ETHO vs. QLV ETF Comparison

Comparison of Etho Climate Leadership U.S. ETF (ETHO) to FlexShares US Quality Low Volatility Index Fund (QLV)

ETHO

Etho Climate Leadership U.S. ETF

ETHO Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Etho Climate Leadership Index - US (the "index"). The index tracks the performance of the equity securities of a diversified set of U.S. companies that are leaders in their industry with respect to their carbon impact. "Carbon impact" is calculated based on the total greenhouse gas ("GHG") emissions from a company&#39;s operations, fuel use, supply chain, and business activities, divided by the company&#39;s market capitalization. The fund will invest at least 80% of its total assets in the component securities of the index.

Grade (RS Rating)

Last Trade

$59.01

Average Daily Volume

4,857

Number of Holdings ^*

286

* 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

$66.20

Average Daily Volume

3,360

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	ETHO	QLV
30 Days	-0.71%	1.15%
60 Days	4.83%	5.13%
90 Days	4.97%	6.01%
12 Months	19.82%	31.17%

20 Overlapping Holdings

Symbol	Grade	Weight in ETHO	Weight in QLV	Overlap
AAPL	C	0.45%	5.16%	0.45%
ADI	C	0.4%	0.17%	0.17%
AMGN	D	0.38%	0.79%	0.38%
ATR	A	0.38%	0.81%	0.38%
BMI	A	0.45%	0.27%	0.27%
BMRN	F	0.27%	0.39%	0.27%
EA	D	0.37%	0.2%	0.2%
JKHY	A	0.34%	0.54%	0.34%
MRK	F	0.29%	2.65%	0.29%
MSFT	C	0.34%	8.0%	0.34%
NBIX	F	0.28%	0.41%	0.28%
NVDA	C	0.46%	4.72%	0.46%
SIGI	D	0.28%	0.51%	0.28%
TMUS	A	0.43%	0.98%	0.43%
TXN	C	0.41%	0.89%	0.41%
V	C	0.33%	2.0%	0.33%
VRSK	D	0.38%	0.37%	0.37%
VZ	A	0.36%	1.74%	0.36%
WRB	B	0.32%	0.51%	0.32%
ZM	B	0.36%	0.59%	0.36%

ETHO Overweight 266 Positions Relative to QLV

Symbol	Grade	Weight
ALNY	B	0.61%
SFM	A	0.57%
NOVA	D	0.57%
TPIC	C	0.53%
AGIO	D	0.53%
UTHR	B	0.53%
VCYT	C	0.52%
PTGX	C	0.52%
FTDR	C	0.51%
HLNE	A	0.5%
TSLA	B	0.5%
SMAR	A	0.49%
PIPR	C	0.48%
MOD	C	0.47%
SASR	C	0.46%
PODD	C	0.46%
GKOS	C	0.46%
LITE	C	0.46%
MPWR	C	0.46%
GDDY	D	0.45%
IDCC	A	0.45%
COLB	C	0.45%
PLNT	C	0.44%
CARG	C	0.44%
MMSI	C	0.44%
EXTR	D	0.44%
ANET	B	0.44%
MATX	B	0.43%
NMIH	C	0.43%
BKU	D	0.43%
BRC	C	0.43%
NYT	B	0.43%
EPRT	C	0.43%
CPRX	C	0.42%
MSEX	C	0.42%
LII	C	0.42%
CNS	C	0.42%
PFSI	C	0.42%
CAC	C	0.41%
LQDT	C	0.41%
RMD	C	0.41%
HASI	C	0.41%
AAT	C	0.41%
AAON	B	0.41%
OLED	C	0.41%
CWT	D	0.41%
RARE	C	0.4%
NFLX	C	0.4%
DEA	D	0.4%
EBC	D	0.4%
BRO	A	0.4%
INGR	A	0.4%
BKNG	C	0.4%
AWK	C	0.4%
AXP	A	0.4%
TER	D	0.4%
BERY	C	0.39%
DT	C	0.39%
BURL	D	0.39%
AWR	B	0.39%
SSNC	C	0.39%
SHOO	A	0.39%
ZTS	B	0.39%
NTAP	D	0.39%
FFIV	C	0.39%
BOX	C	0.39%
NOW	C	0.39%
TJX	C	0.39%
MTH	B	0.39%
PYPL	B	0.39%
TPH	B	0.39%
HNI	B	0.39%
FFBC	D	0.38%
VRTX	D	0.38%
FIBK	D	0.38%
AJG	D	0.38%
KLAC	D	0.38%
INFN	C	0.38%
CBSH	D	0.38%
URI	B	0.38%
BCPC	C	0.38%
LZB	C	0.38%
BOKF	D	0.38%
SCSC	D	0.37%
THS	C	0.37%
ITGR	C	0.37%
CMA	C	0.37%
ESI	B	0.37%
PAYX	A	0.37%
LEVI	B	0.37%
LFUS	C	0.37%
EXEL	C	0.37%
HWC	D	0.37%
CAKE	B	0.37%
KMB	B	0.37%
PFGC	B	0.36%
PFE	D	0.36%
HBAN	C	0.36%
KEY	C	0.36%
AUB	D	0.36%
TGNA	B	0.36%
KRO	C	0.36%
YETI	D	0.36%
TWLO	C	0.36%
OMC	A	0.36%
VOYA	A	0.36%
DFS	C	0.36%
CSCO	A	0.36%
AGNC	C	0.36%
BUSE	D	0.36%
LAD	B	0.36%
IT	C	0.36%
ESNT	C	0.36%
DECK	C	0.35%
COLM	B	0.35%
WTFC	C	0.35%
GWW	A	0.35%
ADBE	F	0.35%
MA	A	0.35%
MSCI	B	0.35%
TTWO	F	0.35%
ROST	C	0.35%
CTS	D	0.35%
BZH	B	0.35%
DOCU	B	0.35%
GIII	C	0.35%
PPBI	D	0.35%
ATEN	C	0.35%
ABG	D	0.35%
PRI	A	0.35%
XYL	B	0.35%
DBX	C	0.35%
FC	C	0.35%
ADSK	C	0.35%
RL	B	0.35%
KR	B	0.34%
RUSHA	C	0.34%
CMG	C	0.34%
AMAT	D	0.34%
ASB	F	0.34%
BOH	F	0.34%
CHD	B	0.34%
XHR	C	0.34%
CROX	C	0.34%
REXR	D	0.34%
QCOM	D	0.34%
VRSN	C	0.34%
GEF	C	0.34%
FHN	D	0.34%
NOVT	D	0.34%
AOS	B	0.34%
SCS	D	0.34%
PTC	D	0.33%
PLD	D	0.33%
NTNX	D	0.33%
IPG	C	0.33%
CARS	F	0.33%
LCII	B	0.33%
WTS	B	0.33%
IRBT	F	0.33%
NTCT	C	0.33%
FELE	B	0.33%
ITW	B	0.33%
JBT	B	0.32%
CSGS	C	0.32%
HAE	D	0.32%
ANSS	D	0.32%
VVV	D	0.32%
IONS	F	0.32%
EPC	F	0.32%
RHP	C	0.32%
FND	B	0.32%
IDXX	D	0.32%
CGNX	F	0.32%
ENPH	D	0.32%
PSTG	F	0.32%
SHO	D	0.32%
BE	F	0.32%
INTU	F	0.32%
NDSN	B	0.32%
EXAS	C	0.32%
SYY	B	0.32%
TRMB	B	0.32%
AMKR	F	0.32%
PINC	F	0.31%
DAY	C	0.31%
VEEV	C	0.31%
AMD	D	0.31%
THR	F	0.31%
WBS	D	0.31%
MSA	D	0.31%
PARA	F	0.31%
OMF	D	0.31%
CRM	C	0.31%
DDOG	D	0.31%
APLE	D	0.31%
OZK	F	0.31%
ATRC	D	0.31%
ROG	D	0.31%
ROK	D	0.31%
LPLA	D	0.3%
ELAN	D	0.3%
AMTB	F	0.3%
CDNS	D	0.3%
CDW	D	0.3%
POWI	F	0.3%
ZS	F	0.3%
REZI	F	0.3%
WDAY	D	0.3%
KELYA	D	0.29%
PAYC	D	0.29%
RHI	D	0.29%
LRCX	F	0.29%
HUBS	D	0.29%
GNTX	F	0.29%
PEN	D	0.29%
CASS	D	0.29%
ALLY	F	0.29%
SITE	D	0.29%
SCL	D	0.29%
MXL	F	0.28%
ENTG	D	0.28%
BL	D	0.28%
IPGP	D	0.28%
MKSI	F	0.28%
ETSY	F	0.28%
THRM	F	0.28%
W	D	0.28%
USNA	F	0.27%
CRI	D	0.27%
RGEN	F	0.27%
COTY	F	0.27%
HVT	F	0.27%
BRKR	D	0.26%
GPN	F	0.26%
LEA	F	0.26%
COHU	F	0.26%
HPP	F	0.25%
ALG	D	0.25%
DENN	D	0.25%
TTGT	F	0.25%
CYTK	F	0.25%
MDB	D	0.25%
EW	F	0.24%
OKTA	F	0.24%
VAC	D	0.24%
EPAM	F	0.24%
AMN	F	0.23%
TREX	D	0.23%
RMBS	F	0.23%
LSCC	D	0.23%
ARWR	F	0.23%
MOV	F	0.23%
EL	D	0.22%
ALLO	F	0.22%
PLUG	F	0.22%
MRNA	F	0.21%
MYRG	F	0.2%
HELE	D	0.18%
PCRX	F	0.17%
EB	F	0.17%
EDIT	F	0.16%
DXCM	F	0.16%
ATKR	F	0.15%
NVRO	F	0.12%
CHGG	F	0.08%

ETHO Underweight 94 Positions Relative to QLV

Symbol	Grade	Weight
PG	C	-3.31%
LLY	D	-2.8%
AMZN	C	-2.28%
MCD	A	-2.02%
IBM	C	-1.9%
JNJ	C	-1.8%
PEP	D	-1.58%
T	A	-1.43%
META	A	-1.26%
LMT	A	-1.15%
ABBV	A	-1.1%
XOM	B	-1.08%
GILD	A	-1.01%
ABT	C	-0.91%
DUK	B	-0.91%
CME	A	-0.9%
PSA	C	-0.9%
ADP	A	-0.85%
ED	A	-0.84%
GIS	B	-0.83%
GOOGL	C	-0.82%
WEC	A	-0.82%
WTW	A	-0.81%
RGLD	C	-0.81%
CHE	B	-0.8%
CHKP	C	-0.8%
DOX	B	-0.78%
AIZ	A	-0.78%
TYL	C	-0.77%
K	B	-0.77%
QLYS	F	-0.76%
LSTR	D	-0.74%
WDFC	C	-0.74%
CB	A	-0.73%
QGEN	D	-0.72%
STNG	D	-0.72%
SMMT	D	-0.72%
AVY	B	-0.71%
SO	A	-0.7%
REGN	D	-0.63%
GD	A	-0.63%
WM	D	-0.63%
NOC	B	-0.63%
EQIX	B	-0.61%
TRV	C	-0.61%
DLR	C	-0.6%
ALL	C	-0.6%
CTVA	B	-0.59%
BRK.A	C	-0.58%
AZO	D	-0.58%
XEL	A	-0.58%
GOOG	C	-0.57%
RSG	D	-0.56%
PKG	A	-0.56%
AEP	B	-0.56%
WCN	D	-0.56%
AEE	A	-0.55%
CMS	A	-0.55%
CINF	A	-0.54%
SON	D	-0.53%
TTEK	B	-0.53%
DTM	A	-0.52%
TSCO	A	-0.52%
BAH	A	-0.52%
ADC	B	-0.51%
PNW	A	-0.51%
HSY	D	-0.5%
FLO	C	-0.5%
SCI	C	-0.5%
MKL	B	-0.5%
CALM	A	-0.5%
CTRA	D	-0.49%
HII	D	-0.49%
CHRW	A	-0.48%
HRL	F	-0.42%
AVGO	C	-0.42%
NFG	A	-0.36%
CRUS	D	-0.32%
SLGN	A	-0.32%
DDS	D	-0.28%
MCK	F	-0.27%
SQSP	A	-0.24%
LIN	B	-0.2%
PM	B	-0.2%
JPM	D	-0.19%
ALKS	C	-0.18%
CAG	B	-0.16%
ROP	C	-0.13%
NCNO	D	-0.1%
L	D	-0.1%
CWAN	C	-0.08%
UNH	B	-0.07%
MMC	D	-0.05%
EXPD	B	-0.03%