XRLV vs. QLV
Compare and contrast key facts about Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF (XRLV) and FlexShares US Quality Low Volatility Index Fund (QLV).
XRLV and QLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XRLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Rate Response (USD) TR. It was launched on Apr 9, 2015. QLV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Low Volatility Index. It was launched on Jul 15, 2019. Both XRLV and QLV 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: XRLV or QLV.
Performance
XRLV vs. QLV - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with XRLV having a 18.42% return and QLV slightly higher at 19.28%.
XRLV
18.42%
-0.07%
11.81%
22.67%
8.81%
N/A
QLV
19.28%
-1.96%
8.59%
24.18%
11.83%
N/A
Key characteristics
| XRLV | QLV | |
|---|---|---|
| Sharpe Ratio | 2.54 | 2.80 |
| Sortino Ratio | 3.56 | 3.83 |
| Omega Ratio | 1.46 | 1.53 |
| Calmar Ratio | 2.83 | 5.26 |
| Martin Ratio | 16.16 | 18.55 |
| Ulcer Index | 1.41% | 1.34% |
| Daily Std Dev | 8.95% | 8.87% |
| Max Drawdown | -38.31% | -33.71% |
| Current Drawdown | -0.78% | -2.12% |
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XRLV vs. QLV - Expense Ratio Comparison
XRLV has a 0.25% expense ratio, which is higher than QLV's 0.22% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between XRLV and QLV is 0.87, 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.
Risk-Adjusted Performance
XRLV vs. QLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF (XRLV) and FlexShares US Quality Low Volatility Index Fund (QLV). 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.
Dividends
XRLV vs. QLV - Dividend Comparison
XRLV's dividend yield for the trailing twelve months is around 1.91%, more than QLV's 1.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
XRLV Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF | 1.91% | 2.56% | 1.96% | 1.26% | 1.66% | 1.66% | 1.76% | 1.40% | 1.71% | 1.07% |
QLV FlexShares US Quality Low Volatility Index Fund | 1.59% | 1.60% | 1.74% | 0.97% | 1.24% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XRLV vs. QLV - Drawdown Comparison
The maximum XRLV drawdown since its inception was -38.31%, which is greater than QLV's maximum drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for XRLV and QLV. For additional features, visit the drawdowns tool.
Volatility
XRLV vs. QLV - Volatility Comparison
Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF (XRLV) and FlexShares US Quality Low Volatility Index Fund (QLV) have volatilities of 2.90% and 2.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.