VOE vs. QLV ETF Comparison

Comparison of Vanguard Mid-Cap Value ETF - DNQ (VOE) to FlexShares US Quality Low Volatility Index Fund (QLV)

VOE

Vanguard Mid-Cap Value ETF - DNQ

VOE Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Value Index, a broadly diversified index of value stocks of mid-size U.S. companies. 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.

Grade (RS Rating)

Last Trade

$166.10

Average Daily Volume

237,685

Number of Holdings ^*

184

* 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

$66.41

Average Daily Volume

3,582

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	VOE	QLV
30 Days	4.87%	2.04%
60 Days	7.00%	5.15%
90 Days	10.64%	6.23%
12 Months	25.88%	26.75%

22 Overlapping Holdings

Symbol	Grade	Weight in VOE	Weight in QLV	Overlap
AEE	C	0.49%	0.55%	0.49%
ALL	B	1.12%	0.61%	0.61%
AVY	C	0.4%	0.72%	0.4%
CAG	C	0.34%	0.16%	0.16%
CINF	B	0.48%	0.56%	0.48%
CMS	C	0.46%	0.55%	0.46%
CTVA	B	0.89%	0.57%	0.57%
DLR	B	1.1%	0.56%	0.56%
EA	D	0.91%	0.21%	0.21%
ED	C	0.79%	0.87%	0.79%
EXPD	C	0.39%	0.03%	0.03%
GIS	B	0.92%	0.86%	0.86%
HRL	C	0.22%	0.44%	0.22%
K	B	0.5%	0.79%	0.5%
L	C	0.35%	0.11%	0.11%
MKL	C	0.22%	0.5%	0.22%
PKG	B	0.42%	0.54%	0.42%
WEC	C	0.66%	0.84%	0.66%
WRB	C	0.39%	0.55%	0.39%
WTW	C	0.67%	0.83%	0.67%
XEL	B	0.77%	0.59%	0.59%
ZM	C	0.18%	0.58%	0.18%

VOE Overweight 162 Positions Relative to QLV

Symbol	Grade	Weight
AJG	D	1.44%
CARR	B	1.4%
NEM	B	1.39%
DHI	B	1.26%
OKE	B	1.21%
PCG	C	1.16%
PCAR	D	1.13%
URI	B	1.11%
FIS	B	1.03%
AMP	A	1.01%
LHX	C	1.01%
PRU	C	0.98%
LEN	B	0.97%
CMI	C	0.96%
KVUE	C	0.95%
CNC	D	0.95%
PEG	B	0.91%
ACGL	C	0.91%
CTSH	C	0.87%
EXC	C	0.86%
OTIS	C	0.86%
DOW	D	0.85%
GEHC	C	0.83%
NUE	F	0.82%
CBRE	A	0.8%
VICI	C	0.79%
BKR	C	0.79%
KR	C	0.78%
DFS	B	0.78%
HIG	B	0.77%
HPQ	D	0.76%
NDAQ	A	0.75%
IRM	C	0.75%
EIX	C	0.75%
GLW	C	0.73%
AVB	B	0.72%
DD	B	0.71%
PPG	D	0.69%
ADM	D	0.68%
CDW	D	0.68%
BIIB	F	0.67%
EBAY	B	0.67%
WAB	B	0.67%
FITB	B	0.66%
MTB	B	0.65%
GPN	D	0.64%
AWK	B	0.63%
WMB	B	0.63%
GRMN	D	0.63%
DAL	C	0.62%
CAH	C	0.62%
GEV	B	0.62%
PHM	B	0.62%
KEYS	C	0.61%
EQR	B	0.61%
IFF	B	0.6%
FTV	C	0.59%
AIG	D	0.58%
DOV	B	0.58%
LYB	D	0.58%
ETR	B	0.58%
SPG	B	0.58%
VTR	C	0.57%
HPE	D	0.57%
STT	A	0.56%
NTAP	D	0.56%
JCI	B	0.55%
FE	C	0.54%
PPL	C	0.53%
ES	C	0.53%
TROW	D	0.53%
ZBH	F	0.53%
DTE	C	0.52%
WY	C	0.5%
RJF	C	0.5%
CBOE	C	0.49%
HBAN	B	0.49%
WDC	D	0.48%
RF	B	0.48%
ARE	C	0.47%
KMI	B	0.46%
BALL	C	0.45%
GPC	D	0.45%
MKC	C	0.45%
LNG	C	0.45%
SYF	C	0.45%
BAX	C	0.44%
ESS	B	0.44%
SYY	D	0.44%
BBY	C	0.44%
OMC	B	0.44%
CLX	C	0.44%
J	C	0.43%
MAA	B	0.43%
HOLX	B	0.43%
PFG	B	0.43%
IR	C	0.42%
CFG	C	0.42%
DRI	B	0.42%
DG	F	0.41%
TSN	C	0.41%
AVTR	B	0.4%
SWKS	D	0.4%
NTRS	A	0.4%
ZBRA	B	0.4%
LUV	C	0.39%
TXT	D	0.39%
DGX	B	0.39%
CNP	C	0.39%
DLTR	F	0.39%
MAS	B	0.39%
D	C	0.38%
IP	B	0.38%
EG	C	0.38%
SSNC	B	0.36%
KEY	B	0.36%
WBD	D	0.35%
ROK	D	0.35%
SWK	B	0.35%
LNT	B	0.34%
SNA	C	0.34%
CF	C	0.34%
FNF	B	0.34%
UAL	C	0.33%
VST	C	0.33%
NWSA	D	0.32%
CE	F	0.32%
VTRS	D	0.32%
NVR	B	0.31%
WPC	C	0.3%
HAL	F	0.28%
STE	C	0.27%
FOXA	B	0.26%
RPRX	C	0.25%
LDOS	B	0.24%
HUBB	B	0.24%
CPB	C	0.22%
TRU	B	0.21%
MGM	F	0.2%
STLD	F	0.2%
DOC	C	0.18%
MRO	C	0.18%
UDR	C	0.17%
NI	B	0.17%
AKAM	D	0.17%
TRMB	C	0.16%
CRBG	D	0.16%
EVRG	B	0.15%
AES	C	0.14%
HST	C	0.14%
BEN	F	0.14%
WBA	F	0.14%
SJM	C	0.13%
LEN	B	0.07%
FOX	B	0.06%
AGR	B	0.06%
WLK	D	0.06%
EDR	A	0.04%
RKT	C	0.03%
SIRI	C	0.01%
NWS	D	0.0%
LSXMK	D	0.0%

VOE Underweight 92 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	C	-7.68%
AAPL	C	-5.11%
NVDA	D	-4.13%
PG	C	-3.43%
LLY	C	-2.85%
MRK	D	-2.76%
V	C	-2.15%
AMZN	C	-2.13%
MCD	B	-1.97%
JNJ	C	-1.9%
IBM	B	-1.77%
VZ	B	-1.7%
PEP	C	-1.69%
T	C	-1.45%
LMT	C	-1.17%
ABBV	C	-1.15%
META	B	-1.14%
XOM	C	-1.13%
GILD	B	-0.98%
TMUS	C	-0.96%
DUK	C	-0.95%
ABT	C	-0.95%
CME	C	-0.92%
PSA	B	-0.91%
ADP	B	-0.87%
TXN	C	-0.87%
AMGN	B	-0.82%
ATR	B	-0.8%
TYL	C	-0.8%
CHKP	B	-0.79%
CHE	C	-0.78%
RGLD	C	-0.77%
DOX	C	-0.77%
AIZ	B	-0.77%
CB	B	-0.76%
GOOGL	D	-0.76%
WDFC	C	-0.76%
QGEN	C	-0.75%
QLYS	F	-0.74%
LSTR	D	-0.74%
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%
AEP	C	-0.59%
EQIX	C	-0.59%
WCN	D	-0.59%
BRK.A	C	-0.59%
AZO	D	-0.58%
RSG	D	-0.58%
ADC	C	-0.54%
HSY	C	-0.54%
JKHY	B	-0.54%
SON	C	-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%
TSCO	C	-0.5%
CTRA	D	-0.49%
CALM	A	-0.48%
BMRN	F	-0.48%
CHRW	B	-0.46%
NBIX	F	-0.43%
VRSK	D	-0.39%
NFG	B	-0.37%
CRUS	D	-0.36%
AVGO	C	-0.34%
SLGN	B	-0.32%
MCK	F	-0.3%
DDS	F	-0.25%
BMI	A	-0.25%
SQSP	A	-0.24%
PM	C	-0.21%
JPM	D	-0.2%
ALKS	C	-0.19%
LIN	B	-0.19%
ADI	C	-0.16%
ROP	C	-0.14%
NCNO	D	-0.1%
UNH	C	-0.07%
CWAN	B	-0.07%
MMC	C	-0.06%