HYGV vs. QLV
Compare and contrast key facts about FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and FlexShares US Quality Low Volatility Index Fund (QLV).
HYGV and QLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018. QLV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Low Volatility Index. It was launched on Jul 15, 2019. Both HYGV and QLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HYGV vs. QLV - Performance Comparison
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HYGV vs. QLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | -0.52% | 7.92% | 8.02% | 12.11% | -12.60% | 5.93% | 8.01% | 4.24% |
QLV FlexShares US Quality Low Volatility Index Fund | 0.10% | 12.28% | 18.08% | 13.71% | -9.97% | 26.08% | 9.63% | 6.24% |
Returns By Period
In the year-to-date period, HYGV achieves a -0.52% return, which is significantly lower than QLV's 0.10% return.
HYGV
- 1D
- 1.03%
- 1M
- -1.10%
- YTD
- -0.52%
- 6M
- 0.76%
- 1Y
- 6.84%
- 3Y*
- 7.84%
- 5Y*
- 3.37%
- 10Y*
- —
QLV
- 1D
- 1.54%
- 1M
- -3.92%
- YTD
- 0.10%
- 6M
- 0.74%
- 1Y
- 10.86%
- 3Y*
- 13.76%
- 5Y*
- 10.52%
- 10Y*
- —
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HYGV vs. QLV - Expense Ratio Comparison
HYGV has a 0.37% expense ratio, which is higher than QLV's 0.22% expense ratio.
Return for Risk
HYGV vs. QLV — Risk / Return Rank
HYGV
QLV
HYGV vs. QLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and FlexShares US Quality Low Volatility Index Fund (QLV). 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.
| HYGV | QLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.86 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.31 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.19 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.19 | +0.30 |
Martin ratioReturn relative to average drawdown | 7.22 | 6.18 | +1.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYGV | QLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.86 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.83 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.65 | -0.12 |
Correlation
The correlation between HYGV and QLV is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HYGV vs. QLV - Dividend Comparison
HYGV's dividend yield for the trailing twelve months is around 7.51%, more than QLV's 1.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.51% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% |
QLV FlexShares US Quality Low Volatility Index Fund | 1.60% | 1.60% | 1.66% | 1.60% | 1.74% | 0.96% | 1.24% | 0.58% | 0.00% |
Drawdowns
HYGV vs. QLV - Drawdown Comparison
The maximum HYGV drawdown since its inception was -23.47%, smaller than the maximum QLV drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for HYGV and QLV.
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Drawdown Indicators
| HYGV | QLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.47% | -33.71% | +10.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -9.75% | +5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -17.93% | +0.81% |
Current DrawdownCurrent decline from peak | -1.60% | -4.29% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -4.08% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.88% | -0.94% |
Volatility
HYGV vs. QLV - Volatility Comparison
The current volatility for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) is 2.30%, while FlexShares US Quality Low Volatility Index Fund (QLV) has a volatility of 3.18%. This indicates that HYGV experiences smaller price fluctuations and is considered to be less risky than QLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYGV | QLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 3.18% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 5.81% | -2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 12.74% | -6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 12.73% | -5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.28% | 16.75% | -7.47% |