Data as of Oct 28, 2026.

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IEF vs QUAL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IEF returned −3.2% to QUAL's +13.1%; 0% of their weight is in the same names.

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Net assets: $43.5bn on Oct 27, 2026 for iShares 7-10 Year Treasury Bond ETF, and $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF.

At a glance
−3.2%
IEF total return, 1 year
+13.1%
QUAL total return, 1 year
0.15%
IEF expense ratio
0.15%
QUAL expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 16.3 points; QUAL is 1.1 times larger.

Points (pts) are percentage points.

IEF vs QUAL: Differences, Returns & Fees
MeasureIEFQUAL
Return
Total return, 1 year−3.2%+13.1%
Drawdown
Below its high13.1%, high on Aug 4, 2020
Benchmark
What it tracksICE U.S. Treasury 7-10 Year Bond IndexMSCI USA Sector Neutral Quality Index
Cost and size
Expense ratio0.15%0.15%
Net assets, as of Oct 26, 2026$43.4bn$48.3bn
Holdings
Holdings in common0%
In the S&P 500, by weight97%
Top ten holdings, share of the fund44.5%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, IEF and QUAL hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IEF QUAL
Only in one fund ↓
Only in IEF
TREASURY NOTE 8.82%
TREASURY NOTE 8.80%
TREASURY NOTE 8.74%
TREASURY NOTE 8.68%
TREASURY NOTE (OLD) 8.68%
TREASURY NOTE (2OLD) 8.65%
TREASURY NOTE 8.48%
TREASURY NOTE 8.40%
Only in QUAL
MICROSOFT 8.09%
APPLE 7.38%
NVIDIA 6.28%
META PLATFORMS CLASS A 4.06%
ELI LILLY 4.04%
TJX 3.50%
VISA CLASS A 3.44%
LAM RESEARCH 2.84%
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Side by side

IEF iShares 7-10 Year Treasury Bond ETF QUAL iShares MSCI USA Quality Factor ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of 7-10 Year Treasury Bond Tracks the MSCI USA Quality Factor
Total return, 1 year −3.2% +13.1%
Its benchmark over the same days not measured +13.6% (MLRG)
Gap to its benchmark not measured −0.5 pts vs MLRG
Expense ratio 0.15% 0.15%
Holdings 17 119
Net assets, IEF as of Oct 27, 2026 and QUAL as of Oct 28, 2026 $43.5bn $48.2bn

IEF and QUAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
IEF

IEF tracks an index of 7-10 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −3.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. It sat 13.1% below its high of Aug 4, 2020 on Oct 28, 2026.

QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.

Questions people ask

Which returned more over the last year, IEF or QUAL?
In the year to Oct 28, 2026, with distributions reinvested, IEF returned −3.2% and QUAL +13.1%.
Which is cheaper, IEF or QUAL?
Neither: IEF and QUAL both charge 0.15% a year. Fees come from each fund's prospectus.
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ETFIQ, IEF against QUAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/ief-vs-qual

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