QDIV vs. UDIV

Last updated Jun 4, 2026

QDIV (Global X S&P 500 Quality Dividend ETF) and UDIV (Franklin U.S. Core Dividend Tilt Index ETF) are both Dividend funds - QDIV tracks the S&P 500 Quality High Dividend Index while UDIV tracks the Linked Morningstar US Dividend Enhanced Select Index. Both are passively managed. Over the past 5 years, QDIV returned 6.17%/yr vs 14.04%/yr for UDIV. A 0.72 correlation means they provide meaningful diversification when combined. QDIV charges 0.20%/yr vs 0.06%/yr for UDIV.

Performance

QDIV vs. UDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Quality Dividend ETF (QDIV) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDIV achieves a 8.21% return, which is significantly lower than UDIV's 14.99% return.

QDIV

• 1D: -0.10%
• 1M: 1.84%
• YTD: 8.21%
• 6M: 7.70%
• 1Y: 13.84%
• 3Y*: 9.81%
• 5Y*: 6.17%
• 10Y*: —

UDIV

• 1D: -0.69%
• 1M: 6.05%
• YTD: 14.99%
• 6M: 14.91%
• 1Y: 33.63%
• 3Y*: 24.66%
• 5Y*: 14.04%
• 10Y*: —

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

QDIV vs. UDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QDIV Global X S&P 500 Quality Dividend ETF	8.21%	3.16%	10.62%	5.18%	-0.50%	28.99%	0.03%	29.00%	-12.20%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	14.99%	19.00%	25.61%	25.21%	-15.00%	19.66%	5.54%	24.60%	-6.45%

Correlation

The correlation between QDIV and UDIV is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jul 18, 2018	0.72

Over the past year, the correlation between QDIV and UDIV has dropped to 0.47 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

QDIV vs. UDIV - Sectors Allocation Comparison

Sectors	QDIV	UDIV
Consumer Defensive	21.9%	5.7%
Industrials	16.5%	5.8%
Healthcare	14.3%	7.4%
Energy	14.1%	3.7%
Basic Materials	8.4%	0.8%
Technology	8.1%	39.0%
Financial Services	6.9%	11.3%
Consumer Cyclical	6.1%	8.7%
Communication Services	3.7%	10.7%
Real Estate	-	3.7%
Utilities	-	3.0%

Return for Risk

QDIV vs. UDIV — Risk / Return Rank

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

QDIV

QDIV Risk / Return Rank: 32
QDIV Sharpe Ratio Rank: 32
QDIV Sortino Ratio Rank: 34
QDIV Omega Ratio Rank: 30
QDIV Calmar Ratio Rank: 35
QDIV Martin Ratio Rank: 30

UDIV

UDIV Risk / Return Rank: 83
UDIV Sharpe Ratio Rank: 85
UDIV Sortino Ratio Rank: 84
UDIV Omega Ratio Rank: 84
UDIV Calmar Ratio Rank: 78
UDIV Martin Ratio Rank: 86

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.

QDIV vs. UDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Quality Dividend ETF (QDIV) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). 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.

	QDIV	UDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.18	2.83	-1.66
Sortino ratio: Return per unit of downside risk	1.83	3.81	-1.98
Omega ratio: Gain probability vs. loss probability	1.21	1.52	-0.31
Calmar ratio: Return relative to maximum drawdown	1.74	4.00	-2.26
Martin ratio: Return relative to average drawdown	4.51	18.28	-13.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDIV vs. UDIV - Sharpe Ratio Comparison

The current QDIV Sharpe Ratio is 1.18, which is lower than the UDIV Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of QDIV and UDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QDIV	UDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	2.83	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.91	-0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.74	-0.31

Drawdowns

QDIV vs. UDIV - Drawdown Comparison

The maximum QDIV drawdown since its inception was -41.20%, which is greater than UDIV's maximum drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for QDIV and UDIV.

Drawdown Indicators

	QDIV	UDIV	Difference
Max Drawdown Largest peak-to-trough decline	-41.20%	-35.21%	-5.99%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-8.44%	+0.47%
Max Drawdown (3Y) Largest decline over 3 years	-16.81%	-19.19%	+2.38%
Max Drawdown (5Y) Largest decline over 5 years	-18.52%	-23.18%	+4.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.21%	—
Current Drawdown Current decline from peak	-3.96%	-0.69%	-3.27%
Average Drawdown Average peak-to-trough decline	-5.54%	-4.64%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	1.84%	+1.24%

Volatility

QDIV vs. UDIV - Volatility Comparison

The current volatility for Global X S&P 500 Quality Dividend ETF (QDIV) is 2.61%, while Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a volatility of 2.98%. This indicates that QDIV experiences smaller price fluctuations and is considered to be less risky than UDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDIV	UDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	2.98%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	8.07%	8.99%	-0.92%
Volatility (1Y) Calculated over the trailing 1-year period	11.84%	11.95%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.30%	15.51%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.42%	16.27%	+3.15%

QDIV vs. UDIV - Expense Ratio Comparison

QDIV has a 0.20% expense ratio, which is higher than UDIV's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QDIV vs. UDIV - Dividend Comparison

QDIV's dividend yield for the trailing twelve months is around 3.23%, more than UDIV's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QDIV Global X S&P 500 Quality Dividend ETF	3.23%	3.13%	2.88%	3.26%	3.02%	2.44%	3.06%	2.84%	1.30%	0.00%	0.00%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	1.40%	1.53%	2.05%	1.91%	3.20%	2.97%	2.90%	3.40%	3.74%	3.47%	1.63%

Frequently Asked Questions

Can I hold both QDIV and UDIV in my portfolio?

QDIV and UDIV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QDIV or UDIV?

UDIV has higher volatility (2.98%) compared to QDIV (2.61%). In terms of maximum drawdown, QDIV dropped -41.20% vs UDIV's -35.21%.

Which ETF is better, QDIV or UDIV?

On 5-year performance, UDIV leads with 14.04% vs 6.17% for QDIV. On fees, UDIV is cheaper at 0.06% per year. On volatility, QDIV has been the lower-risk option at 2.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDIV or UDIV?

Over the 5-year period, UDIV has performed better with a 14.04% return vs 6.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDIV or UDIV?

UDIV is cheaper with a 0.06% expense ratio, compared with 0.20% for QDIV.

Which ETF pays a higher dividend yield, QDIV or UDIV?

QDIV has the higher dividend yield at 3.23%, compared with 1.40% for UDIV.

What is the main difference between QDIV and UDIV?

QDIV tracks S&P 500 Quality High Dividend Index, while UDIV tracks Linked Morningstar US Dividend Enhanced Select Index. They also come from different issuers: Global X and Franklin Templeton. Their fees differ too: 0.20% for QDIV and 0.06% for UDIV.

Which has better risk-adjusted returns?

UDIV currently has the higher Sharpe Ratio (2.83 vs 1.18), 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.