VEGA vs. AQLT
VEGA (AdvisorShares STAR Global Buy-Write ETF) and AQLT (iShares MSCI Global Quality Factor ETF) are both exchange-traded funds - VEGA is a Global Equities fund actively managed by AdvisorShares, while AQLT is a Quality Factor fund tracking the MSCI ACWI Quality Index (Net). VEGA is actively managed, while AQLT is passively managed. Over the past year, VEGA returned 15.47% vs 26.33% for AQLT. Their correlation of 0.87 means they have usually moved in the same direction. VEGA charges 2.02%/yr vs 0.20%/yr for AQLT.
Performance
VEGA vs. AQLT - Performance Comparison
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Returns By Period
In the year-to-date period, VEGA achieves a 8.26% return, which is significantly lower than AQLT's 14.56% return.
VEGA
- 1D
- 1.23%
- 1M
- 1.59%
- 6M
- 5.92%
- YTD
- 8.26%
- 1Y
- 15.47%
- 3Y*
- 13.55%
- 5Y*
- 7.00%
- 10Y*
- 7.65%
- ALL TIME*
- 6.24%
AQLT
- 1D
- 2.01%
- 1M
- 2.02%
- 6M
- 10.17%
- YTD
- 14.56%
- 1Y
- 26.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $827.33K | $1.15M | $1.18M | |
| $257.33K | $224.28K | $298.61K |
VEGA vs. AQLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 8.26% | 15.83% | -3.35% |
AQLT iShares MSCI Global Quality Factor ETF | 14.56% | 17.65% | -3.38% |
Correlation
The correlation between VEGA and AQLT is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | 0.87 |
The correlation between VEGA and AQLT has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
VEGA vs. AQLT — Risk / Return Rank
VEGA
AQLT
VEGA vs. AQLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) and iShares MSCI Global Quality Factor ETF (AQLT). 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.
| VEGA | AQLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.48 | -0.21 |
| Martin ratioReturn relative to average drawdown | 9.44 | 10.81 | -1.37 |
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Drawdowns
VEGA vs. AQLT - Drawdown Comparison
The maximum VEGA drawdown since its inception was -28.37%, which is greater than AQLT's maximum drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for VEGA and AQLT.
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Drawdown Indicators
| VEGA | AQLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.37% | -16.84% | -11.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -10.68% | +3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.37% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -2.24% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.44% | -0.80% |
Volatility
VEGA vs. AQLT - Volatility Comparison
The current volatility for AdvisorShares STAR Global Buy-Write ETF (VEGA) is 3.18%, while iShares MSCI Global Quality Factor ETF (AQLT) has a volatility of 4.09%. This indicates that VEGA experiences smaller price fluctuations and is considered to be less risky than AQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEGA | AQLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 4.09% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 12.16% | -4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.94% | 14.47% | -4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 16.93% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 16.93% | -4.19% |
VEGA vs. AQLT - Expense Ratio Comparison
VEGA has a 2.02% expense ratio, which is higher than AQLT's 0.20% expense ratio.
Dividends
VEGA vs. AQLT - Dividend Comparison
VEGA's dividend yield for the trailing twelve months is around 1.24%, more than AQLT's 0.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AQLT iShares MSCI Global Quality Factor ETF | 0.97% | 1.05% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.24% | 1.34% | 1.05% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% |
Frequently Asked Questions
VEGA and AQLT have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AQLT has higher volatility (4.09%) compared to VEGA (3.18%). In terms of maximum drawdown, VEGA dropped -28.37% vs AQLT's -16.84%.
On 1-year performance, AQLT leads with 26.33% vs 15.47% for VEGA. On fees, AQLT is cheaper at 0.20% per year. On volatility, VEGA has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AQLT has performed better with a 26.33% return vs 15.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AQLT is cheaper with a 0.20% expense ratio, compared with 2.02% for VEGA.
VEGA has the higher dividend yield at 1.24%, compared with 0.97% for AQLT.
VEGA is categorized as Global Equities, while AQLT is Quality Factor. They also come from different issuers: AdvisorShares and iShares. Their fees differ too: 2.02% for VEGA and 0.20% for AQLT.
AQLT currently has the higher Sharpe Ratio (1.84 vs 1.57), 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.
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