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ETFs

FlexShares US Quality Low Volatility Index Fund

QLV
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jul 15, 2019
Expense Ratio
0.22%
Type
US Equities
Fund Owner
Flexshares (Northern Trust)
Volume (1m avg. daily)
$432,209
AUM
$189,660,052
Associated Index
Northern Trust Quality Low Volatility Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
7.56%
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Apple Inc
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LLY
Lilly(Eli) & Co
3.47%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
2.85%
MRK
Merck & Co Inc
2.64%
V
Visa Inc - Ordinary Shares - Class A
2.27%
MCD
McDonald`s Corp
2.19%
PG
Procter & Gamble Co.
2.05%
PEP
PepsiCo Inc
2.02%
AMGN
AMGEN Inc.
1.73%
Invest with QLV
Trade QLV Options

What is QLV?

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Low Volatility Index (the "Underlying Index"). The Northern Trust US Quality Low Volatility Index (Underlying Index) is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to the Northern Trust 1250 Index, a float-adjusted market capitalization weighted index of U.S. domiciled large- and mid-capitalization companies. In addition, the Underlying Index looks to select companies from the Parent Index that exhibit financial strength and stability (i.e., quality) characteristics. The Underlying Index seeks to enhance risk-return characteristics and have lower volatility to the broader U.S. equity market.

1M
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6M
YTD
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Max
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QLV
Performance Measures**

for the time period Jul 16, 2019 to Dec 4, 2025

Returns

1M Trailing Return: 2.0%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 2.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -33.7%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 17.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.72

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.34

The annualized return divided by the max drawdown for the selected time period.

ETFs related toQLV

ETFs correlated to QLV include FDLO, USMV, OUSA

QLV
FlexShares Trust - FlexShares US Quality Low Volatility Index Fund
FDLO
Fidelity Covington Trust - Fidelity Low Volatility Factor ETF
USMV
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Min Vol Factor ETF
OUSA
OSI ETF Trust - ALPS O'Shares U.S. Quality Dividend ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
DGRW
WisdomTree Trust - WisdomTree U.S. Quality Dividend Growth Fund
TDVG
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Dividend Growth ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
LGLV
SPDR Series Trust - SPDR SSGA US Large Cap Low Volatility Index ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

QLV is a US Equities ETF. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Low Volatility Index (the "Underlying Index"). The Northern Trust US Quality Low Volatility Index (Underlying Index) is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to the Northern Trust 1250 Index, a float-adjusted market capitalization weighted index of U.S. domiciled large- and mid-capitalization companies. In addition, the Underlying Index looks to select companies from the Parent Index that exhibit financial strength and stability (i.e., quality) characteristics. The Underlying Index seeks to enhance risk-return characteristics and have lower volatility to the broader U.S. equity market.

QLV tracks the Northern Trust Quality Low Volatility Index.

No, QLV is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QLV is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QLV is -0.0077%. This is the percent change in the value of QLV over the most recent 1-month period. The 3-month return on QLV is 0.0028%. This is the percent change in the value of QLV over the most recent 3-month period.

The standard deviation of QLV for the past year is 0.1363%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QLV include SPHQ, SPHB, and DSI.

ETFs correlated to QLV include FDLO, USMV, and OUSA.

ETFs that are inversely correlated to QLV include SDS, SPXS, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.