- ISIN
- US33939L6395
- CUSIP
- 33939L639
- Issuer
- Northern Trust
- Inception Date
- Jul 15, 2019
- Region
- Broad Asia (Pacific ex-Japan)
- Category
- Volatility Hedged Equity
- Leveraged
- 1x (No leverage)
- Index Tracked
- Northern Trust Emerging Markets Quality Low Volatility Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $17M
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
QLVE Performance Chart
FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) is up 19.5% since the beginning of the year. QLVE is currently trading at $35 per share. Investors who bought $1,000 worth of QLVE shares 5 years ago would now be looking at an investment worth $1,469.
Loading charts...
Returns By Period
FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) has returned 19.51% so far this year and 34.58% over the past 12 months.
FlexShares Emerging Markets Quality Low Volatility Index Fund
- 1D
- 0.16%
- 1M
- 6.58%
- YTD
- 19.51%
- 6M
- 20.69%
- 1Y
- 34.58%
- 3Y*
- 18.82%
- 5Y*
- 7.99%
- 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%
QLVE Monthly Returns History
Based on dividend-adjusted daily data since Jul 16, 2019, QLVE's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2022 with a return of +10.5%, while the worst month was Mar 2020 at -13.9%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, QLVE closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +5.7%, while the worst single day was Mar 12, 2020 at -9.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.38% | 3.63% | -7.54% | 8.89% | 5.47% | 3.07% | 19.51% | ||||||
| 2025 | 1.07% | -0.33% | 1.52% | 1.62% | 2.38% | 4.96% | 0.34% | 1.02% | 4.19% | 3.17% | -1.27% | 1.45% | 21.87% |
| 2024 | -1.01% | 3.48% | 0.81% | -0.50% | 1.69% | 2.65% | 2.06% | 2.55% | 4.74% | -3.53% | -1.71% | -1.18% | 10.17% |
| 2023 | 4.84% | -5.64% | 3.90% | 0.29% | -1.58% | 3.43% | 3.38% | -4.33% | -1.80% | -1.91% | 5.15% | 3.22% | 8.53% |
| 2022 | 2.06% | -2.59% | -1.76% | -2.79% | -1.09% | -4.93% | 0.04% | -0.68% | -8.81% | -1.42% | 10.45% | -1.34% | -13.10% |
| 2021 | 2.40% | 0.31% | 0.36% | 0.54% | 0.29% | 0.88% | -4.62% | 3.26% | -3.11% | 1.13% | -2.68% | 2.46% | 0.90% |
Benchmark Metrics
FlexShares Emerging Markets Quality Low Volatility Index Fund has an annualized alpha of -0.23%, beta of 0.59, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since July 16, 2019.
- This ETF participated in 62.18% of S&P 500 Index downside but only 50.47% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.59 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
- -0.23%
- Beta
- 0.59
- R²
- 0.54
- Upside Capture
- 50.47%
- Downside Capture
- 62.18%
Expense Ratio
QLVE has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QLVE ranks 63 for risk / return — better than 63% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) 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.
| QLVE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 2.78 | +0.21 |
| Martin ratioReturn relative to average drawdown | 11.52 | 12.44 | -0.92 |
Dividends
Dividend History
FlexShares Emerging Markets Quality Low Volatility Index Fund provided a 2.53% dividend yield over the last twelve months, with an annual payout of $0.88 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.88 | $0.92 | $0.78 | $0.70 | $0.55 | $0.67 | $0.44 | $0.33 |
Dividend yield | 2.53% | 3.14% | 3.11% | 3.00% | 2.48% | 2.57% | 1.66% | 1.27% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Emerging Markets 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 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 | ||||||
| 2025 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.44 | $0.92 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.52 | $0.78 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.09 | $0.70 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.06 | $0.55 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.25 | $0.67 |
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 Emerging Markets 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 Emerging Markets Quality Low Volatility Index Fund was 29.96%, occurring on Mar 23, 2020. Recovery took 174 trading sessions.
The current FlexShares Emerging Markets Quality Low Volatility Index Fund drawdown is 0.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -29.96%Mar 2020 | 2mo 9d | 8mo 9d | 10mo 18dJan 2020 - Nov 2020 |
Bear market2022 | -25.84%Oct 2022 | 1y 8mo | 1y 11mo | 3y 7moFeb 2021 - Sep 2024 |
2025 selloff2025 | -13.29%Apr 2025 | 6mo 13d | 2mo 2d | 8mo 15dSep 2024 - Jun 2025 |
2026 correction2026 | -11.60%Mar 2026 | 1mo 2d | 1mo 6d | 2mo 8dFeb 2026 - May 2026 |
2019 pullback2019 | -7.32%Aug 2019 | 29d | 2mo 15d | 3mo 14dJul 2019 - Oct 2019 |
Drawdown Indicators
| QLVE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -56.78% | +26.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -9.10% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -13.29% | -18.90% | +5.61% |
Max Drawdown (5Y)Largest decline over 5 years | -23.86% | -25.43% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.08% | -1.80% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -10.71% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.03% | +0.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with QLVE
Add FlexShares Emerging Markets Quality Low Volatility 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 QLVE