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

XQLT.TO vs. REET

Last updated Jun 9, 2026

XQLT.TO (iShares MSCI USA Quality Factor Index ETF) and REET (iShares Global REIT ETF) are both exchange-traded funds - XQLT.TO is a Large Cap Growth Equities fund tracking the MSCI USA Sector Neutral Quality Index, while REET is a REIT fund tracking the FTSE EPRA/NAREIT Global REIT Index. Both are passively managed. Over the past 5 years, XQLT.TO returned 14.58%/yr vs 4.78%/yr for REET. At a 0.34 correlation, their price movements are largely independent. XQLT.TO charges 0.32%/yr vs 0.14%/yr for REET.

Performance

XQLT.TO vs. REET - 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 Global REIT ETF (REET). 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 REET is traded in USD. To make them comparable, the REET 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 lower than REET's 10.45% 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*
—

REET

1D
-0.61%
1M
0.29%
YTD
10.45%
6M
10.60%
1Y
14.03%
3Y*
10.61%
5Y*
4.78%
10Y*
5.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQLT.TO vs. REET - 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%
REET
iShares Global REIT ETF		10.45%3.04%11.34%7.66%-19.29%32.37%-12.61%1.87%

Correlation

The correlation between XQLT.TO and REET is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.31

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

0.30

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

0.36

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

0.34

XQLT.TO vs. REET - Sectors Allocation Comparison

Sectors
XQLT.TO
REET

Technology

37.0%

-

Financial Services

11.8%
0.2%

Communication Services

11.0%

-

Consumer Cyclical

9.3%

-

Healthcare

8.8%

-

Industrials

7.9%

-

Consumer Defensive

4.9%

-

Energy

4.0%

-

Utilities

1.8%

-

Real Estate

1.8%
99.8%

Basic Materials

1.7%

-

Technology

XQLT.TO
37.0%
REET

-

Financial Services

XQLT.TO
11.8%
REET
0.2%

Communication Services

XQLT.TO
11.0%
REET

-

Consumer Cyclical

XQLT.TO
9.3%
REET

-

Healthcare

XQLT.TO
8.8%
REET

-

Industrials

XQLT.TO
7.9%
REET

-

Consumer Defensive

XQLT.TO
4.9%
REET

-

Energy

XQLT.TO
4.0%
REET

-

Utilities

XQLT.TO
1.8%
REET

-

Real Estate

XQLT.TO
1.8%
REET
99.8%

Basic Materials

XQLT.TO
1.7%
REET

-

Compare stocks, funds, or ETFs

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iShares MSCI USA Quality Factor Index ETF

iShares Global REIT 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 REET:
REET vs. VNQREET vs. VNQIREET vs. XLREREET vs. USRTREET vs. SCHHREET vs. RWOREET vs. FREL

Return for Risk

XQLT.TO vs. REET — 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
REET
REET Risk / Return Rank: 3030
Overall Rank
REET Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
REET Sortino Ratio Rank: 2828
Sortino Ratio Rank
REET Omega Ratio Rank: 2828
Omega Ratio Rank
REET Calmar Ratio Rank: 2929
Calmar Ratio Rank
REET Martin Ratio Rank: 3434
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. REET - 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 Global REIT ETF (REET). 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.TOREETDifference
Sharpe ratioReturn per unit of total volatility
1.80
1.10

+0.70

Sortino ratioReturn per unit of downside risk
2.60
1.55

+1.05

Omega ratioGain probability vs. loss probability

1.32

1.20

+0.13

Calmar ratioReturn relative to maximum drawdown

2.59

1.79

+0.80

Martin ratioReturn relative to average drawdown

9.77

5.40

+4.37

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. REET - Sharpe Ratio Comparison

The current XQLT.TO Sharpe Ratio is 1.80, which is higher than the REET Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of XQLT.TO and REET, 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.TOREETDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.80

1.10

+0.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.27

+0.67

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.26

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

0.36

+0.57

Drawdowns

XQLT.TO vs. REET - Drawdown Comparison

The maximum XQLT.TO drawdown since its inception was -25.12%, smaller than the maximum REET drawdown of -39.60%. Use the drawdown chart below to compare losses from any high point for XQLT.TO and REET.

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Drawdown Indicators

XQLT.TOREETDifference

Max Drawdown

Largest peak-to-trough decline

-25.12%

-39.60%

+14.48%

Max Drawdown (1Y)

Largest decline over 1 year

-8.35%

-7.87%

-0.48%

Max Drawdown (3Y)

Largest decline over 3 years

-18.95%

-15.39%

-3.56%

Max Drawdown (5Y)

Largest decline over 5 years

-25.12%

-26.50%

+1.38%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.60%

—

Current Drawdown

Current decline from peak

-1.60%

-1.47%

-0.13%

Average Drawdown

Average peak-to-trough decline

-5.20%

-8.36%

+3.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

2.60%

-0.40%

Volatility

XQLT.TO vs. REET - Volatility Comparison

iShares MSCI USA Quality Factor Index ETF (XQLT.TO) has a higher volatility of 4.18% compared to iShares Global REIT ETF (REET) at 3.84%. This indicates that XQLT.TO's price experiences larger fluctuations and is considered to be riskier than REET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XQLT.TOREETDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.18%

3.84%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

9.52%

9.16%

+0.36%

Volatility (1Y)

Calculated over the trailing 1-year period

12.01%

12.80%

-0.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.60%

17.83%

-2.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.45%

19.64%

-3.19%

XQLT.TO vs. REET - Expense Ratio Comparison

XQLT.TO has a 0.32% expense ratio, which is higher than REET's 0.14% expense ratio.

Dividends

XQLT.TO vs. REET - Dividend Comparison

XQLT.TO's dividend yield for the trailing twelve months is around 0.64%, less than REET's 3.41% yield.

PositionTTM20252024202320222021202020192018201720162015
REET
iShares Global REIT ETF		3.41%3.67%3.64%3.27%2.43%3.18%2.65%5.25%5.73%3.84%5.37%3.56%
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 REET have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, REET is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

REET is cheaper with a 0.14% expense ratio, compared with 0.32% for XQLT.TO.

XQLT.TO is categorized as Large Cap Growth Equities, while REET is REIT. XQLT.TO tracks MSCI USA Sector Neutral Quality Index, while REET tracks FTSE EPRA/NAREIT Global REIT Index. Their fees differ too: 0.32% for XQLT.TO and 0.14% for REET.

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