QDEF vs. QDF
Compare and contrast key facts about FlexShares Quality Dividend Defensive Index Fund (QDEF) and FlexShares Quality Dividend Index Fund (QDF).
QDEF and QDF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDEF is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Dividend Defensive Index. It was launched on Dec 14, 2012. QDF is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Dividend Index. It was launched on Dec 14, 2012. Both QDEF and QDF 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: QDEF or QDF.
Key characteristics
| QDEF | QDF | |
|---|---|---|
| YTD Return | 4.44% | 2.13% |
| 1Y Return | 18.08% | 18.56% |
| 3Y Return (Ann) | 7.38% | 6.47% |
| 5Y Return (Ann) | 8.93% | 9.20% |
| 10Y Return (Ann) | 9.76% | 9.35% |
| Sharpe Ratio | 1.71 | 1.52 |
| Daily Std Dev | 10.25% | 11.71% |
| Max Drawdown | -35.74% | -36.67% |
| Current Drawdown | -4.22% | -4.95% |
Correlation
The correlation between QDEF and QDF 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
QDEF vs. QDF - Performance Comparison
In the year-to-date period, QDEF achieves a 4.44% return, which is significantly higher than QDF's 2.13% return. Both investments have delivered pretty close results over the past 10 years, with QDEF having a 9.76% annualized return and QDF not far behind at 9.35%. 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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QDEF vs. QDF - Expense Ratio Comparison
Both QDEF and QDF have an expense ratio of 0.37%.
Risk-Adjusted Performance
QDEF vs. QDF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Quality Dividend Defensive Index Fund (QDEF) and FlexShares Quality Dividend Index Fund (QDF). 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
QDEF vs. QDF - Dividend Comparison
QDEF's dividend yield for the trailing twelve months is around 2.11%, which matches QDF's 2.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDEF FlexShares Quality Dividend Defensive Index Fund | 2.11% | 2.21% | 2.42% | 1.84% | 2.50% | 3.17% | 7.10% | 2.70% | 2.90% | 3.00% | 2.52% | 2.12% |
QDF FlexShares Quality Dividend Index Fund | 2.12% | 2.19% | 2.45% | 1.90% | 2.38% | 3.05% | 4.29% | 2.70% | 3.07% | 3.04% | 2.70% | 2.08% |
Drawdowns
QDEF vs. QDF - Drawdown Comparison
The maximum QDEF drawdown since its inception was -35.74%, roughly equal to the maximum QDF drawdown of -36.67%. Use the drawdown chart below to compare losses from any high point for QDEF and QDF. For additional features, visit the drawdowns tool.
Volatility
QDEF vs. QDF - Volatility Comparison
The current volatility for FlexShares Quality Dividend Defensive Index Fund (QDEF) is 3.17%, while FlexShares Quality Dividend Index Fund (QDF) has a volatility of 3.63%. This indicates that QDEF experiences smaller price fluctuations and is considered to be less risky than QDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.