QUAL vs VFLO: Holdings Overlap
QUALiShares MSCI USA Quality Factor ETF
iShares · 121 holdings · $47.8B · as of 2026-04-30
VFLOVictoryShares Free Cash Flow ETF
VictoryShares · 50 holdings · $9.6B · as of 2026-03-31
Holdings snapshots are 30 days apart (QUAL: 2026-04-30, VFLO: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are QUAL and VFLO?
iShares MSCI USA Quality Factor ETF (QUAL, by iShares) holds 121 positions; VictoryShares Free Cash Flow ETF (VFLO, by VictoryShares) holds 50. They have 14 holdings in common, and by portfolio weight the two funds are 8.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 14QUAL holds 121 · VFLO holds 50
- Weight in Shared Holdings
- QUAL 8%·VFLO 29%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in QUAL
107 of 121 positions (91.8% of the fund) are not held by VFLO. Showing the top 30 by weight.
Only in VFLO
36 of 50 positions (70.4% of the fund) are not held by QUAL. Showing the top 30 by weight.
Sector Breakdown
| Sector | QUAL | VFLO |
|---|---|---|
| Information Technology | 34.4% | 30.0% |
| Consumer Discretionary | 9.8% | 17.9% |
| Health Care | 9.0% | 17.6% |
| Energy | 4.0% | 12.8% |
| Financials | 11.6% | 0.0% |
| Other Sectors | 31.0% | 21.2% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| QUAL | +3.6% | +14.1% | +23.7% | +19.0% | +11.5% | +14.4% | 0.84% |
| VFLO | +8.6% | +31.3% | +51.6% | +26.1% | — | — | 1.09% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in QUAL vs VFLO →
Shared Holdings(14)
The top 10 shared positions account for 95% of the overlap, led by SLB, ADBE and MRK.
 SLBSLB Ltd. COM USD0.01 | 1.56% | 2.00% | 1.56% |
|---|---|---|---|
 ADBEAdobe Inc COM | 1.19% | 3.08% | 1.19% |
 MRKMerck & Co., Inc COM | 1.08% | 2.91% | 1.08% |
 ADPAutomatic Data Processing, Inc. COM | 0.88% | 1.73% | 0.88% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 0.83% | 3.27% | 0.83% |
 FANGDiamondback Energy Inc COM | 0.66% | 2.39% | 0.66% |
 NEMNewmont Corporation COM | 0.42% | 2.55% | 0.42% |
 DECKDeckers Outdoor Corp. COM | 0.41% | 1.42% | 0.41% |
 LULULululemon Athletica Inc. COM | 0.38% | 1.13% | 0.38% |
 PAYXPaychex Inc COM | 0.22% | 1.29% | 0.22% |
 NTAPNetApp Inc. COM | 0.17% | 1.78% | 0.17% |
 FFIVF5 Inc | 0.13% | 1.05% | 0.13% |
 VEEVVeeva Systems, Inc., Class A | 0.08% | 1.13% | 0.08% |
 OMCOmnicom Group Inc COM | 0.05% | 3.35% | 0.05% |
Frequently Asked Questions
How much do QUAL and VFLO overlap?
QUAL and VFLO overlap by 8.1% of portfolio weight. They share 14 holdings (QUAL holds 121 positions and VFLO holds 50), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QUAL and VFLO?
The two portfolios are 8.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of QUAL and VFLO?
The largest positions held by both funds are SLB, ADBE, MRK, ADP and ACN. Together the top 10 shared positions account for 95% of the total overlap.
What does QUAL own that VFLO doesn't?
107 positions (91.8% of QUAL) are unique to QUAL, led by NVDA, AAPL and MSFT. In the other direction, 36 positions (70.4% of VFLO) are unique to VFLO.