SLYV vs. IQLT

Last updated Jun 14, 2026

SLYV (SPDR S&P 600 Small Cap Value ETF) and IQLT (iShares MSCI Intl Quality Factor ETF) are both exchange-traded funds - SLYV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while IQLT is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Sector Neutral Quality Index (Net). Both are passively managed. Over the past 10 years, SLYV returned 10.65%/yr vs 10.17%/yr for IQLT. A 0.60 correlation means they provide meaningful diversification when combined. SLYV charges 0.15%/yr vs 0.30%/yr for IQLT.

Performance

SLYV vs. IQLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 600 Small Cap Value ETF (SLYV) and iShares MSCI Intl Quality Factor ETF (IQLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLYV achieves a 19.47% return, which is significantly higher than IQLT's 9.81% return. Both investments have delivered pretty close results over the past 10 years, with SLYV having a 10.65% annualized return and IQLT not far behind at 10.17%.

SLYV

• 1D: 1.09%
• 1M: 6.39%
• YTD: 19.47%
• 6M: 16.63%
• 1Y: 41.92%
• 3Y*: 14.32%
• 5Y*: 6.28%
• 10Y*: 10.65%

IQLT

• 1D: 0.04%
• 1M: 1.57%
• YTD: 9.81%
• 6M: 11.22%
• 1Y: 18.29%
• 3Y*: 14.25%
• 5Y*: 7.32%
• 10Y*: 10.17%

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

SLYV vs. IQLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLYV SPDR S&P 600 Small Cap Value ETF	19.47%	6.54%	7.28%	14.82%	-11.08%	30.57%	2.68%	24.26%	-12.77%	11.74%
IQLT iShares MSCI Intl Quality Factor ETF	9.81%	25.42%	1.54%	18.73%	-15.22%	12.94%	12.48%	28.18%	-10.76%	24.04%

Correlation

The correlation between SLYV and IQLT is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jan 15, 2015	0.60

The correlation between SLYV and IQLT has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.

SLYV vs. IQLT - Sectors Allocation Comparison

Sectors	SLYV	IQLT
Financial Services	19.5%	24.9%
Consumer Cyclical	15.4%	8.2%
Technology	13.4%	11.8%
Industrials	11.6%	17.8%
Real Estate	8.6%	1.5%
Healthcare	7.3%	9.2%
Energy	7.0%	5.6%
Basic Materials	6.9%	7.2%
Communication Services	4.4%	3.2%
Consumer Defensive	3.8%	6.4%
Utilities	2.1%	3.7%

Return for Risk

SLYV vs. IQLT — Risk / Return Rank

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

SLYV

SLYV Risk / Return Rank: 79
SLYV Sharpe Ratio Rank: 78
SLYV Sortino Ratio Rank: 79
SLYV Omega Ratio Rank: 72
SLYV Calmar Ratio Rank: 86
SLYV Martin Ratio Rank: 81

IQLT

IQLT Risk / Return Rank: 37
IQLT Sharpe Ratio Rank: 36
IQLT Sortino Ratio Rank: 36
IQLT Omega Ratio Rank: 33
IQLT Calmar Ratio Rank: 37
IQLT Martin Ratio Rank: 43

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.

SLYV vs. IQLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 600 Small Cap Value ETF (SLYV) and iShares MSCI Intl Quality Factor ETF (IQLT). 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.

	SLYV	IQLT	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.13	+1.02
Sortino ratio: Return per unit of downside risk	3.06	1.67	+1.39
Omega ratio: Gain probability vs. loss probability	1.37	1.20	+0.17
Calmar ratio: Return relative to maximum drawdown	4.20	1.63	+2.57
Martin ratio: Return relative to average drawdown	13.96	6.18	+7.77

SLYV vs. IQLT - Sharpe Ratio Comparison

The current SLYV Sharpe Ratio is 2.15, which is higher than the IQLT Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of SLYV and IQLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SLYV vs. IQLT - Drawdown Comparison

The maximum SLYV drawdown since its inception was -61.15%, which is greater than IQLT's maximum drawdown of -32.21%. Use the drawdown chart below to compare losses from any high point for SLYV and IQLT.

Drawdown Indicators

	SLYV	IQLT	Difference
Max Drawdown Largest peak-to-trough decline	-61.15%	-32.21%	-28.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-10.38%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	-28.68%	-13.18%	-15.50%
Max Drawdown (5Y) Largest decline over 5 years	-28.68%	-30.24%	+1.56%
Max Drawdown (10Y) Largest decline over 10 years	-47.73%	-32.21%	-15.52%
Current Drawdown Current decline from peak	0.00%	-0.04%	+0.04%
Average Drawdown Average peak-to-trough decline	-8.93%	-6.21%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	2.74%	+0.08%

Volatility

SLYV vs. IQLT - Volatility Comparison

The current volatility for SPDR S&P 600 Small Cap Value ETF (SLYV) is 4.81%, while iShares MSCI Intl Quality Factor ETF (IQLT) has a volatility of 5.41%. This indicates that SLYV experiences smaller price fluctuations and is considered to be less risky than IQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLYV	IQLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	5.41%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	12.72%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.31%	15.00%	+3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.97%	16.55%	+5.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.96%	17.00%	+6.96%

SLYV vs. IQLT - Expense Ratio Comparison

SLYV has a 0.15% expense ratio, which is lower than IQLT's 0.30% expense ratio.

Dividends

SLYV vs. IQLT - Dividend Comparison

SLYV's dividend yield for the trailing twelve months is around 1.75%, less than IQLT's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQLT iShares MSCI Intl Quality Factor ETF	2.12%	2.33%	2.87%	2.27%	3.14%	2.24%	1.61%	2.28%	2.72%	2.36%	2.91%	2.78%
SLYV SPDR S&P 600 Small Cap Value ETF	1.75%	2.02%	2.30%	2.11%	1.47%	1.94%	1.40%	1.67%	2.14%	5.53%	2.18%	6.55%

Frequently Asked Questions

Can I hold both SLYV and IQLT in my portfolio?

SLYV and IQLT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLYV or IQLT?

IQLT has higher volatility (5.41%) compared to SLYV (4.81%). In terms of maximum drawdown, SLYV dropped -61.15% vs IQLT's -32.21%.

Which ETF is better, SLYV or IQLT?

On 10-year performance, SLYV leads with 10.65% vs 10.17% for IQLT. On fees, SLYV is cheaper at 0.15% per year. On volatility, SLYV has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLYV or IQLT?

Over the 10-year period, SLYV has performed better with a 10.65% return vs 10.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLYV or IQLT?

SLYV is cheaper with a 0.15% expense ratio, compared with 0.30% for IQLT.

Which ETF pays a higher dividend yield, SLYV or IQLT?

IQLT has the higher dividend yield at 2.12%, compared with 1.75% for SLYV.

What is the main difference between SLYV and IQLT?

SLYV is categorized as Small Cap Value Equities, while IQLT is Foreign Large Cap Equities. SLYV tracks S&P SmallCap 600 Value Index, while IQLT tracks MSCI World ex USA Sector Neutral Quality Index (Net). They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SLYV and 0.30% for IQLT.

Which has better risk-adjusted returns?

SLYV currently has the higher Sharpe Ratio (2.15 vs 1.13), 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.