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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
143.3 M
ASSETS UNDER MGMT
22 bp
EXPENSES
Fund Basics
| Fund sponsor | Northern Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 15, 2019 |
| Assets (mns) | $143 |
| 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 | 6.6 % |
| NVIDIA CORP | 6.1 % |
| APPLE INC | 5.3 % |
| JOHNSON & JOHNSON | 3.9 % |
| PROCTER & GAMBLE CO/THE | 2.6 % |
| VISA INC. CLASS A | 2.3 % |
| EXXON MOBIL CORP | 2.0 % |
| BERKSHIRE HATHAWAY INC-CL B | 2.0 % |
| ELI LILLY & CO | 1.9 % |
| COSTCO WHOLESALE CORP | 1.8 % |
Constituent Breakdown
| Number of holdings | 112 |
| Herfindahl-Hirschman Index | 252 |
| Wgt avg mkt cap (mns) | $1,135,549 |
| Large cap (>$10bn) | 91.4% |
| Mid cap ($2-10bn) | 11.2% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 103.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.0 % |
 |
CANADA | 2.0 % |
 |
ISRAEL | 0.7 % |
 |
SWITZERLAND | 0.7 % |
 |
IRELAND | 0.6 % |
 |
BERMUDA | 0.6 % |
 |
NETHERLANDS | 0.5 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.4% | 10.4% | 13.2% | 12.8% | 9.6% | -- | -- | 9.6% |
| Dividend Yield | 1.9% | 1.9% | 1.9% | 1.9% | 1.7% | -- | -- | 1.7% |
| Total Returns | 12.3% | 12.3% | 15.1% | 14.7% | 11.3% | -- | -- | 11.3% | Ann. Volatility | 13.1% | 13.1% | 11.2% | 10.9% | 12.9% | -- | -- | 17.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.60 | 80% |
| MSCI EAFE | 0.65 | 67% |
| MSCI Emg Mkts | 0.51 | 47% |
Liquidity Measures
| Avg. volume (000) | 18 |
| ADV traded (mns) | $1 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| 30d moving avg. (EMA) | $72.00 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 0.21/0.20 |
| Bollinger Bands (Upper/Lower) | $72.83/$71.35 |
| Short interest (% of AUM) | 0.1% |
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 | 47.7% | -7 bp | +4.8% |
| DGRW | WisdomTree US Quality Dividend Growth Fund | 46.7% | +6 bp | +4.9% |
| QUS | State Street SPDR MSCI USA StrategicFactors ETF | 44.2% | -7 bp | +5.0% |
| OEI | Optimized Equity Income ETF | 44.2% | +53 bp | +3.2% |
| AIEQ | AI Powered Equity ETF | 42.8% | +53 bp | +4.0% |
| STOX | Horizon Core Equity ETF | 42.6% | +48 bp | +3.6% |
| SFTY | Horizon Managed Risk ETF | 42.6% | +55 bp | +3.5% |
| XLG | Invesco S&P 500 Top 50 ETF | 42.6% | -2 bp | +3.5% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 42.5% | +7 bp | +3.9% |
| QDEF | FlexShares Quality Dividend Defensive Index Fund | 42.5% | +15 bp | +5.3% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 1/4/2026
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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
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 Rating
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.
ALTAR Score™
QLV
5.1%
Cat. Avg
5.0%
ALTAR Score™ Calculation
Category Overview
There are 1029 funds in the US Equity category, with an average ALTAR Score™
of 5.0% and a standard deviation of
2.3%. QLV's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places QLV in the 52nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QLVSELL
U/W
HOLD
O/W
BUY