ACWV vs. QLV ETF Comparison

Comparison of iShares MSCI All Country World Minimum Volatility Index Fund (ACWV) to FlexShares US Quality Low Volatility Index Fund (QLV)

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.95

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	ACWV	QLV
30 Days	0.32%	0.23%
60 Days	-0.25%	1.42%
90 Days	1.23%	3.24%
12 Months	18.77%	25.29%

59 Overlapping Holdings

Symbol	Grade	Weight in ACWV	Weight in QLV	Overlap
ABBV	D	0.49%	0.96%	0.49%
ABT	B	0.1%	0.93%	0.1%
AEE	A	0.11%	0.58%	0.11%
AEP	D	0.07%	0.54%	0.07%
AIZ	A	0.13%	0.86%	0.13%
AMGN	D	0.34%	0.71%	0.34%
AZO	C	0.77%	0.55%	0.55%
BAH	F	0.37%	0.47%	0.37%
BMRN	D	0.19%	0.35%	0.19%
BRK.A	B	0.91%	0.59%	0.59%
CAG	D	0.05%	0.13%	0.05%
CB	C	0.88%	0.71%	0.71%
CHRW	C	0.06%	0.49%	0.06%
CME	A	0.23%	0.94%	0.23%
CMS	C	0.16%	0.54%	0.16%
COR	B	1.05%	0.2%	0.2%
CTVA	C	0.12%	0.59%	0.12%
DUK	C	0.81%	0.9%	0.81%
EA	A	0.63%	0.23%	0.23%
ED	D	0.84%	0.79%	0.79%
GD	F	0.18%	0.58%	0.18%
GILD	C	0.48%	1.07%	0.48%
GIS	D	0.61%	0.72%	0.61%
HRL	D	0.23%	0.4%	0.23%
HSY	F	0.44%	0.45%	0.44%
IBM	C	0.73%	1.82%	0.73%
JKHY	D	0.2%	0.53%	0.2%
JNJ	D	1.05%	1.71%	1.05%
K	A	0.57%	0.77%	0.57%
L	A	0.4%	0.11%	0.11%
LLY	F	0.52%	2.31%	0.52%
LMT	D	0.23%	1.06%	0.23%
MCD	D	1.02%	1.93%	1.02%
MCK	B	1.42%	0.35%	0.35%
MKL	A	0.43%	0.54%	0.43%
MMC	B	0.88%	0.05%	0.05%
MRK	F	1.06%	2.28%	1.06%
MSFT	F	0.76%	7.68%	0.76%
NBIX	C	0.31%	0.43%	0.31%
NOC	D	0.77%	0.59%	0.59%
PEP	F	1.08%	1.47%	1.08%
PG	A	0.82%	3.25%	0.82%
REGN	F	0.61%	0.45%	0.45%
ROP	B	1.36%	0.13%	0.13%
RSG	A	1.19%	0.59%	0.59%
SO	D	0.8%	0.69%	0.69%
T	A	0.26%	1.51%	0.26%
TMUS	B	2.03%	1.13%	1.13%
TRV	B	0.32%	0.67%	0.32%
UNH	C	0.83%	0.07%	0.07%
V	A	0.59%	2.26%	0.59%
VZ	C	0.76%	1.64%	0.76%
WCN	A	0.39%	0.58%	0.39%
WEC	A	0.68%	0.86%	0.68%
WM	A	1.5%	0.67%	0.67%
WRB	A	0.41%	0.55%	0.41%
WTW	B	0.1%	0.85%	0.1%
XEL	A	0.11%	0.64%	0.11%
XOM	B	0.1%	1.15%	0.1%

ACWV Overweight 80 Positions Relative to QLV

Symbol	Grade	Weight
MSI	B	1.88%
WMT	A	1.82%
CSCO	B	1.57%
VRTX	F	1.13%
PGR	A	0.84%
KR	B	0.83%
GDDY	A	0.64%
ORLY	B	0.62%
ACGL	D	0.57%
CBOE	B	0.54%
APH	A	0.54%
ORCL	B	0.54%
FI	A	0.48%
CHD	B	0.46%
ELV	F	0.42%
KEYS	A	0.41%
UTHR	C	0.4%
INCY	C	0.38%
CHT	D	0.37%
TJX	A	0.37%
KDP	D	0.36%
FFIV	B	0.36%
CL	D	0.35%
VRSN	F	0.35%
AON	A	0.35%
KHC	F	0.33%
AJG	B	0.33%
TSN	B	0.32%
JNPR	F	0.32%
HUM	C	0.31%
BRO	B	0.3%
GEN	B	0.3%
KMB	D	0.3%
AKAM	D	0.27%
SJM	D	0.27%
ACN	C	0.26%
ERIE	D	0.26%
MDLZ	F	0.25%
BMY	B	0.25%
CF	B	0.25%
CI	F	0.24%
YUM	B	0.24%
FCNCA	A	0.23%
FWONK	B	0.22%
PTC	A	0.22%
BDX	F	0.22%
CPB	D	0.22%
CTSH	B	0.21%
ROL	B	0.21%
MFG	B	0.21%
MA	C	0.19%
DPZ	C	0.19%
CAH	B	0.18%
LNG	B	0.16%
ULTA	F	0.16%
MPC	D	0.15%
DGX	A	0.15%
WIT	A	0.12%
MOH	F	0.12%
FICO	B	0.12%
MNST	C	0.12%
AZPN	A	0.11%
TDY	B	0.11%
EG	C	0.1%
WDAY	B	0.1%
PCG	A	0.1%
TPL	A	0.1%
NEM	D	0.09%
TRGP	B	0.08%
IT	C	0.07%
KNX	B	0.06%
ANET	C	0.06%
DINO	D	0.06%
FANG	D	0.06%
GPC	D	0.05%
HOLX	D	0.05%
ACI	C	0.05%
KO	D	0.05%
HSIC	B	0.05%
HKD	F	0.0%

ACWV Underweight 55 Positions Relative to QLV

Symbol	Grade	Weight
NVDA	C	-5.54%
AAPL	C	-5.17%
AMZN	C	-2.41%
META	D	-1.25%
ADP	B	-0.92%
QLYS	C	-0.88%
GOOGL	C	-0.88%
ATR	B	-0.86%
TXN	C	-0.84%
PSA	D	-0.84%
RGLD	C	-0.83%
TYL	B	-0.8%
WDFC	B	-0.8%
DOX	D	-0.74%
CHE	D	-0.73%
CHKP	D	-0.72%
LSTR	D	-0.71%
DLR	B	-0.68%
QGEN	D	-0.67%
DTM	B	-0.67%
ZM	B	-0.67%
CALM	A	-0.65%
EQIX	A	-0.64%
ALL	A	-0.63%
AVY	D	-0.63%
PKG	A	-0.63%
GOOG	C	-0.62%
CINF	A	-0.6%
SMMT	D	-0.59%
CTRA	B	-0.57%
STNG	F	-0.55%
SCI	B	-0.54%
ADC	B	-0.53%
PNW	B	-0.53%
SIGI	C	-0.53%
TSCO	D	-0.49%
SON	D	-0.48%
FLO	D	-0.47%
TTEK	F	-0.46%
VRSK	A	-0.39%
NFG	A	-0.38%
AVGO	D	-0.38%
HII	D	-0.36%
SLGN	A	-0.34%
DDS	B	-0.29%
BMI	B	-0.27%
CRUS	D	-0.26%
JPM	A	-0.21%
PM	B	-0.21%
LIN	D	-0.19%
ALKS	B	-0.19%
ADI	D	-0.15%
NCNO	B	-0.13%
CWAN	B	-0.09%
EXPD	D	-0.03%