REET vs. XQLT.TO

Last updated Jun 9, 2026

REET (iShares Global REIT ETF) and XQLT.TO (iShares MSCI USA Quality Factor Index ETF) are both exchange-traded funds - REET is a REIT fund tracking the FTSE EPRA/NAREIT Global REIT Index, while XQLT.TO is a Large Cap Growth Equities fund tracking the MSCI USA Sector Neutral Quality Index. Both are passively managed. Over the past 5 years, REET returned 1.87%/yr vs 11.40%/yr for XQLT.TO. At a 0.36 correlation, their price movements are largely independent. REET charges 0.14%/yr vs 0.32%/yr for XQLT.TO.

Performance

REET vs. XQLT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global REIT ETF (REET) and iShares MSCI USA Quality Factor Index ETF (XQLT.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

REET is traded in USD, while XQLT.TO is traded in CAD. To make them comparable, the XQLT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, REET achieves a 8.47% return, which is significantly higher than XQLT.TO's 7.62% return.

REET

• 1D: -0.88%
• 1M: -1.75%
• YTD: 8.47%
• 6M: 9.73%
• 1Y: 11.75%
• 3Y*: 9.05%
• 5Y*: 1.87%
• 10Y*: 4.04%

XQLT.TO

• 1D: 0.20%
• 1M: 1.74%
• YTD: 7.62%
• 6M: 7.86%
• 1Y: 19.06%
• 3Y*: 19.12%
• 5Y*: 11.40%
• 10Y*: —

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

REET vs. XQLT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
REET iShares Global REIT ETF	8.47%	7.97%	2.65%	10.28%	-24.10%	32.43%	-10.48%	2.84%
XQLT.TO iShares MSCI USA Quality Factor Index ETF	7.62%	12.21%	22.03%	31.20%	-22.09%	27.96%	14.32%	10.82%

Correlation

The correlation between REET and XQLT.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019	0.36

REET vs. XQLT.TO - Sectors Allocation Comparison

Sectors	REET	XQLT.TO
Real Estate	99.8%	1.8%
Financial Services	0.2%	11.8%
Basic Materials	-	1.7%
Communication Services	-	11.0%
Consumer Cyclical	-	9.3%
Consumer Defensive	-	4.9%
Energy	-	4.0%
Healthcare	-	8.8%
Industrials	-	7.9%
Technology	-	37.0%
Utilities	-	1.8%

Return for Risk

REET vs. XQLT.TO — Risk / Return Rank

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

REET

REET Risk / Return Rank: 30
REET Sharpe Ratio Rank: 29
REET Sortino Ratio Rank: 28
REET Omega Ratio Rank: 28
REET Calmar Ratio Rank: 29
REET Martin Ratio Rank: 34

XQLT.TO

XQLT.TO Risk / Return Rank: 60
XQLT.TO Sharpe Ratio Rank: 59
XQLT.TO Sortino Ratio Rank: 62
XQLT.TO Omega Ratio Rank: 58
XQLT.TO Calmar Ratio Rank: 58
XQLT.TO Martin Ratio Rank: 60

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.

REET vs. XQLT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global REIT ETF (REET) and iShares MSCI USA Quality Factor Index ETF (XQLT.TO). 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.

	REET	XQLT.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.49	-0.52
Sortino ratio: Return per unit of downside risk	1.39	2.16	-0.77
Omega ratio: Gain probability vs. loss probability	1.18	1.27	-0.09
Calmar ratio: Return relative to maximum drawdown	1.31	2.20	-0.89
Martin ratio: Return relative to average drawdown	4.68	9.59	-4.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REET vs. XQLT.TO - Sharpe Ratio Comparison

The current REET Sharpe Ratio is 0.97, which is lower than the XQLT.TO Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of REET and XQLT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	REET	XQLT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	1.49	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.68	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.79	-0.54

Drawdowns

REET vs. XQLT.TO - Drawdown Comparison

The maximum REET drawdown since its inception was -44.59%, which is greater than XQLT.TO's maximum drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for REET and XQLT.TO.

Drawdown Indicators

	REET	XQLT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-44.59%	-30.79%	-13.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	-8.71%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.02%	-18.76%	+0.74%
Max Drawdown (5Y) Largest decline over 5 years	-32.11%	-29.57%	-2.54%
Max Drawdown (10Y) Largest decline over 10 years	-44.59%	—	—
Current Drawdown Current decline from peak	-2.46%	-2.60%	+0.14%
Average Drawdown Average peak-to-trough decline	-9.78%	-6.15%	-3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	1.99%	+0.53%

Volatility

REET vs. XQLT.TO - Volatility Comparison

The current volatility for iShares Global REIT ETF (REET) is 3.56%, while iShares MSCI USA Quality Factor Index ETF (XQLT.TO) has a volatility of 4.08%. This indicates that REET experiences smaller price fluctuations and is considered to be less risky than XQLT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REET	XQLT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	4.08%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	8.90%	9.97%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	12.84%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	16.91%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	18.00%	+0.85%

REET vs. XQLT.TO - Expense Ratio Comparison

REET has a 0.14% expense ratio, which is lower than XQLT.TO's 0.32% expense ratio.

Dividends

REET vs. XQLT.TO - Dividend Comparison

REET's dividend yield for the trailing twelve months is around 3.41%, more than XQLT.TO's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REET iShares Global REIT ETF	3.41%	3.67%	3.64%	3.27%	2.43%	3.18%	2.65%	5.25%	5.73%	3.84%	5.37%	3.56%
XQLT.TO iShares MSCI USA Quality Factor Index ETF	0.64%	0.69%	0.72%	0.94%	1.21%	0.87%	1.11%	1.23%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both REET and XQLT.TO in my portfolio?

REET and XQLT.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, REET or XQLT.TO?

On fees, REET is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, REET or XQLT.TO?

REET is cheaper with a 0.14% expense ratio, compared with 0.32% for XQLT.TO.

What is the main difference between REET and XQLT.TO?

REET is categorized as REIT, while XQLT.TO is Large Cap Growth Equities. REET tracks FTSE EPRA/NAREIT Global REIT Index, while XQLT.TO tracks MSCI USA Sector Neutral Quality Index. Their fees differ too: 0.14% for REET and 0.32% for XQLT.TO.