QLVE
FlexShares Emerging Markets Quality Low Volatility Index Fund
The FlexShares Emerging Markets Quality Low Volatility Index ETF tracks a multi-factor selected index of large- and mid-cap equities from emerging markets.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 16.7 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Inception date | Jul 15, 2019 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 15.2 % |
| SAMSUNG ELECTRONICS CO LTD | 8.1 % |
| INTERNATIONAL HOLDINGS COMPANY PJSC | 3.8 % |
| TENCENT HOLDINGS LTD | 2.3 % |
| SAMSUNG ELECTRONICS-PFD | 1.9 % |
| HYNIX SEMICONDUCTOR INC | 1.7 % |
| HDFC BANK LIMITED | 1.3 % |
| UNITED MICROELECTRONICS CORP | 1.3 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 1.1 % |
| INFOSYS TECHNOLOGIES LTD | 1.1 % |
Constituent Breakdown
| Number of holdings | 166 |
| Herfindahl-Hirschman Index | 326 |
| Wgt avg mkt cap (mns) | $250,539 |
| Large cap (>$10bn) | 69.1% |
| Mid cap ($2-10bn) | 19.1% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 1.1% |
| Emerging mkts. | 96.1% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 25.6 % |
 |
SOUTH KOREA | 17.0 % |
 |
INDIA | 15.7 % |
 |
CHINA | 11.6 % |
 |
UAE | 5.3 % |
 |
MALAYSIA | 4.2 % |
 |
BRAZIL | 4.1 % |
 |
SAUDI ARABIA | 3.3 % |
 |
THAILAND | 2.4 % |
 |
QATAR | 1.5 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.9% | 29.0% | 18.3% | 15.0% | 4.3% | -- | -- | 4.6% |
| Dividend Yield | 0.0% | 3.9% | 3.8% | 3.6% | 3.0% | -- | -- | 2.7% |
| Total Returns | 15.9% | 32.8% | 22.1% | 18.5% | 7.3% | -- | -- | 7.3% | Ann. Volatility | 22.7% | 16.3% | 14.7% | 13.3% | 13.4% | -- | -- | 15.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 48% |
| MSCI EAFE | 0.75 | 48% |
| MSCI Emg Mkts | 0.73 | 79% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $33.60 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.39/0.36 |
| Bollinger Bands (Upper/Lower) | $35.42/$32.49 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QLVE |
Expenses vs. QLVE |
ALTAR Score™ vs. QLVE |
|---|---|---|---|---|
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 40.8% | -25 bp | +2.1% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 40.0% | -29 bp | +1.8% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 39.8% | -21 bp | +1.1% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 39.7% | -16 bp | -1.0% |
| FDEM | Fidelity Emerging Markets Multifactor ETF | 39.6% | -15 bp | +5.0% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 39.3% | -4 bp | +1.6% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 39.2% | -10 bp | +2.0% |
| EEM | iShares MSCI Emerging Markets ETF | 39.1% | +29 bp | +1.9% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 39.0% | +5 bp | +2.0% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 39.0% | +26 bp | +1.3% |
Risk and Returns: QLVE 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 6/25/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
6.6%
ALTAR SCORE™
35th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 212 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.4% and a standard deviation
of 2.3%. QLVE's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places QLVE in the 35th percentile
among funds in the category.
Sell-Side Consensus
$37.52
PRICE TARGET
+12.1%
UPSIDE