QLV vs. HAPI ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to Harbor Corporate Culture ETF (HAPI)

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

HAPI

Harbor Corporate Culture ETF

HAPI Description

The fund invests at least 80% of its total assets in securities that are included in the index. The index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 150 U.S. companies identified by Irrational Capital LLC ("Irrational Capital") as those the advisor believes to possess strong corporate culture based on its proprietary scoring methodology.

Grade (RS Rating)

Last Trade

$36.20

Average Daily Volume

5,644

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

Performance

Period	QLV	HAPI
30 Days	0.23%	2.60%
60 Days	1.42%	4.98%
90 Days	3.24%	6.65%
12 Months	25.29%	35.11%

31 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in HAPI	Overlap
AAPL	C	5.13%	5.25%	5.13%
ADP	B	0.92%	0.39%	0.39%
AEE	A	0.56%	0.16%	0.16%
AMGN	D	0.73%	0.89%	0.73%
AMZN	C	2.5%	5.0%	2.5%
BAH	F	0.5%	0.11%	0.11%
BMRN	D	0.37%	0.06%	0.06%
CINF	A	0.59%	0.13%	0.13%
CME	A	0.91%	0.44%	0.44%
CTVA	C	0.57%	0.31%	0.31%
DUK	C	0.87%	0.6%	0.6%
ED	D	0.77%	0.23%	0.23%
EQIX	A	0.62%	0.46%	0.46%
GILD	C	1.11%	0.65%	0.65%
GIS	D	0.72%	0.15%	0.15%
GOOG	C	0.62%	2.81%	0.62%
GOOGL	C	0.87%	3.2%	0.87%
IBM	C	1.77%	0.6%	0.6%
JNJ	D	1.68%	2.09%	1.68%
JPM	A	0.21%	3.99%	0.21%
LLY	F	2.4%	2.89%	2.4%
LMT	D	1.07%	0.83%	0.83%
META	D	1.27%	3.22%	1.27%
MSFT	F	7.86%	4.3%	4.3%
NOC	D	0.6%	0.45%	0.45%
NVDA	C	5.54%	8.04%	5.54%
PEP	F	1.52%	0.84%	0.84%
PG	A	3.17%	1.56%	1.56%
SO	D	0.68%	0.64%	0.64%
TRV	B	0.66%	0.33%	0.33%
TXN	C	0.86%	0.61%	0.61%

QLV Overweight 83 Positions Relative to HAPI

Symbol	Grade	Weight
MRK	F	2.29%
V	A	2.25%
MCD	D	1.97%
VZ	C	1.58%
T	A	1.46%
XOM	B	1.15%
TMUS	B	1.14%
ABBV	D	0.97%
ABT	B	0.92%
QLYS	C	0.89%
ATR	B	0.89%
WTW	B	0.87%
PSA	D	0.84%
AIZ	A	0.84%
WEC	A	0.83%
WDFC	B	0.81%
TYL	B	0.81%
K	A	0.77%
RGLD	C	0.77%
DOX	D	0.76%
LSTR	D	0.74%
CHE	D	0.74%
CB	C	0.72%
CHKP	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%
CALM	A	0.62%
ALL	A	0.62%
XEL	A	0.62%
GD	F	0.61%
PKG	A	0.61%
SMMT	D	0.61%
BRK.A	B	0.59%
RSG	A	0.58%
WCN	A	0.57%
AZO	C	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%
SON	D	0.49%
CHRW	C	0.49%
FLO	D	0.47%
REGN	F	0.47%
HSY	F	0.46%
TTEK	F	0.46%
NBIX	C	0.43%
HRL	D	0.4%
AVGO	D	0.4%
VRSK	A	0.39%
NFG	A	0.37%
HII	D	0.36%
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%
COR	B	0.2%
LIN	D	0.19%
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%
UNH	C	0.07%
MMC	B	0.05%
EXPD	D	0.03%

QLV Underweight 120 Positions Relative to HAPI

Symbol	Grade	Weight
MA	C	-2.54%
CVX	A	-2.07%
BAC	A	-1.88%
XLC	A	-1.59%
BKNG	A	-1.52%
BSX	B	-1.15%
NFLX	A	-1.14%
CAT	B	-1.13%
GE	D	-1.05%
MS	A	-1.02%
ISRG	A	-1.01%
HON	B	-0.95%
CRM	B	-0.94%
KO	D	-0.93%
AXP	A	-0.91%
BLK	C	-0.87%
PFE	D	-0.77%
AMAT	F	-0.76%
MELI	D	-0.76%
CSCO	B	-0.75%
ADBE	C	-0.74%
BX	A	-0.71%
MAR	B	-0.68%
AMD	F	-0.67%
DE	A	-0.67%
NOW	A	-0.63%
FCX	D	-0.61%
HLT	A	-0.58%
INTU	C	-0.57%
WMB	A	-0.56%
PLD	D	-0.56%
QCOM	F	-0.56%
KKR	A	-0.5%
ABNB	C	-0.49%
GEV	B	-0.48%
ZTS	D	-0.46%
GWW	B	-0.41%
SLB	C	-0.38%
MO	A	-0.38%
BDX	F	-0.36%
MDLZ	F	-0.35%
PANW	C	-0.34%
NKE	D	-0.33%
INTC	D	-0.32%
LULU	C	-0.31%
URI	B	-0.31%
SPG	B	-0.31%
CL	D	-0.3%
CMI	A	-0.29%
DOW	F	-0.29%
DD	D	-0.29%
EBAY	D	-0.29%
LHX	C	-0.28%
OXY	D	-0.27%
ANET	C	-0.27%
EXPE	B	-0.26%
PWR	A	-0.26%
BKR	B	-0.26%
EXC	C	-0.26%
KLAC	D	-0.25%
MRVL	B	-0.24%
SNPS	B	-0.24%
CDNS	B	-0.24%
DAL	C	-0.23%
EIX	B	-0.22%
CRWD	B	-0.21%
EW	C	-0.21%
EXR	D	-0.2%
ADSK	A	-0.2%
RMD	C	-0.2%
STLD	B	-0.2%
A	D	-0.2%
BLDR	D	-0.19%
ACGL	D	-0.19%
HIG	B	-0.19%
KMB	D	-0.18%
FTNT	C	-0.18%
FICO	B	-0.17%
ALNY	D	-0.17%
SPOT	B	-0.17%
F	C	-0.16%
NDAQ	A	-0.16%
DTE	C	-0.16%
WDAY	B	-0.16%
GEHC	F	-0.15%
SYF	B	-0.15%
TTD	B	-0.15%
MSCI	C	-0.15%
BRO	B	-0.14%
SBAC	D	-0.14%
STZ	D	-0.14%
IT	C	-0.13%
TEAM	A	-0.13%
HPQ	B	-0.12%
PFG	D	-0.12%
CBOE	B	-0.12%
ARES	A	-0.12%
PHM	D	-0.11%
ESS	B	-0.11%
LII	A	-0.11%
HUBS	A	-0.1%
LUV	C	-0.1%
BR	A	-0.09%
HPE	B	-0.09%
ANSS	B	-0.09%
ROK	B	-0.09%
NTAP	C	-0.08%
BG	F	-0.08%
MOH	F	-0.08%
RBLX	C	-0.07%
DOC	D	-0.07%
CPT	B	-0.07%
ZBRA	B	-0.06%
FDS	B	-0.06%
TRMB	B	-0.05%
TER	D	-0.05%
MDB	C	-0.05%
J	F	-0.05%
EPAM	C	-0.04%
BSY	D	-0.03%