QLV vs. TVAL ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

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

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

Performance

Period	QLV	TVAL
30 Days	0.23%	2.98%
60 Days	1.42%	4.22%
90 Days	3.24%	5.88%
12 Months	25.29%	29.14%

33 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in TVAL	Overlap
ABBV	D	0.97%	0.36%	0.36%
ADI	D	0.15%	0.35%	0.15%
AEE	A	0.56%	0.65%	0.56%
ALL	A	0.62%	0.39%	0.39%
AVY	D	0.64%	0.19%	0.19%
AZO	C	0.56%	0.52%	0.52%
CAG	D	0.13%	0.4%	0.13%
CB	C	0.72%	2.23%	0.72%
CME	A	0.91%	0.23%	0.23%
EQIX	A	0.62%	0.16%	0.16%
GOOG	C	0.62%	0.95%	0.62%
JNJ	D	1.68%	1.82%	1.68%
JPM	A	0.21%	1.23%	0.21%
LIN	D	0.19%	0.73%	0.19%
LLY	F	2.4%	1.19%	1.19%
MCD	D	1.97%	0.46%	0.46%
MCK	B	0.35%	0.8%	0.35%
META	D	1.27%	0.87%	0.87%
MMC	B	0.05%	0.67%	0.05%
MRK	F	2.29%	0.8%	0.8%
MSFT	F	7.86%	0.65%	0.65%
PG	A	3.17%	0.72%	0.72%
PM	B	0.21%	1.41%	0.21%
PSA	D	0.84%	0.44%	0.44%
REGN	F	0.47%	0.42%	0.42%
ROP	B	0.14%	0.29%	0.14%
RSG	A	0.58%	0.62%	0.58%
SO	D	0.68%	1.67%	0.68%
TMUS	B	1.14%	0.88%	0.88%
TXN	C	0.86%	0.7%	0.7%
UNH	C	0.07%	1.9%	0.07%
VZ	C	1.58%	0.58%	0.58%
XOM	B	1.15%	2.56%	1.15%

QLV Overweight 81 Positions Relative to TVAL

Symbol	Grade	Weight
NVDA	C	5.54%
AAPL	C	5.13%
AMZN	C	2.5%
V	A	2.25%
IBM	C	1.77%
PEP	F	1.52%
T	A	1.46%
GILD	C	1.11%
LMT	D	1.07%
ABT	B	0.92%
ADP	B	0.92%
QLYS	C	0.89%
ATR	B	0.89%
WTW	B	0.87%
DUK	C	0.87%
GOOGL	C	0.87%
AIZ	A	0.84%
WEC	A	0.83%
WDFC	B	0.81%
TYL	B	0.81%
ED	D	0.77%
K	A	0.77%
RGLD	C	0.77%
DOX	D	0.76%
LSTR	D	0.74%
CHE	D	0.74%
AMGN	D	0.73%
CHKP	D	0.72%
GIS	D	0.72%
ZM	B	0.7%
WM	A	0.68%
QGEN	D	0.67%
TRV	B	0.66%
DTM	B	0.65%
DLR	B	0.65%
CALM	A	0.62%
XEL	A	0.62%
GD	F	0.61%
PKG	A	0.61%
SMMT	D	0.61%
NOC	D	0.6%
BRK.A	B	0.59%
CINF	A	0.59%
WCN	A	0.57%
CTVA	C	0.57%
SIGI	C	0.55%
STNG	F	0.55%
MKL	A	0.54%
CMS	C	0.53%
JKHY	D	0.53%
SCI	B	0.53%
CTRA	B	0.53%
WRB	A	0.53%
ADC	B	0.52%
AEP	D	0.52%
PNW	B	0.52%
TSCO	D	0.5%
BAH	F	0.5%
SON	D	0.49%
CHRW	C	0.49%
FLO	D	0.47%
HSY	F	0.46%
TTEK	F	0.46%
NBIX	C	0.43%
HRL	D	0.4%
AVGO	D	0.4%
VRSK	A	0.39%
BMRN	D	0.37%
NFG	A	0.37%
HII	D	0.36%
SLGN	A	0.33%
DDS	B	0.3%
BMI	B	0.28%
CRUS	D	0.26%
EA	A	0.23%
COR	B	0.2%
ALKS	B	0.19%
NCNO	B	0.13%
L	A	0.11%
CWAN	B	0.09%
EXPD	D	0.03%

QLV Underweight 111 Positions Relative to TVAL

Symbol	Grade	Weight
HIG	B	-1.96%
WMT	A	-1.89%
BAC	A	-1.89%
ELV	F	-1.81%
WFC	A	-1.77%
FI	A	-1.53%
KVUE	A	-1.49%
LHX	C	-1.36%
COP	C	-1.25%
AVB	B	-1.22%
GE	D	-1.21%
TMO	F	-1.12%
SWK	D	-1.1%
CMI	A	-1.09%
QCOM	F	-1.08%
BDX	F	-1.01%
EQH	B	-1.0%
SCHW	B	-0.89%
WY	D	-0.88%
AIG	B	-0.87%
CI	F	-0.87%
ZBH	C	-0.85%
CL	D	-0.84%
EOG	A	-0.82%
C	A	-0.81%
FITB	A	-0.77%
NWSA	B	-0.75%
VST	B	-0.74%
NSC	B	-0.74%
CVX	A	-0.73%
KO	D	-0.72%
HUBB	B	-0.7%
ACN	C	-0.7%
GEV	B	-0.7%
TTE	F	-0.7%
HON	B	-0.68%
SRE	A	-0.68%
KMB	D	-0.66%
DHR	F	-0.65%
IP	B	-0.64%
HD	A	-0.63%
WDC	D	-0.6%
NEE	D	-0.59%
USB	A	-0.56%
BA	F	-0.56%
MS	A	-0.56%
D	C	-0.55%
RPM	A	-0.52%
ROK	B	-0.52%
CF	B	-0.52%
BAX	D	-0.5%
CSX	B	-0.49%
HWM	A	-0.48%
REXR	F	-0.48%
PGR	A	-0.48%
AZN	D	-0.47%
MAR	B	-0.47%
WMB	A	-0.46%
CMCSA	B	-0.46%
EQT	B	-0.46%
APO	B	-0.46%
TDG	D	-0.46%
HBAN	A	-0.45%
ARES	A	-0.45%
MU	D	-0.45%
HCA	F	-0.45%
BLK	C	-0.43%
FANG	D	-0.43%
MDLZ	F	-0.43%
UNP	C	-0.42%
CPAY	A	-0.42%
LEN	D	-0.42%
LVS	C	-0.41%
LAMR	D	-0.4%
KDP	D	-0.4%
TSM	B	-0.39%
AMAT	F	-0.38%
YUM	B	-0.36%
BKR	B	-0.35%
KEYS	A	-0.35%
PLD	D	-0.34%
MSI	B	-0.34%
EFX	F	-0.33%
A	D	-0.33%
COF	B	-0.33%
STLD	B	-0.32%
UAL	A	-0.31%
TT	A	-0.31%
AME	A	-0.31%
OTIS	C	-0.3%
CAT	B	-0.3%
VRTX	F	-0.29%
TJX	A	-0.29%
MOH	F	-0.28%
UPS	C	-0.28%
CARR	D	-0.27%
MCHP	D	-0.27%
AXP	A	-0.26%
SPGI	C	-0.26%
CDW	F	-0.25%
MGM	D	-0.24%
ZTS	D	-0.23%
CVS	D	-0.23%
HAL	C	-0.22%
VMC	B	-0.22%
AMD	F	-0.22%
MET	A	-0.22%
BHP	F	-0.2%
DIS	B	-0.2%
SNY	F	-0.19%
DTE	C	-0.17%