PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XQLT.TO vs. ACWV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XQLT.TO vs. ACWV

Last updated Jun 14, 2026

XQLT.TO (iShares MSCI USA Quality Factor Index ETF) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both exchange-traded funds - XQLT.TO is a Large Cap Growth Equities fund tracking the MSCI USA Sector Neutral Quality Index, while ACWV is a Large Cap Blend Equities fund tracking the MSCI ACWI Minimum Volatility Index. Both are passively managed. Over the past 5 years, XQLT.TO returned 14.75%/yr vs 8.55%/yr for ACWV. At a 0.35 correlation, their price movements are largely independent. XQLT.TO charges 0.32%/yr vs 0.20%/yr for ACWV.

Performance

XQLT.TO vs. ACWV - Performance Comparison

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

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, XQLT.TO achieves a 11.20% return, which is significantly higher than ACWV's 4.97% return.

XQLT.TO

1D
0.49%
1M
4.63%
YTD
11.20%
6M
10.64%
1Y
25.96%
3Y*
20.91%
5Y*
14.75%
10Y*
—

ACWV

1D
0.52%
1M
2.56%
YTD
4.97%
6M
4.42%
1Y
8.47%
3Y*
11.63%
5Y*
8.55%
10Y*
8.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQLT.TO vs. ACWV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XQLT.TO
iShares MSCI USA Quality Factor Index ETF		11.20%7.09%32.36%28.08%-17.15%27.90%11.61%9.78%
ACWV
iShares MSCI Global Min Vol Factor ETF		4.97%5.97%20.82%5.66%-4.68%13.91%0.60%2.92%

Correlation

The correlation between XQLT.TO and ACWV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Sep 12, 2019

0.35

XQLT.TO vs. ACWV - Sectors Allocation Comparison

Sectors
XQLT.TO
ACWV

Technology

37.0%
25.8%

Financial Services

11.8%
13.2%

Communication Services

11.0%
11.9%

Consumer Cyclical

9.3%
5.1%

Healthcare

8.8%
13.0%

Industrials

7.9%
8.1%

Consumer Defensive

4.9%
9.8%

Energy

4.0%
3.7%

Utilities

1.8%
7.3%

Real Estate

1.8%
0.6%

Basic Materials

1.7%
1.5%

Technology

XQLT.TO
37.0%
ACWV
25.8%

Financial Services

XQLT.TO
11.8%
ACWV
13.2%

Communication Services

XQLT.TO
11.0%
ACWV
11.9%

Consumer Cyclical

XQLT.TO
9.3%
ACWV
5.1%

Healthcare

XQLT.TO
8.8%
ACWV
13.0%

Industrials

XQLT.TO
7.9%
ACWV
8.1%

Consumer Defensive

XQLT.TO
4.9%
ACWV
9.8%

Energy

XQLT.TO
4.0%
ACWV
3.7%

Utilities

XQLT.TO
1.8%
ACWV
7.3%

Real Estate

XQLT.TO
1.8%
ACWV
0.6%

Basic Materials

XQLT.TO
1.7%
ACWV
1.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Quality Factor Index ETF

iShares MSCI Global Min Vol Factor ETF

Often compared with XQLT.TO:
XQLT.TO vs. XVLU.TOXQLT.TO vs. HYLD.TOXQLT.TO vs. VOOXQLT.TO vs. VFV.TOXQLT.TO vs. SPYXQLT.TO vs. ZSP.TOXQLT.TO vs. XGRO.TO
Often compared with ACWV:
ACWV vs. USMVACWV vs. VTACWV vs. MVOL.LACWV vs. EFAVACWV vs. SPLVACWV vs. VOOACWV vs. XMW.TO

Return for Risk

XQLT.TO vs. ACWV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XQLT.TO
XQLT.TO Risk / Return Rank: 6868
Overall Rank
XQLT.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
XQLT.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
XQLT.TO Omega Ratio Rank: 6868
Omega Ratio Rank
XQLT.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
XQLT.TO Martin Ratio Rank: 6767
Martin Ratio Rank
ACWV
ACWV Risk / Return Rank: 2020
Overall Rank
ACWV Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
ACWV Sortino Ratio Rank: 1919
Sortino Ratio Rank
ACWV Omega Ratio Rank: 1919
Omega Ratio Rank
ACWV Calmar Ratio Rank: 2020
Calmar Ratio Rank
ACWV Martin Ratio Rank: 2121
Martin Ratio Rank
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.

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

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

XQLT.TOACWVDifference
Sharpe ratioReturn per unit of total volatility
1.97
0.80

+1.17

Sortino ratioReturn per unit of downside risk
2.83
1.17

+1.66

Omega ratioGain probability vs. loss probability

1.35

1.15

+0.21

Calmar ratioReturn relative to maximum drawdown

2.85

1.36

+1.49

Martin ratioReturn relative to average drawdown

10.88

3.35

+7.53

XQLT.TO vs. ACWV - Sharpe Ratio Comparison

The current XQLT.TO Sharpe Ratio is 1.97, which is higher than the ACWV Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of XQLT.TO and ACWV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XQLT.TO vs. ACWV - Drawdown Comparison

The maximum XQLT.TO drawdown since its inception was -25.12%, which is greater than ACWV's maximum drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for XQLT.TO and ACWV.

Loading charts...

Drawdown Indicators

XQLT.TOACWVDifference

Max Drawdown

Largest peak-to-trough decline

-25.12%

-22.43%

-2.69%

Max Drawdown (1Y)

Largest decline over 1 year

-8.35%

-5.27%

-3.08%

Max Drawdown (3Y)

Largest decline over 3 years

-18.95%

-8.50%

-10.45%

Max Drawdown (5Y)

Largest decline over 5 years

-25.12%

-14.73%

-10.39%

Max Drawdown (10Y)

Largest decline over 10 years

—

-22.43%

—

Current Drawdown

Current decline from peak

-0.14%

-0.30%

+0.16%

Average Drawdown

Average peak-to-trough decline

-5.18%

-2.67%

-2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

2.15%

+0.05%

Volatility

XQLT.TO vs. ACWV - Volatility Comparison

iShares MSCI USA Quality Factor Index ETF (XQLT.TO) has a higher volatility of 4.62% compared to iShares MSCI Global Min Vol Factor ETF (ACWV) at 2.45%. This indicates that XQLT.TO's price experiences larger fluctuations and is considered to be riskier than ACWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XQLT.TOACWVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.62%

2.45%

+2.17%

Volatility (6M)

Calculated over the trailing 6-month period

9.69%

6.57%

+3.12%

Volatility (1Y)

Calculated over the trailing 1-year period

12.11%

9.05%

+3.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.62%

12.01%

+3.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.44%

13.94%

+2.50%

XQLT.TO vs. ACWV - Expense Ratio Comparison

XQLT.TO has a 0.32% expense ratio, which is higher than ACWV's 0.20% expense ratio.

Dividends

XQLT.TO vs. ACWV - Dividend Comparison

XQLT.TO's dividend yield for the trailing twelve months is around 0.63%, less than ACWV's 2.03% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWV
iShares MSCI Global Min Vol Factor ETF		2.03%2.09%2.33%2.41%2.18%1.92%1.77%2.54%2.32%2.04%2.56%2.28%
XQLT.TO
iShares MSCI USA Quality Factor Index ETF		0.63%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

XQLT.TO and ACWV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ACWV is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ACWV is cheaper with a 0.20% expense ratio, compared with 0.32% for XQLT.TO.

XQLT.TO is categorized as Large Cap Growth Equities, while ACWV is Large Cap Blend Equities. XQLT.TO tracks MSCI USA Sector Neutral Quality Index, while ACWV tracks MSCI ACWI Minimum Volatility Index. Their fees differ too: 0.32% for XQLT.TO and 0.20% for ACWV.

Portfolio Optimizer

Find the right allocation for XQLT.TO and ACWV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer