VAW vs. QLV ETF Comparison

Comparison of Vanguard Materials ETF - DNQ (VAW) to FlexShares US Quality Low Volatility Index Fund (QLV)

VAW

Vanguard Materials ETF - DNQ

VAW Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Materials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the materials sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$196.77

Average Daily Volume

36,480

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

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

$63.56

Average Daily Volume

15,361

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	VAW	QLV
30 Days	0.14%	3.02%
60 Days	-2.73%	5.28%
90 Days	-0.44%	8.08%
12 Months	8.55%	21.30%

6 Overlapping Holdings

Symbol	Grade	Weight in VAW	Weight in QLV	Overlap
ATR	D	0.71%	0.5%	0.5%
AVY	D	1.32%	0.72%	0.72%
LIN	C	15.16%	0.18%	0.18%
PKG	C	1.19%	0.74%	0.74%
RGLD	A	0.46%	0.73%	0.46%
SLGN	D	0.29%	0.28%	0.28%

VAW Overweight 109 Positions Relative to QLV

Symbol	Grade	Weight
FCX	C	5.46%
SHW	C	5.3%
ECL	A	4.32%
APD	D	4.28%
NEM	A	3.49%
NUE	D	2.94%
DOW	F	2.93%
CTVA	D	2.82%
MLM	D	2.55%
DD	B	2.48%
VMC	C	2.44%
PPG	D	2.23%
LYB	F	1.87%
IFF	B	1.77%
BALL	D	1.58%
STLD	C	1.45%
RS	C	1.25%
CE	D	1.22%
CF	F	1.08%
IP	C	1.07%
AMCR	D	1.06%
RPM	D	1.04%
WRK	C	1.0%
ALB	F	0.9%
EMN	D	0.86%
CCK	D	0.73%
MOS	F	0.72%
GPK	D	0.63%
CLF	F	0.62%
X	C	0.62%
EXP	D	0.58%
AXTA	C	0.57%
AA	D	0.57%
FMC	F	0.55%
ATI	D	0.55%
BERY	C	0.5%
CMC	C	0.47%
OLN	D	0.46%
WLK	D	0.45%
SON	F	0.44%
LPX	D	0.43%
SEE	D	0.41%
CBT	D	0.41%
CRS	B	0.4%
ESI	B	0.4%
BCPC	B	0.36%
SUM	D	0.34%
ASH	D	0.34%
FUL	C	0.31%
HUN	D	0.29%
AVNT	D	0.29%
NEU	D	0.28%
CC	F	0.27%
KNF	C	0.27%
HCC	C	0.26%
AMR	D	0.25%
HL	C	0.25%
IOSP	D	0.23%
ARCH	F	0.22%
SMG	D	0.21%
SXT	B	0.2%
MTX	C	0.2%
KWR	D	0.19%
SLVM	D	0.18%
CDE	A	0.17%
MP	F	0.17%
TROX	D	0.17%
MTRN	D	0.17%
OI	F	0.14%
SCL	C	0.14%
HWKN	B	0.13%
ASPN	D	0.13%
NGVT	F	0.12%
KALU	D	0.11%
GEF	D	0.11%
OEC	D	0.1%
PRM	B	0.08%
WS	C	0.08%
ECVT	D	0.08%
TRS	D	0.08%
KOP	F	0.07%
MATV	D	0.07%
CENX	C	0.07%
USLM	B	0.06%
IE	D	0.06%
CLW	D	0.06%
SXC	C	0.06%
ASIX	F	0.05%
RYI	F	0.05%
HAYN	B	0.05%
MYE	F	0.04%
LXU	F	0.04%
GATO	B	0.04%
ZEUS	F	0.04%
PTVE	F	0.04%
DNA	F	0.04%
PCT	C	0.04%
MERC	F	0.03%
RDUS	F	0.03%
CMP	F	0.03%
AVD	F	0.02%
PLL	F	0.02%
IPI	C	0.02%
PACK	C	0.02%
KRO	D	0.02%
DNMR	F	0.01%
TSE	F	0.01%
ORGN	D	0.01%
FEAM	F	0.0%

VAW Underweight 104 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	C	-9.61%
AAPL	B	-5.77%
NVDA	C	-4.8%
PG	D	-3.34%
LLY	B	-3.14%
MRK	C	-3.1%
AMZN	C	-2.5%
V	F	-2.08%
MCD	D	-1.76%
VZ	B	-1.68%
PEP	D	-1.58%
T	B	-1.31%
ABBV	B	-1.27%
IBM	C	-1.26%
AVGO	B	-1.22%
VRTX	A	-1.19%
META	C	-1.18%
GOOGL	C	-1.13%
LMT	D	-1.03%
TMUS	B	-1.02%
ABT	D	-0.99%
WM	B	-0.9%
TXN	B	-0.88%
GOOG	C	-0.88%
GILD	C	-0.88%
DLR	B	-0.87%
CHKP	B	-0.85%
DUK	B	-0.85%
AMGN	B	-0.83%
TYL	B	-0.81%
CME	D	-0.8%
PSA	B	-0.79%
ALL	D	-0.77%
ADP	F	-0.76%
VRSK	B	-0.76%
JNJ	D	-0.75%
REGN	B	-0.73%
DOX	D	-0.72%
ED	D	-0.72%
GIS	D	-0.71%
QLYS	F	-0.71%
CHE	F	-0.71%
WEC	D	-0.71%
LSTR	F	-0.68%
AIZ	D	-0.67%
WDFC	D	-0.67%
AFG	D	-0.67%
CB	D	-0.64%
CHRW	C	-0.64%
WCN	B	-0.59%
GD	D	-0.59%
RSG	A	-0.58%
NOC	F	-0.57%
AZO	C	-0.54%
BAH	B	-0.53%
EQIX	C	-0.53%
SFM	B	-0.53%
TRV	D	-0.53%
BRK.A	C	-0.52%
DTM	B	-0.52%
RYAN	C	-0.52%
NBIX	B	-0.52%
AEP	C	-0.51%
CINF	B	-0.51%
XEL	D	-0.51%
ADC	B	-0.51%
TSCO	D	-0.5%
AEE	C	-0.5%
BMRN	C	-0.5%
CTRA	D	-0.49%
MKL	D	-0.49%
HII	D	-0.48%
WRB	D	-0.48%
CMS	D	-0.48%
HSY	D	-0.48%
CPB	B	-0.48%
SCI	C	-0.47%
PNW	B	-0.47%
FCN	C	-0.47%
TTEK	D	-0.46%
SIGI	D	-0.46%
SWX	D	-0.45%
CHK	D	-0.45%
QGEN	D	-0.45%
HRL	F	-0.42%
FLO	F	-0.41%
CWAN	D	-0.35%
SR	B	-0.35%
MCK	C	-0.34%
TGNA	C	-0.34%
CRUS	B	-0.31%
DDS	B	-0.3%
BMI	C	-0.24%
IDA	C	-0.22%
EA	B	-0.19%
ROP	C	-0.18%
JPM	B	-0.18%
PM	A	-0.17%
UNH	D	-0.13%
XOM	D	-0.08%
ALKS	F	-0.07%
HELE	F	-0.07%
CLX	D	-0.05%
EXPD	B	-0.03%