QLVE vs. LVHD
Compare and contrast key facts about FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) and Legg Mason Low Volatility High Dividend ETF (LVHD).
QLVE and LVHD 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. LVHD is a passively managed fund by Franklin Templeton that tracks the performance of the QS Low Volatility High Dividend Index. It was launched on Dec 29, 2015. Both QLVE and LVHD 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. LVHD - Performance Comparison
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QLVE vs. LVHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund | 0.96% | 21.87% | 10.17% | 8.53% | -13.10% | 0.90% | 4.16% | 4.98% |
LVHD Legg Mason Low Volatility High Dividend ETF | 6.93% | 7.50% | 10.18% | -0.95% | -1.82% | 26.90% | -1.28% | 6.50% |
Returns By Period
In the year-to-date period, QLVE achieves a 0.96% return, which is significantly lower than LVHD's 6.93% return.
QLVE
- 1D
- 3.42%
- 1M
- -7.54%
- YTD
- 0.96%
- 6M
- 4.33%
- 1Y
- 20.33%
- 3Y*
- 12.69%
- 5Y*
- 4.43%
- 10Y*
- —
LVHD
- 1D
- 0.34%
- 1M
- -4.58%
- YTD
- 6.93%
- 6M
- 4.97%
- 1Y
- 7.44%
- 3Y*
- 8.53%
- 5Y*
- 7.59%
- 10Y*
- 8.20%
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QLVE vs. LVHD - Expense Ratio Comparison
QLVE has a 0.40% expense ratio, which is higher than LVHD's 0.27% expense ratio.
Return for Risk
QLVE vs. LVHD — Risk / Return Rank
QLVE
LVHD
QLVE vs. LVHD - 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 Legg Mason Low Volatility High Dividend ETF (LVHD). 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 | LVHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.62 | +0.63 |
Sortino ratioReturn per unit of downside risk | 1.83 | 0.94 | +0.89 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.12 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.02 | +0.76 |
Martin ratioReturn relative to average drawdown | 7.57 | 3.64 | +3.92 |
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 | LVHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.62 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.59 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.57 | -0.23 |
Correlation
The correlation between QLVE and LVHD is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QLVE vs. LVHD - Dividend Comparison
QLVE's dividend yield for the trailing twelve months is around 2.83%, less than LVHD's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
LVHD Legg Mason Low Volatility High Dividend ETF | 3.19% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
Drawdowns
QLVE vs. LVHD - Drawdown Comparison
The maximum QLVE drawdown since its inception was -29.96%, smaller than the maximum LVHD drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for QLVE and LVHD.
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Drawdown Indicators
| QLVE | LVHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -37.32% | +7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -8.52% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -24.04% | -16.75% | -7.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.32% | — |
Current DrawdownCurrent decline from peak | -8.57% | -4.66% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -4.05% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.47% | +0.27% |
Volatility
QLVE vs. LVHD - Volatility Comparison
FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) has a higher volatility of 8.82% compared to Legg Mason Low Volatility High Dividend ETF (LVHD) at 2.83%. This indicates that QLVE's price experiences larger fluctuations and is considered to be riskier than LVHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLVE | LVHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 2.83% | +5.99% |
Volatility (6M)Calculated over the trailing 6-month period | 13.06% | 6.53% | +6.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 12.07% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 12.87% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 15.50% | +0.12% |