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Compare iShares MSCI USA Quality Factor Index ETF (XQLT) vs NBI Active U.S. Equity ETF (NUSA) to find the best fit for your portfolio. XQLT and NUSA provide the same top sector exposures: Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, XQLT features a management fee (MER) of 0.3%, compared to 0.55% for NUSA. Performance-wise, XQLT has returned 12.97% year-to-date with +$24 M in net flows, whereas NUSA is at 4.54% with +$4 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
XQLT
NUSA
| AuM | $256.11 M | $91.96 M |
| Management Fees | 0.30% | 0.55% |
| Exp. ratio | 0.32% | 0.62% |
| Tracking Difference | -0.50% | - |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XQLT | -1.45% | +8.90% | +12.97% | +20.68% | +70.23% |
NUSA | -1.67% | +4.44% | +4.54% | +7.37% | +49.49% | |
| Flows | XQLT | +$0 M | +$4 M | +$24 M | +$22 M | +$111 M |
NUSA | +$0 M | -$13 M | +$4 M | +$11 M | +$50 M |
XQLT vs NUSA exposure
Countries
XQLT
USA
95.82%
NUSA
USA
95.57%
Sectors
XQLT
Technology
49.73%
Finance
11.83%
Consumer Non-Cyclicals
9.86%
Healthcare
9.12%
Other
19.46%
NUSA
Technology
48.34%
Finance
12.15%
Consumer Non-Cyclicals
11.75%
Healthcare
8.43%
Industrials
7.10%
Other
12.23%
As of July 30, 2026
Top 10 Holdings
XQLT
Apple, Inc.
6.20%
NVIDIA Corp.
5.81%
Microsoft Corp.
5.72%
Lam Research Corp.
5.14%
Applied Materials, Inc.
4.40%
KLA Corp.
4.07%
The TJX Cos., Inc.
3.81%
Eli Lilly & Co.
3.81%
Meta Platforms, Inc.
3.72%
Visa, Inc.
2.95%
NUSA
NVIDIA Corp.
8.37%
Alphabet, Inc.
6.83%
Amazon.com, Inc.
6.62%
Microsoft Corp.
6.48%
Broadcom Inc.
5.79%
Lam Research Corp.
5.20%
JPMorgan Chase & Co.
4.64%
Mastercard, Inc.
4.03%
Apple, Inc.
3.84%
Danaher Corp.
3.61%
Diversification
XQLT
Total weight of top 10 holdings out of 126 total
45.63%
NUSA
Total weight of top 10 holdings out of 30 total
55.41%
Characteristics
Compare
XQLT
NUSA
| Provider | iShares | National Bank Investments |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI USA Sector Neutral Quality NTR Index - CAD | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.61% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | September 10, 2019 | February 13, 2021 |
Frequently asked questions about XQLT and NUSA
Which ETF has performed better year to date: XQLT or NUSA?
As of July 30, 2026, XQLT has returned 12.97% year to date, while NUSA has returned 4.54%. XQLT is ahead on YTD performance.
Which ETF is larger by assets under management: XQLT or NUSA?
As of July 30, 2026, XQLT manages $256.11 M in assets, while NUSA manages $91.96 M. XQLT is the larger fund by AUM.
How are XQLT and NUSA managed?
XQLT is passively managed by iShares. It tracks the MSCI USA Sector Neutral Quality NTR Index - CAD benchmark. NUSA is actively managed by National Bank Investments. It does not track an index.
What sectors do XQLT and NUSA emphasize?
XQLT is most exposed to Technology, Finance, and Consumer Non-Cyclicals. NUSA is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: XQLT or NUSA?
Year to date, XQLT has seen +$24.39 M in net flows, compared with +$3.58 M for NUSA. XQLT has attracted more net investor money so far.
How do the fees of XQLT and NUSA compare?
XQLT has an expense ratio of 0.32%, while NUSA has an expense ratio of 0.62%.
What are the top holdings of XQLT and NUSA?
XQLT's largest holdings include Apple, Inc., NVIDIA Corp., and Microsoft Corp.. NUSA's top holdings include NVIDIA Corp., Alphabet, Inc., and Amazon.com, Inc..
Which ETF is more diversified: XQLT or NUSA?
XQLT holds 125 securities, while NUSA holds 30. On holdings count, XQLT is the more diversified portfolio.
Recent articles about XQLT and NUSA
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