QLV
FlexShares US Quality Low Volatility Index Fund
The FlexShares US Quality Low Volatility Index ETF tracks a multi-factor selected index of U.S. large- and mid-cap equities.
Fund Basics
Fund sponsor | Northern Trust |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Jul 15, 2019 |
Assets (mns) | $156 |
Expense ratio | 22 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
MICROSOFT CORP | 9.1 % |
APPLE INC | 5.1 % |
ELI LILLY & CO | 4.4 % |
MERCK & CO. INC. | 3.4 % |
NVIDIA CORP | 2.8 % |
VISA INC. CLASS A | 2.4 % |
MCDONALD'S CORP | 2.2 % |
PROCTER & GAMBLE CO/THE | 1.9 % |
PEPSICO INC | 1.7 % |
AMGEN INC | 1.6 % |
Constituent Breakdown
Number of holdings | 121 |
Herfindahl-Hirschman Index | 215 |
Wgt avg mkt cap (mns) | $667,456 |
Large cap (>$10bn) | 88.4% |
Mid cap ($2-10bn) | 11.6% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 95.0 % | |
CANADA | 1.4 % | |
ISRAEL | 0.8 % | |
SWITZERLAND | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
8.8% | 21.0% | 7.4% | 11.0% | -- | -- | 11.2% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.77 | 88% |
MSCI EAFE | 0.68 | 65% |
MSCI Emg Mkts | 0.44 | 28% |
Liquidity Measures
Avg. volume (000) | 14 |
Turnover | 0.5% |
Avg. Bid/Ask (% of price) | 0.15% |
ADV of underlying (mns) | $124,230 |
Technical Indicators
Recent close | $58.84 |
30d moving avg. | $54.46 |
Annualized volatility | 14.5% |
Relative strength (RSI) | 71 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 1.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. QLV |
Expenses vs. QLV |
ALTAR Score™ vs. QLV |
---|---|---|---|---|
FDLO | Fidelity Low Volatility Factor ETF | 47.9% | -7 bp | +0.3% |
FLRG | Fidelity U.S. Multifactor ETF | 39.9% | -7 bp | +2.6% |
QDEF | FlexShares Quality Dividend Defensive Index Fund | 39.3% | +15 bp | -0.3% |
FQAL | Fidelity Quality Factor ETF | 38.3% | -7 bp | +0.8% |
QUS | SPDR MSCI USA StrategicFactors ETF | 37.8% | -7 bp | +0.9% |
STXD | Strive 1000 Dividend Growth ETF | 37.6% | +13 bp | +0.3% |
USMV | iShares MSCI USA Min Vol Factor ETF | 37.3% | -7 bp | +0.9% |
DGRW | WisdomTree US Quality Dividend Growth Fund | 36.9% | +6 bp | +1.0% |
IWL | iShares Russell Top 200 ETF | 36.7% | -7 bp | -0.2% |
VOOG | Vanguard S&P 500 Growth ETF | 36.6% | -12 bp | +0.3% |
Risk and Returns: QLV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 4/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QLV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
QLV
5.2%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.2% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. QLV's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places QLV in the 41st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
QLV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
QLV | 22.0 | 15.2 | 37.2 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .