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Data as of Nov 4, 2026.

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QUAL vs XLSR: Differences, Returns & Fees

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Over the year to Nov 4, 2026, QUAL returned +17.8% to XLSR's +9.5%; 16% of their weight is in the same names.

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Net assets: $49.1bn on Nov 4, 2026 for iShares MSCI USA Quality Factor ETF, and $1.1bn on Nov 3, 2026 for State Street US Sector Rotation ETF.

QUAL on its own →XLSR on its own →
At a glance
+17.8%
QUAL total return, 1 year
+9.5%
XLSR total return, 1 year
0.15%
QUAL expense ratio
0.70%
XLSR expense ratio

Pair scorecard

QUAL costs 0.55 points a year less; their one-year returns differ by 8.3 points; QUAL is far larger, $48.0bn against $1.1bn.

QUAL vs XLSR: Differences, Returns & Fees
MeasureQUALXLSR
Return
Total return, 1 year+17.8%+9.5%
Benchmark
What it tracksMSCI USA Sector Neutral Quality IndexNo index, actively managed
Cost and size
Expense ratio0.15%0.70%
Net assets, as of Nov 3, 2026$48.0bn$1.1bn
Holdings
Holdings in common16%
Top ten holdings, share of the fund44.5%90.9%

Method

What they share

16%

By the books each fund has filed, QUAL and XLSR hold 16% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

0 half 100%

half

16% in common

Positions both hold · largest shared weight first QUAL XLSR
NVIDIA 5.99% 3.84%
APPLE 7.09% 3.71%
MICROSOFT 7.98% 2.79%
META PLATFORMS CLASS A 4.09% 2.37%
ALPHABET CLASS A 1.60% 3.62%
ALPHABET CLASS C 1.26% 2.85%
NETFLIX 1.51% 0.30%
Only in one fund ↓
Only in QUAL
ELI LILLY 4.47%
VISA CLASS A 3.61%
TJX 3.46%
LAM RESEARCH 2.73%
MASTERCARD CLASS A 2.56%
EXXONMOBIL HOLDINGS CORP 2.48%
APPLIED MATERIAL INC 2.32%
JOHNSON & JOHNSON 2.13%
Only in XLSR
STATE STREET TECHNOLOGY SELECT 26.80%
STATE STREET HEALTH CARE SELEC 24.28%
STATE STREET FINANCIAL SELECT 11.54%
STATE STREET CONSUMER DISCRETI 6.50%
STATE STREET COMMUNICATION SER 4.97%
AMAZON.COM INC 1.81%
STATE STREET INDUSTRIAL SELECT 1.38%
BROADCOM INC 1.17%
Check overlap with more funds →

Side by side

QUAL iShares MSCI USA Quality Factor ETF XLSR State Street US Sector Rotation ETF
Where it sits Stock ETF Stock ETF
Issuer iShares State Street
What it is Tracks the MSCI USA Quality Factor Actively managed
Total return, 1 year +17.8% +9.5%
Its benchmark over the same days +14.5% (MLRG) +14.8% (VOO)
Gap to its benchmark +3.3 pts vs MLRG −5.3 pts vs VOO
Expense ratio 0.15% 0.70%
Already in the S&P 500 97.2% 34.4%
Holdings 119 21
Net assets, QUAL as of Nov 4, 2026 and XLSR as of Nov 3, 2026 $49.1bn $1.1bn

QUAL and XLSR on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund
QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Nov 4, 2026 it returned +17.8% with distributions reinvested, against +14.5% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Nov 3, 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%.

XLSR

XLSR is actively managed and tracks no index. Over the year to Nov 4, 2026 it returned +9.5% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.70% a year. By its holdings published by its issuer for Nov 3, 2026, 34% of the fund by weight is stocks the S&P 500 also holds, across 21 positions, with the top ten at 90.9%.

Questions people ask

Which returned more over the last year, QUAL or XLSR?
In the year to Nov 4, 2026, with distributions reinvested, QUAL returned +17.8% and XLSR +9.5%.
Which is cheaper, QUAL or XLSR?
QUAL is cheaper, by 0.55 percentage points a year. That is about $55 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QUAL and XLSR overlap with the S&P 500?
By their latest filed holdings, 97% of QUAL and 34% of XLSR by weight is stocks the S&P 500 already holds.
Other comparisons
QUAL vs VOTEDSPY vs QUALFFLC vs QUALQUAL vs SUSLVV vs XLSRSCHB vs XLSRDYNF vs XLSRCGDV vs XLSR
Where to next
QUAL on its own →XLSR on its own →Hold both: look the portfolio through →Rankings →QUAL dividend history →QUAL holdings →XLSR dividend history →XLSR holdings →Standards and sources →
Sources and dates
QUAL filings on SEC EDGAR ↗
QUAL prospectus with the expense ratio (SEC) ↗
iShares page for QUAL ↗
XLSR filings on SEC EDGAR ↗
XLSR prospectus with the expense ratio (SEC) ↗
State Street website ↗

Links are sources, not endorsements. 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.

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ETFIQ, QUAL against XLSR, data as of Nov 4, 2026. https://etfiq.com/compare/any/qual-vs-xlsr

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