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iShares MSCI USA Quality Factor Index ETF (XQLT) and Purpose Tactical Hedged Equity Fund ETF (PHE.B) 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.B leans towards Technology, Finance, and Industrials. When evaluating costs, XQLT features a management fee (MER) of 0.3%, compared to 0.95% for PHE.B. Performance-wise, XQLT has returned 12.8% year-to-date with +$26 M in net flows, whereas PHE.B is at 5.29% with -$13 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.B
| AuM | $256.97 M | $10.48 M |
| Management Fees | 0.30% | 0.95% |
| Exp. ratio | 0.32% | 0.94% |
| Tracking Difference | -0.25% | - |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XQLT | -2.25% | +0.00% | +12.80% | +16.66% | +67.70% |
PHE.B | -2.02% | +0.50% | +5.29% | +7.42% | +44.46% | |
| Flows | XQLT | +$1 M | +$3 M | +$26 M | +$22 M | +$112 M |
PHE.B | +$0 M | +$4 M | -$13 M | -$13 M | -$8 M |
XQLT vs PHE.B exposure
Countries
XQLT
USA
95.61%
PHE.B
USA
94.47%
Sectors
XQLT
Technology
47.37%
Finance
12.81%
Consumer Non-Cyclicals
10.49%
Healthcare
9.10%
Other
20.23%
PHE.B
Technology
44.95%
Finance
12.94%
Industrials
9.90%
Consumer Non-Cyclicals
9.86%
Healthcare
7.94%
Other
14.41%
As of September 14, 2026
Top 10 Holdings
XQLT
Apple, Inc.
7.18%
Microsoft Corp.
6.96%
NVIDIA Corp.
5.69%
The TJX Cos., Inc.
4.03%
Eli Lilly & Co.
3.69%
Meta Platforms, Inc.
3.57%
Lam Research Corp.
3.55%
Visa, Inc.
3.17%
Applied Materials, Inc.
3.07%
KLA Corp.
2.44%
PHE.B
NVIDIA Corp.
8.44%
Apple, Inc.
8.10%
Alphabet, Inc.
7.11%
Microsoft Corp.
5.73%
Amazon.com, Inc.
3.85%
Broadcom Inc.
3.34%
Visa, Inc.
2.37%
JPMorgan Chase & Co.
2.29%
Eli Lilly & Co.
2.25%
Meta Platforms, Inc.
1.90%
Diversification
XQLT
Total weight of top 10 holdings out of 126 total
43.35%
PHE.B
Total weight of top 10 holdings out of 81 total
45.38%
Characteristics
Compare
XQLT
PHE.B
| Provider | iShares | Purpose 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 | April 29, 2014 |
Frequently asked questions about XQLT and PHE.B
Which ETF has performed better year to date: XQLT or PHE.B?
As of September 14, 2026, XQLT has returned 12.80% year to date, while PHE.B has returned 5.29%. XQLT is ahead on YTD performance.
Which ETF is larger by assets under management: XQLT or PHE.B?
As of September 14, 2026, XQLT manages $256.97 M in assets, while PHE.B manages $10.48 M. XQLT is the larger fund by AUM.
How are XQLT and PHE.B managed?
XQLT is passively managed by iShares. It tracks the MSCI USA Sector Neutral Quality NTR Index - CAD benchmark. PHE.B is actively managed by Purpose Investments. It does not track an index.
What sectors do XQLT and PHE.B emphasize?
XQLT is most exposed to Technology, Finance, and Consumer Non-Cyclicals. PHE.B is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: XQLT or PHE.B?
Year to date, XQLT has seen +$25.63 M in net flows, compared with -$12.97 M for PHE.B. XQLT has attracted more net investor money so far.
How do the fees of XQLT and PHE.B compare?
XQLT has an expense ratio of 0.32%, while PHE.B has an expense ratio of 0.94%.
What are the top holdings of XQLT and PHE.B?
XQLT's largest holdings include Apple, Inc., Microsoft Corp., and NVIDIA Corp.. PHE.B's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: XQLT or PHE.B?
XQLT holds 125 securities, while PHE.B holds 81. On holdings count, XQLT is the more diversified portfolio.
Recent articles about XQLT and PHE.B
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