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.
Performance
QLV vs. VMVFX - Performance Comparison
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QLV vs. VMVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QLV FlexShares US Quality Low Volatility Index Fund | 0.10% | 12.28% | 18.08% | 13.71% | -9.97% | 26.08% | 9.63% | 6.24% |
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares | 1.71% | 12.74% | 13.38% | 7.82% | -4.48% | 23.74% | -3.99% | 5.01% |
Returns By Period
In the year-to-date period, QLV achieves a 0.10% return, which is significantly lower than VMVFX's 1.71% return.
QLV
- 1D
- 1.54%
- 1M
- -3.92%
- YTD
- 0.10%
- 6M
- 0.74%
- 1Y
- 10.86%
- 3Y*
- 13.76%
- 5Y*
- 10.52%
- 10Y*
- —
VMVFX
- 1D
- 0.25%
- 1M
- -5.81%
- YTD
- 1.71%
- 6M
- 2.90%
- 1Y
- 8.07%
- 3Y*
- 11.40%
- 5Y*
- 9.94%
- 10Y*
- 9.02%
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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%.
Return for Risk
QLV vs. VMVFX — Risk / Return Rank
QLV
VMVFX
QLV vs. VMVFX - Risk-Adjusted Trends 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.
| QLV | VMVFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.90 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.30 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.06 | +0.13 |
Martin ratioReturn relative to average drawdown | 6.18 | 5.20 | +0.99 |
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
| QLV | VMVFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.90 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.93 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.78 | -0.13 |
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.
Dividends
QLV vs. VMVFX - Dividend Comparison
QLV's dividend yield for the trailing twelve months is around 1.60%, less than VMVFX's 9.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares | 9.81% | 9.98% | 3.77% | 3.05% | 4.96% | 12.73% | 2.02% | 5.12% | 7.27% | 2.30% | 2.71% | 3.22% |
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.
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Drawdown Indicators
| QLV | VMVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -33.09% | -0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.75% | -7.96% | -1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | -13.02% | -4.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.09% | — |
Current DrawdownCurrent decline from peak | -4.29% | -6.03% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -2.84% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.63% | +0.25% |
Volatility
QLV vs. VMVFX - Volatility Comparison
FlexShares US Quality Low Volatility Index Fund (QLV) has a higher volatility of 3.18% compared to Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) at 2.61%. 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.
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Volatility by Period
| QLV | VMVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 2.61% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 5.81% | 4.87% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 10.02% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.73% | 10.75% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 12.48% | +4.27% |