XQLT.TO vs. REET
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 13.36%/yr vs 5.13%/yr for REET. At a 0.33 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
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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 12.18% return, which is significantly lower than REET's 18.14% return.
XQLT.TO
- 1D
- -0.08%
- 1M
- 0.13%
- 6M
- 9.12%
- YTD
- 12.18%
- 1Y
- 21.50%
- 3Y*
- 19.53%
- 5Y*
- 13.36%
- 10Y*
- —
- ALL TIME*
- 15.24%
REET
- 1D
- -0.37%
- 1M
- 4.53%
- 6M
- 12.30%
- YTD
- 18.14%
- 1Y
- 21.51%
- 3Y*
- 11.97%
- 5Y*
- 5.13%
- 10Y*
- 4.76%
- ALL TIME*
- 7.40%
XQLT.TO vs. REET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XQLT.TO iShares MSCI USA Quality Factor Index ETF | 12.18% | 7.09% | 32.36% | 28.08% | -17.15% | 27.90% | 11.61% | 9.78% |
REET iShares Global REIT ETF | 18.14% | 3.04% | 11.34% | 7.66% | -19.29% | 32.37% | -12.61% | 2.03% |
Correlation
The correlation between XQLT.TO and REET is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
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 12, 2019 | 0.33 |
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Return for Risk
XQLT.TO vs. REET — Risk / Return Rank
XQLT.TO
REET
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.
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 | REET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.74 | -0.16 |
| Martin ratioReturn relative to average drawdown | 9.80 | 8.39 | +1.42 |
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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.TO | REET | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -2.08% | -0.37% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -8.28% | +3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.57% | -0.37% |
Volatility
XQLT.TO vs. REET - Volatility Comparison
The current volatility for iShares MSCI USA Quality Factor Index ETF (XQLT.TO) is 3.19%, while iShares Global REIT ETF (REET) has a volatility of 3.97%. This indicates that XQLT.TO experiences smaller price fluctuations and is considered to be less risky 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.TO | REET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 3.97% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 10.14% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.22% | 13.17% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.68% | 17.76% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 19.63% | -3.25% |
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 0.61%, less than REET's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REET iShares Global REIT ETF | 3.26% | 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 | 0.61% | 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 0.29, 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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