QLV vs. ESMV ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to iShares ESG MSCI USA Min Vol Factor ETF (ESMV)

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

$66.27

Average Daily Volume

8,499

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

ESMV

iShares ESG MSCI USA Min Vol Factor ETF

ESMV Description

iShares ESG MSCI USA Min Vol Factor ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in less volatile stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index, by using representative sampling technique. iShares ESG MSCI USA Min Vol Factor ETF is domiciled in the United States

Grade (RS Rating)

Last Trade

$28.91

Average Daily Volume

2,127

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	QLV	ESMV
30 Days	-1.94%	-1.21%
60 Days	0.18%	1.19%
90 Days	1.83%	3.13%
12 Months	24.13%	23.43%

44 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in ESMV	Overlap
AAPL	C	5.13%	0.51%	0.51%
ADP	B	0.92%	1.44%	0.92%
AIZ	A	0.84%	0.18%	0.18%
AMGN	D	0.73%	1.37%	0.73%
AZO	C	0.56%	0.38%	0.38%
CHRW	B	0.49%	0.48%	0.48%
CME	A	0.91%	0.42%	0.42%
CMS	C	0.53%	0.55%	0.53%
COR	B	0.2%	0.78%	0.2%
EA	A	0.23%	1.22%	0.23%
ED	C	0.77%	1.25%	0.77%
EQIX	A	0.62%	0.73%	0.62%
GILD	B	1.11%	1.39%	1.11%
GIS	F	0.72%	1.25%	0.72%
HII	F	0.36%	0.06%	0.06%
HRL	D	0.4%	0.35%	0.35%
IBM	C	1.77%	1.65%	1.65%
JKHY	D	0.53%	0.13%	0.13%
JNJ	D	1.68%	0.97%	0.97%
K	B	0.77%	0.85%	0.77%
LIN	D	0.19%	0.1%	0.1%
LLY	F	2.4%	1.39%	1.39%
MCD	D	1.97%	1.03%	1.03%
MCK	A	0.35%	1.34%	0.35%
MMC	D	0.05%	1.4%	0.05%
MRK	F	2.29%	1.06%	1.06%
MSFT	D	7.86%	1.32%	1.32%
NOC	D	0.6%	1.51%	0.6%
NVDA	A	5.54%	1.67%	1.67%
PEP	F	1.52%	1.05%	1.05%
PG	C	3.17%	1.02%	1.02%
REGN	F	0.47%	0.7%	0.47%
ROP	C	0.14%	1.33%	0.14%
RSG	A	0.58%	0.17%	0.17%
T	A	1.46%	0.39%	0.39%
TMUS	B	1.14%	1.63%	1.14%
TRV	A	0.66%	1.6%	0.66%
TSCO	D	0.5%	0.28%	0.28%
TXN	C	0.86%	1.49%	0.86%
UNH	C	0.07%	1.42%	0.07%
V	A	2.25%	1.09%	1.09%
VZ	C	1.58%	1.29%	1.29%
WM	B	0.68%	1.44%	0.68%
WTW	B	0.87%	0.17%	0.17%

QLV Overweight 70 Positions Relative to ESMV

Symbol	Grade	Weight
AMZN	B	2.5%
META	C	1.27%
XOM	B	1.15%
LMT	D	1.07%
ABBV	F	0.97%
ABT	A	0.92%
QLYS	C	0.89%
ATR	B	0.89%
DUK	C	0.87%
GOOGL	B	0.87%
PSA	C	0.84%
WEC	A	0.83%
WDFC	B	0.81%
TYL	B	0.81%
RGLD	C	0.77%
DOX	D	0.76%
LSTR	D	0.74%
CHE	F	0.74%
CB	C	0.72%
CHKP	D	0.72%
ZM	B	0.7%
SO	C	0.68%
QGEN	F	0.67%
DTM	A	0.65%
DLR	A	0.65%
AVY	D	0.64%
GOOG	B	0.62%
CALM	A	0.62%
ALL	A	0.62%
XEL	A	0.62%
GD	D	0.61%
PKG	B	0.61%
SMMT	D	0.61%
BRK.A	A	0.59%
CINF	A	0.59%
WCN	A	0.57%
CTVA	C	0.57%
AEE	A	0.56%
SIGI	B	0.55%
STNG	D	0.55%
MKL	A	0.54%
SCI	A	0.53%
CTRA	B	0.53%
WRB	B	0.53%
ADC	A	0.52%
AEP	C	0.52%
PNW	B	0.52%
BAH	D	0.5%
SON	F	0.49%
FLO	D	0.47%
HSY	F	0.46%
TTEK	F	0.46%
NBIX	C	0.43%
AVGO	C	0.4%
VRSK	B	0.39%
BMRN	F	0.37%
NFG	A	0.37%
SLGN	A	0.33%
DDS	B	0.3%
BMI	C	0.28%
CRUS	F	0.26%
PM	A	0.21%
JPM	A	0.21%
ALKS	C	0.19%
ADI	D	0.15%
NCNO	B	0.13%
CAG	F	0.13%
L	A	0.11%
CWAN	B	0.09%
EXPD	D	0.03%

QLV Underweight 106 Positions Relative to ESMV

Symbol	Grade	Weight
MSI	B	-1.83%
GWW	B	-1.69%
VRTX	D	-1.57%
PEG	C	-1.53%
CSCO	B	-1.48%
HD	A	-1.36%
PGR	B	-1.34%
ACN	C	-1.31%
FERG	C	-1.31%
HES	B	-1.23%
TT	A	-1.2%
CL	D	-1.17%
ORCL	A	-1.17%
OKE	A	-1.16%
KR	B	-1.1%
CDNS	B	-1.09%
SPGI	D	-1.04%
NEM	D	-1.01%
VLTO	C	-1.0%
MA	B	-0.96%
ADBE	D	-0.91%
LOW	C	-0.91%
KEYS	C	-0.88%
KO	D	-0.79%
PTC	B	-0.78%
TRGP	A	-0.76%
CRH	B	-0.75%
HPE	B	-0.75%
IT	C	-0.74%
WDAY	C	-0.74%
CRM	B	-0.73%
HUBS	A	-0.73%
DGX	A	-0.68%
HON	A	-0.65%
ZTS	D	-0.62%
FICO	A	-0.53%
ELV	F	-0.53%
KMB	C	-0.53%
CBRE	B	-0.52%
SRE	A	-0.51%
HOLX	D	-0.5%
NEE	C	-0.49%
JNPR	D	-0.48%
RTX	D	-0.44%
UBER	F	-0.43%
CI	D	-0.42%
MELI	D	-0.41%
ODFL	B	-0.41%
DECK	B	-0.4%
YUM	D	-0.4%
CHD	A	-0.39%
ES	C	-0.39%
GEN	B	-0.38%
ICE	C	-0.38%
STX	D	-0.38%
KHC	F	-0.36%
INTC	C	-0.36%
AMCR	D	-0.35%
CPB	D	-0.34%
SNPS	C	-0.34%
VRSN	F	-0.33%
ALNY	D	-0.33%
CVX	A	-0.33%
NXPI	F	-0.33%
ECL	D	-0.32%
CLX	A	-0.32%
FI	A	-0.32%
BR	B	-0.31%
PSX	C	-0.31%
HUM	D	-0.31%
LKQ	F	-0.3%
AKAM	F	-0.3%
INCY	C	-0.3%
CTSH	C	-0.3%
CNH	C	-0.29%
XYL	D	-0.25%
BMY	A	-0.25%
JCI	B	-0.24%
AJG	B	-0.24%
ADSK	B	-0.22%
FCNCA	A	-0.21%
AWK	C	-0.21%
OTIS	C	-0.2%
FSLR	D	-0.19%
ULTA	F	-0.19%
INTU	B	-0.19%
GDDY	A	-0.18%
AZPN	A	-0.17%
NOW	B	-0.16%
KDP	D	-0.16%
UPS	C	-0.15%
NTAP	C	-0.15%
LDOS	C	-0.14%
DPZ	C	-0.13%
TEAM	A	-0.13%
SOLV	F	-0.12%
FFIV	B	-0.12%
MKC	D	-0.12%
CMCSA	B	-0.09%
MPC	D	-0.09%
KNX	B	-0.08%
FAST	B	-0.08%
CAH	B	-0.08%
AON	B	-0.06%
TJX	A	-0.05%
EXC	C	-0.04%