%	-
Communication Services	4.3%	2.7%
Utilities	3.8%	2.5%
Real Estate	1.6%	7.9%

Return for Risk

IQLT vs. ADIV — Risk / Return Rank

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

IQLT

IQLT Risk / Return Rank: 32
IQLT Sharpe Ratio Rank: 31
IQLT Sortino Ratio Rank: 31
IQLT Omega Ratio Rank: 29
IQLT Calmar Ratio Rank: 32
IQLT Martin Ratio Rank: 39

ADIV

ADIV Risk / Return Rank: 32
ADIV Sharpe Ratio Rank: 32
ADIV Sortino Ratio Rank: 31
ADIV Omega Ratio Rank: 31
ADIV Calmar Ratio Rank: 32
ADIV Martin Ratio Rank: 34

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.

IQLT vs. ADIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Quality Factor ETF (IQLT) and SmartETFs Asia Pacific Dividend Builder ETF (ADIV). 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.

	IQLT	ADIV	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.04	-0.01
Sortino ratio: Return per unit of downside risk	1.52	1.50	+0.02
Omega ratio: Gain probability vs. loss probability	1.18	1.19	-0.01
Calmar ratio: Return relative to maximum drawdown	1.45	1.42	+0.03
Martin ratio: Return relative to average drawdown	5.50	4.66	+0.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IQLT vs. ADIV - Sharpe Ratio Comparison

The current IQLT Sharpe Ratio is 1.03, which is comparable to the ADIV Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of IQLT and ADIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IQLT	ADIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.04	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.36	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.38	+0.11

Drawdowns

IQLT vs. ADIV - Drawdown Comparison

The maximum IQLT drawdown since its inception was -32.21%, roughly equal to the maximum ADIV drawdown of -31.55%. Use the drawdown chart below to compare losses from any high point for IQLT and ADIV.

Drawdown Indicators

	IQLT	ADIV	Difference
Max Drawdown Largest peak-to-trough decline	-32.21%	-31.55%	-0.66%
Max Drawdown (1Y) Largest decline over 1 year	-10.38%	-10.15%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-13.18%	-18.53%	+5.35%
Max Drawdown (5Y) Largest decline over 5 years	-30.24%	-31.55%	+1.31%
Max Drawdown (10Y) Largest decline over 10 years	-32.21%	—	—
Current Drawdown Current decline from peak	-2.64%	-4.40%	+1.76%
Average Drawdown Average peak-to-trough decline	-6.22%	-8.44%	+2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	3.09%	-0.36%

Volatility

IQLT vs. ADIV - Volatility Comparison

The current volatility for iShares MSCI Intl Quality Factor ETF (IQLT) is 4.50%, while SmartETFs Asia Pacific Dividend Builder ETF (ADIV) has a volatility of 5.13%. This indicates that IQLT experiences smaller price fluctuations and is considered to be less risky than ADIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQLT	ADIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	5.13%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	12.35%	11.02%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	13.87%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	16.54%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	16.41%	+0.59%

IQLT vs. ADIV - Expense Ratio Comparison

IQLT has a 0.30% expense ratio, which is lower than ADIV's 0.78% expense ratio.

Dividends

IQLT vs. ADIV - Dividend Comparison

IQLT's dividend yield for the trailing twelve months is around 2.18%, less than ADIV's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADIV SmartETFs Asia Pacific Dividend Builder ETF	2.88%	2.77%	4.83%	4.55%	2.98%	13.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IQLT iShares MSCI Intl Quality Factor ETF	2.18%	2.33%	2.87%	2.27%	3.14%	2.24%	1.61%	2.28%	2.72%	2.36%	2.91%	2.78%

Frequently Asked Questions

Can I hold both IQLT and ADIV in my portfolio?

IQLT and ADIV have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQLT or ADIV?

ADIV has higher volatility (5.13%) compared to IQLT (4.50%). In terms of maximum drawdown, IQLT dropped -32.21% vs ADIV's -31.55%.

Which ETF is better, IQLT or ADIV?

On 5-year performance, IQLT leads with 6.84% vs 5.91% for ADIV. On fees, IQLT is cheaper at 0.30% per year. On volatility, IQLT has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQLT or ADIV?

Over the 5-year period, IQLT has performed better with a 6.84% return vs 5.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQLT or ADIV?

IQLT is cheaper with a 0.30% expense ratio, compared with 0.78% for ADIV.

Which ETF pays a higher dividend yield, IQLT or ADIV?

ADIV has the higher dividend yield at 2.88%, compared with 2.18% for IQLT.

What is the main difference between IQLT and ADIV?

IQLT is categorized as Foreign Large Cap Equities, while ADIV is Asia Pacific Equities. They also come from different issuers: iShares and Guinness Atkinson Asset Management. Their fees differ too: 0.30% for IQLT and 0.78% for ADIV.

Which has better risk-adjusted returns?

ADIV currently has the higher Sharpe Ratio (1.04 vs 1.03), 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.