IQLT vs. CIL

Last updated Jun 3, 2026

IQLT (iShares MSCI Intl Quality Factor ETF) and CIL (VictoryShares International Volatility Wtd ETF) are both Foreign Large Cap Equities funds - IQLT tracks the MSCI World ex USA Sector Neutral Quality Index (Net) while CIL tracks the Nasdaq Victory International 500 Volatility Weighted Index. Both are passively managed. Over the past 10 years, IQLT returned 9.41%/yr vs 8.21%/yr for CIL. A 0.71 correlation means they provide meaningful diversification when combined. IQLT charges 0.30%/yr vs 0.45%/yr for CIL.

Performance

IQLT vs. CIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Quality Factor ETF (IQLT) and VictoryShares International Volatility Wtd ETF (CIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQLT achieves a 8.54% return, which is significantly higher than CIL's 5.44% return. Over the past 10 years, IQLT has outperformed CIL with an annualized return of 9.41%, while CIL has yielded a comparatively lower 8.21% annualized return.

IQLT

• 1D: 0.61%
• 1M: 1.21%
• YTD: 8.54%
• 6M: 11.18%
• 1Y: 16.76%
• 3Y*: 14.30%
• 5Y*: 7.38%
• 10Y*: 9.41%

CIL

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.44%
• 6M: 8.27%
• 1Y: 16.20%
• 3Y*: 15.59%
• 5Y*: 7.45%
• 10Y*: 8.21%

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

IQLT vs. CIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IQLT iShares MSCI Intl Quality Factor ETF	8.54%	25.42%	1.54%	18.73%	-15.22%	12.94%	12.48%	28.18%	-10.76%	24.04%
CIL VictoryShares International Volatility Wtd ETF	5.44%	32.99%	3.76%	16.29%	-16.00%	11.07%	7.21%	19.13%	-13.34%	27.67%

Correlation

The correlation between IQLT and CIL is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Aug 21, 2015	0.71

The correlation between IQLT and CIL shifts across timeframes, from 0.68 (1 year) to 0.86 (3 years), reflecting how their relationship changes across market environments.

IQLT vs. CIL - Sectors Allocation Comparison

Sectors	IQLT	CIL
Financial Services	24.3%	24.8%
Industrials	17.3%	18.4%
Technology	11.6%	6.4%
Healthcare	9.8%	7.7%
Consumer Cyclical	8.1%	8.2%
Basic Materials	7.2%	6.6%
Consumer Defensive	6.0%	8.8%
Energy	5.9%	4.6%
Communication Services	4.3%	5.8%
Utilities	3.8%	6.6%
Real Estate	1.6%	2.2%

Return for Risk

IQLT vs. CIL — Risk / Return Rank

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

IQLT

IQLT Risk / Return Rank: 34
IQLT Sharpe Ratio Rank: 32
IQLT Sortino Ratio Rank: 32
IQLT Omega Ratio Rank: 31
IQLT Calmar Ratio Rank: 35
IQLT Martin Ratio Rank: 41

CIL

CIL Risk / Return Rank: 73
CIL Sharpe Ratio Rank: 61
CIL Sortino Ratio Rank: 62
CIL Omega Ratio Rank: 73
CIL Calmar Ratio Rank: 81
CIL Martin Ratio Rank: 86

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. CIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Quality Factor ETF (IQLT) and VictoryShares International Volatility Wtd ETF (CIL). 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	CIL	Difference
Sharpe ratio Return per unit of total volatility	1.17	2.07	-0.90
Sortino ratio Return per unit of downside risk	1.72	2.96	-1.24
Omega ratio Gain probability vs. loss probability	1.21	1.45	-0.24
Calmar ratio Return relative to maximum drawdown	1.74	4.32	-2.58
Martin ratio Return relative to average drawdown	6.63	18.62	-11.99
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. CIL - Sharpe Ratio Comparison

The current IQLT Sharpe Ratio is 1.17, which is lower than the CIL Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of IQLT and CIL, 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	CIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	2.07	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.46	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.48	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.43	+0.06

Drawdowns

IQLT vs. CIL - Drawdown Comparison

The maximum IQLT drawdown since its inception was -32.21%, smaller than the maximum CIL drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for IQLT and CIL.

Drawdown Indicators

	IQLT	CIL	Difference
Max Drawdown Largest peak-to-trough decline	-32.21%	-36.27%	+4.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.38%	-4.60%	-5.78%
Max Drawdown (3Y) Largest decline over 3 years	-13.18%	-11.96%	-1.22%
Max Drawdown (5Y) Largest decline over 5 years	-30.24%	-29.89%	-0.35%
Max Drawdown (10Y) Largest decline over 10 years	-32.21%	-36.27%	+4.06%
Current Drawdown Current decline from peak	-1.20%	-0.58%	-0.62%
Average Drawdown Average peak-to-trough decline	-6.22%	-6.56%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	1.07%	+1.65%

Volatility

IQLT vs. CIL - Volatility Comparison

iShares MSCI Intl Quality Factor ETF (IQLT) has a higher volatility of 4.99% compared to VictoryShares International Volatility Wtd ETF (CIL) at 0.00%. This indicates that IQLT's price experiences larger fluctuations and is considered to be riskier than CIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQLT	CIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	0.00%	+4.99%
Volatility (6M) Calculated over the trailing 6-month period	11.98%	4.42%	+7.56%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	8.26%	+6.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	16.49%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	17.18%	-0.20%

IQLT vs. CIL - Expense Ratio Comparison

IQLT has a 0.30% expense ratio, which is lower than CIL's 0.45% expense ratio.

Dividends

IQLT vs. CIL - Dividend Comparison

IQLT's dividend yield for the trailing twelve months is around 2.14%, more than CIL's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIL VictoryShares International Volatility Wtd ETF	1.67%	2.70%	3.46%	2.91%	2.41%	3.04%	1.73%	2.69%	2.85%	2.17%	2.34%	0.43%
IQLT iShares MSCI Intl Quality Factor ETF	2.14%	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 CIL in my portfolio?

IQLT and CIL have a correlation of 0.68, 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 CIL?

IQLT has higher volatility (4.99%) compared to CIL (0.00%). In terms of maximum drawdown, IQLT dropped -32.21% vs CIL's -36.27%.

Which ETF is better, IQLT or CIL?

On 10-year performance, IQLT leads with 9.41% vs 8.21% for CIL. On fees, IQLT is cheaper at 0.30% per year. On volatility, CIL has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQLT or CIL?

Over the 10-year period, IQLT has performed better with a 9.41% return vs 8.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQLT or CIL?

IQLT is cheaper with a 0.30% expense ratio, compared with 0.45% for CIL.

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

IQLT has the higher dividend yield at 2.14%, compared with 1.67% for CIL.

What is the main difference between IQLT and CIL?

IQLT tracks MSCI World ex USA Sector Neutral Quality Index (Net), while CIL tracks Nasdaq Victory International 500 Volatility Weighted Index. They also come from different issuers: iShares and Crestview. Their fees differ too: 0.30% for IQLT and 0.45% for CIL.

Which has better risk-adjusted returns?

CIL currently has the higher Sharpe Ratio (2.07 vs 1.17), 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.