QAT vs. SJM
QAT (iShares MSCI Qatar ETF) is Emerging Markets Equities fund tracking the MSCI All Qatar Capped Index, while SJM (The J. M. Smucker Company) is a stock. Over the past 10 years, QAT returned 4.48%/yr vs 0.08%/yr for SJM. At a 0.08 correlation, their price movements are largely independent.
Performance
QAT vs. SJM - Performance Comparison
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Returns By Period
In the year-to-date period, QAT achieves a 1.40% return, which is significantly lower than SJM's 11.92% return. Over the past 10 years, QAT has outperformed SJM with an annualized return of 4.48%, while SJM has yielded a comparatively lower 0.08% annualized return.
QAT
- 1D
- -0.63%
- 1M
- 2.48%
- YTD
- 1.40%
- 6M
- 1.29%
- 1Y
- 8.99%
- 3Y*
- 5.98%
- 5Y*
- 3.69%
- 10Y*
- 4.48%
SJM
- 1D
- -3.31%
- 1M
- 3.71%
- YTD
- 11.92%
- 6M
- 10.40%
- 1Y
- 15.21%
- 3Y*
- -7.18%
- 5Y*
- -0.28%
- 10Y*
- 0.08%
QAT vs. SJM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QAT iShares MSCI Qatar ETF | 1.40% | 8.81% | 5.20% | 2.72% | -7.23% | 14.42% | 6.94% | -0.44% | 20.03% | -11.66% |
SJM The J. M. Smucker Company | 11.92% | -7.56% | -9.61% | -17.79% | 20.06% | 21.05% | 14.50% | 14.90% | -22.58% | -0.49% |
Correlation
The correlation between QAT and SJM is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 1, 2014 | 0.08 |
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Return for Risk
QAT vs. SJM — Risk / Return Rank
QAT
SJM
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.
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.
| QAT | SJM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.12 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.67 | +0.18 |
| Martin ratioReturn relative to average drawdown | 1.57 | 1.62 | -0.06 |
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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.
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Drawdown Indicators
| QAT | SJM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.21% | -45.67% | +0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.60% | -22.82% | +12.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.41% | -35.16% | +17.75% |
Max Drawdown (5Y)Largest decline over 5 years | -33.17% | -38.11% | +4.94% |
Max Drawdown (10Y)Largest decline over 10 years | -34.04% | -38.11% | +4.07% |
Current DrawdownCurrent decline from peak | -11.21% | -25.08% | +13.87% |
Average DrawdownAverage peak-to-trough decline | -19.15% | -13.48% | -5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.74% | 9.38% | -3.64% |
Volatility
QAT vs. SJM - Volatility Comparison
The current volatility for iShares MSCI Qatar ETF (QAT) is 5.69%, while The J. M. Smucker Company (SJM) has a volatility of 12.92%. 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.
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Volatility by Period
| QAT | SJM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 12.92% | -7.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 21.20% | -10.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 28.03% | -14.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.07% | 24.38% | -9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 24.51% | -6.95% |
Dividends
QAT vs. SJM - Dividend Comparison
QAT's dividend yield for the trailing twelve months is around 4.61%, more than SJM's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QAT iShares MSCI Qatar ETF | 4.61% | 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 | 4.10% | 4.46% | 3.89% | 3.29% | 2.54% | 2.78% | 3.08% | 3.32% | 3.49% | 2.46% | 2.22% | 2.12% |
Frequently Asked Questions
QAT and SJM have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SJM has higher volatility (12.92%) compared to QAT (5.69%). In terms of maximum drawdown, QAT dropped -45.21% vs SJM's -45.67%.
QAT currently has the higher Sharpe Ratio (0.68 vs 0.55), 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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