QLV vs. UPW ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to ProShares Ultra Utilities (UPW)

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

UPW

ProShares Ultra Utilities

UPW Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. UtilitiesSM Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index measures the performance of the utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$83.05

Average Daily Volume

8,499

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLV	UPW
30 Days	0.23%	-2.41%
60 Days	1.42%	1.02%
90 Days	3.24%	15.53%
12 Months	25.29%	64.20%

9 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in UPW	Overlap
AEE	A	0.56%	1.31%	0.56%
AEP	D	0.52%	2.77%	0.52%
CMS	C	0.53%	1.1%	0.53%
DUK	C	0.87%	4.67%	0.87%
ED	D	0.77%	1.8%	0.77%
PNW	B	0.52%	0.56%	0.52%
SO	D	0.68%	5.19%	0.68%
WEC	A	0.83%	1.67%	0.83%
XEL	A	0.62%	2.09%	0.62%

QLV Overweight 105 Positions Relative to UPW

Symbol	Grade	Weight
MSFT	F	7.86%
NVDA	C	5.54%
AAPL	C	5.13%
PG	A	3.17%
AMZN	C	2.5%
LLY	F	2.4%
MRK	F	2.29%
V	A	2.25%
MCD	D	1.97%
IBM	C	1.77%
JNJ	D	1.68%
VZ	C	1.58%
PEP	F	1.52%
T	A	1.46%
META	D	1.27%
XOM	B	1.15%
TMUS	B	1.14%
GILD	C	1.11%
LMT	D	1.07%
ABBV	D	0.97%
ABT	B	0.92%
ADP	B	0.92%
CME	A	0.91%
QLYS	C	0.89%
ATR	B	0.89%
WTW	B	0.87%
GOOGL	C	0.87%
TXN	C	0.86%
PSA	D	0.84%
AIZ	A	0.84%
WDFC	B	0.81%
TYL	B	0.81%
K	A	0.77%
RGLD	C	0.77%
DOX	D	0.76%
LSTR	D	0.74%
CHE	D	0.74%
AMGN	D	0.73%
CB	C	0.72%
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%
AVY	D	0.64%
GOOG	C	0.62%
CALM	A	0.62%
EQIX	A	0.62%
ALL	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%
RSG	A	0.58%
WCN	A	0.57%
CTVA	C	0.57%
AZO	C	0.56%
SIGI	C	0.55%
STNG	F	0.55%
MKL	A	0.54%
JKHY	D	0.53%
SCI	B	0.53%
CTRA	B	0.53%
WRB	A	0.53%
ADC	B	0.52%
TSCO	D	0.5%
BAH	F	0.5%
SON	D	0.49%
CHRW	C	0.49%
FLO	D	0.47%
REGN	F	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%
MCK	B	0.35%
SLGN	A	0.33%
DDS	B	0.3%
BMI	B	0.28%
CRUS	D	0.26%
EA	A	0.23%
PM	B	0.21%
JPM	A	0.21%
COR	B	0.2%
LIN	D	0.19%
ALKS	B	0.19%
ADI	D	0.15%
ROP	B	0.14%
NCNO	B	0.13%
CAG	D	0.13%
L	A	0.11%
CWAN	B	0.09%
UNH	C	0.07%
MMC	B	0.05%
EXPD	D	0.03%

QLV Underweight 22 Positions Relative to UPW

Symbol	Grade	Weight
NEE	D	-8.47%
CEG	D	-3.79%
SRE	A	-3.15%
VST	B	-2.64%
D	C	-2.61%
PCG	A	-2.43%
PEG	A	-2.39%
EXC	C	-2.11%
EIX	B	-1.74%
ETR	B	-1.72%
AWK	D	-1.41%
DTE	C	-1.34%
PPL	B	-1.34%
ATO	A	-1.21%
ES	D	-1.19%
FE	C	-1.15%
CNP	B	-1.09%
NRG	B	-1.03%
NI	A	-0.89%
LNT	A	-0.84%
EVRG	A	-0.79%
AES	F	-0.54%