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XQLT.TO vs. EFAV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XQLT.TO vs. EFAV

Last updated Jun 9, 2026

XQLT.TO (iShares MSCI USA Quality Factor Index ETF) and EFAV (iShares Edge MSCI Min Vol EAFE ETF) are both exchange-traded funds - XQLT.TO is a Large Cap Growth Equities fund tracking the MSCI USA Sector Neutral Quality Index, while EFAV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Minimum Volatility Index. Both are passively managed. Over the past 5 years, XQLT.TO returned 14.58%/yr vs 9.04%/yr for EFAV. At a 0.30 correlation, their price movements are largely independent. XQLT.TO charges 0.32%/yr vs 0.20%/yr for EFAV.

Performance

XQLT.TO vs. EFAV - 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 Edge MSCI Min Vol EAFE ETF (EFAV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XQLT.TO is traded in CAD, while EFAV is traded in USD. To make them comparable, the EFAV 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 9.58% return, which is significantly higher than EFAV's 5.66% return.

XQLT.TO

1D
0.47%
1M
3.86%
YTD
9.58%
6M
8.72%
1Y
21.48%
3Y*
20.83%
5Y*
14.58%
10Y*
—

EFAV

1D
0.88%
1M
0.15%
YTD
5.66%
6M
6.98%
1Y
11.17%
3Y*
14.45%
5Y*
9.04%
10Y*
7.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQLT.TO vs. EFAV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XQLT.TO
iShares MSCI USA Quality Factor Index ETF		9.58%7.09%32.36%28.08%-17.15%27.90%11.61%9.78%
EFAV
iShares Edge MSCI Min Vol EAFE ETF		5.66%20.25%14.22%9.84%-9.73%7.15%-2.43%3.52%

Correlation

The correlation between XQLT.TO and EFAV is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.35

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

0.27

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

0.31

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2019

0.30

XQLT.TO vs. EFAV - Sectors Allocation Comparison

Sectors
XQLT.TO
EFAV

Technology

37.0%
4.5%

Financial Services

11.8%
19.9%

Communication Services

11.0%
9.7%

Consumer Cyclical

9.3%
5.2%

Healthcare

8.8%
12.4%

Industrials

7.9%
15.1%

Consumer Defensive

4.9%
11.5%

Energy

4.0%
8.2%

Utilities

1.8%
9.1%

Real Estate

1.8%
2.9%

Basic Materials

1.7%
1.6%

Technology

XQLT.TO
37.0%
EFAV
4.5%

Financial Services

XQLT.TO
11.8%
EFAV
19.9%

Communication Services

XQLT.TO
11.0%
EFAV
9.7%

Consumer Cyclical

XQLT.TO
9.3%
EFAV
5.2%

Healthcare

XQLT.TO
8.8%
EFAV
12.4%

Industrials

XQLT.TO
7.9%
EFAV
15.1%

Consumer Defensive

XQLT.TO
4.9%
EFAV
11.5%

Energy

XQLT.TO
4.0%
EFAV
8.2%

Utilities

XQLT.TO
1.8%
EFAV
9.1%

Real Estate

XQLT.TO
1.8%
EFAV
2.9%

Basic Materials

XQLT.TO
1.7%
EFAV
1.6%

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 Edge MSCI Min Vol EAFE ETF

Often compared with XQLT.TO:
XQLT.TO vs. XVLU.TOXQLT.TO vs. HYLD.TOXQLT.TO vs. VOOXQLT.TO vs. SPYXQLT.TO vs. VFV.TOXQLT.TO vs. ZSP.TOXQLT.TO vs. XGRO.TO
Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. USMVEFAV vs. EFASEFAV vs. SPLV

Return for Risk

XQLT.TO vs. EFAV — 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: 6060
Overall Rank
XQLT.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
XQLT.TO Sortino Ratio Rank: 6262
Sortino Ratio Rank
XQLT.TO Omega Ratio Rank: 5858
Omega Ratio Rank
XQLT.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
XQLT.TO Martin Ratio Rank: 6060
Martin Ratio Rank
EFAV
EFAV Risk / Return Rank: 2727
Overall Rank
EFAV Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
EFAV Sortino Ratio Rank: 2525
Sortino Ratio Rank
EFAV Omega Ratio Rank: 2525
Omega Ratio Rank
EFAV Calmar Ratio Rank: 3131
Calmar Ratio Rank
EFAV Martin Ratio Rank: 2929
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. EFAV - 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 Edge MSCI Min Vol EAFE ETF (EFAV). 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.

XQLT.TOEFAVDifference
Sharpe ratioReturn per unit of total volatility
1.80
0.98

+0.82

Sortino ratioReturn per unit of downside risk
2.60
1.43

+1.17

Omega ratioGain probability vs. loss probability

1.32

1.18

+0.15

Calmar ratioReturn relative to maximum drawdown

2.59

1.85

+0.73

Martin ratioReturn relative to average drawdown

9.77

5.02

+4.75

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XQLT.TO vs. EFAV - Sharpe Ratio Comparison

The current XQLT.TO Sharpe Ratio is 1.80, which is higher than the EFAV Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of XQLT.TO and EFAV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XQLT.TOEFAVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.80

0.98

+0.82

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.68

+0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.48

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

0.62

+0.30

Drawdowns

XQLT.TO vs. EFAV - Drawdown Comparison

The maximum XQLT.TO drawdown since its inception was -25.12%, roughly equal to the maximum EFAV drawdown of -24.54%. Use the drawdown chart below to compare losses from any high point for XQLT.TO and EFAV.

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Drawdown Indicators

XQLT.TOEFAVDifference

Max Drawdown

Largest peak-to-trough decline

-25.12%

-24.54%

-0.58%

Max Drawdown (1Y)

Largest decline over 1 year

-8.35%

-6.05%

-2.30%

Max Drawdown (3Y)

Largest decline over 3 years

-18.95%

-8.27%

-10.68%

Max Drawdown (5Y)

Largest decline over 5 years

-25.12%

-21.95%

-3.17%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.54%

—

Current Drawdown

Current decline from peak

-1.60%

-3.81%

+2.21%

Average Drawdown

Average peak-to-trough decline

-5.20%

-4.00%

-1.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

2.23%

-0.03%

Volatility

XQLT.TO vs. EFAV - Volatility Comparison

iShares MSCI USA Quality Factor Index ETF (XQLT.TO) has a higher volatility of 4.18% compared to iShares Edge MSCI Min Vol EAFE ETF (EFAV) at 3.14%. This indicates that XQLT.TO's price experiences larger fluctuations and is considered to be riskier than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XQLT.TOEFAVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.18%

3.14%

+1.04%

Volatility (6M)

Calculated over the trailing 6-month period

9.52%

9.11%

+0.41%

Volatility (1Y)

Calculated over the trailing 1-year period

12.01%

11.52%

+0.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.60%

13.32%

+2.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.45%

14.77%

+1.68%

XQLT.TO vs. EFAV - Expense Ratio Comparison

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

Dividends

XQLT.TO vs. EFAV - Dividend Comparison

XQLT.TO's dividend yield for the trailing twelve months is around 0.64%, less than EFAV's 3.08% yield.

PositionTTM20252024202320222021202020192018201720162015
EFAV
iShares Edge MSCI Min Vol EAFE ETF		3.08%3.20%3.24%3.08%2.53%2.47%1.33%4.19%3.34%2.45%3.94%2.49%
XQLT.TO
iShares MSCI USA Quality Factor Index ETF		0.64%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 EFAV have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

EFAV 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 EFAV is Foreign Large Cap Equities. XQLT.TO tracks MSCI USA Sector Neutral Quality Index, while EFAV tracks MSCI EAFE Minimum Volatility Index. Their fees differ too: 0.32% for XQLT.TO and 0.20% for EFAV.

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