- ISIN
- US33939L7468
- CUSIP
- 33939L746
- Issuer
- Northern Trust
- Inception Date
- Sep 24, 2015
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Northern Trust Quality Large Cap Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $982M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
QLC Performance Chart
FlexShares US Quality Large Cap Index Fund (QLC) is up 9.2% since the beginning of the year. QLC is currently trading at $88 per share. Investors who bought $1,000 worth of QLC shares 5 years ago would now be looking at an investment worth $1,997.
Loading charts...
Returns By Period
FlexShares US Quality Large Cap Index Fund (QLC) has returned 9.23% so far this year and 30.96% over the past 12 months.
FlexShares US Quality Large Cap Index Fund
- 1D
- -2.57%
- 1M
- 1.04%
- YTD
- 9.23%
- 6M
- 9.35%
- 1Y
- 30.96%
- 3Y*
- 24.47%
- 5Y*
- 14.84%
- 10Y*
- 14.50%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QLC Monthly Returns History
Based on dividend-adjusted daily data since Sep 24, 2015, QLC's average daily return is +0.06%, while the average monthly return is +1.20%. At this rate, an investment would double in approximately 4.8 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +12.8%, while the worst month was Mar 2020 at -12.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QLC closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.3%, while the worst single day was Mar 16, 2020 at -10.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.61% | -0.16% | -4.70% | 9.76% | 5.08% | -2.03% | 9.23% | ||||||
| 2025 | 3.22% | -1.24% | -5.56% | -0.58% | 6.62% | 5.57% | 1.80% | 2.91% | 4.76% | 2.47% | 1.44% | 0.29% | 23.26% |
| 2024 | 2.13% | 4.81% | 4.08% | -3.92% | 4.86% | 3.99% | 1.90% | 2.04% | 1.88% | -0.85% | 5.85% | -2.37% | 26.71% |
| 2023 | 6.54% | -2.19% | 2.65% | 0.78% | 0.66% | 7.00% | 3.26% | -1.34% | -4.47% | -2.25% | 8.80% | 4.85% | 26.02% |
| 2022 | -4.22% | -2.76% | 3.14% | -8.40% | 0.78% | -8.84% | 8.93% | -3.94% | -9.33% | 8.89% | 5.60% | -6.12% | -17.21% |
| 2021 | -0.34% | 2.00% | 4.45% | 5.01% | 1.75% | 2.14% | 2.92% | 2.85% | -5.17% | 5.92% | -0.72% | 5.00% | 28.46% |
Benchmark Metrics
FlexShares US Quality Large Cap Index Fund has an annualized alpha of 4.97%, beta of 1.02, and R2 of 0.96 versus S&P 500 Index. Calculated based on daily prices since September 25, 2015.
- This ETF captured 113.17% of S&P 500 Index gains but only 79.00% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 4.97% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.02 and R2 of 0.96, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 4.97%
- Beta
- 1.02
- R²
- 0.96
- Upside Capture
- 113.17%
- Downside Capture
- 79.00%
Expense Ratio
QLC has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
QLC ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FlexShares US Quality Large Cap Index Fund (QLC) and compare them to S&P 500 Index.
| QLC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | — | — |
| Martin ratioReturn relative to average drawdown | 16.39 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
FlexShares US Quality Large Cap Index Fund provided a 0.89% dividend yield over the last twelve months, with an annual payout of $0.79 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.79 | $0.76 | $0.69 | $0.67 | $0.62 | $0.50 | $0.57 | $0.70 | $0.55 | $0.43 | $0.50 | $0.17 |
Dividend yield | 0.89% | 0.94% | 1.03% | 1.26% | 1.46% | 0.96% | 1.40% | 1.91% | 1.82% | 1.29% | 1.80% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares US Quality Large Cap Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.14 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.28 | $0.76 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.25 | $0.69 |
| 2023 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.20 | $0.67 |
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.20 | $0.62 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.16 | $0.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares US Quality Large Cap Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FlexShares US Quality Large Cap Index Fund was 35.86%, occurring on Mar 23, 2020. Recovery took 106 trading sessions.
The current FlexShares US Quality Large Cap Index Fund drawdown is 2.66%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -35.86%Mar 2020 | 1mo 9d | 5mo 5d | 6mo 14dFeb 2020 - Aug 2020 |
Bear market2022 | -23.81%Sep 2022 | 9mo 4d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 |
Rate-hike selloffLate 2018 | -20.69%Dec 2018 | 3mo 1d | 10mo 18d | 1y 1moSep 2018 - Nov 2019 |
2025 selloff2025 | -18.49%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 |
2016 correction2016 | -12.06%Feb 2016 | 3mo 1d | 5mo 9d | 8mo 10dNov 2015 - Jul 2016 |
Drawdown Indicators
| QLC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.86% | -9.10% | -26.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.86% | — | — |
Current DrawdownCurrent decline from peak | -2.66% | -2.97% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -1.13% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with QLC
Add FlexShares US Quality Large Cap Index Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with QLC