FlexShares US Quality Low Volatility Index Fund (QLV)
QLV is a passive ETF by Northern Trust tracking the investment results of the Northern Trust Quality Low Volatility Index. QLV launched on Jul 15, 2019 and has a 0.22% expense ratio.
ETF Info
| ISIN | US33939L6544 |
|---|---|
| CUSIP | 33939L654 |
| Issuer | Northern Trust |
| Inception Date | Jul 15, 2019 |
| Region | North America (U.S.) |
| Category | Volatility Hedged Equity |
| Leveraged | 1x |
| Index Tracked | Northern Trust Quality Low Volatility Index |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
QLV has an expense ratio of 0.22%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: QLV vs. XRLV, QLV vs. PBJ, QLV vs. VOO, QLV vs. USMV, QLV vs. IUS, QLV vs. COWZ, QLV vs. JPST, QLV vs. MGV, QLV vs. ^GSPC, QLV vs. VMVFX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in FlexShares US Quality Low Volatility Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
FlexShares US Quality Low Volatility Index Fund had a return of 19.23% year-to-date (YTD) and 30.69% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 19.23% | 20.45% |
| 1 month | 1.78% | 2.13% |
| 6 months | 9.61% | 9.35% |
| 1 year | 30.69% | 34.41% |
| 5 years (annualized) | 12.29% | 14.21% |
| 10 years (annualized) | N/A | 11.28% |
Monthly Returns
The table below presents the monthly returns of QLV, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.49% | 3.44% | 2.61% | -3.71% | 3.91% | 2.69% | 1.84% | 3.49% | 19.23% | ||||
| 2023 | 2.18% | -2.64% | 3.04% | 2.15% | -2.37% | 4.74% | 1.67% | -0.94% | -3.91% | -0.30% | 6.80% | 3.05% | 13.71% |
| 2022 | -6.12% | -2.78% | 6.14% | -5.09% | -0.74% | -4.54% | 5.08% | -3.54% | -6.53% | 7.84% | 5.49% | -4.12% | -9.97% |
| 2021 | -0.97% | -0.51% | 4.49% | 5.11% | 0.24% | 2.35% | 4.40% | 2.54% | -5.56% | 7.74% | -1.02% | 5.34% | 26.08% |
| 2020 | 2.11% | -9.23% | -11.91% | 10.09% | 5.06% | 0.40% | 4.67% | 5.55% | -2.91% | -3.83% | 8.37% | 3.43% | 9.63% |
| 2019 | -0.51% | 1.16% | 0.43% | 0.50% | 2.62% | 1.92% | 6.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of QLV is 93, placing it in the top 7% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FlexShares US Quality Low Volatility Index Fund (QLV) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
FlexShares US Quality Low Volatility Index Fund granted a 1.60% dividend yield in the last twelve months. The annual payout for that period amounted to $1.06 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $1.06 | $0.90 | $0.87 | $0.55 | $0.56 | $0.24 |
Dividend yield | 1.60% | 1.60% | 1.74% | 0.96% | 1.24% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares US Quality Low Volatility 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.25 | $0.73 | |||
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.33 | $0.90 |
| 2022 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.33 | $0.87 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 | $0.55 |
| 2020 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.20 | $0.56 |
| 2019 | $0.08 | $0.00 | $0.00 | $0.16 | $0.24 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares US Quality Low Volatility 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 Low Volatility Index Fund was 33.71%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current FlexShares US Quality Low Volatility Index Fund drawdown is 0.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.71% | Feb 20, 2020 | 23 | Mar 23, 2020 | 114 | Sep 2, 2020 | 137 |
| -17.93% | Dec 30, 2021 | 198 | Oct 12, 2022 | 293 | Dec 12, 2023 | 491 |
| -8.5% | Sep 3, 2020 | 41 | Oct 30, 2020 | 11 | Nov 16, 2020 | 52 |
| -6.88% | Sep 7, 2021 | 20 | Oct 4, 2021 | 16 | Oct 26, 2021 | 36 |
| -5.37% | Jan 26, 2021 | 27 | Mar 4, 2021 | 16 | Mar 26, 2021 | 43 |
Volatility
Volatility Chart
The current FlexShares US Quality Low Volatility Index Fund volatility is 2.61%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.