QLV vs. ^GSPC
Compare and contrast key facts about FlexShares US Quality Low Volatility Index Fund (QLV) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLV or ^GSPC.
Key characteristics
| QLV | ^GSPC | |
|---|---|---|
| YTD Return | 5.27% | 6.17% |
| 1Y Return | 15.34% | 23.80% |
| 3Y Return (Ann) | 7.73% | 6.51% |
| Sharpe Ratio | 1.68 | 1.97 |
| Daily Std Dev | 8.96% | 11.66% |
| Max Drawdown | -33.71% | -56.78% |
| Current Drawdown | -3.22% | -3.62% |
Correlation
The correlation between QLV and ^GSPC is 0.92, 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. ^GSPC - Performance Comparison
In the year-to-date period, QLV achieves a 5.27% return, which is significantly lower than ^GSPC's 6.17% 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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Risk-Adjusted Performance
QLV vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares US Quality Low Volatility Index Fund (QLV) and S&P 500 (^GSPC). 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.
Drawdowns
QLV vs. ^GSPC - Drawdown Comparison
The maximum QLV drawdown since its inception was -33.71%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for QLV and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
QLV vs. ^GSPC - Volatility Comparison
The current volatility for FlexShares US Quality Low Volatility Index Fund (QLV) is 2.49%, while S&P 500 (^GSPC) has a volatility of 4.05%. This indicates that QLV experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.