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Purpose Tactical Hedged Equity Fund ETF (PHE) and iShares MSCI USA Quality Factor Index ETF (XQLT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PHE focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while XQLT leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, PHE features a management fee (MER) of 0.8%, compared to 0.3% for XQLT. Performance-wise, PHE has returned 3.04% year-to-date with -$0 M in net flows, whereas XQLT is at 18.42% with +$31 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
PHE
XQLT
| AuM | $3.58 M | $274.91 M |
| Management Fees | 0.80% | 0.30% |
| Exp. ratio | 0.98% | 0.32% |
| Tracking Difference | - | -0.22% |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PHE | -2.30% | -2.34% | +3.04% | +2.35% | +35.92% |
XQLT | -0.50% | +2.58% | +18.42% | +17.37% | +72.69% | |
| Flows | PHE | -$1 M | -$1 M | -$0 M | -$0 M | -$1 M |
XQLT | +$6 M | +$7 M | +$31 M | +$25 M | +$116 M |
PHE vs XQLT exposure
Countries
PHE
USA
95.53%
XQLT
USA
95.88%
Sectors
PHE
Technology
48.31%
Finance
12.41%
Consumer Non-Cyclicals
9.17%
Industrials
9.12%
Healthcare
7.94%
Other
13.05%
XQLT
Technology
50.60%
Finance
12.02%
Consumer Non-Cyclicals
9.43%
Healthcare
9.38%
Other
18.57%
As of November 11, 2026
Top 10 Holdings
PHE
NVIDIA Corp.
9.62%
Apple, Inc.
8.76%
Alphabet, Inc.
6.88%
Microsoft Corp.
6.34%
Amazon.com, Inc.
3.54%
Broadcom Inc.
3.02%
Meta Platforms, Inc.
2.47%
Visa, Inc.
2.34%
Eli Lilly & Co.
2.27%
JPMorgan Chase & Co.
2.16%
XQLT
US46432F3394
99.93%
Diversification
PHE
Total weight of top 10 holdings out of 81 total
47.39%
XQLT
Total weight of top 10 holdings out of 119 total
99.93%
Characteristics
Compare
PHE
XQLT
| Provider | Purpose Investments | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI USA Sector Neutral Quality NTR Index - CAD |
| Replication Method | - | Other |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 0.57% |
| Meets ESG criteria | No | No |
| Inception Date | September 3, 2013 | September 10, 2019 |
Frequently asked questions about PHE and XQLT
Which ETF has performed better year to date: PHE or XQLT?
As of November 11, 2026, PHE has returned 3.04% year to date, while XQLT has returned 18.42%. XQLT is ahead on YTD performance.
Which ETF is larger by assets under management: PHE or XQLT?
As of November 11, 2026, PHE manages $3.58 M in assets, while XQLT manages $274.91 M. XQLT is the larger fund by AUM.
How are PHE and XQLT managed?
PHE is actively managed by Purpose Investments. It does not track an index. XQLT is passively managed by iShares. It tracks the MSCI USA Sector Neutral Quality NTR Index - CAD benchmark.
Which ETF is more diversified: PHE or XQLT?
PHE holds 81 securities, while XQLT holds 1. On holdings count, PHE is the more diversified portfolio.
Which ETF is attracting more investor flows: PHE or XQLT?
Year to date, PHE has seen -$0.04 M in net flows, compared with +$31.01 M for XQLT. XQLT has attracted more net investor money so far.
How do the fees of PHE and XQLT compare?
PHE has an expense ratio of 0.98%, while XQLT has an expense ratio of 0.32%.
What sectors do PHE and XQLT emphasize?
PHE is most exposed to Technology, Finance, and Consumer Non-Cyclicals. XQLT is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Recent articles about PHE and XQLT
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.