IWX vs. QLV ETF Comparison

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

IWX

iShares Russell Top 200 Value ETF

IWX Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics. 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 200 Value Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization value sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$84.27

Average Daily Volume

315,888

Number of Holdings ^*

158

* 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

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	IWX	QLV
30 Days	2.62%	0.23%
60 Days	4.46%	1.42%
90 Days	6.64%	3.24%
12 Months	28.30%	25.29%

38 Overlapping Holdings

Symbol	Grade	Weight in IWX	Weight in QLV	Overlap
ABBV	D	1.0%	0.96%	0.96%
ABT	B	1.21%	0.93%	0.93%
ADI	D	0.62%	0.15%	0.15%
ADP	B	0.05%	0.92%	0.05%
AEP	D	0.31%	0.54%	0.31%
AMGN	D	0.2%	0.71%	0.2%
AZO	C	0.03%	0.55%	0.03%
BRK.A	B	5.18%	0.59%	0.59%
CB	C	0.7%	0.71%	0.7%
CME	A	0.49%	0.94%	0.49%
DUK	C	0.52%	0.9%	0.52%
EQIX	A	0.49%	0.64%	0.49%
GD	F	0.47%	0.58%	0.47%
GILD	C	0.66%	1.07%	0.66%
IBM	C	1.13%	1.82%	1.13%
JNJ	D	2.24%	1.71%	1.71%
JPM	A	4.24%	0.21%	0.21%
LIN	D	1.3%	0.19%	0.19%
LMT	D	0.47%	1.06%	0.47%
MCD	D	1.19%	1.93%	1.19%
MCK	B	0.27%	0.35%	0.27%
MMC	B	0.57%	0.05%	0.05%
NOC	D	0.41%	0.59%	0.41%
PEP	F	0.28%	1.47%	0.28%
PG	A	1.87%	3.25%	1.87%
PM	B	1.2%	0.21%	0.21%
PSA	D	0.27%	0.84%	0.27%
REGN	F	0.44%	0.45%	0.44%
ROP	B	0.35%	0.13%	0.13%
RSG	A	0.26%	0.59%	0.26%
SO	D	0.58%	0.69%	0.58%
T	A	0.98%	1.51%	0.98%
TMUS	B	0.69%	1.13%	0.69%
TRV	B	0.36%	0.67%	0.36%
TXN	C	0.97%	0.84%	0.84%
UNH	C	3.06%	0.07%	0.07%
VZ	C	1.06%	1.64%	1.06%
XOM	B	3.23%	1.15%	1.15%

IWX Overweight 120 Positions Relative to QLV

Symbol	Grade	Weight
WMT	A	2.2%
BAC	A	1.91%
CVX	A	1.68%
WFC	A	1.57%
CSCO	B	1.4%
ACN	C	1.34%
DIS	B	1.27%
TMO	F	1.18%
CMCSA	B	0.99%
CAT	B	0.97%
NEE	D	0.95%
SPGI	C	0.95%
RTX	C	0.95%
LOW	D	0.93%
BLK	C	0.93%
GE	D	0.91%
DHR	F	0.9%
MS	A	0.88%
ETN	A	0.86%
PFE	D	0.85%
GS	A	0.83%
COP	C	0.79%
C	A	0.79%
BSX	B	0.77%
HON	B	0.76%
BMY	B	0.69%
MDT	D	0.68%
SCHW	B	0.65%
MU	D	0.64%
PLD	D	0.63%
KO	D	0.62%
INTC	D	0.62%
DE	A	0.61%
AXP	A	0.61%
SYK	C	0.6%
UPS	C	0.59%
MO	A	0.58%
PH	A	0.54%
GEV	B	0.54%
PYPL	B	0.53%
ICE	C	0.53%
MDLZ	F	0.52%
PNC	B	0.5%
FI	A	0.5%
BA	F	0.49%
CI	F	0.49%
HD	A	0.49%
WELL	A	0.49%
EOG	A	0.47%
USB	A	0.47%
ELV	F	0.47%
AMD	F	0.45%
AON	A	0.45%
UNP	C	0.45%
EMR	A	0.44%
APD	A	0.43%
KKR	A	0.43%
MRVL	B	0.42%
COF	B	0.42%
TGT	F	0.42%
CRH	A	0.41%
CSX	B	0.41%
FDX	B	0.4%
CVS	D	0.4%
BDX	F	0.39%
CARR	D	0.38%
GM	B	0.38%
MAR	B	0.38%
TT	A	0.37%
FCX	D	0.37%
SLB	C	0.37%
TFC	A	0.37%
NSC	B	0.36%
CEG	D	0.36%
VRTX	F	0.36%
PCAR	B	0.35%
MMM	D	0.35%
SRE	A	0.35%
JCI	C	0.34%
TDG	D	0.33%
PSX	C	0.33%
MPC	D	0.33%
TJX	A	0.33%
MET	A	0.3%
AIG	B	0.3%
ITW	B	0.3%
D	C	0.29%
HCA	F	0.29%
CRM	B	0.28%
NEM	D	0.28%
VLO	C	0.27%
MSI	B	0.26%
F	C	0.26%
STZ	D	0.23%
CL	D	0.21%
APH	A	0.21%
NKE	D	0.21%
KDP	D	0.21%
EW	C	0.2%
OXY	D	0.2%
DELL	C	0.18%
KHC	F	0.17%
KMB	D	0.16%
SBUX	A	0.15%
PGR	A	0.14%
APO	B	0.13%
ZTS	D	0.08%
FTNT	C	0.07%
QCOM	F	0.07%
AMAT	F	0.07%
MRNA	F	0.07%
EL	F	0.06%
BKNG	A	0.06%
ECL	D	0.05%
SHW	A	0.05%
MNST	C	0.04%
DASH	A	0.04%
ORLY	B	0.03%
CPRT	A	0.02%
CTAS	B	0.02%

IWX Underweight 76 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	F	-7.68%
NVDA	C	-5.54%
AAPL	C	-5.17%
AMZN	C	-2.41%
LLY	F	-2.31%
MRK	F	-2.28%
V	A	-2.26%
META	D	-1.25%
QLYS	C	-0.88%
GOOGL	C	-0.88%
WEC	A	-0.86%
ATR	B	-0.86%
AIZ	A	-0.86%
WTW	B	-0.85%
RGLD	C	-0.83%
TYL	B	-0.8%
WDFC	B	-0.8%
ED	D	-0.79%
K	A	-0.77%
DOX	D	-0.74%
CHE	D	-0.73%
GIS	D	-0.72%
CHKP	D	-0.72%
LSTR	D	-0.71%
DLR	B	-0.68%
QGEN	D	-0.67%
WM	A	-0.67%
DTM	B	-0.67%
ZM	B	-0.67%
CALM	A	-0.65%
XEL	A	-0.64%
ALL	A	-0.63%
AVY	D	-0.63%
PKG	A	-0.63%
GOOG	C	-0.62%
CINF	A	-0.6%
SMMT	D	-0.59%
CTVA	C	-0.59%
AEE	A	-0.58%
WCN	A	-0.58%
CTRA	B	-0.57%
WRB	A	-0.55%
STNG	F	-0.55%
MKL	A	-0.54%
CMS	C	-0.54%
SCI	B	-0.54%
JKHY	D	-0.53%
ADC	B	-0.53%
PNW	B	-0.53%
SIGI	C	-0.53%
CHRW	C	-0.49%
TSCO	D	-0.49%
SON	D	-0.48%
BAH	F	-0.47%
FLO	D	-0.47%
TTEK	F	-0.46%
HSY	F	-0.45%
NBIX	C	-0.43%
HRL	D	-0.4%
VRSK	A	-0.39%
NFG	A	-0.38%
AVGO	D	-0.38%
HII	D	-0.36%
BMRN	D	-0.35%
SLGN	A	-0.34%
DDS	B	-0.29%
BMI	B	-0.27%
CRUS	D	-0.26%
EA	A	-0.23%
COR	B	-0.2%
ALKS	B	-0.19%
NCNO	B	-0.13%
CAG	D	-0.13%
L	A	-0.11%
CWAN	B	-0.09%
EXPD	D	-0.03%