QUAL vs SPY
Comparison between ISHARES MSCI USA QUALITY FACTOR ETF (QUAL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed QUAL, delivering a return of +13.0% compared to +11.5%
QUAL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QUAL
$47B
Winner
SPY
$784B
Expense Ratio
QUAL
0.15%
Winner
SPY
0.09%
Max Drawdown
Winner
QUAL
34.06%
SPY
56.47%
Sharpe Ratio
QUAL
1.42
Winner
SPY
1.54
5Y Beta
Winner
QUAL
0.90
SPY
1.00
P/E Ratio
QUAL
27.87
Winner
SPY
27.62
Forward P/E
QUAL
22.99
Winner
SPY
21.11
PEG Ratio
QUAL
0.80
SPY
N/A
5Y Dividends CAGR
QUAL
1.38%
Winner
SPY
6.00%
5Y EPS CAGR
Winner
QUAL
25.34%
SPY
25.30%
Debt to Equity
QUAL
55.98%
Winner
SPY
31.11%
P/S Ratio
QUAL
4.44
Winner
SPY
3.49
P/B Ratio
QUAL
7.36
Winner
SPY
5.30
QUAL vs SPY - Holdings Comparison
QUAL and SPY have 116 common holdings. Overlap is 45.00%
QUAL's top 25 holdings weight is 65.86%. SPY's top 25 holdings weight is 51.24%.
| Rank | QUAL | SPY |
|---|---|---|
| #1 | APPLE INC (AAPL) - 6.90% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | NVIDIA CORP (NVDA) - 6.79% | APPLE INC (AAPL) - 6.81% |
| #3 | MICROSOFT CORP (MSFT) - 5.00% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | LAM RESEARCH CORP (LRCX) - 3.69% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | META PLATFORMS INC CLASS A (META) - 3.37% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | ELI LILLY AND CO (LLY) - 3.21% | BROADCOM INC (AVGO) - 2.77% |
| #7 | TJX COMPANIES INC (TJX) - 3.11% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | VISA INC CLASS A (V) - 2.97% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | KLA CORP (KLAC) - 2.90% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | APPLIED MATERIALS INC (AMAT) - 2.59% | TESLA INC (TSLA) - 1.76% |
| #11 | ALPHABET INC CLASS A (GOOGL) - 2.44% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | CATERPILLAR INC (CAT) - 2.40% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | MASTERCARD INC CLASS A (MA) - 2.20% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 2.10% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | ALPHABET INC CLASS C (GOOG) - 2.03% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | JOHNSON & JOHNSON (JNJ) - 1.89% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | NETFLIX INC (NFLX) - 1.82% | VISA INC CLASS A (V) - 0.87% |
| #18 | QUALCOMM INC (QCOM) - 1.81% | INTEL CORP (INTC) - 0.85% |
| #19 | SLB LTD (SLB) - 1.52% | WALMART INC (WMT) - 0.82% |
| #20 | COSTCO WHOLESALE CORP (COST) - 1.28% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | ARISTA NETWORKS INC (ANET) - 1.28% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | MERCK & CO INC (MRK) - 1.17% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | FORTINET INC (FTNT) - 1.16% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | ADOBE INC (ADBE) - 1.14% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | ATMOS ENERGY CORP (ATO) - 1.09% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 125 | 505 |
QUAL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
QUAL
-0.38%
SPY
-1.41%
3M
QUAL
+10.48%
Winner
SPY
+12.54%
6M
QUAL
+6.48%
Winner
SPY
+6.77%
1Y
QUAL
+19.82%
Winner
SPY
+22.18%
5Y(CAGR)
QUAL
+11.55%
Winner
SPY
+13.04%
10Y(CAGR)
QUAL
+14.49%
Winner
SPY
+15.54%
Max(CAGR)
Winner
QUAL
+13.55%
SPY
+8.44%
QUAL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | QUAL | SPY |
|---|---|---|
| 2026 | +7.45% | +7.90% |
| 2025 | +12.95% | +18.00% |
| 2024 | +23.18% | +25.59% |
| 2023 | +31.26% | +26.72% |
| 2022 | -20.28% | -18.64% |
| 2021 | +28.99% | +30.52% |
| 2020 | +16.02% | +17.28% |
| 2019 | +33.96% | +31.09% |
| 2018 | -6.11% | -5.24% |
| 2017 | +21.39% | +20.78% |
| 2016 | +10.84% | +13.59% |
| 2015 | +5.47% | +1.31% |
| 2014 | +12.54% | +14.56% |
| 2013 | +13.45% | +29.00% |
| 2012 | N/A | +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% |
QUAL vs SPY Drawdown Comparison
The maximum drawdown for QUAL was -34.06%, occurring on Mar 23, 2020. Recovery took 122 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current QUAL drawdown is -2.74%. The current SPY drawdown is -3.22%.
| Rank | QUAL | SPY |
|---|---|---|
| #1 | -34.06% Feb 19, 2020 - Aug 12, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -28.22% Dec 29, 2021 - Dec 11, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -20.46% Sep 21, 2018 - Apr 5, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.00% Dec 4, 2024 - Jul 23, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -11.49% Jul 20, 2015 - Oct 28, 2015 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -11.20% Nov 3, 2015 - Apr 1, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.92% Jan 26, 2018 - Aug 20, 2018 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.03% Feb 25, 2026 - Apr 17, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.69% Sep 2, 2020 - Nov 9, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.63% Jul 16, 2024 - Aug 21, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.40% Aug 30, 2021 - Oct 29, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.92% Apr 23, 2019 - Jun 20, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.63% Sep 19, 2014 - Oct 30, 2014 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.58% Mar 21, 2024 - May 15, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.46% Jan 21, 2014 - Feb 26, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between QUAL 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)
QUAL vs SPY dividend yield comparison.
| Year | QUAL | SPY |
|---|---|---|
| 2026 | 0.38% | 0.50% |
| 2025 | 0.94% | 1.07% |
| 2024 | 1.02% | 1.21% |
| 2023 | 1.23% | 1.40% |
| 2022 | 1.59% | 1.65% |
| 2021 | 1.20% | 1.20% |
| 2020 | 1.39% | 1.52% |
| 2019 | 1.60% | 1.75% |
| 2018 | 2.00% | 2.04% |
| 2017 | 1.76% | 1.80% |
| 2016 | 1.96% | 2.03% |
| 2015 | 1.63% | 2.06% |
| 2014 | 1.35% | 1.87% |
| 2013 | 0.63% | 1.81% |
| 2012 | 0.00% | 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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