QDEF vs. SEIV

Last updated Apr 1, 2026

Compare and contrast key facts about FlexShares Quality Dividend Defensive Index Fund (QDEF) and SEI Enhanced US Large Cap Value Factor ETF (SEIV).

QDEF and SEIV 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 FlexShares that tracks the performance of the Northern Trust Quality Dividend Defensive Index. It was launched on Dec 14, 2012. SEIV is an actively managed fund by SEI. It was launched on May 16, 2022.

Performance

QDEF vs. SEIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Quality Dividend Defensive Index Fund (QDEF) and SEI Enhanced US Large Cap Value Factor ETF (SEIV). The values are adjusted to include any dividend payments, if applicable.

QDEF vs. SEIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QDEF FlexShares Quality Dividend Defensive Index Fund	-1.16%	17.43%	21.19%	17.48%	1.54%
SEIV SEI Enhanced US Large Cap Value Factor ETF	0.14%	27.43%	19.73%	21.90%	-3.71%

Returns By Period

In the year-to-date period, QDEF achieves a -1.16% return, which is significantly lower than SEIV's 0.14% return.

QDEF

• 1D: 2.06%
• 1M: -4.61%
• YTD: -1.16%
• 6M: 0.72%
• 1Y: 16.27%
• 3Y*: 16.97%
• 5Y*: 11.45%
• 10Y*: 11.40%

SEIV

• 1D: 2.44%
• 1M: -3.28%
• YTD: 0.14%
• 6M: 7.66%
• 1Y: 30.20%
• 3Y*: 22.09%
• 5Y*: —
• 10Y*: —

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

QDEF vs. SEIV - Expense Ratio Comparison

QDEF has a 0.37% expense ratio, which is higher than SEIV's 0.15% expense ratio.

QDEF

FlexShares Quality Dividend Defensive Index Fund

SEIV

SEI Enhanced US Large Cap Value Factor ETF

Return for Risk

QDEF vs. SEIV — Risk / Return Rank

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

QDEF

QDEF Risk / Return Rank: 68
QDEF Sharpe Ratio Rank: 65
QDEF Sortino Ratio Rank: 66
QDEF Omega Ratio Rank: 69
QDEF Calmar Ratio Rank: 64
QDEF Martin Ratio Rank: 76

SEIV

SEIV Risk / Return Rank: 87
SEIV Sharpe Ratio Rank: 85
SEIV Sortino Ratio Rank: 87
SEIV Omega Ratio Rank: 89
SEIV Calmar Ratio Rank: 84
SEIV Martin Ratio Rank: 91

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.

QDEF vs. SEIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Quality Dividend Defensive Index Fund (QDEF) and SEI Enhanced US Large Cap Value Factor ETF (SEIV). 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.

	QDEF	SEIV	Difference
Sharpe ratio Return per unit of total volatility	1.11	1.66	-0.55
Sortino ratio Return per unit of downside risk	1.64	2.33	-0.69
Omega ratio Gain probability vs. loss probability	1.25	1.36	-0.11
Calmar ratio Return relative to maximum drawdown	1.57	2.42	-0.85
Martin ratio Return relative to average drawdown	7.90	12.08	-4.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDEF vs. SEIV - Sharpe Ratio Comparison

The current QDEF Sharpe Ratio is 1.11, which is lower than the SEIV Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of QDEF and SEIV, 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

	QDEF	SEIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	1.66	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.98	-0.18

Correlation

The correlation between QDEF and SEIV is 0.90, 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.

Dividends

QDEF vs. SEIV - Dividend Comparison

QDEF's dividend yield for the trailing twelve months is around 1.75%, more than SEIV's 1.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QDEF FlexShares Quality Dividend Defensive Index Fund	1.75%	1.74%	1.85%	2.21%	2.42%	1.84%	2.50%	3.17%	7.10%	2.70%	2.90%	3.00%
SEIV SEI Enhanced US Large Cap Value Factor ETF	1.51%	1.51%	1.66%	2.08%	1.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

QDEF vs. SEIV - Drawdown Comparison

The maximum QDEF drawdown since its inception was -35.74%, which is greater than SEIV's maximum drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for QDEF and SEIV.

Drawdown Indicators

	QDEF	SEIV	Difference
Max Drawdown Largest peak-to-trough decline	-35.74%	-18.18%	-17.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-12.82%	+1.79%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.74%	—	—
Current Drawdown Current decline from peak	-5.04%	-4.68%	-0.36%
Average Drawdown Average peak-to-trough decline	-3.33%	-3.60%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.57%	-0.38%

Volatility

QDEF vs. SEIV - Volatility Comparison

The current volatility for FlexShares Quality Dividend Defensive Index Fund (QDEF) is 3.96%, while SEI Enhanced US Large Cap Value Factor ETF (SEIV) has a volatility of 4.49%. This indicates that QDEF experiences smaller price fluctuations and is considered to be less risky than SEIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDEF	SEIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	4.49%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	9.49%	-1.91%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	18.25%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.83%	16.82%	-2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	16.82%	-0.64%