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QLVD vs. IDLV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QLVD vs. IDLV

Last updated Apr 1, 2026

Compare and contrast key facts about FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) and Invesco S&P International Developed Low Volatility ETF (IDLV).

QLVD and IDLV 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. IDLV is a passively managed fund by Invesco that tracks the performance of the S&P BMI International Developed Low Volatility Index. It was launched on Jan 13, 2012. Both QLVD and IDLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QLVD vs. IDLV - 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 Invesco S&P International Developed Low Volatility ETF (IDLV). The values are adjusted to include any dividend payments, if applicable.

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QLVD vs. IDLV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
QLVD
FlexShares Developed Markets ex-US Quality Low Volatility Index Fund		3.29%24.21%4.67%11.57%-12.09%9.04%3.00%6.35%
IDLV
Invesco S&P International Developed Low Volatility ETF		2.47%27.77%2.15%9.18%-12.21%9.76%-9.78%4.07%

Returns By Period

In the year-to-date period, QLVD achieves a 3.29% return, which is significantly higher than IDLV's 2.47% return.

QLVD

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

IDLV

1D
1.48%
1M
-5.83%
YTD
2.47%
6M
5.65%
1Y
19.23%
3Y*
12.19%
5Y*
6.48%
10Y*
5.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FlexShares Developed Markets ex-US Quality Low Volatility Index Fund

Invesco S&P International Developed Low Volatility ETF

Often compared with QLVD:
QLVD vs. JEPIQLVD vs. DEEFQLVD vs. EFAVQLVD vs. SCHYQLVD vs. LVHIQLVD vs. LGLVQLVD vs. HDMV
Often compared with IDLV:
IDLV vs. XMU.TOIDLV vs. SCHYIDLV vs. SPLVIDLV vs. LVHIIDLV vs. VIGIIDLV vs. ACWVIDLV vs. MDIJX

QLVD vs. IDLV - Expense Ratio Comparison

QLVD has a 0.32% expense ratio, which is higher than IDLV's 0.25% expense ratio.

QLVD
FlexShares Developed Markets ex-US Quality Low Volatility Index Fund
IDLV
Invesco S&P International Developed Low Volatility ETF

Return for Risk

QLVD vs. IDLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QLVD
QLVD Risk / Return Rank: 7777
Overall Rank
QLVD Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
QLVD Sortino Ratio Rank: 7979
Sortino Ratio Rank
QLVD Omega Ratio Rank: 7575
Omega Ratio Rank
QLVD Calmar Ratio Rank: 7979
Calmar Ratio Rank
QLVD Martin Ratio Rank: 7777
Martin Ratio Rank
IDLV
IDLV Risk / Return Rank: 8383
Overall Rank
IDLV Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
IDLV Sortino Ratio Rank: 8383
Sortino Ratio Rank
IDLV Omega Ratio Rank: 8383
Omega Ratio Rank
IDLV Calmar Ratio Rank: 8383
Calmar Ratio Rank
IDLV Martin Ratio Rank: 8282
Martin Ratio Rank
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. IDLV - 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 Invesco S&P International Developed Low Volatility ETF (IDLV). 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.

QLVDIDLVDifference

Sharpe ratio

Return per unit of total volatility

1.41

1.55

-0.14

Sortino ratio

Return per unit of downside risk

2.00

2.16

-0.16

Omega ratio

Gain probability vs. loss probability

1.28

1.32

-0.04

Calmar ratio

Return relative to maximum drawdown

2.11

2.33

-0.23

Martin ratio

Return relative to average drawdown

8.00

8.87

-0.87

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. IDLV - Sharpe Ratio Comparison

The current QLVD Sharpe Ratio is 1.41, which is comparable to the IDLV Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of QLVD and IDLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QLVDIDLVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.41

1.55

-0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.56

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.41

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.45

+0.05

Correlation

The correlation between QLVD and IDLV is 0.91, 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. IDLV - Dividend Comparison

QLVD's dividend yield for the trailing twelve months is around 2.77%, less than IDLV's 4.70% yield.

TTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%0.00%
IDLV
Invesco S&P International Developed Low Volatility ETF		4.70%4.63%3.41%3.59%4.69%2.99%2.30%4.92%3.94%3.05%3.92%3.93%

Drawdowns

QLVD vs. IDLV - Drawdown Comparison

The maximum QLVD drawdown since its inception was -28.20%, smaller than the maximum IDLV drawdown of -34.65%. Use the drawdown chart below to compare losses from any high point for QLVD and IDLV.

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Drawdown Indicators

QLVDIDLVDifference

Max Drawdown

Largest peak-to-trough decline

-28.20%

-34.65%

+6.45%

Max Drawdown (1Y)

Largest decline over 1 year

-8.15%

-8.26%

+0.11%

Max Drawdown (5Y)

Largest decline over 5 years

-23.99%

-22.52%

-1.47%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.65%

—

Current Drawdown

Current decline from peak

-5.62%

-5.83%

+0.21%

Average Drawdown

Average peak-to-trough decline

-5.27%

-5.97%

+0.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

2.17%

-0.03%

Volatility

QLVD vs. IDLV - Volatility Comparison

FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) has a higher volatility of 5.23% compared to Invesco S&P International Developed Low Volatility ETF (IDLV) at 4.49%. This indicates that QLVD's price experiences larger fluctuations and is considered to be riskier than IDLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QLVDIDLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.23%

4.49%

+0.74%

Volatility (6M)

Calculated over the trailing 6-month period

7.71%

7.11%

+0.60%

Volatility (1Y)

Calculated over the trailing 1-year period

12.43%

12.48%

-0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.68%

11.73%

-0.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.02%

13.38%

+0.64%