- ISIN
- US33939L6544
- CUSIP
- 33939L654
- Issuer
- Northern Trust
- Inception Date
- Jul 15, 2019
- Region
- North America (U.S.)
- Category
- Quality Factor, Low Volatility
- Leveraged
- 1x (No leverage)
- Index Tracked
- Northern Trust Quality Low Volatility Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $164M
Highlights
- Avg. Volume (1M)
- 6K
- Avg. Volume Value (1M)
- $481.55K
Share Price Chart
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Performance
QLV Performance Chart
FlexShares US Quality Low Volatility Index Fund (QLV) is up 9.6% since the beginning of the year. QLV is currently trading at $78 per share. Investors who bought $1,000 worth of QLV shares 5 years ago would now be looking at an investment worth $1,614.
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Returns By Period
FlexShares US Quality Low Volatility Index Fund (QLV) has returned 9.55% so far this year and 16.70% over the past 12 months.
FlexShares US Quality Low Volatility Index Fund
- 1D
- 0.50%
- 1M
- 1.91%
- 6M
- 6.89%
- YTD
- 9.55%
- 1Y
- 16.70%
- 3Y*
- 15.60%
- 5Y*
- 10.05%
- 10Y*
- —
- ALL TIME*
- 11.67%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
QLV Monthly Returns History
Based on dividend-adjusted daily data since Jul 16, 2019, QLV's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +10.1%, while the worst month was Mar 2020 at -11.9%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QLV closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +8.2%, while the worst single day was Mar 16, 2020 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.06% | 2.08% | -3.92% | 3.76% | 1.88% | -0.23% | 3.27% | 0.50% | 9.55% | ||||
| 2025 | 1.79% | 1.49% | -1.87% | -1.45% | 3.26% | 1.95% | 0.68% | 3.00% | 2.29% | -0.79% | 2.35% | -0.88% | 12.28% |
| 2024 | 2.49% | 3.44% | 2.61% | -3.72% | 3.91% | 2.69% | 1.84% | 3.49% | 1.62% | -1.43% | 3.88% | -3.66% | 18.08% |
| 2023 | 2.18% | -2.64% | 3.04% | 2.15% | -2.37% | 4.73% | 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% | 5.07% | -3.54% | -6.53% | 7.83% | 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% |
Benchmark Metrics
FlexShares US Quality Low Volatility Index Fund has an annualized alpha of 0.79%, beta of 0.77, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since July 16, 2019.
- This ETF participated in 76.22% of S&P 500 Index downside but only 72.83% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.79%
- Beta
- 0.77
- R²
- 0.87
- Upside Capture
- 72.83%
- Downside Capture
- 76.22%
Expense Ratio
QLV has an expense ratio of 0.22%, which is considered low.
Return for Risk
Risk / Return Rank
QLV ranks 83 for risk / return — above 83% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for FlexShares US Quality Low Volatility Index Fund (QLV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QLV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.41 | +0.30 |
| Martin ratioReturn relative to average drawdown | 11.17 | 10.22 | +0.95 |
Dividends
Dividend History
FlexShares US Quality Low Volatility Index Fund provided a 1.52% dividend yield over the last twelve months, with an annual payout of $1.19 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.19 | $1.15 | $1.08 | $0.90 | $0.87 | $0.55 | $0.56 | $0.24 |
Dividend yield | 1.52% | 1.60% | 1.66% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.54 | ||||
| 2025 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.36 | $1.15 |
| 2024 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.35 | $1.08 |
| 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 |
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.
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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.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-33.71%Mar 2020 | 1mo 2d | 5mo 13d | 6mo 15dFeb 2020 - Sep 2020 | COVID crash2020 |
-17.93%Oct 2022 | 9mo 16d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 | Bear market2022 |
-12.05%Apr 2025 | 4mo 3d | 2mo 3d | 6mo 6dDec 2024 - Jun 2025 | 2025 selloff2025 |
-8.50%Oct 2020 | 1mo 27d | 17d | 2mo 14dSep 2020 - Nov 2020 | — |
-6.88%Oct 2021 | 27d | 22d | 1mo 19dSep 2021 - Oct 2021 | — |
Drawdown Indicators
| QLV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -56.78% | +23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -9.10% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -12.05% | -18.90% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | -25.43% | +7.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -10.70% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 2.14% | -0.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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