QLV vs. COWZ ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to Pacer US Cash Cows 100 ETF (COWZ)

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

$66.02

Average Daily Volume

3,613

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

COWZ

Pacer US Cash Cows 100 ETF

COWZ Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer US Small Cap Cash Cows Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index. The index uses an objective, rules-based methodology to provide exposure to small-capitalization U.S. companies with high free cash flow yields. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.07

Average Daily Volume

1,877,244

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLV	COWZ
30 Days	1.63%	1.17%
60 Days	4.53%	1.86%
90 Days	5.65%	3.96%
12 Months	25.53%	14.54%

6 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in COWZ	Overlap
CRUS	D	0.36%	0.37%	0.36%
DOX	C	0.77%	0.61%	0.61%
GILD	B	0.98%	2.41%	0.98%
SON	C	0.54%	0.45%	0.45%
T	B	1.45%	2.34%	1.45%
ZM	C	0.58%	1.49%	0.58%

QLV Overweight 108 Positions Relative to COWZ

Symbol	Grade	Weight
MSFT	C	7.68%
AAPL	D	5.11%
NVDA	D	4.13%
PG	C	3.43%
LLY	C	2.85%
MRK	D	2.76%
V	B	2.15%
AMZN	C	2.13%
MCD	C	1.97%
JNJ	B	1.9%
IBM	B	1.77%
VZ	B	1.7%
PEP	C	1.69%
LMT	C	1.17%
ABBV	C	1.15%
META	A	1.14%
XOM	D	1.13%
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	B	0.84%
WTW	B	0.83%
AMGN	B	0.82%
ATR	B	0.8%
TYL	C	0.8%
K	A	0.79%
CHKP	C	0.79%
CHE	C	0.78%
RGLD	B	0.77%
AIZ	B	0.77%
CB	B	0.76%
GOOGL	D	0.76%
WDFC	B	0.76%
QGEN	B	0.75%
QLYS	F	0.74%
LSTR	D	0.74%
AVY	D	0.72%
SO	B	0.72%
REGN	C	0.71%
STNG	D	0.71%
WM	D	0.66%
NOC	B	0.65%
TRV	B	0.64%
GD	B	0.64%
SMMT	C	0.62%
ALL	A	0.61%
AEP	B	0.59%
XEL	A	0.59%
EQIX	B	0.59%
WCN	D	0.59%
BRK.A	C	0.59%
AZO	D	0.58%
RSG	D	0.58%
CTVA	B	0.57%
CINF	B	0.56%
DLR	B	0.56%
WRB	C	0.55%
AEE	B	0.55%
CMS	A	0.55%
ADC	C	0.54%
HSY	C	0.54%
JKHY	B	0.54%
PKG	B	0.54%
PNW	B	0.53%
TTEK	C	0.53%
GOOG	D	0.53%
BAH	B	0.51%
SIGI	C	0.51%
HII	C	0.51%
SCI	B	0.51%
FLO	C	0.51%
DTM	B	0.5%
MKL	C	0.5%
TSCO	C	0.5%
CTRA	F	0.49%
CALM	B	0.48%
BMRN	F	0.48%
CHRW	B	0.46%
HRL	C	0.44%
NBIX	F	0.43%
VRSK	D	0.39%
NFG	B	0.37%
AVGO	C	0.34%
SLGN	B	0.32%
MCK	F	0.3%
DDS	D	0.25%
BMI	B	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	B	0.16%
ADI	D	0.16%
ROP	C	0.14%
L	B	0.11%
NCNO	D	0.1%
UNH	C	0.07%
CWAN	A	0.07%
MMC	C	0.06%
EXPD	B	0.03%

QLV Underweight 93 Positions Relative to COWZ

Symbol	Grade	Weight
MMM	B	-2.51%
LEN	B	-2.31%
BMY	C	-2.3%
MO	C	-2.28%
LNG	D	-2.2%
EOG	D	-1.98%
CAH	C	-1.96%
LYB	F	-1.94%
ADM	D	-1.91%
FANG	D	-1.86%
HPQ	D	-1.85%
MPC	D	-1.84%
VTRS	C	-1.81%
BG	D	-1.77%
DVN	F	-1.74%
HPE	D	-1.73%
NUE	F	-1.72%
VLO	D	-1.71%
HAL	F	-1.66%
PHM	B	-1.65%
EBAY	B	-1.65%
MRO	D	-1.51%
DINO	D	-1.51%
EXPE	C	-1.49%
SWKS	F	-1.47%
BLDR	C	-1.46%
SNX	D	-1.28%
TAP	C	-1.28%
TOL	B	-1.23%
CLF	F	-1.08%
WSM	C	-1.07%
TPR	C	-1.06%
OC	C	-1.05%
WCC	C	-1.03%
STLD	D	-1.01%
INGR	A	-1.01%
SNA	B	-0.98%
RPM	B	-0.97%
MTCH	C	-0.96%
MAT	C	-0.89%
VFC	C	-0.89%
DOCU	C	-0.83%
UTHR	C	-0.82%
JAZZ	D	-0.82%
SMG	C	-0.81%
DXC	C	-0.8%
JNPR	A	-0.79%
ADTN	F	-0.78%
GAP	F	-0.76%
MHK	B	-0.76%
RL	B	-0.74%
DBX	D	-0.73%
HRB	C	-0.73%
INCY	C	-0.71%
FFIV	A	-0.71%
CNM	F	-0.68%
ALSN	B	-0.66%
ARW	C	-0.65%
QRVO	F	-0.64%
NWL	D	-0.64%
AGCO	D	-0.59%
MTZ	B	-0.58%
EPAM	D	-0.57%
CROX	C	-0.57%
TWLO	D	-0.57%
KSS	F	-0.56%
MIDD	C	-0.54%
REYN	C	-0.53%
COLM	B	-0.51%
OLN	D	-0.5%
THO	D	-0.49%
PVH	F	-0.49%
NEU	D	-0.48%
LEA	D	-0.47%
ETSY	F	-0.46%
RHI	D	-0.43%
AYI	B	-0.42%
CIEN	C	-0.42%
CRI	C	-0.35%
PEGA	C	-0.32%
PLTK	C	-0.29%
PATH	D	-0.28%
ZI	D	-0.27%
MSM	D	-0.27%
CACC	D	-0.25%
LEG	D	-0.24%
NVST	D	-0.21%
RNG	D	-0.21%
TDC	F	-0.2%
PINC	C	-0.19%
OLPX	C	-0.17%
IPGP	F	-0.13%
TRIP	F	-0.11%