GFLW vs. QLC
GFLW (VictoryShares Free Cash Flow Growth ETF) and QLC (FlexShares US Quality Large Cap Index Fund) are both exchange-traded funds - GFLW is a Large Cap Growth Equities fund tracking the Victory Free Cash Flow Growth Index, while QLC is a Large Cap Blend Equities fund tracking the Northern Trust Quality Large Cap Index. Both are passively managed. Over the past year, GFLW returned 29.44% vs 33.09% for QLC. Their correlation of 0.87 suggests significant overlap in exposure. GFLW charges 0.39%/yr vs 0.25%/yr for QLC.
Performance
GFLW vs. QLC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GFLW achieves a 16.55% return, which is significantly higher than QLC's 11.39% return.
GFLW
- 1D
- -0.19%
- 1M
- 10.36%
- YTD
- 16.55%
- 6M
- 15.42%
- 1Y
- 29.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QLC
- 1D
- -0.74%
- 1M
- 5.38%
- YTD
- 11.39%
- 6M
- 11.88%
- 1Y
- 33.09%
- 3Y*
- 25.39%
- 5Y*
- 15.29%
- 10Y*
- 14.83%
GFLW vs. QLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GFLW VictoryShares Free Cash Flow Growth ETF | 16.55% | 18.40% | -6.12% |
QLC FlexShares US Quality Large Cap Index Fund | 11.39% | 23.26% | -3.12% |
Correlation
The correlation between GFLW and QLC is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.87 |
The correlation between GFLW and QLC has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GFLW vs. QLC — Risk / Return Rank
GFLW
QLC
GFLW vs. QLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Free Cash Flow Growth ETF (GFLW) and FlexShares US Quality Large Cap Index Fund (QLC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GFLW | QLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.48 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 3.76 | -1.78 |
| Martin ratioReturn relative to average drawdown | 6.72 | 17.59 | -10.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GFLW | QLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 2.69 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.80 | -0.02 |
Drawdowns
GFLW vs. QLC - Drawdown Comparison
The maximum GFLW drawdown since its inception was -24.14%, smaller than the maximum QLC drawdown of -35.86%. Use the drawdown chart below to compare losses from any high point for GFLW and QLC.
Loading charts...
Drawdown Indicators
| GFLW | QLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.14% | -35.86% | +11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -8.84% | -6.11% |
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 | -0.19% | -0.74% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -4.54% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 1.89% | +2.50% |
Volatility
GFLW vs. QLC - Volatility Comparison
VictoryShares Free Cash Flow Growth ETF (GFLW) has a higher volatility of 5.44% compared to FlexShares US Quality Large Cap Index Fund (QLC) at 2.94%. This indicates that GFLW's price experiences larger fluctuations and is considered to be riskier than QLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GFLW | QLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 2.94% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 9.51% | +5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.30% | 12.38% | +6.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.57% | 16.82% | +7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.57% | 18.42% | +6.15% |
GFLW vs. QLC - Expense Ratio Comparison
GFLW has a 0.39% expense ratio, which is higher than QLC's 0.25% expense ratio.
Dividends
GFLW vs. QLC - Dividend Comparison
GFLW's dividend yield for the trailing twelve months is around 0.01%, less than QLC's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFLW VictoryShares Free Cash Flow Growth ETF | 0.01% | 0.02% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLC FlexShares US Quality Large Cap Index Fund | 0.88% | 0.94% | 1.03% | 1.26% | 1.46% | 0.96% | 1.40% | 1.91% | 1.82% | 1.29% | 1.80% | 0.64% |
Frequently Asked Questions
GFLW and QLC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFLW has higher volatility (5.44%) compared to QLC (2.94%). In terms of maximum drawdown, GFLW dropped -24.14% vs QLC's -35.86%.
On 1-year performance, QLC leads with 33.09% vs 29.44% for GFLW. On fees, QLC is cheaper at 0.25% per year. On volatility, QLC has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QLC has performed better with a 33.09% return vs 29.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QLC is cheaper with a 0.25% expense ratio, compared with 0.39% for GFLW.
QLC has the higher dividend yield at 0.88%, compared with 0.01% for GFLW.
GFLW is categorized as Large Cap Growth Equities, while QLC is Large Cap Blend Equities. GFLW tracks Victory Free Cash Flow Growth Index, while QLC tracks Northern Trust Quality Large Cap Index. They also come from different issuers: Victory and Northern Trust. Their fees differ too: 0.39% for GFLW and 0.25% for QLC.
QLC currently has the higher Sharpe Ratio (2.69 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for GFLW and QLC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer