QLVD
FlexShares Developed Markets ex-US Quality Low Volatility Index Fund
The FlexShares Developed Markets ex-US Quality Low Volatility Index ETF tracks a multi-factor selected index of large- and mid-cap equities from developed markets excluding the United States.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
46.2 M
ASSETS UNDER MGMT
32 bp
EXPENSES
Fund Basics
| Fund sponsor | Northern Trust |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 15, 2019 |
| Assets (mns) | $46 |
| Expense ratio | 32 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROCHE HOLDING AG-BR | 4.2 % |
| NESTLE SA-REG | 3.2 % |
| UNILEVER PLC | 2.9 % |
| NOVARTIS AG | 2.6 % |
| SANOFI-AVENTIS | 2.6 % |
| AIR LIQUIDE SA | 1.8 % |
| TOTAL SA | 1.6 % |
| NOVO NORDISK A/S-B | 1.6 % |
| MUENCHENER RUECKVER AG-REG | 1.4 % |
| SHELL PLC | 1.4 % |
Constituent Breakdown
| Number of holdings | 175 |
| Herfindahl-Hirschman Index | 115 |
| Wgt avg mkt cap (mns) | $73,746 |
| Large cap (>$10bn) | 80.2% |
| Mid cap ($2-10bn) | 15.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 23.4 % |
 |
SWITZERLAND | 13.1 % |
 |
CANADA | 10.1 % |
 |
BRITAIN | 10.0 % |
 |
FRANCE | 8.5 % |
 |
HONG KONG | 5.7 % |
 |
GERMANY | 5.1 % |
 |
SINGAPORE | 4.9 % |
 |
NETHERLANDS | 4.0 % |
 |
SPAIN | 3.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.6% | 19.6% | 15.2% | 2.7% | 4.4% | -- | 5.2% | Volatility | 9.6% | 10.0% | 10.7% | 12.1% | 14.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.63 | 67% |
| MSCI EAFE | 0.72 | 91% |
| MSCI Emg Mkts | 0.59 | 59% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $15,361 |
Technical Indicators
| Recent close | $27.19 |
| 30d moving avg. | $28.27 |
| Annualized volatility | 13.4% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QLVD |
Expenses vs. QLVD |
ALTAR Score™ vs. QLVD |
|---|---|---|---|---|
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 52.6% | -10 bp | +0.6% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 39.9% | -2 bp | +1.3% |
| DOL | WisdomTree International LargeCap Dividend Fund | 34.5% | +16 bp | +2.0% |
| DWMF | WisdomTree International Multifactor Fund | 32.6% | +6 bp | +1.5% |
| IQDE | FlexShares International Quality Dividend Defensive Index ET | 32.6% | +15 bp | +8.8% |
| FDEV | Fidelity International Multifactor ETF | 32.5% | -14 bp | +1.8% |
| RODM | Hartford Multifactor Developed Markets (ex-US) ETF | 31.1% | -3 bp | +2.6% |
| HDMV | First Trust Horizon Managed Volatility Developed Intl ETF | 30.5% | +48 bp | -0.4% |
| FENI | Fidelity Enhanced International ETF | 30.5% | -4 bp | +2.1% |
| IQLT | iShares MSCI Intl Quality Factor ETF | 30.5% | -2 bp | +0.3% |
Risk and Returns: QLVD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QLVD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
QLVD
5.9%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. QLVD's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places QLVD in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QLVDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| QLVD (32 bp) Percentile rank | 33 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QLVD | 32.0 | 28.7 | 60.7 |
| Peer Avg. | 35.0 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .