QLV vs. HLAL ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to Wahed FTSE USA Shariah ETF (HLAL)

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

$66.10

Average Daily Volume

3,350

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.84

Average Daily Volume

66,546

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

Performance

Period	QLV	HLAL
30 Days	2.06%	4.15%
60 Days	8.22%	8.74%
90 Days	5.34%	-0.55%
12 Months	30.89%	25.83%

24 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in HLAL	Overlap
AAPL	C	5.16%	14.96%	5.16%
ABT	C	0.91%	0.89%	0.89%
ADI	B	0.17%	0.51%	0.17%
ADP	A	0.85%	0.53%	0.53%
BMRN	F	0.39%	0.06%	0.06%
CTVA	A	0.59%	0.19%	0.19%
EA	D	0.2%	0.17%	0.17%
EXPD	D	0.03%	0.08%	0.03%
GOOG	B	0.57%	3.74%	0.57%
GOOGL	B	0.82%	4.42%	0.82%
JNJ	D	1.8%	1.76%	1.76%
LIN	C	0.2%	1.03%	0.2%
MCK	F	0.27%	0.29%	0.27%
META	A	1.26%	5.69%	1.26%
MRK	F	2.65%	1.29%	1.29%
MSFT	D	8.0%	14.07%	8.0%
PG	D	3.31%	1.84%	1.84%
PKG	B	0.56%	0.09%	0.09%
REGN	D	0.63%	0.49%	0.49%
ROP	D	0.13%	0.27%	0.13%
TSCO	A	0.52%	0.15%	0.15%
TXN	C	0.89%	0.84%	0.84%
TYL	D	0.77%	0.11%	0.11%
XOM	A	1.08%	2.47%	1.08%

QLV Overweight 90 Positions Relative to HLAL

Symbol	Grade	Weight
NVDA	B	4.72%
LLY	D	2.8%
AMZN	C	2.28%
MCD	A	2.02%
V	B	2.0%
IBM	A	1.9%
VZ	C	1.74%
PEP	F	1.58%
T	B	1.43%
LMT	A	1.15%
ABBV	C	1.1%
GILD	A	1.01%
TMUS	A	0.98%
DUK	C	0.91%
CME	A	0.9%
PSA	C	0.9%
ED	C	0.84%
GIS	C	0.83%
WEC	B	0.82%
WTW	C	0.81%
RGLD	C	0.81%
ATR	A	0.81%
CHE	D	0.8%
CHKP	A	0.8%
AMGN	D	0.79%
DOX	B	0.78%
AIZ	B	0.78%
K	B	0.77%
QLYS	F	0.76%
LSTR	F	0.74%
WDFC	B	0.74%
CB	A	0.73%
QGEN	F	0.72%
STNG	B	0.72%
SMMT	D	0.72%
AVY	D	0.71%
SO	A	0.7%
GD	C	0.63%
WM	B	0.63%
NOC	B	0.63%
EQIX	C	0.61%
TRV	B	0.61%
DLR	C	0.6%
ALL	A	0.6%
ZM	B	0.59%
BRK.A	B	0.58%
AZO	D	0.58%
XEL	C	0.58%
RSG	D	0.56%
AEP	C	0.56%
WCN	D	0.56%
AEE	A	0.55%
CMS	A	0.55%
JKHY	A	0.54%
CINF	A	0.54%
SON	D	0.53%
TTEK	A	0.53%
DTM	A	0.52%
BAH	C	0.52%
SIGI	D	0.51%
WRB	C	0.51%
ADC	C	0.51%
PNW	C	0.51%
HSY	D	0.5%
FLO	D	0.5%
SCI	D	0.5%
MKL	B	0.5%
CALM	A	0.5%
CTRA	D	0.49%
HII	F	0.49%
CHRW	C	0.48%
HRL	F	0.42%
AVGO	B	0.42%
NBIX	F	0.41%
VRSK	D	0.37%
NFG	A	0.36%
CRUS	D	0.32%
SLGN	B	0.32%
DDS	D	0.28%
BMI	A	0.27%
SQSP	A	0.24%
PM	D	0.2%
JPM	C	0.19%
ALKS	B	0.18%
CAG	D	0.16%
NCNO	F	0.1%
L	C	0.1%
CWAN	B	0.08%
UNH	B	0.07%
MMC	D	0.05%

QLV Underweight 172 Positions Relative to HLAL

Symbol	Grade	Weight
TSLA	C	-3.14%
KO	C	-1.25%
CVX	B	-1.18%
CRM	B	-1.18%
AMD	C	-1.17%
TMO	D	-1.06%
ADBE	F	-1.01%
CSCO	A	-0.97%
QCOM	D	-0.85%
NOW	B	-0.81%
DHR	D	-0.8%
ISRG	C	-0.78%
AMAT	C	-0.76%
PFE	D	-0.74%
UBER	C	-0.66%
TJX	D	-0.6%
SYK	C	-0.59%
COP	D	-0.59%
BSX	A	-0.57%
MDT	C	-0.52%
PLD	D	-0.52%
MU	D	-0.5%
KLAC	B	-0.48%
PANW	B	-0.47%
NKE	D	-0.46%
INTC	D	-0.44%
MDLZ	D	-0.44%
UPS	D	-0.44%
TT	A	-0.4%
CEG	A	-0.38%
WELL	C	-0.35%
MMM	C	-0.34%
SNPS	F	-0.34%
CDNS	D	-0.33%
BDX	C	-0.32%
CTAS	C	-0.32%
CARR	A	-0.31%
GEV	A	-0.31%
SLB	D	-0.29%
APD	C	-0.29%
FDX	F	-0.28%
MRVL	C	-0.28%
EMR	B	-0.28%
NEM	C	-0.28%
ADSK	B	-0.27%
MPC	D	-0.27%
NXPI	F	-0.27%
PSX	D	-0.26%
DHI	C	-0.26%
PCAR	D	-0.23%
JCI	C	-0.23%
ROST	D	-0.22%
A	B	-0.2%
KVUE	C	-0.2%
VLO	F	-0.2%
PWR	A	-0.2%
GWW	B	-0.2%
CMI	A	-0.2%
LEN	C	-0.2%
FAST	C	-0.19%
EW	F	-0.18%
HES	D	-0.18%
KDP	C	-0.18%
IDXX	D	-0.18%
GEHC	C	-0.18%
IR	A	-0.18%
NUE	D	-0.17%
VRT	B	-0.17%
COR	F	-0.17%
BKR	B	-0.17%
ODFL	F	-0.17%
IT	A	-0.17%
FANG	D	-0.16%
HPQ	B	-0.16%
GLW	C	-0.16%
RMD	C	-0.16%
OXY	D	-0.16%
DD	C	-0.16%
MLM	F	-0.15%
XYL	C	-0.15%
EBAY	A	-0.15%
DOW	B	-0.15%
ROK	D	-0.14%
PPG	D	-0.14%
ON	F	-0.14%
DELL	C	-0.14%
LULU	D	-0.14%
WAB	A	-0.14%
VMC	D	-0.14%
VLTO	A	-0.13%
BIIB	F	-0.13%
ANSS	D	-0.13%
ADM	F	-0.13%
AXON	A	-0.13%
PHM	C	-0.13%
NTAP	D	-0.12%
DVN	F	-0.12%
DOV	C	-0.12%
TTWO	D	-0.12%
HAL	D	-0.12%
IFF	D	-0.12%
GRMN	D	-0.12%
CAH	B	-0.12%
FTV	C	-0.12%
STE	D	-0.11%
BLDR	C	-0.11%
ICLR	F	-0.11%
WY	C	-0.11%
LYB	B	-0.11%
FSLR	C	-0.11%
CHD	D	-0.11%
ATO	A	-0.1%
PTC	B	-0.1%
ZBH	F	-0.1%
WDC	C	-0.1%
WST	D	-0.1%
ILMN	B	-0.1%
EL	D	-0.1%
HUBB	A	-0.1%
ZBRA	B	-0.09%
STLD	C	-0.09%
APTV	D	-0.09%
GPC	D	-0.09%
OMC	C	-0.09%
ARE	D	-0.09%
TER	C	-0.09%
MKC	C	-0.09%
SMCI	F	-0.09%
BURL	C	-0.08%
SWK	C	-0.08%
DGX	D	-0.08%
ALGN	D	-0.08%
ULTA	D	-0.08%
HOLX	D	-0.08%
SNA	C	-0.07%
AKAM	D	-0.07%
TRMB	B	-0.07%
RVTY	C	-0.07%
MRO	B	-0.07%
PNR	C	-0.07%
IEX	D	-0.07%
CF	A	-0.07%
PODD	C	-0.07%
JNPR	C	-0.06%
FFIV	B	-0.06%
FLEX	B	-0.06%
REG	C	-0.06%
IP	C	-0.06%
BG	F	-0.06%
JBHT	D	-0.06%
POOL	D	-0.06%
DLTR	F	-0.06%
ROL	C	-0.06%
NWSA	D	-0.05%
SCCO	B	-0.05%
LKQ	F	-0.05%
ALB	D	-0.05%
TFX	C	-0.05%
OKTA	F	-0.05%
IPG	D	-0.05%
TECH	D	-0.05%
DAL	C	-0.04%
QRVO	F	-0.04%
CRL	F	-0.04%
WBA	F	-0.03%
GFS	F	-0.02%
LUV	B	-0.02%
UAL	A	-0.02%
WLK	C	-0.02%
LEN	C	-0.01%
AGR	C	-0.01%
NWS	D	-0.01%