IDLV vs. QLVD

Last updated Aug 2, 2026

IDLV (Invesco S&P International Developed Low Volatility ETF) and QLVD (FlexShares Developed Markets ex-US Quality Low Volatility Index Fund) are both exchange-traded funds - IDLV is a Low Volatility fund tracking the S&P BMI International Developed Low Volatility Index, while QLVD is a Quality Factor fund tracking the Northern Trust Developed Markets ex US Quality Low Volatility Index. Both are passively managed. Over the past 5 years, IDLV returned 6.91%/yr vs 7.19%/yr for QLVD. Their correlation of 0.91 means they have usually moved in the same direction. IDLV charges 0.25%/yr vs 0.32%/yr for QLVD.

Performance

IDLV vs. QLVD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Low Volatility ETF (IDLV) and FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDLV achieves a 9.10% return, which is significantly lower than QLVD's 9.60% return.

IDLV

• 1D: -1.22%
• 1M: 4.09%
• 6M: 6.31%
• YTD: 9.10%
• 1Y: 15.74%
• 3Y*: 13.88%
• 5Y*: 6.91%
• 10Y*: 5.61%
• ALL TIME*: 6.26%

QLVD

• 1D: -0.82%
• 1M: 3.92%
• 6M: 7.11%
• YTD: 9.60%
• 1Y: 16.16%
• 3Y*: 13.56%
• 5Y*: 7.19%
• 10Y*: —
• ALL TIME*: 7.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IDLV Invesco S&P International Developed Low Volatility ETF	$787.11K	$670.31K	$1.11M
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund	$72.57K	$53.92K	$58.06K

IDLV vs. QLVD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IDLV Invesco S&P International Developed Low Volatility ETF	9.10%	27.77%	2.15%	9.18%	-12.21%	9.76%	-9.78%	3.50%
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund	9.60%	24.21%	4.67%	11.57%	-12.09%	9.04%	3.00%	6.26%

Correlation

The correlation between IDLV and QLVD is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (All Time) Calculated using the full available price history since Jul 16, 2019	0.91

The correlation between IDLV and QLVD has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

IDLV vs. QLVD - Sectors Allocation Comparison

Sectors	IDLV	QLVD
Financial Services	25.5%	23.5%
Industrials	15.3%	14.7%
Real Estate	15.1%	5.0%
Consumer Defensive	12.3%	11.3%
Utilities	11.7%	7.3%
Communication Services	7.6%	5.3%
Consumer Cyclical	4.1%	4.3%
Healthcare	2.8%	9.5%
Basic Materials	2.7%	3.9%
Energy	2.7%	5.4%
Technology	0.7%	6.7%

Return for Risk

IDLV vs. QLVD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IDLV

IDLV Risk / Return Rank: 66
IDLV Sharpe Ratio Rank: 73
IDLV Sortino Ratio Rank: 74
IDLV Omega Ratio Rank: 73
IDLV Calmar Ratio Rank: 63
IDLV Martin Ratio Rank: 49

QLVD

QLVD Risk / Return Rank: 65
QLVD Sharpe Ratio Rank: 72
QLVD Sortino Ratio Rank: 73
QLVD Omega Ratio Rank: 71
QLVD Calmar Ratio Rank: 60
QLVD Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IDLV vs. QLVD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Low Volatility ETF (IDLV) and FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD). 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.

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.

	IDLV	QLVD	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.63	+0.03
Sortino ratio: Return per unit of downside risk	2.37	2.36	+0.01
Omega ratio: Gain probability vs. loss probability	1.30	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.19	2.12	+0.08
Martin ratio: Return relative to average drawdown	5.68	5.52	+0.16

IDLV vs. QLVD - Sharpe Ratio Comparison

The current IDLV Sharpe Ratio is 1.66, which is comparable to the QLVD Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of IDLV and QLVD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDLV vs. QLVD - Drawdown Comparison

The maximum IDLV drawdown since its inception was -34.65%, which is greater than QLVD's maximum drawdown of -28.20%. Use the drawdown chart below to compare losses from any high point for IDLV and QLVD.

Drawdown Indicators

	IDLV	QLVD	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-28.20%	-6.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.54%	-8.15%	+0.61%
Max Drawdown (3Y) Largest decline over 3 years	-9.97%	-9.18%	-0.79%
Max Drawdown (5Y) Largest decline over 5 years	-22.52%	-23.99%	+1.47%
Max Drawdown (10Y) Largest decline over 10 years	-34.65%	—	—
Current Drawdown Current decline from peak	-1.22%	-0.82%	-0.40%
Average Drawdown Average peak-to-trough decline	-5.92%	-5.20%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	3.12%	-0.22%

Volatility

IDLV vs. QLVD - Volatility Comparison

Invesco S&P International Developed Low Volatility ETF (IDLV) has a higher volatility of 3.10% compared to FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) at 2.93%. This indicates that IDLV's price experiences larger fluctuations and is considered to be riskier than QLVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDLV	QLVD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	2.93%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	8.15%	8.77%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	9.96%	10.60%	-0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.80%	11.77%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.16%	13.90%	-0.74%

IDLV vs. QLVD - Expense Ratio Comparison

IDLV has a 0.25% expense ratio, which is lower than QLVD's 0.32% expense ratio.

Dividends

IDLV vs. QLVD - Dividend Comparison

IDLV's dividend yield for the trailing twelve months is around 4.81%, more than QLVD's 2.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDLV Invesco S&P International Developed Low Volatility ETF	4.81%	4.63%	3.41%	3.59%	4.69%	2.99%	2.30%	4.92%	3.94%	3.05%	3.92%	3.93%
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund	2.93%	2.87%	3.01%	3.33%	2.47%	3.06%	1.78%	1.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDLV and QLVD in my portfolio?

IDLV and QLVD have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDLV or QLVD?

IDLV has higher volatility (3.10%) compared to QLVD (2.93%). In terms of maximum drawdown, IDLV dropped -34.65% vs QLVD's -28.20%.

Which ETF is better, IDLV or QLVD?

On 5-year performance, QLVD leads with 7.19% vs 6.91% for IDLV. On fees, IDLV is cheaper at 0.25% per year. On volatility, QLVD has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDLV or QLVD?

Over the 5-year period, QLVD has performed better with a 7.19% return vs 6.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDLV or QLVD?

IDLV is cheaper with a 0.25% expense ratio, compared with 0.32% for QLVD.

Which ETF pays a higher dividend yield, IDLV or QLVD?

IDLV has the higher dividend yield at 4.81%, compared with 2.93% for QLVD.

What is the main difference between IDLV and QLVD?

IDLV is categorized as Low Volatility, while QLVD is Quality Factor. IDLV tracks S&P BMI International Developed Low Volatility Index, while QLVD tracks Northern Trust Developed Markets ex US Quality Low Volatility Index. They also come from different issuers: Invesco and Northern Trust. Their fees differ too: 0.25% for IDLV and 0.32% for QLVD.

Which has better risk-adjusted returns?

IDLV currently has the higher Sharpe Ratio (1.66 vs 1.63), 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.