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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 Technology, Finance, and Consumer Non-Cyclicals, while XMV leans towards Finance, Energy, and Consumer Non-Cyclicals. When evaluating costs, XQLT features a management fee (MER) of 0.3%, compared to 0.3% for XMV. Performance-wise, XQLT has returned 12.97% year-to-date with +$24 M in net flows, whereas XMV is at 13.75% with -$19 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 | $256.11 M | $397.78 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.32% | 0.34% |
| Tracking Difference | -0.50% | -0.46% |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XQLT | -1.45% | +8.90% | +12.97% | +20.68% | +70.23% |
XMV | +2.98% | +6.84% | +13.75% | +24.30% | +74.45% | |
| Flows | XQLT | +$0 M | +$4 M | +$24 M | +$22 M | +$111 M |
XMV | +$0 M | -$30 M | -$19 M | +$2 M | +$77 M |
XQLT vs XMV exposure
Countries
XQLT
USA
95.82%
XMV
Canada
94.92%
Sectors
XQLT
Technology
49.73%
Finance
11.83%
Consumer Non-Cyclicals
9.86%
Healthcare
9.12%
Other
19.46%
XMV
Finance
37.66%
Energy
13.56%
Consumer Non-Cyclicals
9.66%
Industrials
8.39%
Non-Energy Materials
7.53%
Utilities
7.48%
Other
15.71%
As of July 30, 2026
Top 10 Holdings
XQLT
Apple, Inc.
6.20%
NVIDIA Corp.
5.81%
Microsoft Corp.
5.72%
Lam Research Corp.
5.14%
Applied Materials, Inc.
4.40%
KLA Corp.
4.07%
The TJX Cos., Inc.
3.81%
Eli Lilly & Co.
3.81%
Meta Platforms, Inc.
3.72%
Visa, Inc.
2.95%
XMV
Bank of Montreal
3.44%
Royal Bank of Canada
3.38%
The Toronto-Dominion Bank
3.38%
The Bank of Nova Scotia
3.37%
Great-West Lifeco, Inc.
3.23%
Canadian National Railway Co.
3.15%
Canadian Imperial Bank of Commerce
3.07%
Fortis, Inc.
3.05%
National Bank of Canada
2.95%
Canadian Pacific Kansas City Ltd.
2.90%
Diversification
XQLT
Total weight of top 10 holdings out of 126 total
45.63%
XMV
Total weight of top 10 holdings out of 72 total
31.93%
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 | 0.61% | 2.04% |
| 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 July 30, 2026, XQLT has returned 12.97% year to date, while XMV has returned 13.75%. XMV is ahead on YTD performance.
Which ETF is larger by assets under management: XQLT or XMV?
As of July 30, 2026, XQLT manages $256.11 M in assets, while XMV manages $397.78 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 Technology, Finance, and Consumer Non-Cyclicals. XMV is most exposed to Finance, Energy, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: XQLT or XMV?
Year to date, XQLT has seen +$24.39 M in net flows, compared with -$19.18 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, Inc., NVIDIA Corp., and Microsoft Corp.. XMV's top holdings include Bank of Montreal, Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: XQLT or XMV?
XQLT holds 125 securities, while XMV holds 72. On holdings count, XQLT is the more diversified portfolio.
Recent articles about XQLT and XMV
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