IWL vs. QUAL
Compare and contrast key facts about iShares Russell Top 200 ETF (IWL) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
IWL and QUAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWL is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Index. It was launched on Sep 22, 2009. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013. Both IWL and QUAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWL or QUAL.
Key characteristics
| IWL | QUAL | |
|---|---|---|
| YTD Return | 20.13% | 20.69% |
| 1Y Return | 27.67% | 29.50% |
| 3Y Return (Ann) | 10.30% | 10.05% |
| 5Y Return (Ann) | 16.20% | 15.29% |
| 10Y Return (Ann) | 13.60% | 13.22% |
| Sharpe Ratio | 2.18 | 2.28 |
| Daily Std Dev | 13.20% | 13.29% |
| Max Drawdown | -32.71% | -34.06% |
| Current Drawdown | -0.94% | -0.54% |
Correlation
The correlation between IWL and QUAL is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IWL vs. QUAL - Performance Comparison
The year-to-date returns for both investments are quite close, with IWL having a 20.13% return and QUAL slightly higher at 20.69%. Both investments have delivered pretty close results over the past 10 years, with IWL having a 13.60% annualized return and QUAL not far behind at 13.22%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IWL vs. QUAL - Expense Ratio Comparison
Both IWL and QUAL have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
IWL vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 ETF (IWL) and iShares Edge 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.
Dividends
IWL vs. QUAL - Dividend Comparison
IWL's dividend yield for the trailing twelve months is around 1.08%, more than QUAL's 1.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWL iShares Russell Top 200 ETF | 1.08% | 1.30% | 1.54% | 1.12% | 1.30% | 1.96% | 1.93% | 1.69% | 1.96% | 2.14% | 1.68% | 1.82% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 1.00% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% | 0.63% |
Drawdowns
IWL vs. QUAL - Drawdown Comparison
The maximum IWL drawdown since its inception was -32.71%, roughly equal to the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for IWL and QUAL. For additional features, visit the drawdowns tool.
Volatility
IWL vs. QUAL - Volatility Comparison
iShares Russell Top 200 ETF (IWL) has a higher volatility of 4.55% compared to iShares Edge MSCI USA Quality Factor ETF (QUAL) at 4.11%. This indicates that IWL'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.