QVOY vs. ASET

Last updated Jun 26, 2026

QVOY (Q3 All-Season Active Rotation ETF) and ASET (FlexShares Real Assets Allocation Index Fund) are both Diversified Portfolio funds. QVOY is actively managed, while ASET is passively managed. QVOY charges 1.30%/yr vs 0.57%/yr for ASET.

Performance

QVOY vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Q3 All-Season Active Rotation ETF (QVOY) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QVOY

• 1D: 1.58%
• 1M: -0.56%
• YTD: 14.34%
• 6M: 12.85%
• 1Y: 29.51%
• 3Y*: 13.81%
• 5Y*: —
• 10Y*: —

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QVOY vs. ASET - Yearly Performance Comparison

	2026 (YTD)
QVOY Q3 All-Season Active Rotation ETF	12.01%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

Return for Risk

QVOY vs. ASET — Risk / Return Rank

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

QVOY

QVOY Risk / Return Rank: 58
QVOY Sharpe Ratio Rank: 57
QVOY Sortino Ratio Rank: 48
QVOY Omega Ratio Rank: 56
QVOY Calmar Ratio Rank: 71
QVOY Martin Ratio Rank: 59

ASET

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.

QVOY vs. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Q3 All-Season Active Rotation ETF (QVOY) and FlexShares Real Assets Allocation Index Fund (ASET). 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.

	QVOY	ASET	Difference
Sharpe ratio: Return per unit of total volatility	1.69	—	—
Sortino ratio: Return per unit of downside risk	2.16	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	3.16	—	—
Martin ratio: Return relative to average drawdown	9.28	—	—

Drawdowns

QVOY vs. ASET - Drawdown Comparison

The maximum QVOY drawdown since its inception was -17.05%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QVOY and ASET.

Drawdown Indicators

	QVOY	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-17.05%	0.00%	-17.05%
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.05%	—	—
Current Drawdown Current decline from peak	-3.38%	0.00%	-3.38%
Average Drawdown Average peak-to-trough decline	-3.73%	0.00%	-3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	—	—

Volatility

Volatility by Period

	QVOY	ASET	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.51%	0.00%	+17.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.34%	0.00%	+15.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.34%	0.00%	+15.34%

QVOY vs. ASET - Expense Ratio Comparison

QVOY has a 1.30% expense ratio, which is higher than ASET's 0.57% expense ratio.

Dividends

QVOY vs. ASET - Dividend Comparison

QVOY's dividend yield for the trailing twelve months is around 8.14%, while ASET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%
QVOY Q3 All-Season Active Rotation ETF	8.14%	9.30%	10.88%	6.03%	0.46%

Frequently Asked Questions

Which ETF is better, QVOY or ASET?

On fees, ASET is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QVOY or ASET?

ASET is cheaper with a 0.57% expense ratio, compared with 1.30% for QVOY.

Which ETF pays a higher dividend yield, QVOY or ASET?

QVOY has the higher dividend yield at 8.14%, compared with 0.00% for ASET.

What is the main difference between QVOY and ASET?

They also come from different issuers: Q3 and Northern Trust. Their fees differ too: 1.30% for QVOY and 0.57% for ASET.