IVOV vs. QLV ETF Comparison

Comparison of Vanguard S&P Mid-Cap 400 Value ETF (IVOV) to FlexShares US Quality Low Volatility Index Fund (QLV)

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400Â® Value Index, which represents the value companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization value stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$95.75

Average Daily Volume

14,011

Number of Holdings ^*

284

* 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

$66.41

Average Daily Volume

3,582

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	IVOV	QLV
30 Days	4.32%	2.04%
60 Days	5.34%	5.15%
90 Days	9.83%	6.23%
12 Months	22.57%	26.75%

14 Overlapping Holdings

Symbol	Grade	Weight in IVOV	Weight in QLV	Overlap
ADC	C	0.51%	0.54%	0.51%
ATR	B	0.29%	0.8%	0.29%
BMRN	F	0.52%	0.48%	0.48%
CHE	C	0.25%	0.78%	0.25%
CRUS	D	0.22%	0.36%	0.22%
DTM	B	0.2%	0.5%	0.2%
FLO	C	0.32%	0.51%	0.32%
LSTR	D	0.16%	0.74%	0.16%
NFG	B	0.39%	0.37%	0.37%
RGLD	C	0.32%	0.77%	0.32%
SCI	B	0.42%	0.51%	0.42%
SIGI	D	0.18%	0.51%	0.18%
SLGN	B	0.31%	0.32%	0.31%
SON	C	0.39%	0.54%	0.39%

IVOV Overweight 270 Positions Relative to QLV

Symbol	Grade	Weight
ILMN	C	1.43%
RGA	C	1.09%
THC	A	1.07%
FNF	B	1.05%
WPC	C	0.93%
USFD	B	0.9%
ALLY	F	0.9%
JLL	B	0.87%
BJ	D	0.86%
PFGC	B	0.79%
RRX	C	0.78%
AVTR	B	0.77%
UNM	B	0.75%
JEF	B	0.73%
COHR	C	0.68%
GPK	B	0.68%
SNX	D	0.68%
SF	A	0.67%
FHN	D	0.67%
X	F	0.67%
ARMK	B	0.66%
ORI	B	0.64%
KNX	C	0.64%
AFG	B	0.63%
AR	F	0.62%
CHK	D	0.62%
WBS	D	0.62%
FLR	D	0.6%
NOV	F	0.6%
GMED	D	0.59%
GLPI	C	0.57%
OGE	C	0.57%
ZION	D	0.56%
UTHR	C	0.56%
WCC	D	0.56%
DINO	F	0.56%
BERY	B	0.55%
SSB	B	0.55%
RPM	B	0.53%
CLF	F	0.53%
WTFC	B	0.52%
XPO	D	0.52%
TMHC	A	0.52%
OSK	F	0.52%
LEA	F	0.51%
CMC	D	0.51%
PB	B	0.51%
SNV	C	0.5%
REXR	C	0.49%
BURL	B	0.49%
ACM	B	0.49%
MTZ	B	0.49%
ESNT	B	0.49%
FYBR	C	0.48%
ARW	C	0.48%
CACI	B	0.47%
EQH	C	0.46%
FAF	B	0.46%
ONB	C	0.46%
DAR	F	0.46%
GME	F	0.45%
R	A	0.45%
KD	D	0.45%
STWD	B	0.44%
CADE	C	0.44%
VMI	D	0.44%
AGCO	D	0.43%
ST	D	0.43%
AMG	C	0.43%
DKS	D	0.43%
SFM	B	0.43%
AA	D	0.43%
G	C	0.42%
NXST	D	0.42%
PVH	F	0.42%
WHR	D	0.41%
CG	D	0.41%
CCK	A	0.41%
EWBC	D	0.41%
XRAY	D	0.41%
THO	D	0.41%
KRG	B	0.4%
SRCL	A	0.4%
COLB	B	0.4%
MDU	C	0.4%
POST	C	0.4%
RNR	C	0.4%
FNB	C	0.4%
HOMB	B	0.39%
OHI	B	0.39%
WTRG	D	0.39%
EHC	C	0.38%
NNN	C	0.38%
TPL	B	0.38%
UGI	C	0.38%
TTC	D	0.38%
LAD	D	0.38%
INGR	B	0.38%
IBKR	B	0.38%
UBSI	B	0.38%
GBCI	B	0.37%
GAP	F	0.37%
AVT	C	0.36%
POR	C	0.36%
THG	B	0.36%
M	F	0.35%
CGNX	F	0.35%
JHG	B	0.35%
VNO	B	0.35%
CUBE	B	0.35%
KBR	D	0.35%
ASH	D	0.35%
HOG	C	0.34%
ELS	C	0.34%
NJR	B	0.34%
ERIE	B	0.34%
AMH	C	0.34%
AN	D	0.34%
SWX	C	0.33%
UMBF	B	0.33%
CIEN	C	0.33%
CBSH	C	0.33%
ASGN	D	0.32%
PNFP	B	0.32%
CFR	C	0.32%
VOYA	B	0.32%
LAMR	B	0.32%
PII	D	0.32%
ORA	C	0.31%
CUZ	B	0.31%
IRT	B	0.31%
BRX	B	0.31%
PBF	F	0.31%
JAZZ	D	0.3%
MKSI	F	0.3%
BKH	B	0.3%
MTG	B	0.3%
AVNT	B	0.3%
SAIC	C	0.3%
KEX	C	0.3%
CNM	F	0.29%
OGS	B	0.29%
KRC	B	0.29%
CW	B	0.29%
WU	F	0.29%
AYI	B	0.28%
SBRA	C	0.28%
FR	B	0.28%
BDC	B	0.28%
CNO	B	0.28%
SR	B	0.28%
PRGO	D	0.28%
DCI	C	0.28%
KMPR	D	0.28%
MIDD	D	0.27%
MAN	C	0.27%
FLS	D	0.27%
TKO	B	0.27%
STAG	C	0.27%
MAT	C	0.27%
ALE	B	0.27%
CYTK	F	0.27%
PNM	B	0.27%
LITE	B	0.26%
PCH	C	0.26%
VLY	C	0.26%
CC	F	0.26%
HQY	C	0.25%
NEOG	D	0.25%
PAG	D	0.25%
AMKR	F	0.25%
SEIC	C	0.25%
ASB	D	0.25%
EGP	B	0.25%
MUR	F	0.25%
TKR	D	0.25%
OLN	D	0.24%
NWE	B	0.24%
CNXC	F	0.24%
GT	F	0.24%
TCBI	B	0.23%
BHF	F	0.23%
GATX	D	0.23%
BRBR	C	0.23%
KBH	A	0.23%
FFIN	B	0.22%
SLM	D	0.22%
IDA	C	0.22%
VSH	F	0.22%
CACC	F	0.22%
HXL	F	0.21%
ALV	F	0.21%
NVST	D	0.21%
BRKR	D	0.2%
SRPT	D	0.2%
GHC	B	0.2%
TGNA	D	0.2%
NOVT	D	0.2%
EVR	A	0.2%
FHI	A	0.2%
VAC	F	0.2%
ENS	D	0.19%
RCM	C	0.19%
RYN	C	0.19%
GNTX	F	0.19%
EXPO	A	0.19%
CVLT	B	0.19%
RH	B	0.18%
EXLS	B	0.18%
GXO	D	0.18%
HWC	D	0.17%
ADNT	F	0.17%
OPCH	C	0.17%
MTN	D	0.17%
OZK	D	0.17%
ENOV	D	0.17%
RLI	B	0.16%
BC	C	0.16%
CHX	F	0.16%
ZI	D	0.16%
LPX	B	0.16%
ZD	D	0.16%
CRI	D	0.16%
JWN	C	0.16%
LFUS	C	0.15%
DLB	D	0.15%
CPRI	D	0.15%
SYNA	F	0.15%
EEFT	D	0.15%
LANC	D	0.15%
MTSI	D	0.15%
SMG	C	0.15%
IBOC	D	0.15%
AM	C	0.15%
POWI	F	0.15%
WH	B	0.15%
AMED	C	0.14%
MSM	D	0.14%
TEX	F	0.14%
DOCS	B	0.13%
GEF	D	0.13%
IRDM	D	0.13%
VC	F	0.13%
MASI	F	0.13%
CBT	B	0.13%
HAE	F	0.13%
NSP	F	0.13%
PPC	D	0.12%
LIVN	D	0.12%
ALGM	F	0.11%
NSA	B	0.11%
MMS	C	0.11%
CHH	C	0.11%
KNF	B	0.1%
UA	D	0.1%
SAM	F	0.1%
HELE	D	0.1%
COLM	C	0.1%
AZTA	F	0.09%
BLKB	C	0.09%
WOLF	F	0.09%
YETI	D	0.09%
IPGP	F	0.09%
EPR	B	0.09%
WEN	C	0.09%
UAA	C	0.09%
MP	D	0.08%
HGV	F	0.08%
WMG	D	0.07%
TNL	D	0.07%

IVOV Underweight 100 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	C	-7.68%
AAPL	C	-5.11%
NVDA	D	-4.13%
PG	C	-3.43%
LLY	C	-2.85%
MRK	D	-2.76%
V	C	-2.15%
AMZN	C	-2.13%
MCD	B	-1.97%
JNJ	C	-1.9%
IBM	B	-1.77%
VZ	B	-1.7%
PEP	C	-1.69%
T	C	-1.45%
LMT	C	-1.17%
ABBV	C	-1.15%
META	B	-1.14%
XOM	C	-1.13%
GILD	B	-0.98%
TMUS	C	-0.96%
DUK	C	-0.95%
ABT	C	-0.95%
CME	C	-0.92%
PSA	B	-0.91%
ADP	B	-0.87%
ED	C	-0.87%
TXN	C	-0.87%
GIS	B	-0.86%
WEC	C	-0.84%
WTW	C	-0.83%
AMGN	B	-0.82%
TYL	C	-0.8%
K	B	-0.79%
CHKP	B	-0.79%
DOX	C	-0.77%
AIZ	B	-0.77%
CB	B	-0.76%
GOOGL	D	-0.76%
WDFC	C	-0.76%
QGEN	C	-0.75%
QLYS	F	-0.74%
AVY	C	-0.72%
SO	B	-0.72%
REGN	C	-0.71%
STNG	D	-0.71%
WM	D	-0.66%
NOC	B	-0.65%
TRV	C	-0.64%
GD	B	-0.64%
SMMT	C	-0.62%
ALL	B	-0.61%
AEP	C	-0.59%
XEL	B	-0.59%
EQIX	C	-0.59%
WCN	D	-0.59%
BRK.A	C	-0.59%
AZO	D	-0.58%
RSG	D	-0.58%
ZM	C	-0.58%
CTVA	B	-0.57%
CINF	B	-0.56%
DLR	B	-0.56%
WRB	C	-0.55%
AEE	C	-0.55%
CMS	C	-0.55%
HSY	C	-0.54%
JKHY	B	-0.54%
PKG	B	-0.54%
PNW	C	-0.53%
TTEK	C	-0.53%
GOOG	D	-0.53%
BAH	C	-0.51%
HII	D	-0.51%
MKL	C	-0.5%
TSCO	C	-0.5%
CTRA	D	-0.49%
CALM	A	-0.48%
CHRW	B	-0.46%
HRL	C	-0.44%
NBIX	F	-0.43%
VRSK	D	-0.39%
AVGO	C	-0.34%
MCK	F	-0.3%
DDS	F	-0.25%
BMI	A	-0.25%
SQSP	A	-0.24%
EA	D	-0.21%
PM	C	-0.21%
JPM	D	-0.2%
ALKS	C	-0.19%
LIN	B	-0.19%
CAG	C	-0.16%
ADI	C	-0.16%
ROP	C	-0.14%
L	C	-0.11%
NCNO	D	-0.1%
UNH	C	-0.07%
CWAN	B	-0.07%
MMC	C	-0.06%
EXPD	C	-0.03%