QLV vs. CZA ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to Guggenheim Mid-Cap Core ETF (CZA)

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

CZA

Guggenheim Mid-Cap Core ETF

CZA Description

The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an index called the Zacks Mid-Cap Core Index. The fund will invest at least 90% of its total assets in securities that comprise the index and depositary receipts representing securities that comprise the index. It generally invests in all of the securities comprising the index in proportion to their weightings in the index. The index is comprised of 100 securities selected, based on investment and other criteria, from a universe of mid-capitalization securities including MLPs, ADRs and BDCs.

Grade (RS Rating)

Last Trade

$107.10

Average Daily Volume

4,350

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLV	CZA
30 Days	2.04%	4.96%
60 Days	5.15%	6.78%
90 Days	6.23%	8.92%
12 Months	26.75%	23.78%

14 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in CZA	Overlap
AEE	C	0.55%	1.53%	0.55%
AIZ	B	0.77%	0.69%	0.69%
ATR	B	0.8%	0.7%	0.7%
AVY	C	0.72%	1.21%	0.72%
BAH	C	0.51%	1.36%	0.51%
CHKP	B	0.79%	1.53%	0.79%
CINF	B	0.56%	1.44%	0.56%
FLO	C	0.51%	0.33%	0.33%
HII	D	0.51%	0.69%	0.51%
PKG	B	0.54%	1.26%	0.54%
QGEN	C	0.75%	0.73%	0.73%
SLGN	B	0.32%	0.37%	0.32%
WRB	C	0.55%	1.52%	0.55%
WTW	C	0.83%	2.02%	0.83%

QLV Overweight 100 Positions Relative to CZA

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%
AMGN	B	0.82%
TYL	C	0.8%
K	B	0.79%
CHE	C	0.78%
RGLD	C	0.77%
DOX	C	0.77%
CB	B	0.76%
GOOGL	D	0.76%
WDFC	C	0.76%
QLYS	F	0.74%
LSTR	D	0.74%
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%
DLR	B	0.56%
CMS	C	0.55%
ADC	C	0.54%
HSY	C	0.54%
JKHY	B	0.54%
SON	C	0.54%
PNW	C	0.53%
TTEK	C	0.53%
GOOG	D	0.53%
SIGI	D	0.51%
SCI	B	0.51%
DTM	B	0.5%
MKL	C	0.5%
TSCO	C	0.5%
CTRA	D	0.49%
CALM	A	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%
CRUS	D	0.36%
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%

QLV Underweight 80 Positions Relative to CZA

Symbol	Grade	Weight
HIG	B	-2.31%
AVB	B	-2.27%
PPG	D	-2.08%
LYB	D	-2.06%
WAB	B	-2.04%
BRO	C	-2.04%
EQR	B	-2.01%
VLTO	C	-1.85%
ETR	B	-1.83%
DTE	C	-1.79%
FTV	C	-1.78%
STT	A	-1.7%
ES	C	-1.63%
CPAY	B	-1.45%
LDOS	B	-1.42%
BAX	C	-1.39%
TDY	B	-1.39%
CSL	B	-1.34%
PFG	B	-1.29%
J	C	-1.24%
SUI	B	-1.24%
NTRS	A	-1.24%
WLK	D	-1.23%
AER	B	-1.22%
FOX	B	-1.17%
EG	C	-1.12%
RPM	B	-1.1%
LPLA	D	-1.06%
UDR	C	-1.05%
IEX	D	-1.04%
NI	B	-1.02%
SN	B	-1.01%
WMG	D	-1.0%
GGG	C	-0.96%
GLPI	C	-0.96%
TRMB	C	-0.95%
REG	C	-0.95%
CNA	C	-0.92%
BAP	B	-0.92%
RNR	C	-0.91%
LOGI	D	-0.91%
ACM	B	-0.91%
EMN	B	-0.83%
EPAM	F	-0.81%
FLEX	C	-0.81%
ITT	B	-0.77%
NVT	D	-0.75%
PFGC	B	-0.75%
RRX	C	-0.72%
CACI	B	-0.72%
SKX	D	-0.7%
WWD	D	-0.7%
EGP	B	-0.62%
CR	C	-0.6%
SEIC	C	-0.6%
INGR	B	-0.6%
BWXT	D	-0.6%
COLD	D	-0.56%
WEX	C	-0.56%
MOS	F	-0.55%
AWI	B	-0.55%
VOYA	B	-0.51%
ALSN	B	-0.51%
G	C	-0.49%
IVZ	B	-0.49%
BPOP	C	-0.47%
ESNT	B	-0.46%
OSK	F	-0.45%
LFUS	C	-0.43%
ESAB	C	-0.42%
PFSI	C	-0.4%
RRR	D	-0.39%
MDU	C	-0.38%
ACT	B	-0.38%
BLCO	C	-0.37%
VNT	F	-0.36%
FNB	C	-0.34%
FELE	C	-0.31%
SEM	D	-0.31%
ZGN	F	-0.28%