XQLT.TO vs. QDIV

Last updated Jun 14, 2026

XQLT.TO (iShares MSCI USA Quality Factor Index ETF) and QDIV (Global X S&P 500 Quality Dividend ETF) are both exchange-traded funds - XQLT.TO is a Large Cap Growth Equities fund tracking the MSCI USA Sector Neutral Quality Index, while QDIV is a Dividend fund tracking the S&P 500 Quality High Dividend Index. Both are passively managed. Over the past 5 years, XQLT.TO returned 14.75%/yr vs 9.99%/yr for QDIV. At a 0.36 correlation, their price movements are largely independent. XQLT.TO charges 0.32%/yr vs 0.20%/yr for QDIV.

Performance

XQLT.TO vs. QDIV - 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 Global X S&P 500 Quality Dividend ETF (QDIV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XQLT.TO is traded in CAD, while QDIV is traded in USD. To make them comparable, the QDIV 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 lower than QDIV's 12.98% 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*: —

QDIV

• 1D: 1.11%
• 1M: 6.56%
• YTD: 12.98%
• 6M: 10.61%
• 1Y: 19.42%
• 3Y*: 11.67%
• 5Y*: 9.99%
• 10Y*: —

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

XQLT.TO vs. QDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%
QDIV Global X S&P 500 Quality Dividend ETF	12.98%	-1.55%	19.98%	2.68%	5.81%	28.92%	-2.34%	6.43%

Correlation

The correlation between XQLT.TO and QDIV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019	0.36

The correlation between XQLT.TO and QDIV shifts across timeframes, from 0.33 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.

XQLT.TO vs. QDIV - Sectors Allocation Comparison

Sectors	XQLT.TO	QDIV
Technology	37.0%	7.9%
Financial Services	11.8%	7.1%
Communication Services	11.0%	3.3%
Consumer Cyclical	9.3%	6.4%
Healthcare	8.8%	14.7%
Industrials	7.9%	18.1%
Consumer Defensive	4.9%	22.0%
Energy	4.0%	11.9%
Utilities	1.8%	-
Real Estate	1.8%	-
Basic Materials	1.7%	8.4%

Return for Risk

XQLT.TO vs. QDIV — 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: 68
XQLT.TO Sharpe Ratio Rank: 69
XQLT.TO Sortino Ratio Rank: 72
XQLT.TO Omega Ratio Rank: 68
XQLT.TO Calmar Ratio Rank: 65
XQLT.TO Martin Ratio Rank: 67

QDIV

QDIV Risk / Return Rank: 41
QDIV Sharpe Ratio Rank: 41
QDIV Sortino Ratio Rank: 45
QDIV Omega Ratio Rank: 39
QDIV Calmar Ratio Rank: 44
QDIV Martin Ratio Rank: 36

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. QDIV - 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 Global X S&P 500 Quality Dividend ETF (QDIV). 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.TO	QDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.44	+0.53
Sortino ratio: Return per unit of downside risk	2.83	2.19	+0.63
Omega ratio: Gain probability vs. loss probability	1.35	1.25	+0.11
Calmar ratio: Return relative to maximum drawdown	2.85	2.67	+0.18
Martin ratio: Return relative to average drawdown	10.88	7.17	+3.71

XQLT.TO vs. QDIV - Sharpe Ratio Comparison

The current XQLT.TO Sharpe Ratio is 1.97, which is higher than the QDIV Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of XQLT.TO and QDIV, 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

XQLT.TO vs. QDIV - Drawdown Comparison

The maximum XQLT.TO drawdown since its inception was -25.12%, smaller than the maximum QDIV drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for XQLT.TO and QDIV.

Drawdown Indicators

	XQLT.TO	QDIV	Difference
Max Drawdown Largest peak-to-trough decline	-25.12%	-35.12%	+10.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-6.72%	-1.63%
Max Drawdown (3Y) Largest decline over 3 years	-18.95%	-15.71%	-3.24%
Max Drawdown (5Y) Largest decline over 5 years	-25.12%	-15.71%	-9.41%
Current Drawdown Current decline from peak	-0.14%	0.00%	-0.14%
Average Drawdown Average peak-to-trough decline	-5.18%	-4.70%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.51%	-0.31%

Volatility

XQLT.TO vs. QDIV - Volatility Comparison

iShares MSCI USA Quality Factor Index ETF (XQLT.TO) has a higher volatility of 4.62% compared to Global X S&P 500 Quality Dividend ETF (QDIV) at 3.16%. This indicates that XQLT.TO's price experiences larger fluctuations and is considered to be riskier than QDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XQLT.TO	QDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	3.16%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	8.75%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	12.51%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	16.42%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	20.17%	-3.73%

XQLT.TO vs. QDIV - Expense Ratio Comparison

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

Dividends

XQLT.TO vs. QDIV - Dividend Comparison

XQLT.TO's dividend yield for the trailing twelve months is around 0.63%, less than QDIV's 2.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QDIV Global X S&P 500 Quality Dividend ETF	2.93%	3.13%	2.88%	3.26%	3.02%	2.44%	3.06%	2.84%	1.30%
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%

Frequently Asked Questions

Can I hold both XQLT.TO and QDIV in my portfolio?

XQLT.TO and QDIV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XQLT.TO or QDIV?

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

Which ETF is cheaper, XQLT.TO or QDIV?

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

What is the main difference between XQLT.TO and QDIV?

XQLT.TO is categorized as Large Cap Growth Equities, while QDIV is Dividend. XQLT.TO tracks MSCI USA Sector Neutral Quality Index, while QDIV tracks S&P 500 Quality High Dividend Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.32% for XQLT.TO and 0.20% for QDIV.