QLV vs. HSMV ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

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

$66.60

Average Daily Volume

3,719

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$36.41

Average Daily Volume

1,200

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

Performance

Period	QLV	HSMV
30 Days	3.30%	3.09%
60 Days	4.48%	3.71%
90 Days	6.66%	9.32%
12 Months	26.89%	19.61%

15 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in HSMV	Overlap
ADC	B	0.54%	0.63%	0.54%
ATR	A	0.8%	0.49%	0.49%
CHE	C	0.78%	0.48%	0.48%
CRUS	D	0.36%	0.42%	0.36%
DTM	B	0.5%	0.56%	0.5%
FLO	C	0.51%	0.45%	0.45%
LSTR	D	0.74%	0.49%	0.49%
NBIX	D	0.43%	0.5%	0.43%
NFG	A	0.37%	0.54%	0.37%
RGLD	B	0.77%	0.42%	0.42%
SCI	A	0.51%	0.52%	0.51%
SIGI	C	0.51%	0.42%	0.42%
SLGN	B	0.32%	0.5%	0.32%
SON	C	0.54%	0.45%	0.45%
TTEK	B	0.53%	0.57%	0.53%

QLV Overweight 99 Positions Relative to HSMV

Symbol	Grade	Weight
MSFT	C	7.68%
AAPL	D	5.11%
NVDA	D	4.13%
PG	A	3.43%
LLY	C	2.85%
MRK	D	2.76%
V	A	2.15%
AMZN	C	2.13%
MCD	B	1.97%
JNJ	B	1.9%
IBM	A	1.77%
VZ	A	1.7%
PEP	B	1.69%
T	A	1.45%
LMT	B	1.17%
ABBV	B	1.15%
META	B	1.14%
XOM	D	1.13%
GILD	B	0.98%
TMUS	A	0.96%
DUK	B	0.95%
ABT	B	0.95%
CME	B	0.92%
PSA	A	0.91%
ADP	A	0.87%
ED	B	0.87%
TXN	D	0.87%
GIS	B	0.86%
WEC	B	0.84%
WTW	B	0.83%
AMGN	B	0.82%
TYL	B	0.8%
K	A	0.79%
CHKP	B	0.79%
DOX	C	0.77%
AIZ	C	0.77%
CB	B	0.76%
GOOGL	D	0.76%
WDFC	C	0.76%
QGEN	B	0.75%
QLYS	F	0.74%
AVY	B	0.72%
SO	A	0.72%
REGN	C	0.71%
STNG	D	0.71%
WM	D	0.66%
NOC	B	0.65%
TRV	A	0.64%
GD	B	0.64%
SMMT	C	0.62%
ALL	A	0.61%
AEP	A	0.59%
XEL	B	0.59%
EQIX	B	0.59%
WCN	B	0.59%
BRK.A	C	0.59%
AZO	C	0.58%
RSG	B	0.58%
ZM	C	0.58%
CTVA	B	0.57%
CINF	B	0.56%
DLR	A	0.56%
WRB	C	0.55%
AEE	A	0.55%
CMS	A	0.55%
HSY	B	0.54%
JKHY	A	0.54%
PKG	B	0.54%
PNW	A	0.53%
GOOG	D	0.53%
BAH	B	0.51%
HII	D	0.51%
MKL	C	0.5%
TSCO	B	0.5%
CTRA	F	0.49%
CALM	B	0.48%
BMRN	F	0.48%
CHRW	C	0.46%
HRL	C	0.44%
VRSK	D	0.39%
AVGO	C	0.34%
MCK	F	0.3%
DDS	D	0.25%
BMI	A	0.25%
SQSP	A	0.24%
EA	C	0.21%
PM	B	0.21%
JPM	D	0.2%
ALKS	C	0.19%
LIN	B	0.19%
CAG	B	0.16%
ADI	D	0.16%
ROP	B	0.14%
L	C	0.11%
NCNO	F	0.1%
UNH	C	0.07%
CWAN	B	0.07%
MMC	A	0.06%
EXPD	D	0.03%

QLV Underweight 181 Positions Relative to HSMV

Symbol	Grade	Weight
CUBE	A	-0.78%
LXP	B	-0.72%
IDCC	B	-0.7%
CVLT	B	-0.69%
UTHR	C	-0.68%
CPK	A	-0.67%
EVR	B	-0.67%
HRB	C	-0.64%
FAF	A	-0.64%
GMED	D	-0.64%
SFM	B	-0.63%
OHI	B	-0.62%
PLXS	B	-0.62%
NMIH	B	-0.61%
ENSG	A	-0.61%
JEF	B	-0.61%
INVA	B	-0.6%
ELS	B	-0.59%
SBRA	A	-0.59%
FCPT	A	-0.59%
BRX	B	-0.59%
G	B	-0.59%
MTG	B	-0.58%
GLPI	B	-0.58%
FR	B	-0.58%
CTRE	A	-0.58%
MUSA	B	-0.58%
EPRT	A	-0.58%
CLH	B	-0.58%
AWR	B	-0.57%
EXP	A	-0.57%
JJSF	D	-0.57%
NNN	B	-0.57%
CNO	B	-0.57%
NYT	C	-0.57%
BCPC	C	-0.57%
PRI	B	-0.56%
ESNT	B	-0.56%
ORI	B	-0.56%
EGP	B	-0.56%
EXEL	A	-0.56%
INGR	B	-0.56%
STAG	B	-0.55%
ACHC	C	-0.55%
EPR	B	-0.55%
CW	B	-0.55%
BJ	D	-0.55%
PECO	B	-0.55%
EME	A	-0.55%
CACI	B	-0.55%
FNF	B	-0.55%
OGE	B	-0.55%
CASY	C	-0.55%
LFUS	D	-0.55%
ROIC	B	-0.54%
SWX	C	-0.54%
CSL	C	-0.54%
KFY	B	-0.54%
RDN	C	-0.54%
EFC	A	-0.54%
PRGS	B	-0.54%
CWT	A	-0.54%
REXR	C	-0.53%
POR	A	-0.53%
USFD	A	-0.53%
WPC	B	-0.53%
MAT	C	-0.53%
THG	A	-0.53%
LII	A	-0.53%
UNF	B	-0.53%
PNM	B	-0.53%
JHG	B	-0.53%
MCRI	C	-0.52%
OGS	A	-0.52%
SR	A	-0.52%
VRRM	D	-0.52%
WTRG	D	-0.52%
NWE	A	-0.52%
EHC	B	-0.52%
MTN	D	-0.52%
IDA	B	-0.52%
COOP	B	-0.52%
AMH	B	-0.52%
BKH	A	-0.52%
RPM	B	-0.52%
RGA	B	-0.52%
RNR	B	-0.51%
AIN	F	-0.51%
MSGS	B	-0.51%
MMS	D	-0.51%
RLI	B	-0.51%
ALE	B	-0.51%
AVA	B	-0.51%
POST	C	-0.51%
NSIT	C	-0.51%
NJR	A	-0.51%
PCH	C	-0.5%
LOPE	D	-0.5%
WERN	D	-0.5%
SF	B	-0.5%
FHI	B	-0.5%
GATX	C	-0.5%
AFG	B	-0.5%
GPK	A	-0.5%
LANC	D	-0.5%
VOYA	A	-0.49%
MOG.A	B	-0.49%
RYN	C	-0.49%
SAIC	B	-0.49%
WU	F	-0.49%
WH	B	-0.49%
PFGC	B	-0.49%
COLM	B	-0.49%
AMG	C	-0.49%
CBSH	B	-0.49%
KEX	C	-0.49%
TXRH	D	-0.48%
KNX	C	-0.48%
AM	B	-0.48%
SEIC	C	-0.48%
MDU	B	-0.48%
ACM	B	-0.48%
PBH	B	-0.48%
CHH	C	-0.48%
FSS	D	-0.47%
BWXT	D	-0.47%
AVT	D	-0.47%
ITT	C	-0.47%
MIDD	D	-0.47%
CRI	C	-0.47%
GGG	C	-0.47%
LAMR	A	-0.46%
EPC	F	-0.46%
DCI	D	-0.46%
FLS	D	-0.46%
FNB	D	-0.46%
ARW	C	-0.46%
AGO	C	-0.46%
CHDN	B	-0.45%
WTS	C	-0.45%
MAN	D	-0.44%
KBR	D	-0.44%
RS	D	-0.44%
SNX	D	-0.44%
FELE	D	-0.44%
R	B	-0.44%
VVV	D	-0.43%
MSA	D	-0.43%
NSA	A	-0.42%
AGCO	D	-0.42%
HXL	F	-0.42%
ASH	D	-0.42%
PB	B	-0.41%
NVT	D	-0.41%
TNC	D	-0.41%
DLB	D	-0.41%
IOSP	D	-0.41%
GNTX	F	-0.4%
OSK	D	-0.4%
MSM	D	-0.4%
ENR	D	-0.39%
EVTC	D	-0.39%
JAZZ	D	-0.39%
WEN	C	-0.39%
IRT	A	-0.37%
ALV	F	-0.37%
LECO	D	-0.37%
VNT	D	-0.37%
ENOV	F	-0.34%
AIR	C	-0.33%
ONB	C	-0.32%
EXPO	B	-0.32%
ABM	D	-0.32%
ORA	C	-0.32%
CCOI	C	-0.31%
FCN	C	-0.3%
BLKB	B	-0.3%
GO	F	-0.25%
PDCO	D	-0.23%
PZZA	D	-0.22%
LEG	D	-0.18%