XQLT.TO vs. RWO
XQLT.TO (iShares MSCI USA Quality Factor Index ETF) and RWO (SPDR Dow Jones Global Real Estate ETF) are both exchange-traded funds - XQLT.TO is a Large Cap Growth Equities fund tracking the MSCI USA Sector Neutral Quality Index, while RWO is a REIT fund tracking the Dow Jones Global Select Real Estate Securities Index. Both are passively managed. Over the past 5 years, XQLT.TO returned 14.75%/yr vs 5.26%/yr for RWO. At a 0.33 correlation, their price movements are largely independent. XQLT.TO charges 0.32%/yr vs 0.50%/yr for RWO.
Performance
XQLT.TO vs. RWO - Performance Comparison
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Different Trading Currencies
XQLT.TO is traded in CAD, while RWO is traded in USD. To make them comparable, the RWO 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 RWO's 14.60% 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*
- —
RWO
- 1D
- 1.07%
- 1M
- 5.77%
- YTD
- 14.60%
- 6M
- 14.18%
- 1Y
- 20.31%
- 3Y*
- 12.33%
- 5Y*
- 5.26%
- 10Y*
- 4.87%
XQLT.TO vs. RWO - 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% |
RWO SPDR Dow Jones Global Real Estate ETF | 14.60% | 3.90% | 10.38% | 8.28% | -20.37% | 30.96% | -12.56% | 2.38% |
Correlation
The correlation between XQLT.TO and RWO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
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. RWO — Risk / Return Rank
XQLT.TO
RWO
XQLT.TO vs. RWO - 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 SPDR Dow Jones Global Real Estate ETF (RWO). 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 | RWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.21 | +0.64 |
| Martin ratioReturn relative to average drawdown | 10.88 | 7.39 | +3.49 |
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Drawdowns
XQLT.TO vs. RWO - Drawdown Comparison
The maximum XQLT.TO drawdown since its inception was -25.12%, smaller than the maximum RWO drawdown of -58.60%. Use the drawdown chart below to compare losses from any high point for XQLT.TO and RWO.
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Drawdown Indicators
| XQLT.TO | RWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.12% | -58.60% | +33.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -8.35% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -18.95% | -14.50% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -27.52% | +2.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.16% | — |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -11.09% | +5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.50% | -0.30% |
Volatility
XQLT.TO vs. RWO - Volatility Comparison
iShares MSCI USA Quality Factor Index ETF (XQLT.TO) and SPDR Dow Jones Global Real Estate ETF (RWO) have volatilities of 4.62% and 4.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XQLT.TO | RWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 4.54% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 9.75% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 13.58% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 17.93% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 19.00% | -2.56% |
XQLT.TO vs. RWO - Expense Ratio Comparison
XQLT.TO has a 0.32% expense ratio, which is lower than RWO's 0.50% expense ratio.
Dividends
XQLT.TO vs. RWO - Dividend Comparison
XQLT.TO's dividend yield for the trailing twelve months is around 0.63%, less than RWO's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWO SPDR Dow Jones Global Real Estate ETF | 3.22% | 3.62% | 3.68% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% |
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 RWO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XQLT.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XQLT.TO is cheaper with a 0.32% expense ratio, compared with 0.50% for RWO.
XQLT.TO is categorized as Large Cap Growth Equities, while RWO is REIT. XQLT.TO tracks MSCI USA Sector Neutral Quality Index, while RWO tracks Dow Jones Global Select Real Estate Securities Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.32% for XQLT.TO and 0.50% for RWO.
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