QLV vs. VUSE ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to Vident Core US Equity ETF (VUSE)

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

$66.41

Average Daily Volume

3,582

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$56.66

Average Daily Volume

17,692

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	QLV	VUSE
30 Days	2.04%	2.83%
60 Days	5.15%	3.51%
90 Days	6.23%	4.85%
12 Months	26.75%	20.06%

25 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in VUSE	Overlap
AAPL	C	5.11%	1.98%	1.98%
ABBV	C	1.15%	1.27%	1.15%
ADP	B	0.87%	1.04%	0.87%
AMZN	C	2.13%	2.69%	2.13%
AVGO	C	0.34%	1.85%	0.34%
BMI	A	0.25%	0.24%	0.24%
CRUS	D	0.36%	0.53%	0.36%
EA	D	0.21%	0.49%	0.21%
GOOGL	D	0.76%	0.92%	0.76%
JKHY	B	0.54%	0.45%	0.45%
JNJ	C	1.9%	2.02%	1.9%
JPM	D	0.2%	1.9%	0.2%
LLY	C	2.85%	1.13%	1.13%
MCD	B	1.97%	1.02%	1.02%
META	B	1.14%	1.0%	1.0%
MRK	D	2.76%	1.92%	1.92%
MSFT	C	7.68%	2.0%	2.0%
NVDA	D	4.13%	1.69%	1.69%
PG	C	3.43%	1.32%	1.32%
QLYS	F	0.74%	0.43%	0.43%
T	C	1.45%	1.11%	1.11%
TMUS	C	0.96%	0.72%	0.72%
V	C	2.15%	2.15%	2.15%
VRSK	D	0.39%	0.23%	0.23%
XOM	C	1.13%	1.89%	1.13%

QLV Overweight 89 Positions Relative to VUSE

Symbol	Grade	Weight
IBM	B	1.77%
VZ	B	1.7%
PEP	C	1.69%
LMT	C	1.17%
GILD	B	0.98%
DUK	C	0.95%
ABT	C	0.95%
CME	C	0.92%
PSA	B	0.91%
ED	C	0.87%
TXN	C	0.87%
GIS	B	0.86%
WEC	C	0.84%
WTW	C	0.83%
AMGN	B	0.82%
ATR	B	0.8%
TYL	C	0.8%
K	B	0.79%
CHKP	B	0.79%
CHE	C	0.78%
RGLD	C	0.77%
DOX	C	0.77%
AIZ	B	0.77%
CB	B	0.76%
WDFC	C	0.76%
QGEN	C	0.75%
LSTR	D	0.74%
AVY	C	0.72%
SO	B	0.72%
REGN	C	0.71%
STNG	D	0.71%
WM	D	0.66%
NOC	B	0.65%
TRV	C	0.64%
GD	B	0.64%
SMMT	C	0.62%
ALL	B	0.61%
AEP	C	0.59%
XEL	B	0.59%
EQIX	C	0.59%
WCN	D	0.59%
BRK.A	C	0.59%
AZO	D	0.58%
RSG	D	0.58%
ZM	C	0.58%
CTVA	B	0.57%
CINF	B	0.56%
DLR	B	0.56%
WRB	C	0.55%
AEE	C	0.55%
CMS	C	0.55%
ADC	C	0.54%
HSY	C	0.54%
SON	C	0.54%
PKG	B	0.54%
PNW	C	0.53%
TTEK	C	0.53%
GOOG	D	0.53%
BAH	C	0.51%
SIGI	D	0.51%
HII	D	0.51%
SCI	B	0.51%
FLO	C	0.51%
DTM	B	0.5%
MKL	C	0.5%
TSCO	C	0.5%
CTRA	D	0.49%
CALM	A	0.48%
BMRN	F	0.48%
CHRW	B	0.46%
HRL	C	0.44%
NBIX	F	0.43%
NFG	B	0.37%
SLGN	B	0.32%
MCK	F	0.3%
DDS	F	0.25%
SQSP	A	0.24%
PM	C	0.21%
ALKS	C	0.19%
LIN	B	0.19%
CAG	C	0.16%
ADI	C	0.16%
ROP	C	0.14%
L	C	0.11%
NCNO	D	0.1%
UNH	C	0.07%
CWAN	B	0.07%
MMC	C	0.06%
EXPD	C	0.03%

QLV Underweight 102 Positions Relative to VUSE

Symbol	Grade	Weight
ORCL	C	-2.25%
WMT	C	-2.12%
MA	B	-2.12%
HD	B	-2.02%
KO	C	-1.95%
CVX	D	-1.89%
BAC	D	-1.77%
CMG	C	-1.3%
BKNG	C	-1.29%
MSI	B	-1.29%
ECL	B	-1.28%
NFLX	B	-1.26%
AMAT	D	-1.18%
UBER	C	-1.18%
SNPS	D	-1.17%
ADBE	F	-1.06%
SBUX	C	-1.05%
SHW	B	-1.01%
MO	C	-1.01%
MAR	C	-0.99%
TJX	B	-0.99%
KLAC	D	-0.89%
COST	B	-0.84%
SYK	C	-0.74%
ZTS	C	-0.74%
FTNT	C	-0.71%
ITW	C	-0.71%
WDAY	D	-0.69%
CAT	B	-0.69%
ERIE	B	-0.66%
EME	B	-0.64%
AYI	B	-0.63%
IDCC	B	-0.62%
NOW	B	-0.62%
AMP	A	-0.62%
CVLT	B	-0.61%
JXN	A	-0.61%
FICO	B	-0.61%
TDG	B	-0.6%
NYT	C	-0.6%
CTAS	B	-0.6%
PIPR	B	-0.6%
EQH	C	-0.59%
BOX	C	-0.58%
AMR	F	-0.57%
RMD	C	-0.56%
NKE	D	-0.56%
POWL	C	-0.55%
UTHR	C	-0.55%
EPAC	B	-0.55%
DBRG	D	-0.54%
IT	B	-0.53%
NRG	C	-0.53%
FAST	C	-0.52%
PAYX	C	-0.52%
DFIN	B	-0.51%
CORT	C	-0.51%
RDDT	C	-0.51%
EXEL	C	-0.51%
GWW	B	-0.51%
MTG	B	-0.5%
PLMR	C	-0.5%
YELP	F	-0.49%
SHO	C	-0.49%
MSCI	C	-0.49%
JLL	B	-0.48%
PLAB	F	-0.48%
ODFL	D	-0.48%
TREX	D	-0.48%
MTD	D	-0.48%
IESC	C	-0.47%
LSCC	D	-0.46%
CASH	B	-0.43%
ON	D	-0.42%
A	C	-0.42%
BSX	B	-0.41%
ANET	B	-0.4%
EOG	D	-0.4%
ACLS	F	-0.39%
RMBS	F	-0.38%
MANH	B	-0.37%
PLTR	B	-0.37%
OTTR	F	-0.36%
CSL	B	-0.35%
NSSC	F	-0.29%
VST	C	-0.29%
CRWD	D	-0.26%
PANW	D	-0.25%
DBX	D	-0.24%
DOCU	C	-0.23%
AOS	D	-0.23%
HCC	F	-0.23%
TRIP	F	-0.22%
PINS	F	-0.22%
MEDP	F	-0.21%
APPF	D	-0.16%
PSTG	F	-0.14%
ABNB	D	-0.14%
CMCSA	D	-0.13%
SPG	B	-0.13%
SEIC	C	-0.1%
SCCO	D	-0.0%