QLV vs. VMVFX
Compare and contrast key facts about FlexShares US Quality Low Volatility Index Fund (QLV) and Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX).
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. VMVFX is managed by Vanguard. It was launched on Dec 12, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLV or VMVFX.
Key characteristics
| QLV | VMVFX | |
|---|---|---|
| YTD Return | 19.07% | 15.20% |
| 1Y Return | 28.75% | 21.15% |
| 3Y Return (Ann) | 10.03% | 7.46% |
| 5Y Return (Ann) | 12.06% | 5.73% |
| Sharpe Ratio | 2.83 | 2.10 |
| Daily Std Dev | 9.48% | 9.32% |
| Max Drawdown | -33.71% | -33.09% |
| Current Drawdown | -0.29% | -0.73% |
Correlation
The correlation between QLV and VMVFX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QLV vs. VMVFX - Performance Comparison
In the year-to-date period, QLV achieves a 19.07% return, which is significantly higher than VMVFX's 15.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QLV vs. VMVFX - Expense Ratio Comparison
QLV has a 0.22% expense ratio, which is higher than VMVFX's 0.21% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
QLV vs. VMVFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares US Quality Low Volatility Index Fund (QLV) and Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX). 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.
Dividends
QLV vs. VMVFX - Dividend Comparison
QLV's dividend yield for the trailing twelve months is around 1.60%, less than VMVFX's 2.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLV FlexShares US Quality Low Volatility Index Fund | 1.60% | 1.60% | 1.74% | 0.96% | 1.24% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares | 2.65% | 3.05% | 4.96% | 3.42% | 2.02% | 5.12% | 7.27% | 2.30% | 2.71% | 3.22% | 6.19% | 0.23% |
Drawdowns
QLV vs. VMVFX - Drawdown Comparison
The maximum QLV drawdown since its inception was -33.71%, roughly equal to the maximum VMVFX drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for QLV and VMVFX. For additional features, visit the drawdowns tool.
Volatility
QLV vs. VMVFX - Volatility Comparison
FlexShares US Quality Low Volatility Index Fund (QLV) has a higher volatility of 2.77% compared to Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) at 2.26%. This indicates that QLV's price experiences larger fluctuations and is considered to be riskier than VMVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.