X-ray magnetic circular dichroism spectra have previously been obtained by switching the polarization helicity with a diamond quarter-wave plate (QWP) and keeping the applied magnetic ®eld on the sample as an independent variable [Giles, Malgrange, Goulon, de Bergevin, Vettier, Fontaine, . Nucl. Instrum. Methods, A349, 622±625]. These results were obtained by subtracting an undesirable non-magnetic residual spectrum. Experiments reported here show that this residual spectrum mainly originates from a slight lateral displacement of the forwarddiffracted beam in the QWP. A quantitative analysis of the phenomenon is in good agreement with predictions from X-ray dynamical theory.