Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
QUAL vs XOVR: how they differ
QUAL and XOVR hold 16% of their weight in the same names, and QUAL returned more over the year.
iShares MSCI USA Quality Factor ETF and ERShares Private-Public Crossover ETF.
What they hold in common
By the books each fund has filed, QUAL and XOVR hold 16% of their money in the same securities at the same weight.
| Holding | QUAL | XOVR |
|---|---|---|
| NVIDIA CORPORATION | 6.52% | 9.48% |
| META PLATFORMS, INC. | 3.50% | 4.47% |
| ALPHABET INC. | 2.54% | 6.53% |
| ARISTA NETWORKS, INC. | 1.49% | 2.31% |
| MONOLITHIC POWER SYSTEMS, INC. | 0.70% | 1.77% |
| APPLOVIN CORPORATION | 0.67% | 3.95% |
| RESMED INC. | 0.12% | 1.36% |
| VEEVA SYSTEMS INC. | 0.08% | 3.17% |
| Only in QUAL | Only in XOVR |
|---|---|
| APPLE INC. 6.28% | Astera Labs Inc 7.75% |
| MICROSOFT CORPORATION 5.05% | Natera Inc 3.70% |
| LAM RESEARCH CORPORATION 3.23% | Robinhood Markets Inc 3.56% |
| THE TJX COMPANIES, INC. 3.19% | Reddit Inc 2.78% |
| VISA INC. 3.09% | Affirm Holdings Inc 2.64% |
| ELI LILLY AND COMPANY 2.92% | Axon Enterprise Inc 2.60% |
| KLA CORPORATION 2.79% | Rocket Lab Corp 2.50% |
| CATERPILLAR INC. 2.52% | Mongodb Inc 2.29% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| QUAL iShares MSCI USA Quality Factor ETF | XOVR ERShares Private-Public Crossover ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | ERShares |
| What it is | MSCI USA Quality Factor | Private-Public Crossover |
| Total return, 1 year | +16.0% | 0.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −1.5 pts | −17.5 pts |
| Expense ratio | 0.15% | 0.75% |
| Already in the S&P 500 | 98.9% | 43.4% |
| Holdings | 121 | 32 |
QUAL in plain words
QUAL is an index equity fund tracking the MSCI USA Quality Factor. Over the year to Sep 11, 2026 it returned +16.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 121 positions, with the top ten at 39.1%. It sat 3.1% below its high of Aug 13, 2026 on Sep 11, 2026.
XOVR in plain words
XOVR is an index equity fund tracking the Private-Public Crossover. Over the year to Sep 11, 2026 it returned 0.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.75% a year. By its holdings filed for Jun 30, 2026, 43% of the fund by weight is stocks the S&P 500 also holds, across 32 positions, with the top ten at 63.1%. It sat 4.2% below its high of Oct 27, 2025 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QUAL or XOVR?
- In the year to Sep 12, 2026, with distributions reinvested, QUAL returned +16.0% and XOVR returned 0.0%, so QUAL returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QUAL or XOVR?
- QUAL charges 0.15% a year and XOVR charges 0.75%, so QUAL is cheaper. Fees come from each fund's prospectus.
- How much do QUAL and XOVR overlap with the S&P 500?
- By their latest filed holdings, 99% of QUAL and 43% of XOVR by weight is stocks the S&P 500 already holds. Between the two funds, 16% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QUAL against XOVR, data as of Sep 12, 2026. https://etfiq.com/compare/any/QUAL-XOVR Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources