QLV vs. FDLO ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to Fidelity Low Volatility Factor ETF (FDLO)

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

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.01

Average Daily Volume

91,159

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	QLV	FDLO
30 Days	1.63%	2.08%
60 Days	4.53%	4.15%
90 Days	5.65%	6.27%
12 Months	25.53%	22.02%

67 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in FDLO	Overlap
AAPL	D	5.11%	7.33%	5.11%
ABBV	C	1.15%	1.18%	1.15%
ABT	C	0.95%	0.93%	0.93%
ADC	C	0.54%	0.16%	0.16%
ADP	B	0.87%	0.62%	0.62%
AEE	B	0.55%	0.24%	0.24%
AEP	B	0.59%	0.3%	0.3%
AIZ	B	0.77%	0.54%	0.54%
AMGN	B	0.82%	0.84%	0.82%
AMZN	C	2.13%	3.64%	2.13%
ATR	B	0.8%	0.15%	0.15%
AVY	D	0.72%	0.16%	0.16%
AZO	D	0.58%	0.48%	0.48%
BAH	B	0.51%	0.44%	0.44%
BRK.A	C	0.59%	2.09%	0.59%
CB	B	0.76%	0.73%	0.73%
CME	C	0.92%	0.69%	0.69%
CMS	A	0.55%	0.24%	0.24%
CTRA	F	0.49%	0.18%	0.18%
CTVA	B	0.57%	0.21%	0.21%
DLR	B	0.56%	0.24%	0.24%
DOX	C	0.77%	1.12%	0.77%
DTM	B	0.5%	0.17%	0.17%
DUK	C	0.95%	0.37%	0.37%
EA	D	0.21%	0.65%	0.21%
ED	C	0.87%	0.27%	0.27%
EQIX	B	0.59%	0.3%	0.3%
GD	B	0.64%	0.52%	0.52%
GIS	B	0.86%	0.33%	0.33%
GOOGL	D	0.76%	3.68%	0.76%
HII	C	0.51%	0.39%	0.39%
HSY	C	0.54%	0.28%	0.28%
IBM	B	1.77%	1.6%	1.6%
JKHY	B	0.54%	0.52%	0.52%
JNJ	B	1.9%	1.28%	1.28%
JPM	D	0.2%	1.63%	0.2%
LIN	B	0.19%	0.56%	0.19%
LLY	C	2.85%	1.98%	1.98%
LMT	C	1.17%	0.63%	0.63%
MCD	C	1.97%	0.81%	0.81%
MMC	C	0.06%	0.71%	0.06%
MRK	D	2.76%	1.07%	1.07%
MSFT	C	7.68%	7.19%	7.19%
NOC	B	0.65%	0.54%	0.54%
PEP	C	1.69%	0.7%	0.7%
PG	C	3.43%	1.03%	1.03%
PKG	B	0.54%	0.17%	0.17%
PM	C	0.21%	0.62%	0.21%
PSA	B	0.91%	0.27%	0.27%
REGN	C	0.71%	0.76%	0.71%
ROP	C	0.14%	1.24%	0.14%
RSG	D	0.58%	0.48%	0.48%
SO	B	0.72%	0.39%	0.39%
T	B	1.45%	0.96%	0.96%
TMUS	C	0.96%	0.84%	0.84%
TRV	B	0.64%	0.63%	0.63%
TSCO	C	0.5%	0.47%	0.47%
TXN	C	0.87%	1.52%	0.87%
TYL	C	0.8%	1.19%	0.8%
UNH	C	0.07%	1.57%	0.07%
V	B	2.15%	1.38%	1.38%
VZ	B	1.7%	1.0%	1.0%
WEC	B	0.84%	0.27%	0.27%
WM	D	0.66%	0.53%	0.53%
WRB	C	0.55%	0.53%	0.53%
XEL	A	0.59%	0.28%	0.28%
XOM	D	1.13%	1.1%	1.1%

QLV Overweight 47 Positions Relative to FDLO

Symbol	Grade	Weight
NVDA	D	4.13%
META	A	1.14%
GILD	B	0.98%
WTW	B	0.83%
K	A	0.79%
CHKP	C	0.79%
CHE	C	0.78%
RGLD	B	0.77%
WDFC	B	0.76%
QGEN	B	0.75%
QLYS	F	0.74%
LSTR	D	0.74%
STNG	D	0.71%
SMMT	C	0.62%
ALL	A	0.61%
WCN	D	0.59%
ZM	C	0.58%
CINF	B	0.56%
SON	C	0.54%
PNW	B	0.53%
TTEK	C	0.53%
GOOG	D	0.53%
SIGI	C	0.51%
SCI	B	0.51%
FLO	C	0.51%
MKL	C	0.5%
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%
CRUS	D	0.36%
AVGO	C	0.34%
SLGN	B	0.32%
MCK	F	0.3%
DDS	D	0.25%
BMI	B	0.25%
SQSP	A	0.24%
ALKS	C	0.19%
CAG	B	0.16%
ADI	D	0.16%
L	B	0.11%
NCNO	D	0.1%
CWAN	A	0.07%
EXPD	B	0.03%

QLV Underweight 58 Positions Relative to FDLO

Symbol	Grade	Weight
ORCL	B	-1.76%
ACN	C	-1.61%
CSCO	B	-1.54%
MSI	C	-1.36%
MA	B	-1.28%
AKAM	D	-1.16%
VRSN	D	-1.11%
HD	B	-1.1%
TMO	C	-0.96%
WMT	B	-0.91%
CMCSA	D	-0.87%
PGR	A	-0.84%
KO	B	-0.77%
SBUX	C	-0.71%
VRTX	D	-0.71%
UNP	B	-0.68%
LOW	B	-0.66%
TJX	C	-0.65%
HON	D	-0.64%
BDX	F	-0.63%
AJG	C	-0.62%
ETN	C	-0.61%
CVX	D	-0.6%
CBOE	C	-0.59%
NKE	D	-0.58%
ERIE	A	-0.57%
FDS	C	-0.55%
ITW	B	-0.52%
ORLY	B	-0.5%
PAYX	C	-0.48%
FAST	C	-0.47%
GRMN	D	-0.46%
LHX	D	-0.46%
OTIS	D	-0.45%
MDLZ	B	-0.44%
J	D	-0.41%
CL	C	-0.41%
FCN	C	-0.39%
COP	D	-0.38%
AMT	C	-0.36%
KMB	D	-0.33%
SHW	B	-0.3%
EOG	D	-0.28%
WMB	B	-0.27%
O	B	-0.25%
ECL	B	-0.25%
LNG	D	-0.24%
KMI	A	-0.24%
APD	B	-0.24%
CCI	B	-0.24%
EQR	B	-0.2%
CSGP	D	-0.2%
MAA	B	-0.19%
VMC	D	-0.17%
ELS	C	-0.17%
AMH	C	-0.17%
MLM	D	-0.17%
AMCR	C	-0.16%