QLV vs. WRND ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to IQ Global Equity R&D Leaders ETF (WRND)

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

WRND

IQ Global Equity R&D Leaders ETF

WRND Description

IQ Global Equity R&D Leaders ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the IQ Global Equity R&D Leaders Index, by using full replication technique. IQ Global Equity R&D Leaders ETF was formed on December 14, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$29.08

Average Daily Volume

1,357

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	QLV	WRND
30 Days	0.23%	-1.90%
60 Days	1.42%	-1.83%
90 Days	3.24%	-1.88%
12 Months	25.29%	18.15%

24 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in WRND	Overlap
AAPL	C	5.17%	3.25%	3.25%
ABBV	D	0.96%	0.17%	0.17%
ABBV	D	0.96%	0.68%	0.68%
ABT	B	0.93%	0.3%	0.3%
ADI	D	0.15%	0.15%	0.15%
AMGN	D	0.71%	0.47%	0.47%
AMZN	C	2.41%	6.24%	2.41%
AVGO	D	0.38%	0.86%	0.38%
CTVA	C	0.59%	0.14%	0.14%
EA	A	0.23%	0.3%	0.23%
GILD	C	1.07%	0.64%	0.64%
GOOGL	C	0.88%	5.25%	0.88%
IBM	C	1.82%	0.71%	0.71%
JNJ	D	1.71%	1.48%	1.48%
LLY	F	2.31%	0.85%	0.85%
LMT	D	1.06%	0.15%	0.15%
META	D	1.25%	4.08%	1.25%
MRK	F	2.28%	1.59%	1.59%
MSFT	F	7.68%	2.97%	2.97%
NOC	D	0.59%	0.12%	0.12%
NVDA	C	5.54%	1.34%	1.34%
PG	A	3.25%	0.21%	0.21%
REGN	F	0.45%	0.29%	0.29%
TXN	C	0.84%	0.21%	0.21%

QLV Overweight 91 Positions Relative to WRND

Symbol	Grade	Weight
V	A	2.26%
MCD	D	1.93%
VZ	C	1.64%
T	A	1.51%
PEP	F	1.47%
XOM	B	1.15%
TMUS	B	1.13%
CME	A	0.94%
ADP	B	0.92%
DUK	C	0.9%
QLYS	C	0.88%
WEC	A	0.86%
ATR	B	0.86%
AIZ	A	0.86%
WTW	B	0.85%
PSA	D	0.84%
RGLD	C	0.83%
TYL	B	0.8%
WDFC	B	0.8%
ED	D	0.79%
K	A	0.77%
DOX	D	0.74%
CHE	D	0.73%
GIS	D	0.72%
CHKP	D	0.72%
LSTR	D	0.71%
CB	C	0.71%
SO	D	0.69%
DLR	B	0.68%
TRV	B	0.67%
QGEN	D	0.67%
WM	A	0.67%
DTM	B	0.67%
ZM	B	0.67%
CALM	A	0.65%
XEL	A	0.64%
EQIX	A	0.64%
ALL	A	0.63%
AVY	D	0.63%
PKG	A	0.63%
GOOG	C	0.62%
CINF	A	0.6%
SMMT	D	0.59%
RSG	A	0.59%
BRK.A	B	0.59%
AEE	A	0.58%
GD	F	0.58%
WCN	A	0.58%
CTRA	B	0.57%
WRB	A	0.55%
AZO	C	0.55%
STNG	F	0.55%
MKL	A	0.54%
AEP	D	0.54%
CMS	C	0.54%
SCI	B	0.54%
JKHY	D	0.53%
ADC	B	0.53%
PNW	B	0.53%
SIGI	C	0.53%
CHRW	C	0.49%
TSCO	D	0.49%
SON	D	0.48%
BAH	F	0.47%
FLO	D	0.47%
TTEK	F	0.46%
HSY	F	0.45%
NBIX	C	0.43%
HRL	D	0.4%
VRSK	A	0.39%
NFG	A	0.38%
HII	D	0.36%
BMRN	D	0.35%
MCK	B	0.35%
SLGN	A	0.34%
DDS	B	0.29%
BMI	B	0.27%
CRUS	D	0.26%
JPM	A	0.21%
PM	B	0.21%
COR	B	0.2%
LIN	D	0.19%
ALKS	B	0.19%
NCNO	B	0.13%
CAG	D	0.13%
ROP	B	0.13%
L	A	0.11%
CWAN	B	0.09%
UNH	C	0.07%
MMC	B	0.05%
EXPD	D	0.03%

QLV Underweight 88 Positions Relative to WRND

Symbol	Grade	Weight
INTC	D	-1.97%
GM	B	-1.2%
BMY	B	-1.17%
ORCL	B	-1.05%
NVS	D	-0.96%
BABA	D	-0.95%
PFE	D	-0.94%
CSCO	B	-0.93%
QCOM	F	-0.9%
F	C	-0.89%
VRTX	F	-0.84%
TM	D	-0.74%
TSLA	B	-0.67%
SONY	B	-0.66%
STLA	F	-0.66%
CRM	B	-0.66%
HMC	F	-0.65%
AMD	F	-0.57%
ADBE	C	-0.39%
BIDU	F	-0.39%
SQ	B	-0.39%
MU	D	-0.38%
BA	F	-0.36%
NFLX	A	-0.35%
TEAM	A	-0.34%
PYPL	B	-0.34%
UBER	D	-0.31%
AMAT	F	-0.3%
INTU	C	-0.3%
RTX	C	-0.3%
INCY	C	-0.29%
MDT	D	-0.28%
WDAY	B	-0.28%
MRNA	F	-0.27%
HPE	B	-0.27%
TCOM	B	-0.27%
NOW	A	-0.26%
CAT	B	-0.24%
NXPI	D	-0.24%
SHOP	B	-0.24%
MRVL	B	-0.24%
DE	A	-0.24%
SPOT	B	-0.22%
PANW	C	-0.22%
LI	F	-0.22%
SNPS	B	-0.22%
MELI	D	-0.21%
BGNE	D	-0.2%
SNOW	C	-0.19%
HPQ	B	-0.19%
CMI	A	-0.19%
WDC	D	-0.19%
ABNB	C	-0.19%
NIO	F	-0.19%
HON	B	-0.18%
EXPE	B	-0.18%
GE	D	-0.18%
LRCX	F	-0.18%
RIVN	F	-0.17%
BSX	B	-0.17%
ADSK	A	-0.17%
CDNS	B	-0.17%
BIIB	F	-0.17%
EBAY	D	-0.16%
RBLX	C	-0.16%
MMM	D	-0.16%
ACN	C	-0.15%
SYK	C	-0.15%
ILMN	D	-0.14%
DASH	A	-0.14%
DHR	F	-0.14%
TMO	F	-0.12%
GLW	B	-0.12%
BDX	F	-0.12%
DDOG	A	-0.12%
EW	C	-0.12%
ISRG	A	-0.12%
GEHC	F	-0.12%
NTAP	C	-0.11%
LPL	F	-0.11%
JNPR	F	-0.11%
PINS	D	-0.11%
KLAC	D	-0.11%
UL	D	-0.11%
ALNY	D	-0.1%
APTV	D	-0.1%
MCHP	D	-0.09%
LCID	F	-0.07%