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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, Consumer Discretionary, and Communication Services, 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 3.51% year-to-date with +$20 M in net flows, whereas XMV is at 5.54% with +$11 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 | $230.77 M | $399.84 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.32% | 0.34% |
| Tracking Difference | -0.24% | -0.45% |
Historical performance and flows
As of April 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XQLT | +8.39% | +1.55% | +3.51% | +20.98% | +68.24% |
XMV | +3.53% | +4.63% | +5.54% | +22.92% | +58.36% | |
| Flows | XQLT | +$9 M | +$18 M | +$20 M | +$26 M | +$107 M |
XMV | +$0 M | +$11 M | +$11 M | +$44 M | +$98 M |
XQLT vs XMV exposure
Countries
XQLT
USA
94.53%
XMV
Canada
99.72%
Sectors
XQLT
Information Technology
36.19%
Consumer Discretionary
10.68%
Communication Services
9.74%
Health Care
9.70%
Industrials
8.20%
Other
25.49%
XMV
Financials
30.96%
Energy
14.63%
Materials
10.97%
Other
8.89%
Utilities
7.77%
Consumer Staples
7.35%
Other
19.42%
As of April 28, 2026
Top 10 Holdings
XQLT
APPLE
6.32%
NVIDIA
6.13%
MICROSOFT-T
4.93%
META PLATFORMS
3.52%
TJX
3.50%
LILLY
3.10%
VISA INCORPORATION
3.05%
US5128073062
2.88%
KLA CORPORATION
2.53%
MASTERCARD
2.46%
XMV
SUNCOR ENERGY
3.27%
ENBRIDGE
3.21%
NATIONAL BANK OF CANADA
3.11%
CDN IMPERIAL BK
2.99%
FORTIS
2.98%
TORONTO DOMINION
2.98%
GREAT WEST LIFECO
2.93%
BANK OF MONTREAL
2.92%
ROYAL BK CANADA
2.91%
CDN NATL RAILWAY
2.83%
Diversification
XQLT
Total weight of top 10 holdings out of 122 total
38.42%
XMV
Total weight of top 10 holdings out of 71 total
30.12%
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 | 0.67% | 2.16% |
| 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 April 28, 2026, XQLT has returned 3.51% year to date, while XMV has returned 5.54%. XMV is ahead on YTD performance.
Which ETF is larger by assets under management: XQLT or XMV?
As of April 28, 2026, XQLT manages $230.77 M in assets, while XMV manages $399.84 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, Consumer Discretionary, and Communication Services. 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 +$20.04 M in net flows, compared with +$11.14 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 APPLE and NVIDIA. XMV's top holdings include SUNCOR ENERGY and ENBRIDGE.
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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