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QUAL vs. IUSV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QUAL vs. IUSV

Last updated Jul 22, 2026
Documentation

QUAL (iShares MSCI USA Quality Factor ETF) and IUSV (iShares Core S&P U.S. Value ETF) are both exchange-traded funds - QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index, while IUSV is a Large Cap Value Equities fund tracking the S&P 900 Value Index. Both are passively managed. Over the past 10 years, QUAL returned 13.99%/yr vs 11.69%/yr for IUSV. Their correlation of 0.85 suggests significant overlap in exposure. QUAL charges 0.15%/yr vs 0.04%/yr for IUSV.

Performance

QUAL vs. IUSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Quality Factor ETF (QUAL) and iShares Core S&P U.S. Value ETF (IUSV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with QUAL having a 10.25% return and IUSV slightly lower at 9.86%. Over the past 10 years, QUAL has outperformed IUSV with an annualized return of 13.99%, while IUSV has yielded a comparatively lower 11.69% annualized return.

QUAL

1D
0.55%
1M
1.04%
6M
9.75%
YTD
10.25%
1Y
19.40%
3Y*
17.75%
5Y*
11.28%
10Y*
13.99%
ALL TIME*
13.65%

IUSV

1D
0.38%
1M
1.88%
6M
8.77%
YTD
9.86%
1Y
18.99%
3Y*
13.82%
5Y*
11.54%
10Y*
11.69%
ALL TIME*
11.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QUAL vs. IUSV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QUAL
iShares MSCI USA Quality Factor ETF		10.25%12.65%22.29%30.88%-20.50%26.94%17.04%33.89%-5.70%22.26%
IUSV
iShares Core S&P U.S. Value ETF		9.86%12.85%12.18%21.73%-5.40%25.22%1.56%31.47%-9.21%15.09%

Correlation

The correlation between QUAL and IUSV is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Jul 18, 2013

0.85

The correlation between QUAL and IUSV has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

QUAL vs. IUSV - Sectors Allocation Comparison

Sectors
QUAL
IUSV

Technology

40.2%
20.9%

Financial Services

10.9%
16.0%

Communication Services

10.3%
2.6%

Healthcare

9.2%
11.7%

Consumer Cyclical

9.0%
10.6%

Industrials

7.4%
10.9%

Consumer Defensive

4.3%
8.5%

Energy

2.9%
7.0%

Utilities

2.1%
4.4%

Basic Materials

1.9%
3.5%

Real Estate

1.7%
3.6%

Technology

QUAL
40.2%
IUSV
20.9%

Financial Services

QUAL
10.9%
IUSV
16.0%

Communication Services

QUAL
10.3%
IUSV
2.6%

Healthcare

QUAL
9.2%
IUSV
11.7%

Consumer Cyclical

QUAL
9.0%
IUSV
10.6%

Industrials

QUAL
7.4%
IUSV
10.9%

Consumer Defensive

QUAL
4.3%
IUSV
8.5%

Energy

QUAL
2.9%
IUSV
7.0%

Utilities

QUAL
2.1%
IUSV
4.4%

Basic Materials

QUAL
1.9%
IUSV
3.5%

Real Estate

QUAL
1.7%
IUSV
3.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Quality Factor ETF

iShares Core S&P U.S. Value ETF

Often compared with QUAL:
QUAL vs. SPHQQUAL vs. SPYQUAL vs. MTUMQUAL vs. USMVQUAL vs. VOOQUAL vs. IVVQUAL vs. SCHD
Often compared with IUSV:
IUSV vs. IUSGIUSV vs. VTVIUSV vs. SPYIUSV vs. VOOIUSV vs. SCHDIUSV vs. VLUEIUSV vs. DGRO

Return for Risk

QUAL vs. IUSV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QUAL
QUAL Risk / Return Rank: 6565
Overall Rank
QUAL Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
QUAL Sortino Ratio Rank: 6666
Sortino Ratio Rank
QUAL Omega Ratio Rank: 6363
Omega Ratio Rank
QUAL Calmar Ratio Rank: 5858
Calmar Ratio Rank
QUAL Martin Ratio Rank: 7373
Martin Ratio Rank
IUSV
IUSV Risk / Return Rank: 7979
Overall Rank
IUSV Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
IUSV Sortino Ratio Rank: 7979
Sortino Ratio Rank
IUSV Omega Ratio Rank: 7878
Omega Ratio Rank
IUSV Calmar Ratio Rank: 7878
Calmar Ratio Rank
IUSV Martin Ratio Rank: 8181
Martin Ratio Rank
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.

QUAL vs. IUSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Factor ETF (QUAL) and iShares Core S&P U.S. Value ETF (IUSV). 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.

QUALIUSVDifference
Sharpe ratioReturn per unit of total volatility
1.60
1.90

-0.30

Sortino ratioReturn per unit of downside risk
2.29
2.67

-0.39

Omega ratioGain probability vs. loss probability

1.28

1.34

-0.06

Calmar ratioReturn relative to maximum drawdown

2.16

3.00

-0.84

Martin ratioReturn relative to average drawdown

9.67

11.39

-1.72

QUAL vs. IUSV - Sharpe Ratio Comparison

The current QUAL Sharpe Ratio is 1.60, which is comparable to the IUSV Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of QUAL and IUSV, 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

QUAL vs. IUSV - Drawdown Comparison

The maximum QUAL drawdown since its inception was -34.06%, smaller than the maximum IUSV drawdown of -56.88%. Use the drawdown chart below to compare losses from any high point for QUAL and IUSV.

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Drawdown Indicators

QUALIUSVDifference

Max Drawdown

Largest peak-to-trough decline

-34.06%

-56.88%

+22.82%

Max Drawdown (1Y)

Largest decline over 1 year

-9.03%

-6.36%

-2.67%

Max Drawdown (3Y)

Largest decline over 3 years

-18.00%

-17.76%

-0.24%

Max Drawdown (5Y)

Largest decline over 5 years

-28.23%

-17.95%

-10.28%

Max Drawdown (10Y)

Largest decline over 10 years

-34.06%

-37.54%

+3.48%

Current Drawdown

Current decline from peak

-1.15%

-0.79%

-0.36%

Average Drawdown

Average peak-to-trough decline

-4.07%

-6.26%

+2.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

1.67%

+0.34%

Volatility

QUAL vs. IUSV - Volatility Comparison

iShares MSCI USA Quality Factor ETF (QUAL) has a higher volatility of 3.13% compared to iShares Core S&P U.S. Value ETF (IUSV) at 2.14%. This indicates that QUAL's price experiences larger fluctuations and is considered to be riskier than IUSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QUALIUSVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

2.14%

+0.99%

Volatility (6M)

Calculated over the trailing 6-month period

9.79%

7.39%

+2.40%

Volatility (1Y)

Calculated over the trailing 1-year period

12.20%

10.04%

+2.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.38%

14.44%

+2.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.08%

16.99%

+1.09%

QUAL vs. IUSV - Expense Ratio Comparison

QUAL has a 0.15% expense ratio, which is higher than IUSV's 0.04% 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

QUAL vs. IUSV - Dividend Comparison

QUAL's dividend yield for the trailing twelve months is around 0.86%, less than IUSV's 1.67% yield.

PositionTTM20252024202320222021202020192018201720162015
IUSV
iShares Core S&P U.S. Value ETF		1.67%1.78%2.15%1.75%2.22%1.87%2.40%2.19%2.67%1.93%4.44%7.63%
QUAL
iShares MSCI USA Quality Factor ETF		0.86%0.94%1.02%1.23%1.59%1.20%1.39%1.60%2.00%1.76%1.96%1.63%

Frequently Asked Questions

QUAL and IUSV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QUAL has higher volatility (3.13%) compared to IUSV (2.14%). In terms of maximum drawdown, QUAL dropped -34.06% vs IUSV's -56.88%.

On 10-year performance, QUAL leads with 13.99% vs 11.69% for IUSV. On fees, IUSV is cheaper at 0.04% per year. On volatility, IUSV has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QUAL has performed better with a 13.99% return vs 11.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IUSV is cheaper with a 0.04% expense ratio, compared with 0.15% for QUAL.

IUSV has the higher dividend yield at 1.67%, compared with 0.86% for QUAL.

QUAL is categorized as Large Cap Blend Equities, while IUSV is Large Cap Value Equities. QUAL tracks MSCI USA Sector Neutral Quality Index, while IUSV tracks S&P 900 Value Index. Their fees differ too: 0.15% for QUAL and 0.04% for IUSV.

IUSV currently has the higher Sharpe Ratio (1.90 vs 1.60), 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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