INTF vs QWLD: Grades, Fees and Holdings Compared

iShares International Equity Factor ETF

INTFANYSE Arca

State Street SPDR MSCI World StrategicFactors ETF

QWLDBNYSE Arca

Overlap

10.1%by weight

Expense ratio

INTF −0.14pt a year

INTF0.16%QWLD0.30%

Avg volume · 30D

INTF 190.0×the volume

INTF309KQWLD1.63K

10Y return · a year

QWLD +2.8pt

INTF+9.3%QWLD+12.1%

INTF vs QWLD Performance

Oct 29, 2021 – Oct 30, 2026

+65.8%INTF+60.3%QWLD

Expense ratio: INTF 0.16%, better; QWLD 0.30%
Fund size: INTF $3.7B; QWLD $179M
1Y total return: INTF +17.0%, better; QWLD +14.2%
Yield (12M): INTF 3.02%, better; QWLD 1.76%
Holdings: INTF 501; QWLD 1239
Avg volume (30D): INTF 309K sh, better; QWLD 1.63K sh
NAV per share: INTF $41.10; QWLD $158.88
52W range

ETF.net Grade

Pillar letters and Scores for INTF, QWLD, with each pillar’s weight
Pillar	INTF	QWLD
Cost30% weight	A98Higher	B59
Mission25% weight	Not scored	A81
Risk15% weight	B55	A80Higher
Tradability15% weight	A73Higher	C51
Holdings10% weight	B68Higher	C51
Durability5% weight	A86Higher	B57

Rank among International Multifactor funds

How we build Categories ›

Same Category. INTF and QWLD are both graded against the same 30 International Multifactor funds, so their Grades compare head to head.

International Multifactor⁠

Category · 30 funds

See all 30 ›

INTF ranks 1st and QWLD 12th of 30 funds in the International Multifactor Category.

Rank 1AINTFiShares International Equity Factor ETFScore 79
Rank 2ADFAIDimensional International Core Equity Market ETFScore 77
Rank 12BDXIVDimensional International Vector Equity ETFScore 60
Rank 12BQWLDState Street SPDR MSCI World StrategicFactors ETFScore 60
Rank 14CGSEUGoldman Sachs ActiveBeta Europe Equity ETFScore 54

Our read on each fund

ETF.net Research

INTFAiShares International Equity Factor ETF

QWLDBState Street SPDR MSCI World StrategicFactors ETF

In short

INTF Five factors at once (value, quality, momentum, low volatility, low size) aimed at developed markets outside the US, for 0.16% a year. That is well under half what the typical international multifactor fund charges.

QWLD Three factor tilts (value, quality, low volatility) blended into one developed-world index instead of three separate bets. Live since 2014, priced below the typical multifactor peer, and it spans all 23 developed markets rather than an ex-US slice.

Stated mandate

INTF The fund seeks to track an index of international developed-market stocks chosen using value, quality, momentum, low-volatility, and low-size factors.

QWLD The fund seeks to track the total return of the MSCI World Factor Mix A-Series Index before fees and expenses. The index combines value, low-volatility, and quality exposures across large- and mid-cap stocks in 23 developed countries.

Why people hold it

INTF At 0.16% a year it undercuts the peer median of 0.38%, and also GSIE (0.25%), RODM (0.29%) and FDEV (0.18%).
One basket of roughly 500 developed-market stocks does the work of separate value, quality, momentum, low-volatility and small-size sleeves.
Live since 2015 and now a multi-billion-dollar iShares fund, giving it more history than much of the international multifactor shelf.
Rates among the strongest implementations in its international multifactor peer group of 29 funds.

QWLD Costs 0.30% a year against a 0.38% median for its multifactor peer group. Cheap for a strategy that runs three screens at once.
The index blends value, quality and low volatility in one wrapper, so no single factor's cold spell drives the whole result. MSCI does the rebalancing; you hold one ticker.ssga.com
Well over a thousand large- and mid-cap names across 23 developed countries. Most rivals here carve out the US; this one keeps the whole developed world in the basket.
A decade-plus of live history under State Street, with tracking that has stayed tight to the index it advertises. It sits in the upper half of its multifactor cohort.

Worth knowing

INTF Factor tilts are the whole point, so returns can wander from a plain cap-weighted international index in either direction, sometimes for long stretches.
Developed markets only. No emerging-market exposure here, and returns move with foreign currencies as well as foreign stocks.
Volume is moderate rather than heavy, so limit orders help. Distributions land once or twice a year, not quarterly.

QWLD Thinly traded with a modest asset base, so spreads can run wider than the household-name international funds. Order type and size matter more here.
Distributions land once or twice a year, not quarterly. Income-focused holders get a lumpier cadence.
Cheaper multifactor options exist: INTF charges 0.16% and FDEV 0.18%, though both fish in ex-US waters rather than the full developed world.

Full INTF profile⁠

Full QWLD profile⁠

INTF vs QWLD Holdings

How INTF and QWLD differ

Overlap by weight

10.1%

Shared holdings make up 39.9% of INTF and 11.1% of QWLD.

Level by level

Holdings165 in both10.1%
Countryby domicile31.5%
Sector11 Sectors73.1%
Asset classEquity100%

Sector

Sector weights in INTF and QWLD, widest gap first
Sector	More in INTFMore in QWLD	INTF	QWLD
Technology	QWLD +14.4 points	10.7%	25.1%
Financials	INTF +9.8 points	26.8%	17.0%
Industrials	INTF +6.7 points	16.9%	10.2%
Communication	QWLD +5.4 points	3.1%	8.5%
Health Care	QWLD +5.0 points	8.7%	13.7%
Materials	INTF +4.4 points	6.7%	2.3%
Consumer Discretionary	INTF +3.2 points	9.3%	6.1%
Consumer Staples	QWLD +2.1 points	6.0%	8.1%
Real Estate	INTF +1.4 points	2.3%	0.9%
Energy	INTF +1.1 points	5.5%	4.4%
Utilities	INTF +0.3 points	4.0%	3.7%

Country, concentration and asset class

Country by domicile

Country weights in INTF and QWLD, widest gap first
Country	More in INTFMore in QWLD	INTF	QWLD
United States	QWLD +67.2 points	0.0%	67.2%
Japan	INTF +18.4 points	26.4%	8.0%
United Kingdom	INTF +10.1 points	13.8%	3.7%
Australia	INTF +4.9 points	6.5%	1.6%
Canada	INTF +4.8 points	7.8%	3.0%
France	INTF +4.7 points	6.9%	2.2%
Switzerland	INTF +4.7 points	8.6%	3.9%
Germany	INTF +4.7 points	6.9%	2.2%
Other countries (18)	INTF +14.9 points	23.1%	8.2%

Outside the US: INTF 100% developed, 0% emerging. QWLD 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

INTF12.8%
QWLD17.9%

Securities held

INTF482
QWLD1,210

Asset class

INTF: Equity
QWLD: Equity

Holdings

Only in INTF317
In both165
Only in QWLD1,045

Only in INTF

317 securities, 59.6% of INTF by weight

Asml Holding2.30%
Hsbc Holdings PLC1.02%
Astrazeneca PLC0.96%
Totalenergies0.83%
Sap0.82%
Shell0.80%
Unicredit0.77%
Abn Amro Bank NV0.69%
Siemens N AG0.69%
Banco Bilbao Vizcaya Argentaria0.63%
Aib Group PLC0.63%
Bp PLC0.60%
Loreal SA0.56%
Repsol0.56%
Novo Nordisk Class B0.54%
Rolls-Royce Holdings PLC0.54%
Glaxosmithkline0.51%
Nordea Bank0.49%
The Sage Group0.48%
Allianz0.48%
Engie SA0.47%
Siemens Energy N AG0.47%
Tesco PLC0.43%
Sanofi SA0.43%
Vodafone Group PLC0.42%
Bae Systems PLC0.42%
Investor Class B0.42%
Balfour Beatty PLC0.41%
Credit Agricole SA0.40%
Safran SA0.40%
Schneider Electric0.40%
Shopify Subordinate Voting Class A0.39%
Equinor0.39%
Deutsche Boerse AG0.38%
Banco Santander0.38%
Koninklijke Ahold Delhaize0.38%
Jb Hi-Fi Ltd0.38%
Deutsche Bank AG0.38%
Yangzijiang Shipbuilding (Holdings0.36%
Al Sydbank0.35%
Iberdrola0.35%
Iss A’s0.35%
Hokuhoku Financial Group Inc0.34%
Muenchener Rueckversicherungs-Gese0.34%
Ageas0.34%
Uss0.34%
Enel0.34%
Coca Cola Hbc AG0.33%
Deutsche Telekom N AG0.33%
Naturgy Energy Group SA0.33%

Only in QWLD

1,045 securities, 88.9% of QWLD by weight

Microsoft Corp3.19%
Apple Inc2.65%
NVIDIA Corp2.30%
Meta Platforms Inc Class A1.89%
Eli Lilly & Co1.60%
Broadcom Inc1.53%
Johnson & Johnson1.37%
Visa Inc Class A Shares1.32%
Asml Holding NV1.13%
Cisco Systems Inc0.93%
Exxonmobil Holdings Corp0.93%
Alphabet Inc Class A0.89%
Procter & Gamble Co/The0.84%
Merck & Co. Inc.0.84%
Berkshire Hathaway Inc Class B0.81%
Coca Cola Co/The0.81%
Alphabet Inc Class C0.79%
Walmart Inc0.79%
Costco Wholesale Corp0.69%
Mastercard Inc A0.68%
Applied Materials Inc0.61%
Palantir Technologies Inc A0.61%
JPMorgan Chase & Co0.58%
Pepsico Inc0.56%
Amphenol Corp Class A0.55%
Duke Energy Corp0.53%
Sap SE0.52%
Lam Research Corp0.52%
Verizon Communications Inc0.50%
Amazon.com Inc0.50%
Southern Co/The0.49%
At+t Inc0.48%
Motorola Solutions Inc0.48%
Mckesson Corp0.47%
Tjx Companies Inc0.47%
Cencora Inc0.47%
Gilead Sciences Inc0.46%
Progressive Corp0.45%
Vertex Pharmaceuticals Inc0.45%
Chubb Ltd0.44%
Shell PLC0.42%
Chevron Corp0.42%
Netflix Inc0.42%
Travelers Cos Inc/The0.41%
Accenture PLC Class A0.41%
Lockheed Martin Corp0.40%
Texas Instruments Inc0.40%
Marsh & Mclennan Cos0.39%
Cme Group Inc0.38%
Astrazeneca PLC0.37%

Weight gaps

The 100 widest of 165 Holdings in both funds.

Holding weights in INTF and QWLD, widest gap first
Holding	More in INTFMore in QWLD	INTF	QWLD
Novartis AG	INTF +1.42 points	2.25%	0.83%
Royal Bank of Canada	INTF +0.98 points	1.20%	0.22%
Mitsubishi Ufj Financial Group	INTF +0.89 points	1.04%	0.15%
Mizuho Financial Group	INTF +0.75 points	0.83%	0.08%
Sumitomo Mitsui Financial Group	INTF +0.75 points	0.86%	0.11%
Abb Ltd	INTF +0.74 points	0.92%	0.18%
Loblaw Companies Ltd	INTF +0.71 points	0.81%	0.11%
Roche Ps Par AG	INTF +0.67 points	1.22%	0.55%
Bhp Group Ltd	INTF +0.63 points	0.91%	0.28%
Manulife Financial	INTF +0.61 points	0.66%	0.05%
Recruit Holdings Ltd	INTF +0.60 points	0.81%	0.21%
Rio Tinto	INTF +0.59 points	0.64%	0.05%
Nestle SA	INTF +0.57 points	0.99%	0.42%
Commonwealth Bank of Australia	INTF +0.56 points	0.64%	0.08%
Suncor Energy Inc	INTF +0.57 points	0.62%	0.05%
Asics	INTF +0.51 points	0.54%	0.03%
Ubs Group AG	INTF +0.51 points	0.62%	0.11%
Hitachi	INTF +0.51 points	0.56%	0.05%
Toyota Motor	INTF +0.46 points	0.68%	0.22%
Sony Group	INTF +0.39 points	0.47%	0.08%
Advantest	INTF +0.38 points	0.63%	0.25%
Tokio Marine Holdings	INTF +0.37 points	0.50%	0.13%
Softbank Group Corp	INTF +0.34 points	0.37%	0.03%
Daiwa Securities Group Inc	INTF +0.34 points	0.35%	<0.01%
Kioxia Holdings	INTF +0.34 points	0.35%	0.01%
Compagnie Financiere Richemont SA	INTF +0.32 points	0.36%	0.04%
MS&AD Insurance Group Holdings	INTF +0.32 points	0.38%	0.06%
Aia Group	INTF +0.31 points	0.35%	0.04%
Tokyo Electron	INTF +0.31 points	0.47%	0.16%
Canadian Natural Resources Ltd	INTF +0.31 points	0.36%	0.05%
Fast Retailing	INTF +0.31 points	0.41%	0.10%
Mitsubishi Heavy Industries	INTF +0.29 points	0.31%	0.02%
Otsuka Corp	INTF +0.28 points	0.34%	0.06%
Subaru	INTF +0.28 points	0.30%	0.02%
Nutrien Ltd	INTF +0.28 points	0.30%	0.02%
Galderma Group N AG	INTF +0.28 points	0.30%	0.02%
Kinross Gold	INTF +0.25 points	0.28%	0.03%
Barrick Mining	INTF +0.24 points	0.27%	0.03%
Wheaton Precious Metals	INTF +0.23 points	0.24%	<0.01%
Japan Post Bank Ltd	INTF +0.23 points	0.29%	0.06%
Takeda Pharmaceutical	QWLD +0.23 points	0.21%	0.44%
Origin Energy	INTF +0.23 points	0.24%	0.01%
Pandora	INTF +0.22 points	0.24%	0.02%
Woolworths Group	INTF +0.23 points	0.25%	0.02%
Schindler Holding Par AG	INTF +0.22 points	0.24%	0.02%
Power Corporation of Canada	INTF +0.22 points	0.24%	0.02%
Telstra Group	INTF +0.22 points	0.29%	0.07%
Daiichi Life Group	INTF +0.20 points	0.23%	0.03%
Logitech International	INTF +0.20 points	0.22%	0.02%
Wh Group	INTF +0.19 points	0.20%	<0.01%
Coles Group Ltd	INTF +0.19 points	0.20%	0.01%
Toronto Dominion	INTF +0.19 points	0.39%	0.20%
Itochu	INTF +0.18 points	0.24%	0.06%
Keyence	QWLD +0.18 points	0.06%	0.24%
Sumitomo Electric Industries	INTF +0.18 points	0.19%	0.01%
Mitsubishi Electric	INTF +0.18 points	0.20%	0.02%
Oversea-Chinese Banking	INTF +0.17 points	0.28%	0.11%
Alfa Laval	INTF +0.17 points	0.19%	0.02%
Yokogawa Electric	INTF +0.17 points	0.22%	0.05%
Mitsui	INTF +0.16 points	0.21%	0.05%
Komatsu	INTF +0.17 points	0.19%	0.02%
Hoya	INTF +0.15 points	0.22%	0.07%
Telia Company	INTF +0.15 points	0.20%	0.05%
Screen Holdings Ltd	INTF +0.16 points	0.17%	0.01%
Daiichi Sankyo Ltd	INTF +0.15 points	0.19%	0.04%
Sumitomo	INTF +0.15 points	0.18%	0.03%
Singapore Airlines Ltd	INTF +0.14 points	0.15%	<0.01%
Imperial Oil Ltd	INTF +0.14 points	0.18%	0.04%
Ck Hutchison Holdings	INTF +0.15 points	0.18%	0.03%
Bce Inc	INTF +0.14 points	0.15%	<0.01%
Nissan Motor	INTF +0.14 points	0.16%	0.02%
Fujikura	INTF +0.13 points	0.17%	0.04%
Fortescue Ltd	INTF +0.13 points	0.16%	0.03%
Japan Post Insurance Ltd	INTF +0.13 points	0.14%	<0.01%
Dollarama	QWLD +0.13 points	0.04%	0.17%
Magna International	INTF +0.13 points	0.15%	0.02%
Murata Manufacturing	INTF +0.12 points	0.14%	0.02%
Zurich Insurance Group AG	INTF +0.13 points	0.45%	0.32%
Sanrio	INTF +0.12 points	0.13%	<0.01%
Mitsubishi Estate Co Ltd	INTF +0.12 points	0.13%	0.01%
Nexon	INTF +0.12 points	0.12%	<0.01%
Dbs Group Holdings Ltd	INTF +0.12 points	0.35%	0.23%
Ebara	INTF +0.12 points	0.12%	<0.01%
Fairfax Financial Holdings Sub Vot	INTF +0.11 points	0.22%	0.11%
Marubeni	INTF +0.11 points	0.14%	0.03%
Tokyo Gas Ltd	INTF +0.11 points	0.15%	0.04%
Fujitsu	INTF +0.10 points	0.23%	0.13%
Wesfarmers	INTF +0.11 points	0.19%	0.08%
Ck Asset Holdings Ltd	INTF +0.11 points	0.12%	0.01%
Furukawa Electric Ltd	INTF +0.10 points	0.10%	<0.01%
Otsuka Holdings	INTF +0.10 points	0.20%	0.10%
Holcim Ltd AG	INTF +0.10 points	0.12%	0.02%
Japan Post Holdings Ltd	INTF +0.10 points	0.13%	0.03%
Dai Nippon Printing	INTF +0.09 points	0.10%	<0.01%
Chugai Pharmaceutical Ltd	INTF +0.10 points	0.13%	0.03%
Sgs SA	INTF +0.09 points	0.10%	<0.01%
Orix	INTF +0.10 points	0.12%	0.02%
Alcon AG	INTF +0.09 points	0.10%	0.01%
Celestica	INTF +0.09 points	0.15%	0.06%
Daifuku	INTF +0.09 points	0.10%	0.01%

All 483 INTF holdings⁠All 1,223 QWLD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

INTF vs QWLD Cost

Overpaying QWLD vs INTF

$2,807

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

INTF 0.16%
$3,342
QWLD 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

INTF 0.16%
QWLD 0.30%
Overpaying

Year by year

Year	INTF	QWLD	Overpaying
10	$292	$545	$253
20	$1,141	$2,113	$972
30	$3,342	$6,149	$2,807

Expense ratio

0.16%INTF, cheaper
0.30%QWLD

INTF0.16%QWLD0.30%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

INTF 2nd cheapest of 30 funds

QWLD 12th cheapest of 30 funds

INTF vs QWLD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): INTF 3.02%, better; QWLD 1.76%
Payout (12M): INTF $1.24; QWLD $2.78
Last payment: INTF $0.72; QWLD $1.34
Ex-dividend: INTF Jun 15, 2026; QWLD Jun 1, 2026
Paid on: INTF Jun 18, 2026; QWLD Jun 5, 2026
Frequency: INTF Twice a year; QWLD Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

INTFTwice a year · 20 paymentsAll INTF payments⁠

QWLDTwice a year · 19 paymentsAll QWLD payments⁠

INTF vs QWLD Risk

Fall from peak · 5 years

INTF
QWLD

Risk facts

VolatilityStd dev, 3 years: INTF 11.2%QWLD 9.4%, better
Return per unit of riskSharpe ratio, 3 years: INTF 1.45, betterQWLD 1.43
Worst fallMax drawdown, 5 years: INTF −27.6%QWLD −22.8%, better
Market sensitivityBeta, 5 years: INTF 0.74QWLD 0.77; Market = 1

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