QVOY vs. MFUL

Last updated Apr 1, 2026

Compare and contrast key facts about Q3 All-Season Active Rotation ETF (QVOY) and Mindful Conservative ETF (MFUL).

QVOY and MFUL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QVOY is an actively managed fund by Q3. It was launched on Dec 6, 2022. MFUL is an actively managed fund by Mohr Funds. It was launched on Nov 2, 2021.

Performance

QVOY vs. MFUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Q3 All-Season Active Rotation ETF (QVOY) and Mindful Conservative ETF (MFUL). The values are adjusted to include any dividend payments, if applicable.

QVOY vs. MFUL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QVOY Q3 All-Season Active Rotation ETF	4.39%	16.45%	1.55%	17.19%	-0.53%
MFUL Mindful Conservative ETF	-0.53%	4.51%	5.36%	2.24%	0.30%

Returns By Period

In the year-to-date period, QVOY achieves a 4.39% return, which is significantly higher than MFUL's -0.53% return.

QVOY

• 1D: 0.47%
• 1M: -6.52%
• YTD: 4.39%
• 6M: 7.32%
• 1Y: 26.27%
• 3Y*: 12.71%
• 5Y*: —
• 10Y*: —

MFUL

• 1D: 0.74%
• 1M: -2.62%
• YTD: -0.53%
• 6M: -0.41%
• 1Y: 3.24%
• 3Y*: 3.76%
• 5Y*: —
• 10Y*: —

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

QVOY vs. MFUL - Expense Ratio Comparison

QVOY has a 1.30% expense ratio, which is higher than MFUL's 1.10% expense ratio.

QVOY

Q3 All-Season Active Rotation ETF

MFUL

Mindful Conservative ETF

Return for Risk

QVOY vs. MFUL — Risk / Return Rank

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

QVOY

QVOY Risk / Return Rank: 80
QVOY Sharpe Ratio Rank: 78
QVOY Sortino Ratio Rank: 76
QVOY Omega Ratio Rank: 75
QVOY Calmar Ratio Rank: 87
QVOY Martin Ratio Rank: 83

MFUL

MFUL Risk / Return Rank: 35
MFUL Sharpe Ratio Rank: 36
MFUL Sortino Ratio Rank: 32
MFUL Omega Ratio Rank: 34
MFUL Calmar Ratio Rank: 36
MFUL Martin Ratio Rank: 36

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. MFUL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Q3 All-Season Active Rotation ETF (QVOY) and Mindful Conservative ETF (MFUL). 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.

	QVOY	MFUL	Difference
Sharpe ratio Return per unit of total volatility	1.48	0.69	+0.79
Sortino ratio Return per unit of downside risk	1.96	0.94	+1.02
Omega ratio Gain probability vs. loss probability	1.29	1.14	+0.15
Calmar ratio Return relative to maximum drawdown	2.75	0.94	+1.81
Martin ratio Return relative to average drawdown	9.60	3.33	+6.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QVOY vs. MFUL - Sharpe Ratio Comparison

The current QVOY Sharpe Ratio is 1.48, which is higher than the MFUL Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of QVOY and MFUL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QVOY	MFUL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	0.69	+0.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	-0.20	+0.97

Correlation

The correlation between QVOY and MFUL is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QVOY vs. MFUL - Dividend Comparison

QVOY's dividend yield for the trailing twelve months is around 8.91%, more than MFUL's 3.13% yield.

	TTM	2025	2024	2023	2022
QVOY Q3 All-Season Active Rotation ETF	8.91%	9.30%	10.88%	6.03%	0.46%
MFUL Mindful Conservative ETF	3.13%	3.31%	2.59%	5.00%	0.29%

Drawdowns

QVOY vs. MFUL - Drawdown Comparison

The maximum QVOY drawdown since its inception was -17.05%, roughly equal to the maximum MFUL drawdown of -16.41%. Use the drawdown chart below to compare losses from any high point for QVOY and MFUL.

Drawdown Indicators

	QVOY	MFUL	Difference
Max Drawdown Largest peak-to-trough decline	-17.05%	-16.41%	-0.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-3.77%	-5.92%
Current Drawdown Current decline from peak	-6.95%	-4.13%	-2.82%
Average Drawdown Average peak-to-trough decline	-3.77%	-9.80%	+6.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	1.06%	+1.72%

Volatility

QVOY vs. MFUL - Volatility Comparison

Q3 All-Season Active Rotation ETF (QVOY) has a higher volatility of 6.16% compared to Mindful Conservative ETF (MFUL) at 1.89%. This indicates that QVOY's price experiences larger fluctuations and is considered to be riskier than MFUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QVOY	MFUL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.16%	1.89%	+4.27%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	3.10%	+10.74%
Volatility (1Y) Calculated over the trailing 1-year period	17.85%	4.75%	+13.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	4.22%	+10.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	4.22%	+10.82%