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QUAL vs. IUVF.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QUAL vs. IUVF.L

Last updated Jun 12, 2026

QUAL (iShares MSCI USA Quality Factor ETF) and IUVF.L (iShares Edge MSCI USA Value Factor UCITS) are both exchange-traded funds - QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index, while IUVF.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD. Both are passively managed. Over the past 5 years, QUAL returned 11.86%/yr vs 15.04%/yr for IUVF.L. At a 0.49 correlation, their price movements are largely independent. QUAL charges 0.15%/yr vs 0.20%/yr for IUVF.L.

Performance

QUAL vs. IUVF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Quality Factor ETF (QUAL) and iShares Edge MSCI USA Value Factor UCITS (IUVF.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

QUAL is traded in USD, while IUVF.L is traded in GBp. To make them comparable, the IUVF.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QUAL achieves a 8.93% return, which is significantly lower than IUVF.L's 40.87% return.

QUAL

1D
1.68%
1M
2.62%
YTD
8.93%
6M
7.97%
1Y
20.75%
3Y*
19.36%
5Y*
11.86%
10Y*
14.39%

IUVF.L

1D
0.54%
1M
7.62%
YTD
40.87%
6M
41.96%
1Y
77.88%
3Y*
30.51%
5Y*
15.04%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QUAL vs. IUVF.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QUAL
iShares MSCI USA Quality Factor ETF		8.93%12.65%22.29%30.88%-20.50%26.94%17.04%33.89%-5.70%22.26%
IUVF.L
iShares Edge MSCI USA Value Factor UCITS		40.87%33.27%6.43%13.99%-14.83%30.10%-1.83%27.01%-12.42%21.44%

Correlation

The correlation between QUAL and IUVF.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.57

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

0.45

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

0.50

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2016

0.49

The correlation between QUAL and IUVF.L shifts across timeframes, from 0.45 (3 years) to 0.57 (1 year), reflecting how their relationship changes across market environments.

QUAL vs. IUVF.L - Sectors Allocation Comparison

Sectors
QUAL
IUVF.L

Technology

36.5%
52.6%

Financial Services

11.5%
8.6%

Communication Services

11.1%
6.9%

Consumer Cyclical

9.3%
7.8%

Healthcare

9.0%
7.4%

Industrials

8.2%
6.3%

Consumer Defensive

4.9%
3.4%

Energy

4.0%
2.5%

Utilities

1.9%
1.6%

Real Estate

1.8%
1.5%

Basic Materials

1.7%
1.4%

Technology

QUAL
36.5%
IUVF.L
52.6%

Financial Services

QUAL
11.5%
IUVF.L
8.6%

Communication Services

QUAL
11.1%
IUVF.L
6.9%

Consumer Cyclical

QUAL
9.3%
IUVF.L
7.8%

Healthcare

QUAL
9.0%
IUVF.L
7.4%

Industrials

QUAL
8.2%
IUVF.L
6.3%

Consumer Defensive

QUAL
4.9%
IUVF.L
3.4%

Energy

QUAL
4.0%
IUVF.L
2.5%

Utilities

QUAL
1.9%
IUVF.L
1.6%

Real Estate

QUAL
1.8%
IUVF.L
1.5%

Basic Materials

QUAL
1.7%
IUVF.L
1.4%

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 Edge MSCI USA Value Factor UCITS

Often compared with QUAL:
QUAL vs. SPHQQUAL vs. SPYQUAL vs. MTUMQUAL vs. USMVQUAL vs. VOOQUAL vs. IVVQUAL vs. SCHD
Often compared with IUVF.L:
IUVF.L vs. VTVIUVF.L vs. VLUEIUVF.L vs. VIVAXIUVF.L vs. EWSP.LIUVF.L vs. JREG.LIUVF.L vs. JREU.LIUVF.L vs. URTH

Return for Risk

QUAL vs. IUVF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QUAL
QUAL Risk / Return Rank: 6262
Overall Rank
QUAL Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
QUAL Sortino Ratio Rank: 6464
Sortino Ratio Rank
QUAL Omega Ratio Rank: 6060
Omega Ratio Rank
QUAL Calmar Ratio Rank: 5656
Calmar Ratio Rank
QUAL Martin Ratio Rank: 6969
Martin Ratio Rank
IUVF.L
IUVF.L Risk / Return Rank: 9898
Overall Rank
IUVF.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IUVF.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
IUVF.L Omega Ratio Rank: 9797
Omega Ratio Rank
IUVF.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
IUVF.L Martin Ratio Rank: 9898
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. IUVF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Factor ETF (QUAL) and iShares Edge MSCI USA Value Factor UCITS (IUVF.L). 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.

QUALIUVF.LDifference
Sharpe ratioReturn per unit of total volatility
1.72
4.70

-2.98

Sortino ratioReturn per unit of downside risk
2.45
6.41

-3.96

Omega ratioGain probability vs. loss probability

1.30

1.79

-0.49

Calmar ratioReturn relative to maximum drawdown

2.31

10.03

-7.72

Martin ratioReturn relative to average drawdown

10.45

39.11

-28.66

QUAL vs. IUVF.L - Sharpe Ratio Comparison

The current QUAL Sharpe Ratio is 1.72, which is lower than the IUVF.L Sharpe Ratio of 4.70. The chart below compares the historical Sharpe Ratios of QUAL and IUVF.L, 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. IUVF.L - Drawdown Comparison

The maximum QUAL drawdown since its inception was -34.06%, smaller than the maximum IUVF.L drawdown of -39.29%. Use the drawdown chart below to compare losses from any high point for QUAL and IUVF.L.

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Drawdown Indicators

QUALIUVF.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.06%

-39.29%

+5.23%

Max Drawdown (1Y)

Largest decline over 1 year

-9.03%

-7.73%

-1.30%

Max Drawdown (3Y)

Largest decline over 3 years

-18.00%

-18.56%

+0.56%

Max Drawdown (5Y)

Largest decline over 5 years

-28.23%

-27.00%

-1.23%

Max Drawdown (10Y)

Largest decline over 10 years

-34.06%

—

—

Current Drawdown

Current decline from peak

-0.66%

-4.70%

+4.04%

Average Drawdown

Average peak-to-trough decline

-4.10%

-7.38%

+3.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

1.98%

+0.01%

Volatility

QUAL vs. IUVF.L - Volatility Comparison

The current volatility for iShares MSCI USA Quality Factor ETF (QUAL) is 3.61%, while iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a volatility of 7.37%. This indicates that QUAL experiences smaller price fluctuations and is considered to be less risky than IUVF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QUALIUVF.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

7.37%

-3.76%

Volatility (6M)

Calculated over the trailing 6-month period

9.43%

13.29%

-3.86%

Volatility (1Y)

Calculated over the trailing 1-year period

12.10%

16.48%

-4.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.37%

17.52%

-0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.11%

18.97%

-0.86%

QUAL vs. IUVF.L - Expense Ratio Comparison

QUAL has a 0.15% expense ratio, which is lower than IUVF.L's 0.20% expense ratio. Despite the difference, 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. IUVF.L - Dividend Comparison

QUAL's dividend yield for the trailing twelve months is around 0.87%, while IUVF.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IUVF.L
iShares Edge MSCI USA Value Factor UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QUAL
iShares MSCI USA Quality Factor ETF		0.87%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 IUVF.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QUAL is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QUAL is cheaper with a 0.15% expense ratio, compared with 0.20% for IUVF.L.

QUAL is categorized as Large Cap Blend Equities, while IUVF.L is Large Cap Value Equities. QUAL tracks MSCI USA Sector Neutral Quality Index, while IUVF.L tracks Russell 1000 Value TR USD. Their fees differ too: 0.15% for QUAL and 0.20% for IUVF.L.

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