QEFA vs. IFLO

Last updated Jun 26, 2026

QEFA (SPDR MSCI EAFE StrategicFactors ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, QEFA returned 17.72% vs 32.28% for IFLO. Their correlation of 0.85 suggests significant overlap in exposure. QEFA charges 0.30%/yr vs 0.56%/yr for IFLO.

Performance

QEFA vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI EAFE StrategicFactors ETF (QEFA) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QEFA achieves a 6.75% return, which is significantly lower than IFLO's 16.93% return.

QEFA

• 1D: 0.39%
• 1M: -1.61%
• YTD: 6.75%
• 6M: 6.33%
• 1Y: 17.72%
• 3Y*: 14.87%
• 5Y*: 7.66%
• 10Y*: 9.48%

IFLO

• 1D: 0.43%
• 1M: -1.62%
• YTD: 16.93%
• 6M: 16.46%
• 1Y: 32.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QEFA vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
QEFA SPDR MSCI EAFE StrategicFactors ETF	6.75%	10.27%
IFLO VictoryShares International Free Cash Flow ETF	16.93%	13.12%

Correlation

The correlation between QEFA and IFLO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.85

QEFA vs. IFLO - Sectors Allocation Comparison

Sectors	QEFA	IFLO
Financial Services	14.3%	1.1%
Healthcare	11.4%	11.7%
Technology	10.5%	21.5%
Industrials	9.1%	18.1%
Consumer Cyclical	6.2%	13.8%
Basic Materials	4.9%	11.3%
Energy	4.3%	12.1%
Consumer Defensive	4.2%	2.8%
Communication Services	3.2%	6.7%
Utilities	2.3%	1.0%
Real Estate	1.7%	0.0%

Return for Risk

QEFA vs. IFLO — Risk / Return Rank

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

QEFA

QEFA Risk / Return Rank: 43
QEFA Sharpe Ratio Rank: 44
QEFA Sortino Ratio Rank: 44
QEFA Omega Ratio Rank: 43
QEFA Calmar Ratio Rank: 42
QEFA Martin Ratio Rank: 45

IFLO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QEFA vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EAFE StrategicFactors ETF (QEFA) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	QEFA	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.37	—	—
Sortino ratio: Return per unit of downside risk	1.97	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.86	—	—
Martin ratio: Return relative to average drawdown	6.53	—	—

Drawdowns

QEFA vs. IFLO - Drawdown Comparison

The maximum QEFA drawdown since its inception was -31.71%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for QEFA and IFLO.

Drawdown Indicators

	QEFA	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-31.71%	-6.44%	-25.27%
Max Drawdown (1Y) Largest decline over 1 year	-9.58%	-6.44%	-3.14%
Max Drawdown (3Y) Largest decline over 3 years	-12.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.09%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.71%	—	—
Current Drawdown Current decline from peak	-2.97%	-3.37%	+0.40%
Average Drawdown Average peak-to-trough decline	-6.06%	-1.25%	-4.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	—	—

Volatility

Volatility by Period

	QEFA	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	14.75%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	14.75%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.86%	14.75%	+1.11%

QEFA vs. IFLO - Expense Ratio Comparison

QEFA has a 0.30% expense ratio, which is lower than IFLO's 0.56% expense ratio.

Dividends

QEFA vs. IFLO - Dividend Comparison

QEFA's dividend yield for the trailing twelve months is around 2.87%, more than IFLO's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFLO VictoryShares International Free Cash Flow ETF	1.51%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QEFA SPDR MSCI EAFE StrategicFactors ETF	2.87%	3.13%	3.17%	2.79%	3.02%	2.37%	1.82%	2.95%	3.22%	2.33%	2.01%	2.94%

Frequently Asked Questions

Can I hold both QEFA and IFLO in my portfolio?

QEFA and IFLO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QEFA or IFLO?

On 1-year performance, IFLO leads with 32.28% vs 17.72% for QEFA. On fees, QEFA is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QEFA or IFLO?

Over the 1-year period, IFLO has performed better with a 32.28% return vs 17.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QEFA or IFLO?

QEFA is cheaper with a 0.30% expense ratio, compared with 0.56% for IFLO.

Which ETF pays a higher dividend yield, QEFA or IFLO?

QEFA has the higher dividend yield at 2.87%, compared with 1.51% for IFLO.

What is the main difference between QEFA and IFLO?

They also come from different issuers: State Street and VictoryShares. Their fees differ too: 0.30% for QEFA and 0.56% for IFLO.