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iShares MSCI USA Quality Factor Index ETF (XQLT) and iShares Edge MSCI Min Vol Canada Index ETF (XMV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XQLT focuses its top 3 sector exposures on Information Technology, Communication Services, and Consumer Discretionary, while XMV leans towards Financials, Energy, and Materials. When evaluating costs, XQLT features a management fee (MER) of 0.3%, compared to 0.3% for XMV. Performance-wise, XQLT has returned 12.8% year-to-date with +$23 M in net flows, whereas XMV is at 10.18% with +$14 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
XMV
| AuM | $255.00 M | $420.39 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.32% | 0.34% |
| Tracking Difference | -0.28% | -0.45% |
Historical performance and flows
As of June 12, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XQLT | +5.92% | +13.96% | +12.80% | +26.63% | +76.65% |
XMV | +3.44% | +6.97% | +10.18% | +22.31% | +71.92% | |
| Flows | XQLT | +$2 M | +$12 M | +$23 M | +$27 M | +$107 M |
XMV | -$3 M | +$8 M | +$14 M | +$35 M | +$103 M |
XQLT vs XMV exposure
Countries
XQLT
USA
94.75%
XMV
Canada
99.91%
Sectors
XQLT
Information Technology
37.08%
Communication Services
10.36%
Consumer Discretionary
9.83%
Health Care
8.99%
Industrials
8.37%
Other
7.07%
Other
18.30%
XMV
Financials
33.29%
Energy
14.35%
Materials
10.08%
Other
8.86%
Utilities
7.62%
Other
25.80%
As of June 12, 2026
Top 10 Holdings
XQLT
NVIDIA
6.50%
APPLE
6.26%
MICROSOFT-T
5.04%
META PLATFORMS
3.49%
US5128073062
3.22%
TJX
3.19%
VISA INCORPORATION
3.08%
LILLY
2.92%
KLA CORPORATION
2.78%
ALPHABET INC-CL
2.53%
XMV
NATIONAL BANK OF CANADA
3.45%
CDN IMPERIAL BK
3.35%
TORONTO DOMINION
3.27%
SUNCOR ENERGY
3.22%
GREAT WEST LIFECO
3.19%
ENBRIDGE
3.12%
BANK OF MONTREAL
3.12%
ROYAL BK CANADA
3.08%
BNS
2.96%
CDN NATL RAILWAY
2.94%
Diversification
XQLT
Total weight of top 10 holdings out of 122 total
39.02%
XMV
Total weight of top 10 holdings out of 71 total
31.69%
Characteristics
Compare
XQLT
XMV
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI USA Sector Neutral Quality NTR Index - CAD | MSCI Canada Minimum Volatility Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.62% | 2.07% |
| Meets ESG criteria | No | No |
| Inception Date | September 10, 2019 | July 24, 2012 |
Frequently asked questions about XQLT and XMV
Which ETF has performed better year to date: XQLT or XMV?
As of June 12, 2026, XQLT has returned 12.80% year to date, while XMV has returned 10.18%. XQLT is ahead on YTD performance.
Which ETF is larger by assets under management: XQLT or XMV?
As of June 12, 2026, XQLT manages $255.00 M in assets, while XMV manages $420.39 M. XMV is the larger fund by AUM.
How are XQLT and XMV managed?
XQLT is passively managed by iShares. It tracks the MSCI USA Sector Neutral Quality NTR Index - CAD benchmark. XMV is passively managed by iShares. It tracks the MSCI Canada Minimum Volatility Total Return Index - CAD benchmark.
What sectors do XQLT and XMV emphasize?
XQLT is most exposed to Information Technology, Communication Services, and Consumer Discretionary. XMV is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: XQLT or XMV?
Year to date, XQLT has seen +$23.39 M in net flows, compared with +$14.04 M for XMV. XQLT has attracted more net investor money so far.
How do the fees of XQLT and XMV compare?
XQLT has an expense ratio of 0.32%, while XMV has an expense ratio of 0.34%.
What are the top holdings of XQLT and XMV?
XQLT's largest holdings include NVIDIA and APPLE. XMV's top holdings include NATIONAL BANK OF CANADA and CDN IMPERIAL BK.
Which ETF is more diversified: XQLT or XMV?
XQLT holds 117 securities, while XMV holds 64. On holdings count, XQLT is the more diversified portfolio.
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