VSDA vs. QWLD

Last updated Aug 2, 2026

VSDA (VictoryShares Dividend Accelerator ETF) and QWLD (SPDR MSCI World StrategicFactors ETF) are both Large Cap Growth Equities funds - VSDA tracks the Nasdaq Victory Dividend Accelerator Index while QWLD tracks the MSCI World Factor Mix A-Series (USD). Both are passively managed. Over the past 5 years, VSDA returned 7.82%/yr vs 10.03%/yr for QWLD. Their 0.74 correlation means they have sometimes moved together and sometimes differently. VSDA charges 0.35%/yr vs 0.30%/yr for QWLD.

Performance

VSDA vs. QWLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Dividend Accelerator ETF (VSDA) and SPDR MSCI World StrategicFactors ETF (QWLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSDA achieves a 13.64% return, which is significantly higher than QWLD's 9.39% return.

VSDA

• 1D: -0.29%
• 1M: 0.10%
• 6M: 7.03%
• YTD: 13.64%
• 1Y: 16.75%
• 3Y*: 10.52%
• 5Y*: 7.82%
• 10Y*: —
• ALL TIME*: 11.73%

QWLD

• 1D: 0.22%
• 1M: 1.63%
• 6M: 6.46%
• YTD: 9.39%
• 1Y: 19.11%
• 3Y*: 15.49%
• 5Y*: 10.03%
• 10Y*: 11.57%
• ALL TIME*: 10.49%

*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)
QWLD SPDR MSCI World StrategicFactors ETF	$231.12K	$297.84K	$1.04M
VSDA VictoryShares Dividend Accelerator ETF	$277.58K	$512.78K	$510.25K

VSDA vs. QWLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSDA VictoryShares Dividend Accelerator ETF	13.64%	6.67%	9.40%	8.74%	-4.42%	21.95%	12.72%	31.39%	-1.40%	14.07%
QWLD SPDR MSCI World StrategicFactors ETF	9.39%	17.93%	14.44%	19.59%	-13.30%	21.57%	10.24%	27.59%	-7.02%	15.19%

Correlation

The correlation between VSDA and QWLD is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017	0.74

The correlation between VSDA and QWLD shifts across timeframes, from 0.64 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

VSDA vs. QWLD - Sectors Allocation Comparison

Sectors	VSDA	QWLD
Consumer Defensive	31.2%	8.1%
Financial Services	21.6%	16.5%
Industrials	17.5%	10.9%
Basic Materials	8.0%	2.5%
Healthcare	7.3%	13.2%
Consumer Cyclical	5.1%	6.3%
Technology	4.7%	24.9%
Utilities	2.5%	3.8%
Energy	2.1%	3.4%
Communication Services	0.0%	9.5%
Real Estate	0.0%	1.0%

Return for Risk

VSDA vs. QWLD — Risk / Return Rank

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

VSDA

VSDA Risk / Return Rank: 54
VSDA Sharpe Ratio Rank: 61
VSDA Sortino Ratio Rank: 66
VSDA Omega Ratio Rank: 54
VSDA Calmar Ratio Rank: 48
VSDA Martin Ratio Rank: 41

QWLD

QWLD Risk / Return Rank: 80
QWLD Sharpe Ratio Rank: 83
QWLD Sortino Ratio Rank: 84
QWLD Omega Ratio Rank: 82
QWLD Calmar Ratio Rank: 70
QWLD Martin Ratio Rank: 81

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.

VSDA vs. QWLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Dividend Accelerator ETF (VSDA) and SPDR MSCI World StrategicFactors ETF (QWLD). 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.

	VSDA	QWLD	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.93	-0.52
Sortino ratio: Return per unit of downside risk	2.17	2.75	-0.58
Omega ratio: Gain probability vs. loss probability	1.24	1.34	-0.10
Calmar ratio: Return relative to maximum drawdown	1.74	2.44	-0.71
Martin ratio: Return relative to average drawdown	4.37	10.67	-6.31

VSDA vs. QWLD - Sharpe Ratio Comparison

The current VSDA Sharpe Ratio is 1.42, which is comparable to the QWLD Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of VSDA and QWLD, 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

VSDA vs. QWLD - Drawdown Comparison

The maximum VSDA drawdown since its inception was -32.12%, roughly equal to the maximum QWLD drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for VSDA and QWLD.

Drawdown Indicators

	VSDA	QWLD	Difference
Max Drawdown Largest peak-to-trough decline	-32.12%	-31.89%	-0.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-7.66%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-15.54%	-12.40%	-3.14%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	-22.84%	+6.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.89%	—
Current Drawdown Current decline from peak	-1.97%	0.00%	-1.97%
Average Drawdown Average peak-to-trough decline	-3.60%	-3.66%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	1.75%	+2.00%

Volatility

VSDA vs. QWLD - Volatility Comparison

VictoryShares Dividend Accelerator ETF (VSDA) has a higher volatility of 4.48% compared to SPDR MSCI World StrategicFactors ETF (QWLD) at 2.30%. This indicates that VSDA's price experiences larger fluctuations and is considered to be riskier than QWLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSDA	QWLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	2.30%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	7.73%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	11.62%	9.71%	+1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.13%	13.51%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	15.12%	+1.42%

VSDA vs. QWLD - Expense Ratio Comparison

VSDA has a 0.35% expense ratio, which is higher than QWLD's 0.30% expense ratio.

Dividends

VSDA vs. QWLD - Dividend Comparison

VSDA's dividend yield for the trailing twelve months is around 2.44%, more than QWLD's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QWLD SPDR MSCI World StrategicFactors ETF	1.79%	1.85%	1.74%	1.78%	2.02%	1.77%	1.77%	2.13%	2.33%	2.73%	2.22%	3.42%
VSDA VictoryShares Dividend Accelerator ETF	2.44%	2.65%	2.36%	1.92%	1.83%	1.40%	1.49%	1.36%	1.69%	1.23%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VSDA and QWLD in my portfolio?

VSDA and QWLD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSDA or QWLD?

VSDA has higher volatility (4.48%) compared to QWLD (2.30%). In terms of maximum drawdown, VSDA dropped -32.12% vs QWLD's -31.89%.

Which ETF is better, VSDA or QWLD?

On 5-year performance, QWLD leads with 10.03% vs 7.82% for VSDA. On fees, QWLD is cheaper at 0.30% per year. On volatility, QWLD has been the lower-risk option at 2.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VSDA or QWLD?

Over the 5-year period, QWLD has performed better with a 10.03% return vs 7.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VSDA or QWLD?

QWLD is cheaper with a 0.30% expense ratio, compared with 0.35% for VSDA.

Which ETF pays a higher dividend yield, VSDA or QWLD?

VSDA has the higher dividend yield at 2.44%, compared with 1.79% for QWLD.

What is the main difference between VSDA and QWLD?

VSDA tracks Nasdaq Victory Dividend Accelerator Index, while QWLD tracks MSCI World Factor Mix A-Series (USD). They also come from different issuers: Crestview and State Street. Their fees differ too: 0.35% for VSDA and 0.30% for QWLD.

Which has better risk-adjusted returns?

QWLD currently has the higher Sharpe Ratio (1.93 vs 1.42), 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.