QLV vs. XRLV
Compare and contrast key facts about FlexShares US Quality Low Volatility Index Fund (QLV) and Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF (XRLV).
QLV and XRLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. XRLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Rate Response (USD) TR. It was launched on Apr 9, 2015. Both QLV and XRLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLV or XRLV.
Performance
QLV vs. XRLV - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with QLV having a 19.28% return and XRLV slightly lower at 18.42%.
QLV
19.28%
-1.96%
8.59%
24.18%
11.83%
N/A
XRLV
18.42%
-0.07%
11.81%
22.67%
8.81%
N/A
Key characteristics
| QLV | XRLV | |
|---|---|---|
| Sharpe Ratio | 2.80 | 2.54 |
| Sortino Ratio | 3.83 | 3.56 |
| Omega Ratio | 1.53 | 1.46 |
| Calmar Ratio | 5.26 | 2.83 |
| Martin Ratio | 18.55 | 16.16 |
| Ulcer Index | 1.34% | 1.41% |
| Daily Std Dev | 8.87% | 8.95% |
| Max Drawdown | -33.71% | -38.31% |
| Current Drawdown | -2.12% | -0.78% |
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QLV vs. XRLV - Expense Ratio Comparison
QLV has a 0.22% expense ratio, which is lower than XRLV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between QLV and XRLV is 0.87, 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.
Risk-Adjusted Performance
QLV vs. XRLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares US Quality Low Volatility Index Fund (QLV) and Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF (XRLV). 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. XRLV - Dividend Comparison
QLV's dividend yield for the trailing twelve months is around 1.59%, less than XRLV's 1.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLV FlexShares US Quality Low Volatility Index Fund | 1.59% | 1.60% | 1.74% | 0.97% | 1.24% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
XRLV Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF | 1.91% | 2.56% | 1.96% | 1.26% | 1.66% | 1.66% | 1.76% | 1.40% | 1.71% | 1.07% |
Drawdowns
QLV vs. XRLV - Drawdown Comparison
The maximum QLV drawdown since its inception was -33.71%, smaller than the maximum XRLV drawdown of -38.31%. Use the drawdown chart below to compare losses from any high point for QLV and XRLV. For additional features, visit the drawdowns tool.
Volatility
QLV vs. XRLV - Volatility Comparison
FlexShares US Quality Low Volatility Index Fund (QLV) and Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF (XRLV) have volatilities of 2.91% and 2.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.