QUALvsOVLETF Comparison
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iShares MSCI USA Quality Factor ETF (QUAL) belongs to the US Multi-Factor segment. Overlay Shares Large Cap Equity ETF (OVL) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. QUAL is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.79% for OVL. QUAL is up 8.4% year-to-date (YTD) with -$6.88B in YTD flows. OVL performs better with 10.66% YTD performance, and +$86M in YTD flows. Run a side-by-side ETF comparison of QUAL and OVL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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QUAL vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QUAL OVL | +1.88%-0.03% | +9.16%+11.03% | +8.40%+10.66% | +21.76%+29.77% | +66.64%+81.01% | +75.51%+87.15% |
| Flows | QUAL OVL | -$7.04B+$27M | -$7.62B+$94M | -$6.88B+$86M | -$16.11B+$28M | -$7.27B+$48M | +$2.05B+$41M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QUAL OVL | +14.75%+17.10% | +12.22%+14.34% | +14.73%+17.16% | +17.50%+19.01% |
| Max drawdown | QUAL OVL | -5.25%-5.91% | -9.01%-8.71% | -18.03%-21.55% | -28.24%-28.68% |
| Max drawdown duration | QUAL OVL | 21d21d | 50d47d | 230d133d | 709d745d |
Trading data
QUAL | OVL | |
Last sale 6/18/2026 at 1:30 PM | $215.89 | $57.08 |
| Previous close 06/17/2026 | $214.45 | $56.41 |
| Consolidated volume 06/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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OVL
is actively managed and doesn’t replicate an indexQUAL | OVL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
QUAL | OVL | |
|---|---|---|
| Last price | $215.89 | $57.08 |
| 1D performance | +0.67% | +1.19% |
| AuM | $44.95 B | $278.43 M |
| E/R | 0.15% | 0.79% |
Characteristics
QUAL | OVL | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Overlay Shares |
| Benchmark | MSCI USA Sector Neutral Quality Index | - |
| N° of holdings | 117 | 478 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 16, 2013 | September 25, 2019 |
| ESG | No | No |
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Exposure
Countries
QUAL
USA
94.79%
Other
5.21%
OVL
USA
96.64%
Other
3.36%
Sectors
QUAL
Information Techn.
37.1%
Communication Ser.
10.37%
Consumer Discreti.
9.84%
Health Care
8.99%
Industrials
8.37%
Other
25.33%
OVL
Information Techn.
35.61%
Communication Ser.
10.96%
Consumer Discreti.
10.09%
Financials
9.73%
Health Care
8.36%
Industrials
8.07%
Other
17.18%
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Diversification
QUAL
Total weight of top 15 holdings out of 15
50.52%
OVL
Total weight of top 15 holdings out of 15
43.74%
Top 15 holdings
Data as of April 30, 2026
QUAL
NVIDIA
6.50%
APPLE
6.27%
MICROSOFT-T
5.04%
META PLATFORMS
3.49%
US5128073062
3.22%
TJX
3.19%
VISA INCORPORATION
3.08%
LILLY
2.92%
KLA CORPORATION
2.78%
ALPHABET INC-CL
2.53%
CATERPILLAR
2.52%
APPLIED MATERIAL
2.45%
MASTERCARD
2.30%
ALPHABET INC-CL
2.11%
BERKSHIRE HATHWAY
2.11%
OVL
NVIDIA
7.84%
APPLE
6.44%
MICROSOFT-T
4.89%
AMAZON.COM INC
4.18%
ALPHABET INC-CL
3.62%
BROADCOM LIMITED
3.20%
ALPHABET INC-CL
2.89%
META PLATFORMS
2.16%
TESLA
1.73%
BERKSHIRE HATHWAY
1.40%
JPMORGAN CHASE
1.27%
LILLY
1.20%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.93%
Frequently asked questions about QUAL and OVL
How have the QUAL and OVL ETFs performed in 2026?
As of June 17, 2026, QUAL is up 8.4% year-to-date (YTD), while OVL has returned 10.66%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: QUAL or OVL?
Year-to-date, the QUAL ETF saw -$6.88B in flows, compared to +$86M for OVL.
Which ETF is more volatile: QUAL or OVL?
Over the past year, QUAL had a volatility of 12.22%, while OVL experienced 14.34%.
Which ETF is bigger: QUAL or OVL?
As of June 17, 2026, QUAL holds $44.95 B in assets under management (AUM), while OVL manages $278.43 M.
What sectors do the QUAL and OVL ETFs invest in?
QUAL leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, OVL focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the QUAL ETF and OVL ETF?
QUAL top holdings include NVIDIA, APPLE and MICROSOFT-T. OVL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: QUAL or OVL?
QUAL holds 122 securities with 50.52% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 43.74%.
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