QUAL vs. DVY
Compare and contrast key facts about iShares MSCI USA Quality Factor ETF (QUAL) and iShares Select Dividend ETF (DVY).
QUAL and DVY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Sector Neutral Quality Index. It was launched on Jul 18, 2013. DVY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Dividend Index. It was launched on Nov 3, 2003. Both QUAL and DVY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QUAL vs. DVY - Performance Comparison
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QUAL vs. DVY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QUAL iShares MSCI USA Quality Factor ETF | -2.54% | 12.65% | 22.29% | 30.88% | -20.50% | 26.94% | 17.04% | 33.89% | -5.70% | 22.26% |
DVY iShares Select Dividend ETF | 8.28% | 11.60% | 16.24% | 1.12% | 1.80% | 31.70% | -4.91% | 22.62% | -6.36% | 14.82% |
Returns By Period
In the year-to-date period, QUAL achieves a -2.54% return, which is significantly lower than DVY's 8.28% return. Over the past 10 years, QUAL has outperformed DVY with an annualized return of 13.06%, while DVY has yielded a comparatively lower 10.27% annualized return.
QUAL
- 1D
- 0.20%
- 1M
- -4.31%
- YTD
- -2.54%
- 6M
- -1.12%
- 1Y
- 13.24%
- 3Y*
- 17.00%
- 5Y*
- 10.75%
- 10Y*
- 13.06%
DVY
- 1D
- 0.42%
- 1M
- -0.84%
- YTD
- 8.28%
- 6M
- 8.85%
- 1Y
- 16.72%
- 3Y*
- 13.11%
- 5Y*
- 9.60%
- 10Y*
- 10.27%
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QUAL vs. DVY - Expense Ratio Comparison
QUAL has a 0.15% expense ratio, which is lower than DVY's 0.39% expense ratio.
Return for Risk
QUAL vs. DVY — Risk / Return Rank
QUAL
DVY
QUAL vs. DVY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Factor ETF (QUAL) and iShares Select Dividend ETF (DVY). 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.
| QUAL | DVY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.07 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.54 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.42 | -0.21 |
Martin ratioReturn relative to average drawdown | 5.43 | 6.07 | -0.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QUAL | DVY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.07 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.63 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.57 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.47 | +0.28 |
Correlation
The correlation between QUAL and DVY is 0.72, 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.
Dividends
QUAL vs. DVY - Dividend Comparison
QUAL's dividend yield for the trailing twelve months is around 0.98%, less than DVY's 3.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QUAL iShares MSCI USA Quality Factor ETF | 0.98% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
DVY iShares Select Dividend ETF | 3.46% | 3.65% | 3.65% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% |
Drawdowns
QUAL vs. DVY - Drawdown Comparison
The maximum QUAL drawdown since its inception was -34.06%, smaller than the maximum DVY drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for QUAL and DVY.
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Drawdown Indicators
| QUAL | DVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.06% | -62.59% | +28.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -8.28% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -17.54% | -10.69% |
Max Drawdown (10Y)Largest decline over 10 years | -34.06% | -41.59% | +7.53% |
Current DrawdownCurrent decline from peak | -5.78% | -3.23% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -8.84% | +4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.85% | -0.29% |
Volatility
QUAL vs. DVY - Volatility Comparison
iShares MSCI USA Quality Factor ETF (QUAL) has a higher volatility of 5.32% compared to iShares Select Dividend ETF (DVY) at 3.31%. This indicates that QUAL's price experiences larger fluctuations and is considered to be riskier than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QUAL | DVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 3.31% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 8.21% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 15.72% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 15.27% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 18.02% | +0.06% |