QAT vs. SJM

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Qatar ETF (QAT) and The J. M. Smucker Company (SJM).

QAT is a passively managed fund by iShares that tracks the performance of the MSCI All Qatar Capped Index. It was launched on Apr 29, 2014.

Performance

QAT vs. SJM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Qatar ETF (QAT) and The J. M. Smucker Company (SJM). The values are adjusted to include any dividend payments, if applicable.

QAT vs. SJM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QAT iShares MSCI Qatar ETF	-1.16%	8.81%	5.20%	2.72%	-7.23%	14.42%	6.94%	-0.44%	20.03%	-11.66%
SJM The J. M. Smucker Company	-0.41%	-7.56%	-9.61%	-17.79%	20.06%	21.05%	14.50%	14.90%	-22.58%	-0.49%

Returns By Period

In the year-to-date period, QAT achieves a -1.16% return, which is significantly lower than SJM's -0.41% return. Over the past 10 years, QAT has outperformed SJM with an annualized return of 3.21%, while SJM has yielded a comparatively lower -0.11% annualized return.

QAT

• 1D: 2.22%
• 1M: -4.42%
• YTD: -1.16%
• 6M: -3.61%
• 1Y: 8.10%
• 3Y*: 5.46%
• 5Y*: 3.59%
• 10Y*: 3.21%

SJM

• 1D: 1.33%
• 1M: -16.83%
• YTD: -0.41%
• 6M: -9.40%
• 1Y: -15.27%
• 3Y*: -11.89%
• 5Y*: -2.02%
• 10Y*: -0.11%

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

Return for Risk

QAT vs. SJM — Risk / Return Rank

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

QAT

QAT Risk / Return Rank: 31
QAT Sharpe Ratio Rank: 34
QAT Sortino Ratio Rank: 31
QAT Omega Ratio Rank: 32
QAT Calmar Ratio Rank: 34
QAT Martin Ratio Rank: 25

SJM

SJM Risk / Return Rank: 17
SJM Sharpe Ratio Rank: 19
SJM Sortino Ratio Rank: 19
SJM Omega Ratio Rank: 19
SJM Calmar Ratio Rank: 18
SJM Martin Ratio Rank: 12

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.

QAT vs. SJM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Qatar ETF (QAT) and The J. M. Smucker Company (SJM). 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.

	QAT	SJM	Difference
Sharpe ratio Return per unit of total volatility	0.62	-0.51	+1.13
Sortino ratio Return per unit of downside risk	0.86	-0.52	+1.38
Omega ratio Gain probability vs. loss probability	1.13	0.93	+0.20
Calmar ratio Return relative to maximum drawdown	0.82	-0.70	+1.52
Martin ratio Return relative to average drawdown	1.80	-1.43	+3.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QAT vs. SJM - Sharpe Ratio Comparison

The current QAT Sharpe Ratio is 0.62, which is higher than the SJM Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of QAT and SJM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QAT	SJM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	-0.51	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	-0.09	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	-0.00	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.30	-0.24

Correlation

The correlation between QAT and SJM is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QAT vs. SJM - Dividend Comparison

QAT's dividend yield for the trailing twelve months is around 3.55%, less than SJM's 4.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QAT iShares MSCI Qatar ETF	3.55%	3.51%	5.90%	3.92%	4.78%	2.33%	2.63%	3.57%	4.63%	4.10%	3.51%	4.49%
SJM The J. M. Smucker Company	4.54%	4.46%	3.89%	3.29%	2.54%	2.78%	3.08%	3.32%	3.49%	2.46%	2.22%	2.12%

Drawdowns

QAT vs. SJM - Drawdown Comparison

The maximum QAT drawdown since its inception was -45.21%, roughly equal to the maximum SJM drawdown of -45.67%. Use the drawdown chart below to compare losses from any high point for QAT and SJM.

Drawdown Indicators

	QAT	SJM	Difference
Max Drawdown Largest peak-to-trough decline	-45.21%	-45.67%	+0.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	-19.57%	+8.97%
Max Drawdown (5Y) Largest decline over 5 years	-33.17%	-36.66%	+3.49%
Max Drawdown (10Y) Largest decline over 10 years	-34.04%	-36.71%	+2.67%
Current Drawdown Current decline from peak	-13.45%	-33.34%	+19.89%
Average Drawdown Average peak-to-trough decline	-19.29%	-13.37%	-5.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.81%	9.61%	-4.80%

Volatility

QAT vs. SJM - Volatility Comparison

The current volatility for iShares MSCI Qatar ETF (QAT) is 5.05%, while The J. M. Smucker Company (SJM) has a volatility of 5.42%. This indicates that QAT experiences smaller price fluctuations and is considered to be less risky than SJM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QAT	SJM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	5.42%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	18.25%	-9.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	29.95%	-16.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	23.60%	-8.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.60%	24.24%	-6.64%