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QDF vs. SRHQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QDF vs. SRHQ

Last updated Aug 2, 2026
Documentation

QDF (FlexShares Quality Dividend Index Fund) and SRHQ (SRH U.S. Quality ETF) are both Quality Factor funds - QDF tracks the Northern Trust Quality Dividend Index while SRHQ tracks the SRH US Quality Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, QDF returned 16.91%/yr vs 17.26%/yr for SRHQ. Their correlation of 0.83 means they have usually moved in the same direction. QDF charges 0.37%/yr vs 0.35%/yr for SRHQ.

Performance

QDF vs. SRHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Quality Dividend Index Fund (QDF) and SRH U.S. Quality ETF (SRHQ). 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 SRHQ's 20.78% 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%

SRHQ

1D
-0.33%
1M
1.86%
6M
18.75%
YTD
20.78%
1Y
31.30%
3Y*
17.26%
5Y*
—
10Y*
—
ALL TIME*
18.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

QDF

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

SRHQ

SRH U.S. Quality ETF
$113.47K$63.13K$30.03K

QDF vs. SRHQ - Yearly Performance Comparison

2026 (YTD)2025202420232022
QDF
FlexShares Quality Dividend Index Fund		12.96%16.58%16.95%19.71%5.86%
SRHQ
SRH U.S. Quality ETF		20.78%7.34%16.49%21.81%5.22%

Correlation

The correlation between QDF and SRHQ is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

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

0.66

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

0.79

Correlation (All Time)
Calculated using the full available price history since Oct 5, 2022

0.83

The correlation between QDF and SRHQ shifts across timeframes, from 0.66 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

QDF vs. SRHQ - Sectors Allocation Comparison

Sectors
QDF
SRHQ

Technology

37.0%
21.9%

Financial Services

14.8%
10.2%

Healthcare

9.1%
21.4%

Industrials

8.7%
20.4%

Consumer Cyclical

7.1%
11.3%

Consumer Defensive

5.7%
5.2%

Real Estate

5.6%
1.2%

Communication Services

5.4%
2.1%

Utilities

2.2%
1.2%

Basic Materials

1.5%
2.7%

Energy

0.9%
1.2%

Technology

QDF
37.0%
SRHQ
21.9%

Financial Services

QDF
14.8%
SRHQ
10.2%

Healthcare

QDF
9.1%
SRHQ
21.4%

Industrials

QDF
8.7%
SRHQ
20.4%

Consumer Cyclical

QDF
7.1%
SRHQ
11.3%

Consumer Defensive

QDF
5.7%
SRHQ
5.2%

Real Estate

QDF
5.6%
SRHQ
1.2%

Communication Services

QDF
5.4%
SRHQ
2.1%

Utilities

QDF
2.2%
SRHQ
1.2%

Basic Materials

QDF
1.5%
SRHQ
2.7%

Energy

QDF
0.9%
SRHQ
1.2%

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

SRH U.S. Quality ETF

Often compared with QDF:
QDF vs. QDEFQDF vs. SCHDQDF vs. DGRWQDF vs. QQQQDF vs. FDVVQDF vs. VOOQDF vs. SPHD
Often compared with SRHQ:
SRHQ vs. FACGXSRHQ vs. SCHDSRHQ vs. LSTSRHQ vs. GARPSRHQ vs. IWSSRHQ vs. OPTZSRHQ vs. AVMC

Return for Risk

QDF vs. SRHQ — 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
SRHQ
SRHQ Risk / Return Rank: 8787
Overall Rank
SRHQ Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
SRHQ Sortino Ratio Rank: 8484
Sortino Ratio Rank
SRHQ Omega Ratio Rank: 8080
Omega Ratio Rank
SRHQ Calmar Ratio Rank: 9393
Calmar Ratio Rank
SRHQ Martin Ratio Rank: 9393
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. SRHQ - Risk-Adjusted Trends Comparison

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

QDFSRHQDifference
Sharpe ratioReturn per unit of total volatility
1.91
1.97

-0.06

Sortino ratioReturn per unit of downside risk
2.69
2.80

-0.11

Omega ratioGain probability vs. loss probability

1.35

1.34

+0.01

Calmar ratioReturn relative to maximum drawdown

2.95

4.64

-1.69

Martin ratioReturn relative to average drawdown

12.68

16.85

-4.17

QDF vs. SRHQ - Sharpe Ratio Comparison

The current QDF Sharpe Ratio is 1.91, which is comparable to the SRHQ Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of QDF and SRHQ, 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. SRHQ - Drawdown Comparison

The maximum QDF drawdown since its inception was -36.67%, which is greater than SRHQ's maximum drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for QDF and SRHQ.

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Drawdown Indicators

QDFSRHQDifference

Max Drawdown

Largest peak-to-trough decline

-36.67%

-18.50%

-18.17%

Max Drawdown (1Y)

Largest decline over 1 year

-7.90%

-6.31%

-1.59%

Max Drawdown (3Y)

Largest decline over 3 years

-18.01%

-18.50%

+0.49%

Max Drawdown (5Y)

Largest decline over 5 years

-22.06%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-36.67%

—

—

Current Drawdown

Current decline from peak

-0.72%

-1.47%

+0.75%

Average Drawdown

Average peak-to-trough decline

-3.61%

-2.98%

-0.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.84%

1.74%

+0.10%

Volatility

QDF vs. SRHQ - Volatility Comparison

The current volatility for FlexShares Quality Dividend Index Fund (QDF) is 2.96%, while SRH U.S. Quality ETF (SRHQ) has a volatility of 4.37%. This indicates that QDF experiences smaller price fluctuations and is considered to be less risky than SRHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QDFSRHQDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

4.37%

-1.41%

Volatility (6M)

Calculated over the trailing 6-month period

9.43%

11.10%

-1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

12.20%

14.90%

-2.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.64%

15.96%

-0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.37%

15.96%

+1.41%

QDF vs. SRHQ - Expense Ratio Comparison

QDF has a 0.37% expense ratio, which is higher than SRHQ's 0.35% expense ratio.

Dividends

QDF vs. SRHQ - Dividend Comparison

QDF's dividend yield for the trailing twelve months is around 1.48%, more than SRHQ's 0.69% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SRHQ
SRH U.S. Quality ETF		0.69%0.76%0.66%0.84%0.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

QDF and SRHQ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SRHQ has higher volatility (4.37%) compared to QDF (2.96%). In terms of maximum drawdown, QDF dropped -36.67% vs SRHQ's -18.50%.

On 3-year performance, SRHQ leads with 17.26% vs 16.91% for QDF. On fees, SRHQ is cheaper at 0.35% per year. On volatility, QDF has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, SRHQ has performed better with a 17.26% return vs 16.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SRHQ is cheaper with a 0.35% expense ratio, compared with 0.37% for QDF.

QDF has the higher dividend yield at 1.48%, compared with 0.69% for SRHQ.

QDF tracks Northern Trust Quality Dividend Index, while SRHQ tracks SRH US Quality Index - Benchmark TR Gross. They also come from different issuers: FlexShares and SRH. Their fees differ too: 0.37% for QDF and 0.35% for SRHQ.

SRHQ currently has the higher Sharpe Ratio (1.97 vs 1.91), 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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