QLVE vs. EJAN
Compare and contrast key facts about FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) and Innovator Emerging Markets Power Buffer ETF January (EJAN).
QLVE and EJAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLVE is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Emerging Markets Quality Low Volatility Index. It was launched on Jul 15, 2019. EJAN is a passively managed fund by Innovator that tracks the performance of the MSCI Emerging Markets Index. It was launched on Jan 1, 2020. Both QLVE and EJAN 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
QLVE vs. EJAN - Performance Comparison
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QLVE vs. EJAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund | 0.96% | 21.87% | 10.17% | 8.53% | -13.10% | 0.90% | 2.85% |
EJAN Innovator Emerging Markets Power Buffer ETF January | 0.41% | 14.78% | 2.69% | 5.37% | -8.01% | -1.53% | 10.46% |
Returns By Period
In the year-to-date period, QLVE achieves a 0.96% return, which is significantly higher than EJAN's 0.41% return.
QLVE
- 1D
- 3.42%
- 1M
- -7.54%
- YTD
- 0.96%
- 6M
- 4.33%
- 1Y
- 20.33%
- 3Y*
- 12.69%
- 5Y*
- 4.43%
- 10Y*
- —
EJAN
- 1D
- 2.54%
- 1M
- -3.91%
- YTD
- 0.41%
- 6M
- 2.17%
- 1Y
- 12.21%
- 3Y*
- 6.37%
- 5Y*
- 2.16%
- 10Y*
- —
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QLVE vs. EJAN - Expense Ratio Comparison
QLVE has a 0.40% expense ratio, which is lower than EJAN's 0.89% expense ratio.
Return for Risk
QLVE vs. EJAN — Risk / Return Rank
QLVE
EJAN
QLVE vs. EJAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) and Innovator Emerging Markets Power Buffer ETF January (EJAN). 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.
| QLVE | EJAN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.25 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.84 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.62 | +0.17 |
Martin ratioReturn relative to average drawdown | 7.57 | 7.79 | -0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QLVE | EJAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.25 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.20 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.28 | +0.05 |
Correlation
The correlation between QLVE and EJAN is 0.86, 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
QLVE vs. EJAN - Dividend Comparison
QLVE's dividend yield for the trailing twelve months is around 2.83%, while EJAN has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund | 2.83% | 3.14% | 3.11% | 3.00% | 2.48% | 2.57% | 1.66% | 1.27% |
EJAN Innovator Emerging Markets Power Buffer ETF January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QLVE vs. EJAN - Drawdown Comparison
The maximum QLVE drawdown since its inception was -29.96%, which is greater than EJAN's maximum drawdown of -22.23%. Use the drawdown chart below to compare losses from any high point for QLVE and EJAN.
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Drawdown Indicators
| QLVE | EJAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -22.23% | -7.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -7.51% | -4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.04% | -22.00% | -2.04% |
Current DrawdownCurrent decline from peak | -8.57% | -4.26% | -4.31% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -5.92% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 1.56% | +1.18% |
Volatility
QLVE vs. EJAN - Volatility Comparison
FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) has a higher volatility of 8.82% compared to Innovator Emerging Markets Power Buffer ETF January (EJAN) at 5.73%. This indicates that QLVE's price experiences larger fluctuations and is considered to be riskier than EJAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLVE | EJAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 5.73% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.06% | 6.45% | +6.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 9.85% | +6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 11.05% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 12.78% | +2.84% |