QGRO vs. QUAL
Compare and contrast key facts about American Century STOXX U.S. Quality Growth ETF (QGRO) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
QGRO and QUAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QGRO is a passively managed fund by American Century Investments that tracks the performance of the iSTOXX American Century USA Quality Growth (USD)(GR). It was launched on Sep 10, 2018. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013. Both QGRO and QUAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QGRO or QUAL.
Key characteristics
| QGRO | QUAL | |
|---|---|---|
| YTD Return | 32.97% | 25.71% |
| 1Y Return | 42.56% | 32.61% |
| 3Y Return (Ann) | 9.33% | 9.52% |
| 5Y Return (Ann) | 18.81% | 15.18% |
| Sharpe Ratio | 3.07 | 2.78 |
| Sortino Ratio | 4.12 | 3.83 |
| Omega Ratio | 1.54 | 1.51 |
| Calmar Ratio | 4.55 | 4.58 |
| Martin Ratio | 18.27 | 17.53 |
| Ulcer Index | 2.54% | 1.99% |
| Daily Std Dev | 15.10% | 12.57% |
| Max Drawdown | -32.57% | -34.06% |
| Current Drawdown | -0.28% | -0.43% |
Correlation
The correlation between QGRO and QUAL is 0.88, 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.
Performance
QGRO vs. QUAL - Performance Comparison
In the year-to-date period, QGRO achieves a 32.97% return, which is significantly higher than QUAL's 25.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QGRO vs. QUAL - Expense Ratio Comparison
QGRO has a 0.29% expense ratio, which is higher than QUAL's 0.15% expense ratio.
Risk-Adjusted Performance
QGRO vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century STOXX U.S. Quality Growth ETF (QGRO) and iShares Edge MSCI USA Quality Factor ETF (QUAL). 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.
Dividends
QGRO vs. QUAL - Dividend Comparison
QGRO's dividend yield for the trailing twelve months is around 0.30%, less than QUAL's 0.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QGRO American Century STOXX U.S. Quality Growth ETF | 0.30% | 0.41% | 0.46% | 0.31% | 0.22% | 0.38% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 0.98% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% | 0.63% |
Drawdowns
QGRO vs. QUAL - Drawdown Comparison
The maximum QGRO drawdown since its inception was -32.57%, roughly equal to the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for QGRO and QUAL. For additional features, visit the drawdowns tool.
Volatility
QGRO vs. QUAL - Volatility Comparison
American Century STOXX U.S. Quality Growth ETF (QGRO) has a higher volatility of 5.10% compared to iShares Edge MSCI USA Quality Factor ETF (QUAL) at 3.40%. This indicates that QGRO's price experiences larger fluctuations and is considered to be riskier than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.