QLVD
FlexShares Developed Markets ex-US Quality Low Volatility Index Fund

Price: $27.77
Change: $0.14 (0.01%)
Last Updated:

Vitals

Brand FlexShares
Structure ETF
Expense Ratio 0.32%
ETF Home Page Home page
Inception Jul 15, 2019

Analyst Report

FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) is part of Northern Trust’s stable of factor ETFs. QLVD tracks a proprietary index of companies from developed markets outside the U.S., aiming for a portfolio

bias toward quality and reduced volatility. The index methodology first assesses financial strength and stability based on quality metrics like profitability, management efficiency and cash flow. The lowest-scoring companies are excluded. Top holdings include Roche, Nestle and GlaxoSmithKline.


As with many FlexShares ETFs, investors pay a premium for a factor twist, though it’s not unreasonably priced for a multi-factor fund. Investors can compare it to some of the other international factor ETFs, such as the WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL), the Goldman Sachs ActiveBeta International Equity ETF (GSIE), the Hartford Multifactor Developed Markets ex-U.S. ETF (RODM) or the JPMorgan Diversified Return International Equity ETF (JPIN). Lastly, investors might want to compare returns with a plain-vanilla ex-U.S. fund that charges a fraction of QLVD’s management fee, like the Vanguard FTSE All-World ex-U.S. ETF (VEU).

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

  • Segment Equity: Developed Markets Ex-U.S. - Total Market
  • Category Size and Style
  • Focus Total Market
  • Niche Broad-based
  • Strategy Multi-factor
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $22.95
  • 52 Week Hi $30.35
  • AUM $77.3 M
  • Shares 2.8 M

Historical Trading Data

  • 1 Month Avg. Volume 11,091
  • 3 Month Avg. Volume 5,768

Alternative ETFs in the ETF Database Volatility Hedged Equity Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest LGLV 0.12% $633.1 M 28,421 18.89%
Largest (AUM) SPLV 0.25% $7.8 B 3 M 13.47%
Most Liquid (Volume) SPLV 0.25% $7.8 B 3 M 13.47%
Top YTD Performer DIV 0.45% $669.9 M 164,848 24.83%

Alternative ETFs in the FactSet Equity: Developed Markets Ex-U.S. - Total Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPDW 0.04% $12.1 B 1 M 12.11%
Largest (AUM) VEA 0.05% $105.7 B 7 M 12.06%
Most Liquid (Volume) VEA 0.05% $105.7 B 7 M 12.06%
Top YTD Performer FYLD 0.59% $37.1 M 12,659 20.80%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

QLVD ETF Database Category Average FactSet Segment Average
Number of Holdings 184 41 824
% of Assets in Top 10 24.54% 76.98% 14.81%
% of Assets in Top 15 29.93% 79.51% 19.66%
% of Assets in Top 50 59.21% 90.38% 43.22%

Size Comparison

QLVD ETF Database Category Average FactSet Segment Average
Large (>12.9B) 74.81% 18.42% 67.14%
Mid (>2.7B) 25.19% 6.33% 28.54%
Small (>600M) 0.00% 2.90% 3.94%
Micro (<600M) 0.00% 0.26% 0.39%

QLVD Valuation

This section compares the P/E ratio of this ETF to its peers.

QLVD
P/E Ratio
26.58
ETF Database Category Average
P/E Ratio
24.07
FactSet Segment Average
P/E Ratio
17.77

QLVD Dividend

This section compares the dividend yield of this ETF to its peers.

QLVD ETF Database Category Average FactSet Segment Average
Dividend $ 0.15 $ 0.09 $ 0.33
Dividend Date 2021-09-17 N/A N/A
Annual Dividend Rate $ 0.72 $ 0.30 $ 0.90
Annual Dividend Yield 2.59% 0.73% 2.34%

QLVD Price and Volume Chart

QLVD Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: -5.47 M 3 Month Net Flows: -5.47 M 6 Month Net Flows: -11.08 M 1 Year Net Flows: -543.94 K 3 Year Net Flows: 63.05 M 5 Year Net Flows: 63.05 M 10 Year Net Flows: 63.05 M

QLVD Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for QLVD on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Volatility Hedged Equity with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

QLVD Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

QLVD
Expense Ratio
0.32%
ETF Database Category Average
Expense Ratio
0.66%
FactSet Segment Average
Expense Ratio
0.38%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
8.58/10
ESG Score
93.0%
Global Percentile
89.31%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      9.54%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      129.13
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      9.54%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      6.44%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

QLVD Performance

This section shows how this ETF has performed relative to its peers.

QLVD ETF Database
Category Average
Factset Segment
Average
1 Month Return -1.44% 1.92% 0.25%
3 Month Return 0.94% 2.25% 2.93%
YTD Return 6.84% 9.40% 11.36%
1 Year Return 15.99% 15.55% 23.43%
3 Year Return N/A 10.45% 26.19%
5 Year Return N/A 12.18% 30.42%

Geographic Exposure

The following charts reflect the geographic spread of QLVD's underlying holdings.

Region Percentage
Europe 54.18%
Asia Pacific 38.07%
North, Central and South America 7.79%
Country Percentage
Japan 24.71%
Switzerland 13.32%
United Kingdom 9.47%
Canada 7.79%
Hong Kong 6.61%
Denmark 6.2%
France 6.12%
Netherlands 5.34%
Australia 4.62%
Germany 4.48%
Finland 1.94%
Israel 1.79%
Spain 1.43%
Belgium 1.4%
Singapore 1.24%
Sweden 1.21%
Italy 1.12%
Bermuda 0.84%
Portugal 0.33%
New Zealand 0.05%
Norway 0.03%

Holdings Analysis

The following charts reflect the allocation of QLVD's underlying holdings.

Sector Percentage
Finance 22.88%
Health Technology 17.74%
Consumer Non-Durables 10.76%
Retail Trade 8.14%
Communications 7.8%
Utilities 6.2%
Technology Services 5.96%
Process Industries 5.1%
Producer Manufacturing 4.39%
Transportation 2.5%
Consumer Durables 2.09%
Commercial Services 1.9%
Electronic Technology 1.33%
Distribution Services 1.23%
Consumer Services 0.87%
Industrial Services 0.54%
Non-Energy Minerals 0.44%
Energy Minerals 0.11%
Health Services 0.06%
Market Cap Percentage
Large 74.81%
Mid 25.19%
Small 0.0%
Micro 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 94.72%
Preferred Equity 5.32%
Sector Percentage
Finance 22.88%
Health Technology 17.74%
Consumer Non-Durables 10.76%
Retail Trade 8.14%
Communications 7.8%
Utilities 6.2%
Technology Services 5.96%
Process Industries 5.1%
Producer Manufacturing 4.39%
Transportation 2.5%
Consumer Durables 2.09%
Commercial Services 1.9%
Electronic Technology 1.33%
Distribution Services 1.23%
Consumer Services 0.87%
Industrial Services 0.54%
Non-Energy Minerals 0.44%
Energy Minerals 0.11%
Health Services 0.06%

QLVD Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
36.83%
Rank
15 of 86

20 Day Volatility
11.40%
Rank
16 of 86

50 Day Volatility
9.68%
Rank
21 of 86

200 Day Volatility
9.06%
Rank
21 of 85

Beta
0.71
Rank
26 of 85

Standard Deviation
1.29%
Rank
35 of 79

Technicals

  • 20 Day MA $27.52
  • 60 Day MA $28.10
  • MACD 15 Period 0.41
  • MACD 100 Period -0.23
  • Williams % Range 10 Day n/a
  • Williams % Range 20 Day 44.35
  • RSI 10 Day 57
  • RSI 20 Day 49
  • RSI 30 Day 49
  • Ultimate Oscillator 67

Bollinger Bands

  • Lower Bollinger (10 Day) $27.02
  • Upper Bollinger (10 Day) $27.88
  • Lower Bollinger (20 Day) $26.77
  • Upper Bollinger (20 Day) $28.28
  • Lower Bollinger (30 Day) $26.72
  • Upper Bollinger (30 Day) $28.97

Support & Resistance

  • Support Level 1 $27.77
  • Support Level 2 $27.77
  • Resistance Level 1 $27.77
  • Resistance Level 2 $27.77

Stochastic

  • Stochastic Oscillator %D (1 Day) 53.72
  • Stochastic Oscillator %D (5 Day) 89.68
  • Stochastic Oscillator %K (1 Day) 45.83
  • Stochastic Oscillator %K (5 Day) 81.49

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the QLVD ETF home page for more information.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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