VIGI vs. IQLT

Last updated Aug 2, 2026

VIGI (Vanguard International Dividend Appreciation ETF) and IQLT (iShares MSCI Intl Quality Factor ETF) are both exchange-traded funds - VIGI is a Dividend fund tracking the S&P Global Ex-U.S. Dividend Growers Index, while IQLT is a Quality Factor fund tracking the MSCI World ex USA Sector Neutral Quality Index (Net). Both are passively managed. Over the past 10 years, VIGI returned 8.05%/yr vs 9.70%/yr for IQLT. Their correlation of 0.91 means they have usually moved in the same direction. VIGI charges 0.15%/yr vs 0.30%/yr for IQLT.

Performance

VIGI vs. IQLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International Dividend Appreciation ETF (VIGI) 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, VIGI achieves a 7.63% return, which is significantly lower than IQLT's 12.06% return. Over the past 10 years, VIGI has underperformed IQLT with an annualized return of 8.05%, while IQLT has yielded a comparatively higher 9.70% annualized return.

VIGI

• 1D: -0.83%
• 1M: 2.41%
• 6M: 6.45%
• YTD: 7.63%
• 1Y: 15.49%
• 3Y*: 10.89%
• 5Y*: 5.26%
• 10Y*: 8.05%
• ALL TIME*: 8.81%

IQLT

• 1D: -0.81%
• 1M: 1.15%
• 6M: 6.98%
• YTD: 12.06%
• 1Y: 24.16%
• 3Y*: 14.51%
• 5Y*: 7.74%
• 10Y*: 9.70%
• ALL TIME*: 8.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQLT iShares MSCI Intl Quality Factor ETF	$80.44M	$83.91M	$72.09M
VIGI Vanguard International Dividend Appreciation ETF	$22.25M	$25.32M	$27.49M

VIGI vs. IQLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIGI Vanguard International Dividend Appreciation ETF	7.63%	16.88%	2.73%	16.30%	-16.79%	12.51%	14.66%	27.53%	-11.50%	27.97%
IQLT iShares MSCI Intl Quality Factor ETF	12.06%	25.42%	1.54%	18.73%	-15.22%	12.94%	12.48%	28.18%	-10.76%	24.04%

Correlation

The correlation between VIGI and IQLT 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 (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016	0.91

The correlation between VIGI and IQLT has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

VIGI vs. IQLT - Sectors Allocation Comparison

Sectors	VIGI	IQLT
Financial Services	29.3%	26.4%
Industrials	15.8%	18.0%
Healthcare	15.0%	8.8%
Technology	13.3%	12.3%
Consumer Defensive	9.4%	6.4%
Utilities	5.0%	3.7%
Basic Materials	4.2%	6.7%
Consumer Cyclical	2.7%	7.7%
Energy	2.3%	5.5%
Communication Services	1.3%	2.4%
Real Estate	1.1%	1.5%

Return for Risk

VIGI vs. IQLT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VIGI

VIGI Risk / Return Rank: 47
VIGI Sharpe Ratio Rank: 49
VIGI Sortino Ratio Rank: 49
VIGI Omega Ratio Rank: 47
VIGI Calmar Ratio Rank: 41
VIGI Martin Ratio Rank: 47

IQLT

IQLT Risk / Return Rank: 69
IQLT Sharpe Ratio Rank: 70
IQLT Sortino Ratio Rank: 70
IQLT Omega Ratio Rank: 66
IQLT Calmar Ratio Rank: 66
IQLT Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VIGI vs. IQLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International Dividend Appreciation ETF (VIGI) 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.

	VIGI	IQLT	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.58	-0.39
Sortino ratio: Return per unit of downside risk	1.74	2.28	-0.53
Omega ratio: Gain probability vs. loss probability	1.21	1.28	-0.06
Calmar ratio: Return relative to maximum drawdown	1.45	2.30	-0.85
Martin ratio: Return relative to average drawdown	5.31	9.18	-3.87

VIGI vs. IQLT - Sharpe Ratio Comparison

The current VIGI Sharpe Ratio is 1.20, which is comparable to the IQLT Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of VIGI 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

VIGI vs. IQLT - Drawdown Comparison

The maximum VIGI drawdown since its inception was -31.01%, roughly equal to the maximum IQLT drawdown of -32.21%. Use the drawdown chart below to compare losses from any high point for VIGI and IQLT.

Drawdown Indicators

	VIGI	IQLT	Difference
Max Drawdown Largest peak-to-trough decline	-31.01%	-32.21%	+1.20%
Max Drawdown (1Y) Largest decline over 1 year	-10.64%	-10.38%	-0.26%
Max Drawdown (3Y) Largest decline over 3 years	-14.50%	-13.18%	-1.32%
Max Drawdown (5Y) Largest decline over 5 years	-28.80%	-30.24%	+1.44%
Max Drawdown (10Y) Largest decline over 10 years	-31.01%	-32.21%	+1.20%
Current Drawdown Current decline from peak	-0.83%	-0.81%	-0.02%
Average Drawdown Average peak-to-trough decline	-6.10%	-6.15%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	2.59%	+0.30%

Volatility

VIGI vs. IQLT - Volatility Comparison

Vanguard International Dividend Appreciation ETF (VIGI) and iShares MSCI Intl Quality Factor ETF (IQLT) have volatilities of 3.71% and 3.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIGI	IQLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	3.86%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	12.95%	-2.36%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	15.13%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	16.57%	-2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	16.77%	-1.02%

VIGI vs. IQLT - Expense Ratio Comparison

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

Dividends

VIGI vs. IQLT - Dividend Comparison

VIGI's dividend yield for the trailing twelve months is around 2.05%, less than IQLT's 2.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQLT iShares MSCI Intl Quality Factor ETF	2.38%	2.33%	2.87%	2.27%	3.14%	2.24%	1.61%	2.28%	2.72%	2.36%	2.91%	2.78%
VIGI Vanguard International Dividend Appreciation ETF	2.05%	2.14%	1.93%	1.92%	2.06%	7.02%	1.29%	1.83%	1.99%	1.75%	1.05%	0.00%

Frequently Asked Questions

Can I hold both VIGI and IQLT in my portfolio?

VIGI and IQLT 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.

Which is riskier, VIGI or IQLT?

IQLT has higher volatility (3.86%) compared to VIGI (3.71%). In terms of maximum drawdown, VIGI dropped -31.01% vs IQLT's -32.21%.

Which ETF is better, VIGI or IQLT?

On 10-year performance, IQLT leads with 9.70% vs 8.05% for VIGI. On fees, VIGI is cheaper at 0.15% per year. On volatility, VIGI has been the lower-risk option at 3.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VIGI or IQLT?

Over the 10-year period, IQLT has performed better with a 9.70% return vs 8.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VIGI or IQLT?

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

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

IQLT has the higher dividend yield at 2.38%, compared with 2.05% for VIGI.

What is the main difference between VIGI and IQLT?

VIGI is categorized as Dividend, while IQLT is Quality Factor. VIGI tracks S&P Global Ex-U.S. Dividend Growers Index, while IQLT tracks MSCI World ex USA Sector Neutral Quality Index (Net). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VIGI and 0.30% for IQLT.

Which has better risk-adjusted returns?

IQLT currently has the higher Sharpe Ratio (1.58 vs 1.20), 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.