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QDF vs. JQUA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QDF vs. JQUA

Last updated Aug 2, 2026
Documentation

QDF (FlexShares Quality Dividend Index Fund) and JQUA (JPMorgan U.S. Quality Factor ETF) are both Quality Factor funds - QDF tracks the Northern Trust Quality Dividend Index while JQUA tracks the JP Morgan US Quality Factor Index. Both are passively managed. Over the past 5 years, QDF returned 11.93%/yr vs 12.89%/yr for JQUA. Their correlation of 0.88 means they have usually moved in the same direction. QDF charges 0.37%/yr vs 0.12%/yr for JQUA.

Performance

QDF vs. JQUA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Quality Dividend Index Fund (QDF) and JPMorgan U.S. Quality Factor ETF (JQUA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QDF achieves a 12.96% return, which is significantly lower than JQUA's 14.93% return.

QDF

1D
-0.15%
1M
1.30%
6M
10.89%
YTD
12.96%
1Y
24.58%
3Y*
16.91%
5Y*
11.93%
10Y*
12.04%
ALL TIME*
12.68%

JQUA

1D
0.08%
1M
0.33%
6M
13.64%
YTD
14.93%
1Y
22.21%
3Y*
18.11%
5Y*
12.89%
10Y*
—
ALL TIME*
14.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

JQUA

JPMorgan U.S. Quality Factor ETF
$26.79M$28.22M$36.46M

QDF

FlexShares Quality Dividend Index Fund
$1.70M$2.15M$2.21M

QDF vs. JQUA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QDF
FlexShares Quality Dividend Index Fund		12.96%16.58%16.95%19.71%-12.13%26.65%4.86%25.71%-7.97%5.73%
JQUA
JPMorgan U.S. Quality Factor ETF		14.93%11.69%21.21%25.13%-13.45%28.68%16.56%28.47%-2.98%5.07%

Correlation

The correlation between QDF and JQUA is 0.88, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.88

Correlation (3Y)
Balances recent behavior with more history.

0.92

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.94

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2017

0.88

The correlation between QDF and JQUA has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

QDF vs. JQUA - Sectors Allocation Comparison

Sectors
QDF
JQUA

Technology

37.0%
41.0%

Financial Services

14.8%
12.0%

Healthcare

9.1%
8.8%

Industrials

8.7%
8.9%

Consumer Cyclical

7.1%
9.5%

Consumer Defensive

5.7%
5.2%

Real Estate

5.6%
2.2%

Communication Services

5.4%
6.2%

Utilities

2.2%
1.2%

Basic Materials

1.5%
1.7%

Energy

0.9%
3.3%

Technology

QDF
37.0%
JQUA
41.0%

Financial Services

QDF
14.8%
JQUA
12.0%

Healthcare

QDF
9.1%
JQUA
8.8%

Industrials

QDF
8.7%
JQUA
8.9%

Consumer Cyclical

QDF
7.1%
JQUA
9.5%

Consumer Defensive

QDF
5.7%
JQUA
5.2%

Real Estate

QDF
5.6%
JQUA
2.2%

Communication Services

QDF
5.4%
JQUA
6.2%

Utilities

QDF
2.2%
JQUA
1.2%

Basic Materials

QDF
1.5%
JQUA
1.7%

Energy

QDF
0.9%
JQUA
3.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

FlexShares Quality Dividend Index Fund

JPMorgan U.S. Quality Factor ETF

Often compared with QDF:
QDF vs. QDEFQDF vs. SCHDQDF vs. DGRWQDF vs. QQQQDF vs. FDVVQDF vs. VOOQDF vs. SPHD
Often compared with JQUA:
JQUA vs. SPHQJQUA vs. VFQYJQUA vs. CGDVJQUA vs. SCHDJQUA vs. FQALJQUA vs. VIGJQUA vs. QUS

Return for Risk

QDF vs. JQUA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
QDF
QDF Risk / Return Rank: 8383
Overall Rank
QDF Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
QDF Sortino Ratio Rank: 8282
Sortino Ratio Rank
QDF Omega Ratio Rank: 8282
Omega Ratio Rank
QDF Calmar Ratio Rank: 8181
Calmar Ratio Rank
QDF Martin Ratio Rank: 8787
Martin Ratio Rank
JQUA
JQUA Risk / Return Rank: 7979
Overall Rank
JQUA Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
JQUA Sortino Ratio Rank: 7777
Sortino Ratio Rank
JQUA Omega Ratio Rank: 7373
Omega Ratio Rank
JQUA Calmar Ratio Rank: 8181
Calmar Ratio Rank
JQUA Martin Ratio Rank: 8686
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QDF vs. JQUA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Quality Dividend Index Fund (QDF) and JPMorgan U.S. Quality Factor ETF (JQUA). 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.

QDFJQUADifference
Sharpe ratioReturn per unit of total volatility
1.91
1.75

+0.16

Sortino ratioReturn per unit of downside risk
2.69
2.48

+0.22

Omega ratioGain probability vs. loss probability

1.35

1.30

+0.04

Calmar ratioReturn relative to maximum drawdown

2.95

2.95

0.00

Martin ratioReturn relative to average drawdown

12.68

12.05

+0.63

QDF vs. JQUA - Sharpe Ratio Comparison

The current QDF Sharpe Ratio is 1.91, which is comparable to the JQUA Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of QDF and JQUA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QDF vs. JQUA - Drawdown Comparison

The maximum QDF drawdown since its inception was -36.67%, which is greater than JQUA's maximum drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for QDF and JQUA.

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Drawdown Indicators

QDFJQUADifference

Max Drawdown

Largest peak-to-trough decline

-36.67%

-32.92%

-3.75%

Max Drawdown (1Y)

Largest decline over 1 year

-7.90%

-7.13%

-0.77%

Max Drawdown (3Y)

Largest decline over 3 years

-18.01%

-16.81%

-1.20%

Max Drawdown (5Y)

Largest decline over 5 years

-22.06%

-22.47%

+0.41%

Max Drawdown (10Y)

Largest decline over 10 years

-36.67%

—

—

Current Drawdown

Current decline from peak

-0.72%

-0.36%

-0.36%

Average Drawdown

Average peak-to-trough decline

-3.61%

-4.10%

+0.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.84%

1.74%

+0.10%

Volatility

QDF vs. JQUA - Volatility Comparison

FlexShares Quality Dividend Index Fund (QDF) has a higher volatility of 2.96% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 2.34%. This indicates that QDF's price experiences larger fluctuations and is considered to be riskier than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QDFJQUADifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

2.34%

+0.62%

Volatility (6M)

Calculated over the trailing 6-month period

9.43%

9.47%

-0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

12.20%

12.04%

+0.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.64%

15.72%

-0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.37%

17.93%

-0.56%

QDF vs. JQUA - Expense Ratio Comparison

QDF has a 0.37% expense ratio, which is higher than JQUA's 0.12% expense ratio.

Dividends

QDF vs. JQUA - Dividend Comparison

QDF's dividend yield for the trailing twelve months is around 1.48%, more than JQUA's 1.08% yield.

PositionTTM20252024202320222021202020192018201720162015
JQUA
JPMorgan U.S. Quality Factor ETF		1.08%1.19%1.24%1.21%1.60%1.32%1.44%1.67%2.10%0.40%0.00%0.00%
QDF
FlexShares Quality Dividend Index Fund		1.48%1.65%1.93%2.19%2.45%1.90%2.38%3.05%4.29%2.70%3.07%3.04%

Frequently Asked Questions

QDF and JQUA have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QDF has higher volatility (2.96%) compared to JQUA (2.34%). In terms of maximum drawdown, QDF dropped -36.67% vs JQUA's -32.92%.

On 5-year performance, JQUA leads with 12.89% vs 11.93% for QDF. On fees, JQUA is cheaper at 0.12% per year. On volatility, JQUA has been the lower-risk option at 2.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, JQUA has performed better with a 12.89% return vs 11.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JQUA is cheaper with a 0.12% expense ratio, compared with 0.37% for QDF.

QDF has the higher dividend yield at 1.48%, compared with 1.08% for JQUA.

QDF tracks Northern Trust Quality Dividend Index, while JQUA tracks JP Morgan US Quality Factor Index. They also come from different issuers: FlexShares and JPMorgan. Their fees differ too: 0.37% for QDF and 0.12% for JQUA.

QDF currently has the higher Sharpe Ratio (1.91 vs 1.75), 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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