IQSU vs TILT
NYLIM Candriam US Large Cap Equity ETF vs Northern Trust Morningstar US Market Factor Tilt ETF
Which is better, IQSU or TILT?
Nearly the same fund. IQSU costs less.
IQSU has a lower expense ratio. IQSU led over 1Y, 5Y and the full window, TILT over 3Y. The two have moved almost in lockstep, correlation 0.95. TILT is less concentrated, with 27.1% of the fund in its ten largest positions against 43.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IQSU | TILT |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.25% |
| AUM | $354M | $2.2B |
| Dividend Yield | 0.91% | 1.08% |
| Holdings | 264 | 1,929 |
| YTD Return | +15.73%Best | +11.74% |
| 1Y Return | +20.02%Best | +15.61% |
| 3Y Return (annualized) | +19.22% | +20.41%Best |
| 5Y Return (annualized) | +11.67%Best | +11.12% |
| Volatility (annualized) | 17.7%Best | 18.3% |
| Max Drawdown | -31.3%Best | -38.5% |
| $10,000 over 5 years | $17,365Best | $16,942 |
| Top 10 Weight | 43.3% | 27.1%Best |
| Fund Family | New York Life Investments | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 17, 2019 | Sep 16, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Dec 17, 2019 to Oct 14, 2026 (6.8 years).
IQSU vs TILT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.8 years both funds cover.
IQSU vs TILT Performance
NYLIM Candriam US Large Cap Equity ETF (IQSU) is an ETF from New York Life Investments and Northern Trust Morningstar US Market Factor Tilt ETF (TILT) is an ETF from Northern Trust Asset Management. Over the past year IQSU returned +20.02% while TILT returned +15.61%. Year to date, IQSU is up 15.73% versus a gain of 11.74% for TILT.
Over three years, IQSU compounded at +19.22% per year against +20.41% for TILT; over five years the annualized figures are +11.67% and +11.12% respectively. Across the full 7-year window we track, IQSU has the edge at +15.49% annualized vs +13.68%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TILT has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 17.7% for IQSU. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.3% for IQSU and -38.5% for TILT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IQSU charges 0.09% per year while TILT charges 0.25%. On a $10,000 position that is $9 vs $25 annually, a gap of $16 per year that compounds over a long holding period. On income, IQSU currently yields 0.91% against 1.08% for TILT.
Holdings Overlap
98.7% of IQSU's money is in holdings TILT also owns. 42.7% of TILT's money is in holdings IQSU also owns.
Most of IQSU is already inside TILT. Owning both mostly buys the same companies twice.
259 positions in common, counted across the 269 positions we hold weights for in IQSU and 1,904 in TILT, against full books of 264 and 1,929.
What only one of them owns
Our book lists 1,274 positions for TILT that do not appear in our book for IQSU (55.9% of the fund), and 5 for IQSU that do not appear in TILT (0.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IQSU | Weight in TILT | Difference |
|---|---|---|---|
| AAPLApple, Inc | 10.22% | 4.98% | 5.24% |
| MSFTMicrosoft Corp | 5.46% | 3.93% | 1.53% |
| AMZNAmazon.Com Inc | 4.78% | 2.53% | 2.25% |
| GOOGLAlphabet Inc | 5.24% | 2.04% | 3.20% |
| GOOGAlphabet Inc. C | 4.53% | 1.64% | 2.89% |
| MUMicron Technology, Inc. | 3.33% | 1.58% | 1.75% |
| TSLATesla Inc | 3.40% | 1.03% | 2.37% |
| AMDAdvanced Micro Devices Inc | 3.06% | 1.03% | 2.03% |
| VVisa Inc Class A | 1.70% | 0.63% | 1.07% |
| INTCIntel Corporation | 1.53% | 0.57% | 0.96% |
98.7% of IQSU is already inside TILT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IQSU or TILT?
IQSU has an expense ratio of 0.09% while TILT charges 0.25%. IQSU is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, IQSU or TILT?
Over the past year IQSU returned +20.02% vs +15.61% for TILT, so IQSU leads on 1-year performance. Over the longest common window we track (7 years), IQSU annualized +15.49% vs +13.68% for TILT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IQSU or TILT?
TILT has been the more volatile fund at 18.3% annualized versus 17.7% for IQSU. Worst drawdown: IQSU -31.3% vs TILT -38.5%.
Should I hold both IQSU and TILT?
IQSU and TILT have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IQSU and TILT?
98.7% of IQSU's money is in holdings TILT also owns. 42.7% of TILT's is in holdings IQSU also owns. They hold 259 positions in common, counted across the 269 positions we hold weights for in IQSU and 1,904 in TILT.
Which pays a higher dividend, IQSU or TILT?
IQSU yields 0.91% while TILT yields 1.08%, so TILT currently pays the higher dividend yield.
Is TILT better than IQSU?
IQSU has a lower expense ratio. IQSU led over 1Y, 5Y and the full window, TILT over 3Y. The two have moved almost in lockstep, correlation 0.95. TILT is less concentrated, with 27.1% of the fund in its ten largest positions against 43.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.