QUAL vs SEIQ: Grades, Fees and Holdings Compared

iShares MSCI USA Quality Factor ETF

QUALACboe

SEI QiM U.S. Large Cap Quality Active ETF

SEIQBCboe

Overlap

41.6%by weight

Expense ratio

QUAL0.15%SEIQ0.15%

Avg volume · 30D

QUAL 82.6×the volume

QUAL4.28MSEIQ51.8K

3Y return · a year

QUAL +2.3pt

QUAL+18.6%SEIQ+16.3%

QUAL vs SEIQ Performance

Nov 7, 2025 – Nov 9, 2026

+16.3%QUAL+15.2%SEIQ

Expense ratio: QUAL 0.15%; SEIQ 0.15%
Fund size: QUAL $47.6B; SEIQ $778M
1Y total return: QUAL +16.3%, better; SEIQ +15.2%
Yield (12M): QUAL No data; SEIQ 0.95%
Holdings: QUAL 121; SEIQ 66
Avg volume (30D): QUAL 4.28M sh, better; SEIQ 51.8K sh
NAV per share: QUAL $54.80; SEIQ $42.52
52W range

ETF.net Grade

Pillar letters and Scores for QUAL, SEIQ, with each pillar’s weight
Pillar	QUAL	SEIQ
Cost30% weight	A84	A84
Mission25% weight	A95	Not scored
Risk15% weight	A74Higher	B67
Tradability15% weight	B60Higher	C50
Holdings10% weight	D37Higher	D36
Durability5% weight	A96Higher	B63

Rank among US Quality Index funds

How we build Categories ›

Same Category. QUAL and SEIQ are both graded against the same 26 US Quality Index funds, so their Grades compare head to head.

US Quality Index⁠

Category · 26 funds

See all 26 ›

QUAL ranks 2nd and SEIQ 7th of 26 funds in the US Quality Index Category.

Rank 1AJQUAJPMorgan U.S. Quality Factor ETFScore 81
Rank 2AQUALiShares MSCI USA Quality Factor ETFScore 77
Rank 3AFQALFidelity Quality Factor ETFScore 76
Rank 6BXMHQInvesco S&P MidCap Quality ETFScore 67
Rank 7BSEIQSEI QiM U.S. Large Cap Quality Active ETFScore 65
Rank 8BDUHPU.S. High Relative Profitability Portfolio ETF Class SharesScore 64

Our read on each fund

ETF.net Research

QUALAiShares MSCI USA Quality Factor ETF

SEIQBSEI QiM U.S. Large Cap Quality Active ETF

In short

QUAL QUAL screens US large and mid caps for high return on equity, low debt and steady earnings, then does it sector by sector, so the portfolio stays spread across the market instead of piling into whichever sector looks healthiest.

SEIQ SEI runs quality the active way: about 50 U.S. large caps its own manager judges to be the best of the bunch, priced at 0.15%. Index-fund economics on a hand-picked portfolio, in a factor aisle dominated by rules-based giants.

Stated mandate

QUAL The fund tracks an index of U.S. large- and mid-capitalization stocks selected for quality characteristics, including high return on equity, stable earnings, and low debt.

SEIQ The Fund seeks long-term capital appreciation by investing primarily in U.S. common stocks that SIMC considers to have superior quality.

Why people hold it

QUAL At 0.15%, it undercuts the typical quality-factor fund, where the cohort median sits at 0.29%.
Sector neutral by design: companies are ranked on return on equity, leverage and earnings variability against rivals in their own GICS sector.msci.com ishares.com
Running since 2013, now a $25B-$100B fund that trades actively, with returns that stay close to its index.

SEIQ 0.15% is index-fund cheap for an actively picked portfolio, level with the largest passive quality funds (QUAL, FQAL) and under most of the cohort.
About 50 names, so the quality screen actually shows up in the portfolio instead of getting diluted across hundreds of stocks.
Tight mandate: U.S. common stocks SEI's manager judges to have superior quality, screened on profitability. Little room to wander into other factors.
Holds the upper half of a quality-factor group stacked with cheap giants from iShares, Vanguard, Fidelity and JPMorgan.

Worth knowing

QUAL About 120 large and mid caps, leaning on the same familiar giants as a broad US index fund. This is a tilt on core equity, not new ground.
Sector neutrality cuts both ways: it keeps a foot in every sector rather than stepping away from ones with weak fundamentals.msci.com
Cheap, not cheapest. JQUA (0.12%) and VFQY (0.13%) shave a basis point or three off the fee.

SEIQ Concentration cuts both ways: with roughly 50 holdings, one company's bad quarter lands harder than it would in a quality index spread across hundreds.
Quality here is SEI's own call, not a published index rule, so the portfolio can look quite different from the standard factor benchmarks.
Launched in 2022 and moderately traded, so it carries a shorter record and a thinner order book than the category's largest funds.

Full QUAL profile⁠

Full SEIQ profile⁠

QUAL vs SEIQ Holdings

How QUAL and SEIQ differ

Overlap by weight

41.6%

Shared holdings make up 62.1% of SEIQ and 53.5% of QUAL.

Level by level

Holdings33 in both41.6%
Sector11 Sectors81.9%
Countryby domicile98.8%
Asset classStocks100%

Sector

Sector weights in QUAL and SEIQ, widest gap first
Sector	Gap	QUAL	SEIQ
Consumer Staples	SEIQ +6.9 points	4.9%	11.8%
Communication	QUAL +5.9 points	9.3%	3.4%
Consumer Discretionary	SEIQ +5.4 points	9.8%	15.2%
Energy	QUAL +3.4 points	3.4%	0.0%
Financials	QUAL +3.1 points	13.2%	10.1%
Technology	SEIQ +2.7 points	34.3%	37.0%
Utilities	QUAL +2.2 points	2.2%	0.0%
Health Care	SEIQ +2.2 points	10.5%	12.7%
Materials	QUAL +1.9 points	1.9%	0.0%
Real Estate	QUAL +1.6 points	1.6%	0.0%
Industrials	SEIQ +1.0 points	8.8%	9.8%

Country, concentration and asset class

Country by domicile

Country weights in QUAL and SEIQ, widest gap first
Country	More in QUALMore in SEIQ	Gap	QUAL	SEIQ
United States		SEIQ +1.2 points	98.8%	100.0%
Switzerland		QUAL +1.2 points	1.2%	0.0%

Concentration

Weight in the 10 largest Holdings

QUAL44.0%
SEIQ41.7%

Securities held

QUAL118
SEIQ65

Asset class

QUAL: Stocks
SEIQ: Stocks

Holdings

Only in QUAL85
In both33
Only in SEIQ32

Only in QUAL

85 securities, 46.3% of QUAL by weight

Eli Lilly4.34%
Exxonmobil Holdings Corp2.34%
Berkshire Hathaway Inc Class B2.07%
Applied Material Inc2.05%
Alphabet Class A1.65%
Netflix1.52%
Ross Stores Inc1.44%
Merck & Co Inc1.41%
Automatic Data Processing Inc1.35%
Arista Networks1.32%
Costco Wholesale Corp1.23%
Walmart1.12%
Linde PLC1.10%
Accenture PLC Class A1.08%
3M0.98%
Lockheed Martin0.94%
Chipotle Mexican Grill0.92%
Garmin0.89%
Gilead Sciences0.79%
Williams Sonoma Inc0.77%
Applovin Class A0.74%
Prologis Reit0.74%
Trane Technologies PLC0.70%
Howmet Aerospace0.61%
Intuit0.58%
Xcel Energy Inc0.53%
Consolidated Edison0.53%
BlackRock0.52%
Pultegroup0.44%
Atmos Energy0.44%
Charles Schwab0.43%
Progressive0.43%
S&P Global0.41%
Best Buy0.40%
Sherwin Williams0.37%
Cme Group Class A0.36%
Pepsico0.36%
Comfort Systems Usa0.36%
Chubb0.36%
Ameren0.35%
Public Storage Reit0.34%
American Water Works0.33%
Ecolab0.33%
Eog Resources0.32%
Deckers Outdoor0.31%
Marsh0.30%
Vivmark Residential0.30%
Slb0.29%
Travelers Companies0.26%
Cbre Group Class A0.25%

Only in SEIQ

32 securities, 37.6% of SEIQ by weight

Cisco Systems Inc2.68%
Altria Group Inc2.59%
Philip Morris International2.52%
Colgate-Palmolive Co2.33%
Msci Inc2.31%
Booking Holdings Inc2.17%
Verisign Inc2.17%
Yum! Brands Inc2.14%
Otis Worldwide Corp2.12%
Airbnb Inc-Class A2.05%
Broadcom Inc2.04%
Ebay Inc1.51%
Snap-On Inc1.30%
Exelixis Inc1.05%
Domino's Pizza Inc0.92%
Graco Inc0.88%
Mcdonald's Corp0.77%
Mettler-Toledo International0.73%
Donaldson Co Inc0.71%
Match Group Inc0.69%
Texas Instruments Inc0.58%
Amazon.com Inc0.58%
Smith (A.o.) Corp0.53%
Kimberly-Clark Corp0.52%
Nordson Corp0.46%
O'reilly Automotive Inc0.35%
Manhattan Associates Inc0.32%
Dolby Laboratories Inc-Cl A0.28%
Autozone Inc0.16%
Ametek Inc0.16%
Fair Isaac Corp<0.01%
Home Depot Inc<0.01%

Weight gaps

All 33 Holdings in both funds, largest gap first.

Holding weights in QUAL and SEIQ, widest gap first
Holding	Gap	QUAL	SEIQ
Meta Platforms Class AMETA	QUAL +3.44 points	4.07%	0.63%
Idexx LaboratoriesIDXX	SEIQ +2.28 points	0.35%	2.63%
ResmedRMD	SEIQ +2.15 points	0.12%	2.27%
AutodeskADSK	SEIQ +2.07 points	0.40%	2.47%
Lam ResearchLRCX	QUAL +1.98 points	2.40%	0.42%
Moodys CorpMCO	SEIQ +1.80 points	0.33%	2.13%
Procter & GamblePG	SEIQ +1.63 points	0.94%	2.57%
Johnson & JohnsonJNJ	SEIQ +1.58 points	2.24%	3.82%
KlaKLAC	QUAL +1.55 points	1.88%	0.33%
TjxTJX	QUAL +1.42 points	3.44%	2.02%
Illinois Tool IncITW	SEIQ +1.38 points	0.76%	2.14%
F5FFIV	SEIQ +1.26 points	0.11%	1.37%
Adobe IncADBE	SEIQ +1.23 points	0.94%	2.17%
Ulta Beauty IncULTA	SEIQ +1.18 points	0.62%	1.80%
Vertex PharmaceuticalsVRTX	SEIQ +0.91 points	0.48%	1.39%
Alphabet Class CGOOG	SEIQ +0.83 points	1.31%	2.14%
Edwards LifesciencesEW	SEIQ +0.77 points	0.18%	0.95%
MicrosoftMSFT	QUAL +0.72 points	8.23%	7.51%
NVIDIANVDA	SEIQ +0.65 points	5.48%	6.13%
FortinetFTNT	QUAL +0.55 points	0.85%	0.30%
CintasCTAS	QUAL +0.46 points	0.70%	0.24%
AppleAAPL	SEIQ +0.45 points	7.41%	7.86%
Mastercard Class AMA	QUAL +0.41 points	2.62%	2.21%
Cadence Design SystemsCDNS	QUAL +0.36 points	0.54%	0.18%
Visa Class AV	QUAL +0.30 points	3.68%	3.38%
Motorola Solutions IncMSI	QUAL +0.23 points	0.48%	0.25%
NvrNVR	SEIQ +0.22 points	0.36%	0.58%
FastenalFAST	QUAL +0.17 points	0.57%	0.40%
PaychexPAYX	QUAL +0.17 points	0.30%	0.13%
Monster BeverageMNST	SEIQ +0.13 points	0.17%	0.30%
Coca-ColaKO	QUAL +0.08 points	0.89%	0.81%
Ww Grainger IncGWW	QUAL +0.07 points	0.58%	0.51%
Rollins IncROL	QUAL +0.01 points	0.09%	0.08%

All 118 QUAL holdings⁠All 65 SEIQ 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.

QUAL vs SEIQ Cost

Same expense ratio

$3,137

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

QUAL 0.15%
$3,137
SEIQ 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

QUAL 0.15%
SEIQ 0.15%

Year by year

Year	QUAL	SEIQ
10	$274	$274
20	$1,071	$1,071
30	$3,137	$3,137

Expense ratio

0.15%QUAL
0.15%SEIQ

QUAL0.15%SEIQ0.15%

0.12%0.60%

Middle half of US Quality Index funds
Median 0.39%

QUAL 3rd cheapest of 26 funds

SEIQ 3rd cheapest of 26 funds

QUAL vs SEIQ Dividends

Last 12 months to Nov 9, 2026

Yield (12M): QUAL No data; SEIQ 0.95%
Payout (12M): QUAL No data; SEIQ $0.41
Last payment: QUAL $0.12; SEIQ $0.11
Ex-dividend: QUAL Sep 15, 2026; SEIQ Oct 5, 2026
Paid on: QUAL Sep 18, 2026; SEIQ Oct 6, 2026
Frequency: QUAL Quarterly; SEIQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QUALQuarterly · 32 paymentsAll QUAL payments⁠

SEIQQuarterly · 18 paymentsAll SEIQ payments⁠

QUAL vs SEIQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QUAL 11.8%SEIQ 11.0%, better
Return per unit of riskSharpe ratio, 3 years: QUAL 1.25, betterSEIQ 1.11
Worst fallMax drawdown, 5 years: QUAL −28.2%SEIQ −14.9%since May 2022
Market sensitivityBeta, 5 years: QUAL 0.90SEIQ 0.79; Market = 1

QUAL and SEIQ in the news

All news⁠

New ETFs
Two old strategies got ETF tickers. Jensen's new one lets a rule pick the stocks.
Oct 5, 2026QUAL
New ETFs
Jensen's first passive ETF charges 0.25% for a 10-year profit test
Oct 5, 2026QUAL
Category Review
Cash-flow quality returned 42% while QUAL returned 17%
Updated Sep 22, 2026QUAL

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QUAL vs SEIQ

In short

Stated mandate

Why people hold it