IWL vs. QLV ETF Comparison

Comparison of iShares Russell Top 200 ETF (IWL) to FlexShares US Quality Low Volatility Index Fund (QLV)

IWL

iShares Russell Top 200 ETF

IWL Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200Â® Index (the "underlying index"), which is a float-adjusted, capitalization-weighted index that measures the performance of the largest capitalization sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$139.82

Average Daily Volume

60,400

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$66.27

Average Daily Volume

3,466

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	IWL	QLV
30 Days	2.63%	2.00%
60 Days	5.29%	5.11%
90 Days	4.72%	6.73%
12 Months	36.55%	30.24%

50 Overlapping Holdings

Symbol	Grade	Weight in IWL	Weight in QLV	Overlap
AAPL	C	8.14%	5.17%	5.17%
ABBV	B	0.84%	1.11%	0.84%
ABT	C	0.48%	0.91%	0.48%
ADI	C	0.28%	0.17%	0.17%
ADP	C	0.28%	0.85%	0.28%
AEP	C	0.13%	0.56%	0.13%
AMGN	D	0.44%	0.83%	0.44%
AMZN	C	4.37%	2.25%	2.25%
AVGO	C	1.91%	0.39%	0.39%
AZO	B	0.13%	0.55%	0.13%
BRK.A	C	2.05%	0.58%	0.58%
CB	B	0.29%	0.73%	0.29%
CME	B	0.19%	0.88%	0.19%
DUK	B	0.22%	0.91%	0.22%
EQIX	B	0.2%	0.61%	0.2%
GD	C	0.21%	0.64%	0.21%
GILD	B	0.26%	1.02%	0.26%
GOOG	D	1.99%	0.57%	0.57%
GOOGL	D	2.36%	0.81%	0.81%
IBM	B	0.49%	1.82%	0.49%
JNJ	C	0.97%	1.84%	0.97%
JPM	D	1.49%	0.19%	0.19%
LIN	B	0.56%	0.19%	0.19%
LLY	D	1.81%	2.81%	1.81%
LMT	A	0.3%	1.12%	0.3%
MCD	B	0.53%	1.95%	0.53%
MCK	F	0.16%	0.29%	0.16%
META	B	3.02%	1.24%	1.24%
MMC	C	0.27%	0.05%	0.05%
MRK	F	0.73%	2.74%	0.73%
MSFT	C	7.95%	8.11%	7.95%
NOC	B	0.18%	0.63%	0.18%
NVDA	C	6.66%	4.47%	4.47%
PEP	D	0.58%	1.62%	0.58%
PG	C	1.01%	3.26%	1.01%
PM	C	0.46%	0.2%	0.2%
PSA	C	0.14%	0.91%	0.14%
REGN	D	0.29%	0.69%	0.29%
ROP	C	0.15%	0.14%	0.14%
RSG	D	0.1%	0.56%	0.1%
SO	B	0.24%	0.7%	0.24%
T	B	0.38%	1.41%	0.38%
TMUS	B	0.24%	0.96%	0.24%
TRV	C	0.13%	0.62%	0.13%
TXN	B	0.45%	0.87%	0.45%
UNH	C	1.3%	0.07%	0.07%
V	C	1.1%	2.1%	1.1%
VZ	A	0.46%	1.7%	0.46%
WM	D	0.2%	0.63%	0.2%
XOM	D	1.27%	1.11%	1.11%

IWL Overweight 148 Positions Relative to QLV

Symbol	Grade	Weight
TSLA	C	1.63%
MA	B	1.0%
COST	C	0.99%
HD	B	0.95%
WMT	B	0.84%
NFLX	B	0.74%
KO	B	0.68%
BAC	D	0.67%
ORCL	B	0.65%
CVX	F	0.62%
AMD	C	0.62%
CRM	C	0.61%
TMO	B	0.58%
ADBE	F	0.57%
CSCO	B	0.52%
ACN	C	0.52%
GE	C	0.5%
WFC	D	0.48%
NOW	C	0.47%
QCOM	D	0.46%
CAT	B	0.44%
DHR	B	0.43%
INTU	D	0.43%
NEE	B	0.42%
ISRG	C	0.42%
DIS	D	0.42%
PFE	D	0.41%
SPGI	C	0.4%
RTX	B	0.39%
GS	B	0.39%
AMAT	D	0.39%
CMCSA	C	0.38%
LOW	B	0.37%
UNP	D	0.37%
AXP	B	0.37%
PGR	C	0.37%
UBER	C	0.36%
BLK	B	0.34%
BKNG	B	0.34%
HON	C	0.33%
TJX	C	0.33%
COP	F	0.32%
ETN	C	0.32%
SYK	C	0.32%
ELV	D	0.31%
VRTX	D	0.3%
BSX	B	0.3%
C	C	0.29%
MS	B	0.29%
MDT	B	0.28%
PLD	C	0.28%
SBUX	C	0.27%
AMT	C	0.27%
BX	C	0.27%
NKE	D	0.26%
PANW	D	0.26%
MU	D	0.25%
BMY	C	0.25%
LRCX	D	0.25%
FI	B	0.25%
KLAC	D	0.25%
DE	A	0.25%
SCHW	D	0.24%
ANET	C	0.24%
CI	C	0.24%
MDLZ	C	0.24%
INTC	D	0.23%
UPS	D	0.23%
ZTS	B	0.22%
SHW	B	0.22%
BA	F	0.22%
KKR	B	0.22%
ICE	C	0.22%
CL	C	0.21%
MO	C	0.21%
TT	B	0.21%
PH	B	0.2%
CEG	C	0.2%
WELL	C	0.19%
HCA	B	0.19%
TDG	B	0.19%
SNPS	F	0.19%
APH	C	0.19%
MCO	C	0.19%
CMG	D	0.19%
PYPL	B	0.19%
TGT	C	0.18%
USB	C	0.18%
EOG	D	0.18%
CVS	D	0.18%
MSI	B	0.18%
PNC	C	0.18%
MMM	B	0.18%
CDNS	D	0.18%
ITW	B	0.18%
BDX	D	0.17%
CRWD	D	0.17%
AON	B	0.17%
CSX	C	0.17%
CTAS	C	0.17%
MRVL	D	0.16%
FCX	C	0.16%
CRH	B	0.16%
APD	B	0.16%
ORLY	B	0.16%
APO	B	0.16%
GEV	B	0.16%
CARR	B	0.16%
EMR	D	0.15%
SLB	F	0.15%
ECL	B	0.15%
NEM	C	0.15%
MAR	B	0.14%
NSC	C	0.14%
TFC	D	0.14%
ABNB	D	0.14%
FDX	D	0.14%
ADSK	B	0.14%
COF	B	0.14%
MPC	F	0.14%
PCAR	D	0.13%
WDAY	D	0.13%
SRE	B	0.13%
SPOT	C	0.13%
GM	C	0.13%
PSX	F	0.13%
KMB	C	0.12%
AIG	D	0.12%
MET	B	0.12%
DASH	B	0.12%
D	C	0.12%
FTNT	B	0.12%
JCI	B	0.12%
VLO	F	0.11%
CPRT	D	0.11%
STZ	C	0.1%
KDP	B	0.1%
EW	F	0.1%
F	F	0.1%
SNOW	F	0.09%
MNST	D	0.09%
KHC	C	0.08%
LULU	D	0.08%
DELL	C	0.08%
OXY	F	0.08%
TEAM	D	0.06%
EL	D	0.05%
MRNA	F	0.05%

IWL Underweight 64 Positions Relative to QLV

Symbol	Grade	Weight
GIS	B	-0.84%
ED	B	-0.83%
WEC	B	-0.81%
WTW	B	-0.8%
ATR	B	-0.8%
CHE	C	-0.78%
RGLD	C	-0.78%
CHKP	B	-0.78%
TYL	C	-0.77%
K	A	-0.77%
DOX	C	-0.77%
AIZ	B	-0.76%
WDFC	C	-0.75%
QLYS	D	-0.74%
SMMT	D	-0.73%
LSTR	D	-0.73%
QGEN	C	-0.72%
STNG	D	-0.71%
AVY	C	-0.69%
ALL	C	-0.61%
CTVA	B	-0.59%
XEL	B	-0.58%
DLR	B	-0.58%
ZM	C	-0.57%
PKG	B	-0.56%
WCN	D	-0.56%
JKHY	B	-0.54%
CINF	C	-0.54%
CMS	B	-0.54%
AEE	B	-0.53%
TTEK	C	-0.53%
SON	D	-0.53%
WRB	D	-0.52%
CALM	B	-0.51%
HSY	D	-0.51%
BAH	B	-0.51%
ADC	C	-0.51%
SIGI	D	-0.51%
FLO	C	-0.51%
PNW	C	-0.51%
CTRA	F	-0.5%
HII	F	-0.5%
MKL	C	-0.5%
DTM	C	-0.5%
SCI	C	-0.5%
TSCO	B	-0.49%
CHRW	B	-0.46%
NBIX	F	-0.42%
HRL	F	-0.42%
BMRN	F	-0.4%
NFG	B	-0.37%
VRSK	D	-0.37%
SLGN	B	-0.32%
CRUS	D	-0.32%
BMI	B	-0.28%
DDS	D	-0.26%
SQSP	B	-0.24%
EA	D	-0.2%
ALKS	D	-0.19%
CAG	B	-0.15%
NCNO	F	-0.1%
L	D	-0.1%
CWAN	C	-0.08%
EXPD	B	-0.03%