QDF vs USTB

Comparison between FLEXSHARES QUALITY DIVIDEND INDEX FUND (QDF, ETF) and VICTORYSHARES SHORT-TERM BOND ETF FORMERLY VICTORYSHARES USAA CORE SHORT-TERM BOND ETF VICTORYSHARES SHORT-TERM BOND ETF (USTB, ETF).

5-Year PerformanceQDF has outperformed USTB, delivering a return of +11.2% compared to +3.5%

QDF vs USTB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	QDF(ETF)	USTB(ETF)
Net Assets	$2B	$2B
Expense Ratio	0.39%	0.34%
Max Drawdown	37.16%	7.56%
Sharpe Ratio	2.01	0.98
5Y Beta	0.88	0.01
P/E Ratio	22.17	N/A
Forward P/E	17.20	N/A
PEG Ratio	0.18	N/A
5Y Dividends CAGR	1.72%	15.32%
5Y EPS CAGR	23.14%	N/A
Debt to Equity	-64.16%	N/A
P/S Ratio	3.68	N/A
P/B Ratio	4.73	N/A

Net Assets

QDF

$2B

USTB

$2B

Expense Ratio

QDF

0.39%

Winner

USTB

0.34%

Max Drawdown

QDF

37.16%

Winner

USTB

7.56%

Sharpe Ratio

Winner

QDF

2.01

USTB

0.98

5Y Beta

QDF

0.88

Winner

USTB

0.01

P/E Ratio

QDF

22.17

USTB

N/A

Forward P/E

QDF

17.20

USTB

N/A

PEG Ratio

QDF

0.18

USTB

N/A

5Y Dividends CAGR

QDF

1.72%

Winner

USTB

15.32%

5Y EPS CAGR

QDF

23.14%

USTB

N/A

Debt to Equity

QDF

-64.16%

USTB

N/A

P/S Ratio

QDF

3.68

USTB

N/A

P/B Ratio

QDF

4.73

USTB

N/A

QDF vs USTB - Historical Returns

Returns include dividend reinvestment.

Period	QDF	USTB
1 month	+6.30%	+0.50%
3 months	+4.04%	+0.54%
6 months	+10.70%	+1.81%
1 year	+30.52%	+5.06%
5 years(CAGR)	+11.20%	+3.50%
10 years(CAGR)	+12.14%	+3.47%
Max(CAGR)	+12.53%	+3.47%

Winner

QDF

+6.30%

USTB

+0.50%

Winner

QDF

+4.04%

USTB

+0.54%

Winner

QDF

+10.70%

USTB

+1.81%

Winner

QDF

+30.52%

USTB

+5.06%

5Y(CAGR)

Winner

QDF

+11.20%

USTB

+3.50%

10Y(CAGR)

Winner

QDF

+12.14%

USTB

+3.47%

Max(CAGR)

Winner

QDF

+12.53%

USTB

+3.47%

QDF vs USTB - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	QDF	USTB
2026	+7.12%	+1.07%
2025	+16.90%	+6.13%
2024	+17.35%	+6.81%
2023	+20.23%	+6.57%
2022	-12.32%	-2.72%
2021	+28.22%	+0.89%
2020	+4.57%	+5.00%
2019	+25.67%	+4.99%
2018	-8.42%	+1.12%
2017	+16.35%	+0.35%
2016	+18.28%	N/A
2015	-0.87%	N/A
2014	+12.97%	N/A
2013	+33.51%	N/A
2012	-1.59%	N/A

QDF vs USTB Drawdown Comparison

The maximum drawdown for QDF was -36.64%, occurring on Mar 23, 2020. Recovery took 203 trading sessions.

The maximum drawdown for USTB was -5.32%, occurring on Mar 24, 2020. Recovery took 65 trading sessions.

The current QDF drawdown is -0.44%.

Rank	QDF	USTB
#1	-36.64% Feb 12, 2020 - Dec 1, 2020	-5.32% Mar 4, 2020 - Jun 5, 2020
#2	-22.06% Jan 4, 2022 - Jul 19, 2023	-4.96% Sep 9, 2021 - Jul 13, 2023
#3	-19.87% Sep 21, 2018 - Oct 21, 2019	-1.02% Aug 30, 2023 - Nov 3, 2023
#4	-18.01% Dec 2, 2024 - Jun 27, 2025	-0.84% Feb 27, 2026 - May 1, 2026
#5	-13.20% May 21, 2015 - Apr 13, 2016	-0.81% Dec 29, 2017 - Aug 6, 2018
#6	-10.62% Jan 26, 2018 - Aug 21, 2018	-0.68% Sep 27, 2024 - Dec 3, 2024
#7	-10.52% Jul 31, 2023 - Dec 11, 2023	-0.67% Jul 13, 2023 - Aug 4, 2023
#8	-7.89% Feb 25, 2026 - Apr 17, 2026	-0.65% Apr 3, 2025 - Apr 28, 2025
#9	-6.90% Sep 18, 2014 - Oct 31, 2014	-0.62% Sep 4, 2019 - Oct 2, 2019
#10	-6.04% Dec 31, 2013 - Feb 28, 2014	-0.48% Apr 4, 2024 - May 2, 2024
#11	-5.75% Jul 16, 2024 - Aug 19, 2024	-0.46% Jan 31, 2024 - Mar 1, 2024
#12	-5.75% Mar 28, 2024 - May 15, 2024	-0.43% Aug 8, 2023 - Aug 25, 2023
#13	-5.22% Aug 2, 2013 - Oct 17, 2013	-0.40% Sep 21, 2018 - Nov 16, 2018
#14	-5.18% Jun 23, 2016 - Jul 8, 2016	-0.40% Oct 4, 2019 - Nov 22, 2019
#15	-5.05% May 21, 2013 - Jul 9, 2013	-0.38% Aug 2, 2024 - Aug 21, 2024

Correlation

Correlation between QDF and USTB is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2012 - 2026)

QDF vs USTB dividend yield comparison.

Year	QDF	USTB
2026	0.23%	1.56%
2025	1.65%	4.63%
2024	1.93%	5.05%
2023	2.19%	4.49%
2022	2.45%	2.54%
2021	1.90%	1.84%
2020	2.38%	2.59%
2019	3.05%	2.69%
2018	4.29%	2.32%
2017	2.70%	0.43%
2016	3.07%	0.00%
2015	3.04%	0.00%
2014	2.70%	0.00%
2013	2.08%	0.00%
2012	0.49%	0.00%