VS
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 Technology, Finance, and Consumer Non-Cyclicals, while XMV leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, XQLT features a management fee (MER) of 0.3%, compared to 0.3% for XMV. Performance-wise, XQLT has returned 15.47% year-to-date with +$29 M in net flows, whereas XMV is at 14.6% with -$28 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 | $266.54 M | $389.19 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.32% | 0.34% |
| Tracking Difference | -0.28% | -0.41% |
Historical performance and flows
As of October 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XQLT | -0.81% | +1.79% | +15.47% | +13.54% | +78.82% |
XMV | +3.48% | -0.21% | +14.60% | +19.84% | +83.78% | |
| Flows | XQLT | +$5 M | +$4 M | +$29 M | +$26 M | +$115 M |
XMV | +$0 M | -$9 M | -$28 M | -$28 M | +$72 M |
XQLT vs XMV exposure
Countries
XQLT
USA
95.85%
XMV
Canada
94.94%
Sectors
XQLT
Technology
48.71%
Finance
12.77%
Consumer Non-Cyclicals
9.56%
Healthcare
9.45%
Other
19.51%
XMV
Finance
35.96%
Energy
16.24%
Non-Energy Materials
9.34%
Consumer Non-Cyclicals
8.91%
Industrials
7.70%
Other
21.86%
As of October 28, 2026
Top 10 Holdings
XQLT
US46432F3394
99.97%
XMV
The Bank of Nova Scotia
3.15%
The Toronto-Dominion Bank
3.09%
Enbridge, Inc.
3.05%
Royal Bank of Canada
2.98%
Fortis, Inc.
2.97%
Canadian Pacific Kansas City Ltd.
2.97%
Canadian National Railway Co.
2.96%
Bank of Montreal
2.93%
Canadian Imperial Bank of Commerce
2.91%
Great-West Lifeco, Inc.
2.87%
Diversification
XQLT
Total weight of top 10 holdings out of 119 total
99.97%
XMV
Total weight of top 10 holdings out of 70 total
29.88%
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 | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.59% | 2.05% |
| 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 October 28, 2026, XQLT has returned 15.47% year to date, while XMV has returned 14.60%. XQLT is ahead on YTD performance.
Which ETF is larger by assets under management: XQLT or XMV?
As of October 28, 2026, XQLT manages $266.54 M in assets, while XMV manages $389.19 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.
Which ETF is more diversified: XQLT or XMV?
XQLT holds 1 securities, while XMV holds 70. On holdings count, XMV is the more diversified portfolio.
Which ETF is attracting more investor flows: XQLT or XMV?
Year to date, XQLT has seen +$29.47 M in net flows, compared with -$28.14 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 sectors do XQLT and XMV emphasize?
XQLT is most exposed to Technology, Finance, and Consumer Non-Cyclicals. XMV is most exposed to Finance, Energy, and Non-Energy Materials.
Recent articles about XQLT and XMV
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.