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LCTU vs QUAL: Differences, Returns & Fees

LCTU and QUAL hold 41% of their weight in the same names, and QUAL returned +17.1% over the year. Net assets on Oct 9, 2026: $1.2bn for iShares U.S. Carbon Transition Readiness Aware Active ETF and $49.0bn for iShares MSCI USA Quality Factor ETF.

Both cost 0.15% a year; their one-year returns differ by 1.8 points; QUAL is far larger, $49.0bn against $1.2bn.

Points (pts) are percentage points.

LCTU vs QUAL: Differences, Returns & Fees
LCTUQUAL
Expense ratio0.15%0.15%
Net assets$1.2bn$49.0bn
Total return, 1 year+15.3%+17.1%
What it tracksNo index, actively managedMSCI USA Sector Neutral Quality Index ?
Holdings in common41%
Top ten holdings, share of the fund35.2%45.7%

Holdings in common uses holdings dated Oct 9, 2026.

+15.3%
LCTU total return, 1 year
+17.1%
QUAL total return, 1 year
0.15%
LCTU expense ratio
0.15%
QUAL expense ratio

What they hold in common

By the books each fund has filed, LCTU and QUAL hold 41% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

half

41% in common

Positions both hold, largest shared weight first
Holding LCTU QUAL
APPLE 7.14% 7.03%
NVIDIA 7.91% 6.49%
MICROSOFT 5.12% 8.01%
META PLATFORMS CLASS A 2.30% 4.62%
ALPHABET CLASS A 2.48% 1.97%
ALPHABET CLASS C 1.90% 1.54%
ELI LILLY 1.33% 3.65%
BERKSHIRE HATHAWAY INC CLASS B 1.16% 1.81%
MASTERCARD CLASS A 0.92% 2.28%
WALMART 0.86% 0.96%
NETFLIX 0.75% 1.63%
PROLOGIS REIT 1.05% 0.73%
Only in LCTU
AMAZON.COM INC 3.18%
BROADCOM INC 2.05%
MICRON TECHNOLOGY 1.60%
ADVANCED MICRO DEVICES 1.55%
TESLA INC 1.49%
BANK OF AMERICA 1.31%
JPMORGAN CHASE & CO 0.98%
RTX 0.83%
Only in QUAL
ROSS STORES INC 1.34%
AUTOMATIC DATA PROCESSING INC 1.16%
LINDE PLC 1.00%
PROCTER & GAMBLE 0.83%
3M 0.82%
GARMIN 0.81%
LOCKHEED MARTIN CORP 0.81%
ILLINOIS TOOL INC 0.69%

Check overlap with more funds →

On the same fields

LCTU
iShares U.S. Carbon Transition Readiness Aware Active ETF
QUAL
iShares MSCI USA Quality Factor ETF
Where it sits Stock ETF Stock ETF
Issuer iShares iShares
What it is Actively managed Tracks the MSCI USA Quality Factor
Total return, 1 year +15.3% +17.1%
Its benchmark over the same days +16.6% (IWB) not published
Gap to its benchmark −1.4 pts vs IWB not available
Expense ratio 0.15% 0.15%
Already in the S&P 500 93.4% 97.2%
Holdings 322 119
Net assets $1.2bn $49.0bn

LCTU and QUAL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About LCTU

LCTU is actively managed and tracks no index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 322 positions, with the top ten at 35.2%.

Over the year to Oct 9, 2026 it returned +15.3% with distributions reinvested, against +16.6% for its benchmark, the Russell 1000 Index.

About QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 9, 2026 it returned +17.1% with distributions reinvested. By its holdings published by its issuer for Oct 9, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 45.7%.

Questions people ask

Which returned more over the last year, LCTU or QUAL?
In the year to Oct 9, 2026, with distributions reinvested, LCTU returned +15.3% and QUAL +17.1%.
Which is cheaper, LCTU or QUAL?
Neither: LCTU and QUAL both charge 0.15% a year. Fees come from each fund's prospectus.
How much do LCTU and QUAL overlap with the S&P 500?
By their latest filed holdings, 93% of LCTU and 97% of QUAL by weight is stocks the S&P 500 already holds.
Other comparisons
LCTU vs SCHXLCTU vs VIGLCTU vs SPYMLCTU vs VTIQUAL vs SUSLAVLC vs QUALQUAL vs STXFQUAL vs TDVG
LCTU on its own →QUAL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
LCTU filings on SEC EDGAR ↗LCTU prospectus with the expense ratio (SEC) ↗iShares page for LCTU ↗QUAL filings on SEC EDGAR ↗QUAL prospectus with the expense ratio (SEC) ↗iShares page for QUAL ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, LCTU against QUAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/lctu-vs-qual

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.