QLV vs. IWY ETF Comparison

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

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

$67.10

Average Daily Volume

10,246

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

IWY

iShares Russell Top 200 Growth ETF

IWY Description

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

Grade (RS Rating)

Last Trade

$228.22

Average Daily Volume

252,508

Number of Holdings ^*

104

* may have additional holdings in another (foreign) market

Performance

Period	QLV	IWY
30 Days	-0.74%	1.58%
60 Days	0.99%	4.76%
90 Days	2.61%	6.13%
12 Months	24.52%	35.71%

27 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in IWY	Overlap
AAPL	C	5.13%	12.86%	5.13%
ABBV	F	0.97%	0.5%	0.5%
ADP	A	0.92%	0.45%	0.45%
AMGN	F	0.73%	0.47%	0.47%
AMZN	C	2.5%	7.41%	2.5%
AVGO	D	0.4%	2.95%	0.4%
AZO	C	0.56%	0.19%	0.19%
EQIX	A	0.62%	0.02%	0.02%
GOOG	C	0.62%	3.37%	0.62%
GOOGL	C	0.87%	3.99%	0.87%
LLY	F	2.4%	2.35%	2.35%
LMT	D	1.07%	0.14%	0.14%
MCD	D	1.97%	0.05%	0.05%
MCK	A	0.35%	0.13%	0.13%
META	D	1.27%	4.78%	1.27%
MMC	B	0.05%	0.06%	0.05%
MRK	D	2.29%	0.96%	0.96%
MSFT	D	7.86%	12.14%	7.86%
NVDA	B	5.54%	13.07%	5.54%
PEP	F	1.52%	0.68%	0.68%
PG	C	3.17%	0.35%	0.35%
PSA	C	0.84%	0.03%	0.03%
REGN	F	0.47%	0.03%	0.03%
TXN	C	0.86%	0.09%	0.09%
UNH	B	0.07%	0.15%	0.07%
V	A	2.25%	1.92%	1.92%
WM	B	0.68%	0.34%	0.34%

QLV Overweight 87 Positions Relative to IWY

Symbol	Grade	Weight
IBM	C	1.77%
JNJ	C	1.68%
VZ	C	1.58%
T	A	1.46%
XOM	B	1.15%
TMUS	B	1.14%
GILD	C	1.11%
ABT	B	0.92%
CME	B	0.91%
QLYS	B	0.89%
ATR	B	0.89%
WTW	B	0.87%
DUK	C	0.87%
AIZ	A	0.84%
WEC	A	0.83%
WDFC	B	0.81%
TYL	B	0.81%
ED	C	0.77%
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	C	0.72%
GIS	D	0.72%
ZM	C	0.7%
SO	C	0.68%
QGEN	D	0.67%
TRV	B	0.66%
DTM	A	0.65%
DLR	B	0.65%
AVY	F	0.64%
CALM	A	0.62%
ALL	A	0.62%
XEL	A	0.62%
GD	D	0.61%
PKG	A	0.61%
SMMT	D	0.61%
NOC	D	0.6%
BRK.A	B	0.59%
CINF	A	0.59%
RSG	A	0.58%
WCN	A	0.57%
CTVA	C	0.57%
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	A	0.52%
AEP	C	0.52%
PNW	A	0.52%
TSCO	D	0.5%
BAH	F	0.5%
SON	F	0.49%
CHRW	B	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	F	0.37%
NFG	A	0.37%
HII	F	0.36%
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%
COR	B	0.2%
LIN	C	0.19%
ALKS	C	0.19%
ADI	D	0.15%
ROP	B	0.14%
NCNO	C	0.13%
CAG	F	0.13%
L	A	0.11%
CWAN	B	0.09%
EXPD	C	0.03%

QLV Underweight 77 Positions Relative to IWY

Symbol	Grade	Weight
TSLA	B	-3.51%
MA	B	-1.7%
COST	A	-1.58%
NFLX	A	-1.39%
HD	B	-1.27%
ORCL	A	-1.13%
CRM	B	-1.02%
ADBE	C	-0.88%
NOW	A	-0.82%
INTU	B	-0.74%
ISRG	A	-0.73%
QCOM	F	-0.66%
BKNG	A	-0.63%
UBER	F	-0.58%
AMD	F	-0.56%
KO	D	-0.54%
AMAT	F	-0.51%
PGR	A	-0.5%
BX	A	-0.5%
PANW	B	-0.47%
ANET	C	-0.38%
LRCX	F	-0.36%
AMT	C	-0.36%
SBUX	A	-0.34%
KLAC	F	-0.33%
TJX	A	-0.32%
SHW	B	-0.32%
CDNS	B	-0.31%
SNPS	B	-0.31%
CMG	B	-0.31%
CRWD	B	-0.3%
MCO	B	-0.29%
CTAS	B	-0.28%
UNP	C	-0.27%
ZTS	D	-0.26%
APO	B	-0.25%
ADSK	A	-0.25%
ORLY	B	-0.25%
VRTX	D	-0.24%
AXP	A	-0.24%
ABNB	C	-0.23%
WDAY	B	-0.22%
NKE	F	-0.22%
ECL	D	-0.21%
GS	A	-0.2%
DASH	B	-0.2%
FTNT	C	-0.19%
APH	A	-0.19%
CPRT	B	-0.18%
SNOW	B	-0.16%
GE	D	-0.16%
SYK	B	-0.16%
CL	D	-0.16%
TEAM	A	-0.15%
MSI	B	-0.15%
FI	A	-0.15%
LULU	C	-0.15%
MNST	C	-0.12%
ITW	B	-0.12%
TT	A	-0.12%
KKR	A	-0.11%
CAT	B	-0.1%
HON	C	-0.09%
KMB	C	-0.07%
ELV	F	-0.06%
BA	F	-0.06%
HCA	F	-0.06%
SCHW	B	-0.05%
MMM	D	-0.05%
TDG	D	-0.05%
MS	A	-0.04%
CEG	C	-0.04%
EW	C	-0.03%
CI	D	-0.03%
EL	F	-0.02%
DELL	B	-0.02%
MRVL	B	-0.02%