QLV vs. FFLC ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to Fidelity Fundamental Large Cap Core ETF (FFLC)

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

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$47.24

Average Daily Volume

103,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLV	FFLC
30 Days	0.23%	2.14%
60 Days	1.42%	3.92%
90 Days	3.24%	6.30%
12 Months	25.29%	37.29%

24 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in FFLC	Overlap
AAPL	C	5.13%	4.26%	4.26%
ABBV	D	0.97%	0.61%	0.61%
AMZN	C	2.5%	2.89%	2.5%
AVGO	D	0.4%	1.98%	0.4%
CB	C	0.72%	0.73%	0.72%
COR	B	0.2%	0.37%	0.2%
DOX	D	0.76%	0.53%	0.53%
GD	F	0.61%	0.38%	0.38%
GILD	C	1.11%	0.27%	0.27%
GOOGL	C	0.87%	3.2%	0.87%
HII	D	0.36%	0.29%	0.29%
LIN	D	0.19%	0.2%	0.19%
LLY	F	2.4%	1.85%	1.85%
META	D	1.27%	4.7%	1.27%
MSFT	F	7.86%	6.98%	6.98%
NOC	D	0.6%	0.25%	0.25%
NVDA	C	5.54%	5.71%	5.54%
REGN	F	0.47%	0.75%	0.47%
SO	D	0.68%	1.72%	0.68%
TMUS	B	1.14%	0.2%	0.2%
TRV	B	0.66%	0.87%	0.66%
UNH	C	0.07%	1.72%	0.07%
V	A	2.25%	1.31%	1.31%
XOM	B	1.15%	2.88%	1.15%

QLV Overweight 90 Positions Relative to FFLC

Symbol	Grade	Weight
PG	A	3.17%
MRK	F	2.29%
MCD	D	1.97%
IBM	C	1.77%
JNJ	D	1.68%
VZ	C	1.58%
PEP	F	1.52%
T	A	1.46%
LMT	D	1.07%
ABT	B	0.92%
ADP	B	0.92%
CME	A	0.91%
QLYS	C	0.89%
ATR	B	0.89%
WTW	B	0.87%
DUK	C	0.87%
TXN	C	0.86%
PSA	D	0.84%
AIZ	A	0.84%
WEC	A	0.83%
WDFC	B	0.81%
TYL	B	0.81%
ED	D	0.77%
K	A	0.77%
RGLD	C	0.77%
LSTR	D	0.74%
CHE	D	0.74%
AMGN	D	0.73%
CHKP	D	0.72%
GIS	D	0.72%
ZM	B	0.7%
WM	A	0.68%
QGEN	D	0.67%
DTM	B	0.65%
DLR	B	0.65%
AVY	D	0.64%
GOOG	C	0.62%
CALM	A	0.62%
EQIX	A	0.62%
ALL	A	0.62%
XEL	A	0.62%
PKG	A	0.61%
SMMT	D	0.61%
BRK.A	B	0.59%
CINF	A	0.59%
RSG	A	0.58%
WCN	A	0.57%
CTVA	C	0.57%
AZO	C	0.56%
AEE	A	0.56%
SIGI	C	0.55%
STNG	F	0.55%
MKL	A	0.54%
CMS	C	0.53%
JKHY	D	0.53%
SCI	B	0.53%
CTRA	B	0.53%
WRB	A	0.53%
ADC	B	0.52%
AEP	D	0.52%
PNW	B	0.52%
TSCO	D	0.5%
BAH	F	0.5%
SON	D	0.49%
CHRW	C	0.49%
FLO	D	0.47%
HSY	F	0.46%
TTEK	F	0.46%
NBIX	C	0.43%
HRL	D	0.4%
VRSK	A	0.39%
BMRN	D	0.37%
NFG	A	0.37%
MCK	B	0.35%
SLGN	A	0.33%
DDS	B	0.3%
BMI	B	0.28%
CRUS	D	0.26%
EA	A	0.23%
PM	B	0.21%
JPM	A	0.21%
ALKS	B	0.19%
ADI	D	0.15%
ROP	B	0.14%
NCNO	B	0.13%
CAG	D	0.13%
L	A	0.11%
CWAN	B	0.09%
MMC	B	0.05%
EXPD	D	0.03%

QLV Underweight 63 Positions Relative to FFLC

Symbol	Grade	Weight
BAC	A	-2.18%
WFC	A	-1.82%
CMCSA	B	-1.69%
GE	D	-1.61%
BSX	B	-1.35%
FI	A	-1.34%
EIX	B	-1.31%
CI	F	-1.23%
TMO	F	-1.18%
SAP	B	-1.15%
CSCO	B	-1.1%
LOW	D	-1.06%
CEG	D	-1.06%
KVUE	A	-1.04%
ETN	A	-1.02%
PNC	B	-1.01%
KDP	D	-1.0%
INTU	C	-1.0%
ORCL	B	-0.97%
TSM	B	-0.97%
KO	D	-0.94%
USB	A	-0.94%
URI	B	-0.92%
BMY	B	-0.92%
GEV	B	-0.87%
MA	C	-0.85%
APH	A	-0.85%
MOD	A	-0.84%
ALSN	B	-0.83%
UPS	C	-0.78%
RPRX	D	-0.76%
BA	F	-0.72%
VRT	B	-0.66%
HRB	D	-0.64%
ELV	F	-0.63%
COST	B	-0.63%
UBER	D	-0.61%
CCI	D	-0.61%
APO	B	-0.61%
KNX	B	-0.59%
FDX	B	-0.58%
WSO	A	-0.56%
NVO	D	-0.53%
HLT	A	-0.52%
MLM	B	-0.49%
AMT	D	-0.43%
DEO	F	-0.43%
MAR	B	-0.42%
AJG	B	-0.41%
WSM	B	-0.4%
GEN	B	-0.37%
LEN	D	-0.36%
ABNB	C	-0.33%
GSK	F	-0.3%
MELI	D	-0.2%
DKS	C	-0.19%
SPR	D	-0.19%
ASML	F	-0.18%
SPG	B	-0.18%
IP	B	-0.18%
KBR	F	-0.17%
LNG	B	-0.03%
MRVL	B	-0.02%