Underlying Index Performance: QUED.F's price heavily relies on the performance of the MSCI USA Quality SR Index, its underlying index. Positive index returns typically lead to higher ETF prices.

Supply and Demand: Market demand for QUED.F shares influences its price. Increased demand can drive prices up, while selling pressure can push them down.

Expense Ratio: The ETF's expense ratio, the annual cost of managing the fund, indirectly impacts returns. Higher fees can erode potential profits, affecting long-term price appreciation.

Interest Rates: Changes in interest rates can affect investor sentiment towards equities and, consequently, demand for quality-focused ETFs like QUED.F.

Economic Conditions: Broad economic factors, like GDP growth and inflation, can impact the performance of companies within the index and, therefore, QUED.F's price.

Currency Fluctuations: As an ETF traded in Frankfurt, currency exchange rates between EUR and USD may affect the relative price for international investors.