QLVD vs. DFIV

Last updated Apr 1, 2026

Compare and contrast key facts about FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) and Dimensional International Value ETF (DFIV).

QLVD and DFIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLVD is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Developed Markets ex US Quality Low Volatility Index. It was launched on Jul 15, 2019. DFIV is an actively managed fund by Dimensional. It was launched on Apr 16, 1999.

Performance

QLVD vs. DFIV - Performance Comparison

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

QLVD vs. DFIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund	3.29%	24.21%	4.67%	11.57%	-12.09%	-1.08%
DFIV Dimensional International Value ETF	5.98%	45.36%	7.26%	17.75%	-3.70%	0.08%

Returns By Period

In the year-to-date period, QLVD achieves a 3.29% return, which is significantly lower than DFIV's 5.98% return.

QLVD

• 1D: 2.09%
• 1M: -5.62%
• YTD: 3.29%
• 6M: 6.74%
• 1Y: 17.40%
• 3Y*: 12.29%
• 5Y*: 7.17%
• 10Y*: —

DFIV

• 1D: 2.74%
• 1M: -5.65%
• YTD: 5.98%
• 6M: 15.53%
• 1Y: 38.38%
• 3Y*: 22.24%
• 5Y*: —
• 10Y*: —

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

QLVD vs. DFIV - Expense Ratio Comparison

QLVD has a 0.32% expense ratio, which is higher than DFIV's 0.27% expense ratio.

QLVD

FlexShares Developed Markets ex-US Quality Low Volatility Index Fund

DFIV

Dimensional International Value ETF

Return for Risk

QLVD vs. DFIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QLVD

QLVD Risk / Return Rank: 77
QLVD Sharpe Ratio Rank: 77
QLVD Sortino Ratio Rank: 79
QLVD Omega Ratio Rank: 75
QLVD Calmar Ratio Rank: 79
QLVD Martin Ratio Rank: 77

DFIV

DFIV Risk / Return Rank: 94
DFIV Sharpe Ratio Rank: 94
DFIV Sortino Ratio Rank: 95
DFIV Omega Ratio Rank: 95
DFIV Calmar Ratio Rank: 91
DFIV Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QLVD vs. DFIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) and Dimensional International Value ETF (DFIV). 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.

	QLVD	DFIV	Difference
Sharpe ratio Return per unit of total volatility	1.41	2.25	-0.84
Sortino ratio Return per unit of downside risk	2.00	2.94	-0.94
Omega ratio Gain probability vs. loss probability	1.28	1.46	-0.18
Calmar ratio Return relative to maximum drawdown	2.11	3.08	-0.97
Martin ratio Return relative to average drawdown	8.00	13.72	-5.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QLVD vs. DFIV - Sharpe Ratio Comparison

The current QLVD Sharpe Ratio is 1.41, which is lower than the DFIV Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of QLVD and DFIV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QLVD	DFIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	2.25	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.89	-0.39

Correlation

The correlation between QLVD and DFIV is 0.84, 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

QLVD vs. DFIV - Dividend Comparison

QLVD's dividend yield for the trailing twelve months is around 2.77%, more than DFIV's 2.69% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund	2.77%	2.87%	3.01%	3.33%	2.47%	3.06%	1.78%	1.06%
DFIV Dimensional International Value ETF	2.69%	2.92%	3.88%	3.93%	3.84%	2.30%	0.00%	0.00%

Drawdowns

QLVD vs. DFIV - Drawdown Comparison

The maximum QLVD drawdown since its inception was -28.20%, which is greater than DFIV's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for QLVD and DFIV.

Drawdown Indicators

	QLVD	DFIV	Difference
Max Drawdown Largest peak-to-trough decline	-28.20%	-25.42%	-2.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	-12.12%	+3.97%
Max Drawdown (5Y) Largest decline over 5 years	-23.99%	—	—
Current Drawdown Current decline from peak	-5.62%	-5.95%	+0.33%
Average Drawdown Average peak-to-trough decline	-5.27%	-4.58%	-0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.72%	-0.58%

Volatility

QLVD vs. DFIV - Volatility Comparison

The current volatility for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) is 5.23%, while Dimensional International Value ETF (DFIV) has a volatility of 6.81%. This indicates that QLVD experiences smaller price fluctuations and is considered to be less risky than DFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QLVD	DFIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	6.81%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	7.71%	10.46%	-2.75%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	17.16%	-4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.68%	16.71%	-5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.02%	16.71%	-2.69%