QLVE vs. VWO
Compare and contrast key facts about FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) and Vanguard FTSE Emerging Markets ETF (VWO).
QLVE and VWO 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. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005. Both QLVE and VWO 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. VWO - Performance Comparison
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QLVE vs. VWO - 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% |
VWO Vanguard FTSE Emerging Markets ETF | 0.54% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 15.17% | 6.40% |
Returns By Period
In the year-to-date period, QLVE achieves a 0.96% return, which is significantly higher than VWO's 0.54% return.
QLVE
- 1D
- 3.42%
- 1M
- -7.54%
- YTD
- 0.96%
- 6M
- 4.33%
- 1Y
- 20.33%
- 3Y*
- 12.69%
- 5Y*
- 4.43%
- 10Y*
- —
VWO
- 1D
- 3.11%
- 1M
- -6.97%
- YTD
- 0.54%
- 6M
- 1.72%
- 1Y
- 22.75%
- 3Y*
- 13.73%
- 5Y*
- 3.84%
- 10Y*
- 7.63%
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QLVE vs. VWO - Expense Ratio Comparison
QLVE has a 0.40% expense ratio, which is higher than VWO's 0.08% expense ratio.
Return for Risk
QLVE vs. VWO — Risk / Return Rank
QLVE
VWO
QLVE vs. VWO - 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 Vanguard FTSE Emerging Markets ETF (VWO). 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 | VWO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.28 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.81 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.85 | -0.06 |
Martin ratioReturn relative to average drawdown | 7.57 | 7.12 | +0.45 |
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 | VWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.28 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.22 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.25 | +0.09 |
Correlation
The correlation between QLVE and VWO is 0.93, 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. VWO - Dividend Comparison
QLVE's dividend yield for the trailing twelve months is around 2.83%, more than VWO's 2.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 2.68% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Drawdowns
QLVE vs. VWO - Drawdown Comparison
The maximum QLVE drawdown since its inception was -29.96%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for QLVE and VWO.
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Drawdown Indicators
| QLVE | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -67.68% | +37.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -12.23% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -24.04% | -32.80% | +8.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.39% | — |
Current DrawdownCurrent decline from peak | -8.57% | -8.41% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -15.93% | +7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 3.18% | -0.44% |
Volatility
QLVE vs. VWO - Volatility Comparison
FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) has a higher volatility of 8.82% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 8.17%. This indicates that QLVE's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLVE | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 8.17% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 13.06% | 12.26% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 17.83% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 17.21% | -4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 19.18% | -3.56% |