GVIP vs. QLVE ETF Comparison

Comparison of Goldman Sachs Hedge Industry VIP ETF (GVIP) to FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE)

GVIP

Goldman Sachs Hedge Industry VIP ETF

GVIP Description

The Goldman Sachs Hedge Industry VIP ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs Hedge Fund VIP Index.

Grade (RS Rating)

Last Trade

$120.76

Average Daily Volume

5,625

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QLVE

FlexShares Emerging Markets Quality Low Volatility Index Fund

QLVE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Emerging Markets 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 emerging market countries. Under normal circumstances, 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

$27.15

Average Daily Volume

1,129

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GVIP	QLVE
30 Days	6.76%	5.47%
60 Days	17.81%	11.43%
90 Days	7.59%	7.56%
12 Months	43.78%	26.36%

1 Overlapping Holdings

	Symbol	Grade	Weight in GVIP	Weight in QLVE	Overlap
	BABA	A	2.71%	2.69%	2.69%

GVIP Overweight 48 Positions Relative to QLVE

Symbol	Grade	Weight
GEV	A	2.56%
LBRDK	C	2.37%
APO	A	2.34%
CZR	B	2.31%
SN	A	2.25%
TDG	A	2.16%
AMD	C	2.12%
KKR	A	2.09%
SPOT	C	2.09%
FI	A	2.08%
NTRA	A	2.07%
GE	B	2.07%
CRM	B	2.04%
PGR	B	2.03%
AMZN	C	2.03%
META	A	2.03%
WDC	C	2.02%
AVGO	B	2.02%
NFLX	A	2.01%
MA	A	2.01%
HUBS	D	1.99%
ALIT	D	1.99%
WDAY	D	1.99%
V	B	1.98%
THC	D	1.96%
BRK.A	B	1.95%
EDR	A	1.95%
HES	D	1.95%
MELI	D	1.94%
GOOGL	B	1.93%
TSM	B	1.93%
UNH	B	1.91%
AAPL	C	1.91%
IAC	C	1.91%
UBER	C	1.89%
HCP	A	1.88%
ET	A	1.88%
NVDA	B	1.88%
AER	C	1.87%
MSFT	D	1.87%
JPM	C	1.84%
INSM	D	1.82%
TEVA	D	1.81%
LLY	D	1.79%
ADBE	F	1.75%
FCNCA	D	1.71%
ACI	F	1.71%
X	F	1.53%

GVIP Underweight 12 Positions Relative to QLVE

Symbol	Grade	Weight
CHT	C	-0.92%
BAP	A	-0.88%
SKM	C	-0.78%
PDD	B	-0.76%
IBN	C	-0.67%
KT	C	-0.51%
HDB	D	-0.45%
NTES	B	-0.43%
UMC	D	-0.19%
VALE	D	-0.19%
BIDU	C	-0.03%
TCOM	A	-0.02%