QDEF vs SPY
Comparison between FLEXSHARES QUALITY DIVIDEND DEFENSIVE INDEX FUND (QDEF, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed QDEF, delivering a return of +13.3% compared to +12.3%
QDEF vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QDEF
$530M
Winner
SPY
$735B
Expense Ratio
QDEF
0.39%
Winner
SPY
0.09%
Max Drawdown
Winner
QDEF
36.22%
SPY
56.47%
Sharpe Ratio
Winner
QDEF
1.69
SPY
1.62
5Y Beta
Winner
QDEF
0.72
SPY
1.00
P/E Ratio
Winner
QDEF
21.64
SPY
28.99
Forward P/E
Winner
QDEF
17.88
SPY
22.37
PEG Ratio
QDEF
0.25
SPY
N/A
5Y Dividends CAGR
QDEF
2.83%
Winner
SPY
5.43%
5Y EPS CAGR
QDEF
25.34%
Winner
SPY
26.05%
Debt to Equity
Winner
QDEF
17.51%
SPY
32.40%
P/S Ratio
Winner
QDEF
3.32
SPY
3.74
P/B Ratio
Winner
QDEF
5.01
SPY
5.61
QDEF vs SPY - Holdings Comparison
QDEF and SPY have 97 common holdings. Overlap is 40.07%
QDEF's top 25 holdings weight is 57.70%. SPY's top 25 holdings weight is 52.37%.
| Rank | QDEF | SPY |
|---|---|---|
| #1 | APPLE INC (AAPL) - 8.42% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | NVIDIA CORP (NVDA) - 7.06% | APPLE INC (AAPL) - 7.02% |
| #3 | BROADCOM INC (AVGO) - 5.47% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | MICROSOFT CORP (MSFT) - 3.78% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 2.68% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | ABBVIE INC (ABBV) - 2.60% | BROADCOM INC (AVGO) - 3.10% |
| #7 | JOHNSON & JOHNSON (JNJ) - 2.51% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | CISCO SYSTEMS INC (CSCO) - 2.35% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | PROCTER & GAMBLE CO (PG) - 2.35% | TESLA INC (TSLA) - 1.89% |
| #10 | ALPHABET INC CLASS C (GOOG) - 2.14% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | PHILIP MORRIS INTERNATIONAL INC (PM) - 2.05% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | KLA CORP (KLAC) - 1.93% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | QUALCOMM INC (QCOM) - 1.91% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | JPMORGAN CHASE & CO (JPM) - 1.86% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | MERCK & CO INC (MRK) - 1.39% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | TJX COMPANIES INC (TJX) - 1.26% | INTEL CORP (INTC) - 0.90% |
| #17 | GILEAD SCIENCES INC (GILD) - 1.12% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | CONOCOPHILLIPS (COP) - 1.07% | VISA INC CLASS A (V) - 0.85% |
| #19 | ALTRIA GROUP INC (MO) - 0.88% | WALMART INC (WMT) - 0.81% |
| #20 | NEWMONT CORP (NEM) - 0.87% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | BRISTOL-MYERS SQUIBB CO (BMY) - 0.84% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | GE VERNOVA INC (GEV) - 0.83% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | LOCKHEED MARTIN CORP (LMT) - 0.80% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | CASH (n/a) - 0.77% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | ELI LILLY AND CO (LLY) - 0.76% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 135 | 505 |
QDEF vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
QDEF
+1.78%
Winner
SPY
+1.90%
3M
QDEF
+4.71%
Winner
SPY
+8.55%
6M
QDEF
+7.40%
Winner
SPY
+8.18%
1Y
QDEF
+22.02%
Winner
SPY
+25.79%
5Y(CAGR)
QDEF
+12.33%
Winner
SPY
+13.32%
10Y(CAGR)
QDEF
+12.18%
Winner
SPY
+15.19%
Max(CAGR)
Winner
QDEF
+12.64%
SPY
+8.47%
QDEF vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | QDEF | SPY |
|---|---|---|
| 2026 | +7.02% | +8.26% |
| 2025 | +17.60% | +18.00% |
| 2024 | +21.27% | +25.59% |
| 2023 | +17.68% | +26.72% |
| 2022 | -10.90% | -18.64% |
| 2021 | +27.71% | +30.52% |
| 2020 | +3.01% | +17.28% |
| 2019 | +25.36% | +31.09% |
| 2018 | -4.43% | -5.24% |
| 2017 | +16.51% | +20.78% |
| 2016 | +16.55% | +13.59% |
| 2015 | +0.02% | +1.31% |
| 2014 | +15.03% | +14.56% |
| 2013 | +33.47% | +29.00% |
| 2012 | -2.51% | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
QDEF vs SPY Drawdown Comparison
The maximum drawdown for QDEF was -35.71%, occurring on Mar 23, 2020. Recovery took 215 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current QDEF drawdown is -1.84%. The current SPY drawdown is -2.90%.
| Rank | QDEF | SPY |
|---|---|---|
| #1 | -35.71% Feb 12, 2020 - Dec 17, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -21.38% Dec 29, 2021 - Jul 19, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -16.85% Sep 21, 2018 - Mar 21, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -14.44% Dec 2, 2024 - Jun 12, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -12.04% May 21, 2015 - Mar 31, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -9.87% Jan 26, 2018 - Aug 3, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -8.96% Jul 28, 2023 - Dec 8, 2023 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -6.95% Feb 9, 2026 - Apr 17, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.44% Apr 30, 2019 - Jun 20, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.10% Sep 3, 2014 - Oct 28, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.92% Dec 31, 2013 - Feb 28, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.83% Jul 29, 2019 - Oct 25, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.60% Sep 3, 2021 - Nov 2, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -5.59% Aug 15, 2016 - Nov 21, 2016 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.26% Mar 28, 2024 - May 15, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between QDEF and SPY is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (1999 - 2026)
QDEF vs SPY dividend yield comparison.
| Year | QDEF | SPY |
|---|---|---|
| 2026 | 0.23% | 0.24% |
| 2025 | 1.74% | 1.07% |
| 2024 | 1.85% | 1.21% |
| 2023 | 2.21% | 1.40% |
| 2022 | 2.42% | 1.65% |
| 2021 | 1.84% | 1.20% |
| 2020 | 2.50% | 1.52% |
| 2019 | 3.17% | 1.75% |
| 2018 | 7.10% | 2.04% |
| 2017 | 2.70% | 1.80% |
| 2016 | 2.90% | 2.03% |
| 2015 | 3.00% | 2.06% |
| 2014 | 2.52% | 1.87% |
| 2013 | 2.12% | 1.81% |
| 2012 | 0.49% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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