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iShares MSCI USA Quality Factor Index ETF (XQLT) and Purpose Tactical Hedged Equity Fund ETF (PHE) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XQLT focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while PHE leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, XQLT features a management fee (MER) of 0.3%, compared to 0.8% for PHE. Performance-wise, XQLT has returned 18.42% year-to-date with +$31 M in net flows, whereas PHE is at 3.04% with -$0 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
PHE
| AuM | $274.91 M | $3.58 M |
| Management Fees | 0.30% | 0.80% |
| Exp. ratio | 0.32% | 0.98% |
| Tracking Difference | -0.22% | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XQLT | -0.50% | +2.58% | +18.42% | +17.37% | +72.69% |
PHE | -2.30% | -2.34% | +3.04% | +2.35% | +35.92% | |
| Flows | XQLT | +$6 M | +$7 M | +$31 M | +$25 M | +$116 M |
PHE | -$1 M | -$1 M | -$0 M | -$0 M | -$1 M |
XQLT vs PHE exposure
Countries
XQLT
USA
95.88%
PHE
USA
95.53%
Sectors
XQLT
Technology
50.60%
Finance
12.02%
Consumer Non-Cyclicals
9.43%
Healthcare
9.38%
Other
18.57%
PHE
Technology
48.31%
Finance
12.41%
Consumer Non-Cyclicals
9.17%
Industrials
9.12%
Healthcare
7.94%
Other
13.05%
As of November 11, 2026
Top 10 Holdings
XQLT
US46432F3394
99.93%
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%
Diversification
XQLT
Total weight of top 10 holdings out of 119 total
99.93%
PHE
Total weight of top 10 holdings out of 81 total
47.39%
Characteristics
Compare
XQLT
PHE
| Provider | iShares | Purpose Investments |
| Management | Passively managed | Actively 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 | 0.57% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | September 10, 2019 | September 3, 2013 |
Frequently asked questions about XQLT and PHE
Which ETF has performed better year to date: XQLT or PHE?
As of November 11, 2026, XQLT has returned 18.42% year to date, while PHE has returned 3.04%. XQLT is ahead on YTD performance.
Which ETF is larger by assets under management: XQLT or PHE?
As of November 11, 2026, XQLT manages $274.91 M in assets, while PHE manages $3.58 M. XQLT is the larger fund by AUM.
How are XQLT and PHE managed?
XQLT is passively managed by iShares. It tracks the MSCI USA Sector Neutral Quality NTR Index - CAD benchmark. PHE is actively managed by Purpose Investments. It does not track an index.
Which ETF is more diversified: XQLT or PHE?
XQLT holds 1 securities, while PHE holds 81. On holdings count, PHE is the more diversified portfolio.
Which ETF is attracting more investor flows: XQLT or PHE?
Year to date, XQLT has seen +$31.01 M in net flows, compared with -$0.04 M for PHE. XQLT has attracted more net investor money so far.
How do the fees of XQLT and PHE compare?
XQLT has an expense ratio of 0.32%, while PHE has an expense ratio of 0.98%.
What sectors do XQLT and PHE emphasize?
XQLT is most exposed to Technology, Finance, and Consumer Non-Cyclicals. PHE is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Recent articles about XQLT and PHE
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