- ISIN
- US33939L6478
- CUSIP
- 33939L647
- Issuer
- Northern Trust
- Inception Date
- Jul 15, 2019
- Region
- Developed Markets (Broad)
- Category
- Volatility Hedged Equity
- Leveraged
- 1x (No leverage)
- Index Tracked
- Northern Trust Developed Markets ex US Quality Low Volatility Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $52M
Share Price Chart
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Performance
QLVD Performance Chart
FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) is up 3.1% since the beginning of the year. QLVD is currently trading at $32 per share. Investors who bought $1,000 worth of QLVD shares 5 years ago would now be looking at an investment worth $1,341.
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Returns By Period
FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) has returned 3.09% so far this year and 9.12% over the past 12 months.
FlexShares Developed Markets ex-US Quality Low Volatility Index Fund
- 1D
- -0.38%
- 1M
- -1.72%
- YTD
- 3.09%
- 6M
- 3.37%
- 1Y
- 9.12%
- 3Y*
- 11.82%
- 5Y*
- 6.04%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
QLVD Monthly Returns History
Based on dividend-adjusted daily data since Jul 16, 2019, QLVD's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, an investment would double in approximately 9.5 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +9.7%, while the worst month was Mar 2020 at -10.2%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QLVD closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +6.5%, while the worst single day was Mar 12, 2020 at -9.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.32% | 6.96% | -5.62% | 1.64% | -0.83% | -0.99% | 3.09% | ||||||
| 2025 | 3.31% | 3.48% | 2.23% | 5.69% | 2.35% | 1.74% | -3.40% | 4.47% | -0.98% | -0.89% | 2.30% | 1.92% | 24.21% |
| 2024 | -0.40% | 1.18% | 2.04% | -2.34% | 3.61% | -0.95% | 4.76% | 4.54% | 0.45% | -4.17% | 0.11% | -3.75% | 4.67% |
| 2023 | 5.39% | -3.30% | 3.85% | 3.95% | -4.59% | 2.95% | 1.67% | -2.81% | -2.58% | -2.57% | 5.76% | 4.09% | 11.57% |
| 2022 | -3.94% | -2.08% | 0.73% | -4.37% | -0.16% | -4.81% | 3.51% | -5.25% | -7.42% | 3.16% | 9.38% | -0.34% | -12.09% |
| 2021 | -1.02% | -1.83% | 3.87% | 1.90% | 4.08% | -0.70% | 1.31% | 1.34% | -4.18% | 3.07% | -2.19% | 3.44% | 9.04% |
Benchmark Metrics
FlexShares Developed Markets ex-US Quality Low Volatility Index Fund has an annualized alpha of -0.73%, beta of 0.54, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since July 16, 2019.
- This ETF participated in 64.95% of S&P 500 Index downside but only 49.26% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.54 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.73%
- Beta
- 0.54
- R²
- 0.61
- Upside Capture
- 49.26%
- Downside Capture
- 64.95%
Expense Ratio
QLVD has an expense ratio of 0.32%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QLVD ranks 24 for risk / return — below 24% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) 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.
| QLVD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.78 | -1.66 |
| Martin ratioReturn relative to average drawdown | 3.08 | 12.44 | -9.36 |
Dividends
Dividend History
FlexShares Developed Markets ex-US Quality Low Volatility Index Fund provided a 3.11% dividend yield over the last twelve months, with an annual payout of $1.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.00 | $0.91 | $0.79 | $0.87 | $0.59 | $0.86 | $0.47 | $0.28 |
Dividend yield | 3.11% | 2.87% | 3.01% | 3.33% | 2.47% | 3.06% | 1.78% | 1.06% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Developed Markets ex-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 | $0.05 | $0.00 | $0.00 | $0.51 | $0.56 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.28 | $0.91 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.19 | $0.79 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.24 | $0.87 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.59 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.26 | $0.86 |
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 Developed Markets ex-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 Developed Markets ex-US Quality Low Volatility Index Fund was 28.20%, occurring on Mar 23, 2020. Recovery took 186 trading sessions.
The current FlexShares Developed Markets ex-US Quality Low Volatility Index Fund drawdown is 5.80%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -28.20%Mar 2020 | 1mo 2d | 8mo 27d | 9mo 29dFeb 2020 - Dec 2020 |
Bear market2022 | -23.99%Oct 2022 | 1y 1mo | 1y 5mo | 2y 6moSep 2021 - Mar 2024 |
2025 pullback2025 | -9.18%Jan 2025 | 3mo 18d | 1mo 21d | 5mo 9dSep 2024 - Mar 2025 |
2026 pullback2026 | -8.15%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2025 selloff2025 | -7.88%Apr 2025 | 19d | 7d | 26dMar 2025 - Apr 2025 |
Drawdown Indicators
| QLVD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.20% | -56.78% | +28.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -9.10% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -9.24% | -18.90% | +9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -23.99% | -25.43% | +1.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.80% | -1.80% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -10.71% | +5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.03% | +0.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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