Correlation
The correlation between QLVD and EFAV is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
QLVD vs. EFAV
Compare and contrast key facts about FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) and iShares Edge MSCI Min Vol EAFE ETF (EFAV).
QLVD and EFAV 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. EFAV is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Minimum Volatility Index. It was launched on Oct 18, 2011. Both QLVD and EFAV 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: QLVD or EFAV.
Performance
QLVD vs. EFAV - Performance Comparison
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Key characteristics
QLVD:
1.67
EFAV:
1.91
QLVD:
2.30
EFAV:
2.47
QLVD:
1.31
EFAV:
1.34
QLVD:
2.13
EFAV:
2.61
QLVD:
5.27
EFAV:
6.44
QLVD:
3.71%
EFAV:
3.50%
QLVD:
12.16%
EFAV:
12.29%
QLVD:
-28.20%
EFAV:
-27.56%
QLVD:
-0.38%
EFAV:
-0.04%
Returns By Period
In the year-to-date period, QLVD achieves a 18.21% return, which is significantly lower than EFAV's 19.42% return.
QLVD
18.21%
2.34%
13.78%
20.18%
10.29%
8.53%
N/A
EFAV
19.42%
2.44%
15.67%
23.22%
10.76%
7.72%
5.25%
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QLVD vs. EFAV - Expense Ratio Comparison
QLVD has a 0.32% expense ratio, which is higher than EFAV's 0.20% expense ratio.
Risk-Adjusted Performance
QLVD vs. EFAV — Risk-Adjusted Performance Rank
QLVD
EFAV
QLVD vs. EFAV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) and iShares Edge MSCI Min Vol EAFE ETF (EFAV). 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.
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Dividends
QLVD vs. EFAV - Dividend Comparison
QLVD's dividend yield for the trailing twelve months is around 2.65%, less than EFAV's 2.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund | 2.65% | 3.01% | 3.33% | 2.47% | 3.06% | 1.78% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EFAV iShares Edge MSCI Min Vol EAFE ETF | 2.71% | 3.24% | 3.07% | 2.53% | 2.47% | 1.33% | 4.19% | 3.34% | 2.45% | 3.94% | 2.49% | 3.57% |
Drawdowns
QLVD vs. EFAV - Drawdown Comparison
The maximum QLVD drawdown since its inception was -28.20%, roughly equal to the maximum EFAV drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for QLVD and EFAV.
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Volatility
QLVD vs. EFAV - Volatility Comparison
The current volatility for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) is 2.97%, while iShares Edge MSCI Min Vol EAFE ETF (EFAV) has a volatility of 3.60%. This indicates that QLVD experiences smaller price fluctuations and is considered to be less risky than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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