QLV vs. SKF ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to ProShares UltraShort Financials (SKF)

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

SKF

ProShares UltraShort Financials

SKF Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.40

Average Daily Volume

12,877

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLV	SKF
30 Days	0.23%	-14.46%
60 Days	1.42%	-19.83%
90 Days	3.24%	-23.27%
12 Months	25.29%	-49.37%

16 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in SKF	Overlap
ALL	A	0.62%	0.64%	0.62%
BRK.A	B	0.59%	7.56%	0.59%
CB	C	0.72%	1.17%	0.72%
CINF	A	0.59%	0.27%	0.27%
CME	A	0.91%	1.25%	0.91%
DLR	B	0.65%	0.44%	0.44%
EQIX	A	0.62%	0.84%	0.62%
JPM	A	0.21%	7.27%	0.21%
L	A	0.11%	0.23%	0.11%
MKL	A	0.54%	0.28%	0.28%
MMC	B	0.05%	0.97%	0.05%
PSA	D	0.84%	0.56%	0.56%
TRV	B	0.66%	0.61%	0.61%
V	A	2.25%	5.88%	2.25%
WRB	A	0.53%	0.17%	0.17%
WTW	B	0.87%	0.44%	0.44%

QLV Overweight 98 Positions Relative to SKF

Symbol	Grade	Weight
MSFT	F	7.86%
NVDA	C	5.54%
AAPL	C	5.13%
PG	A	3.17%
AMZN	C	2.5%
LLY	F	2.4%
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%
META	D	1.27%
XOM	B	1.15%
TMUS	B	1.14%
GILD	C	1.11%
LMT	D	1.07%
ABBV	D	0.97%
ABT	B	0.92%
ADP	B	0.92%
QLYS	C	0.89%
ATR	B	0.89%
DUK	C	0.87%
GOOGL	C	0.87%
TXN	C	0.86%
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%
DOX	D	0.76%
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%
SO	D	0.68%
QGEN	D	0.67%
DTM	B	0.65%
AVY	D	0.64%
GOOG	C	0.62%
CALM	A	0.62%
XEL	A	0.62%
GD	F	0.61%
PKG	A	0.61%
SMMT	D	0.61%
NOC	D	0.6%
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%
CMS	C	0.53%
JKHY	D	0.53%
SCI	B	0.53%
CTRA	B	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%
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%
BMRN	D	0.37%
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%
CWAN	B	0.09%
UNH	C	0.07%
EXPD	D	0.03%

QLV Underweight 81 Positions Relative to SKF

Symbol	Grade	Weight
MA	C	-4.83%
BAC	A	-4.46%
WFC	A	-3.19%
C	A	-2.98%
AMT	D	-1.74%
AXP	A	-1.49%
GS	A	-1.34%
USB	A	-1.32%
TFC	A	-1.27%
SPGI	C	-1.22%
MS	A	-1.19%
PNC	B	-1.13%
BLK	C	-1.06%
CCI	D	-1.02%
PLD	D	-1.0%
SCHW	B	-0.93%
ICE	C	-0.91%
AON	A	-0.83%
COF	B	-0.81%
AIG	B	-0.77%
SPG	B	-0.76%
PGR	A	-0.75%
MCO	B	-0.7%
MET	A	-0.69%
BX	A	-0.67%
PRU	A	-0.66%
AFL	B	-0.66%
BK	A	-0.65%
WELL	A	-0.59%
TROW	B	-0.52%
AVB	B	-0.51%
STT	A	-0.5%
SBAC	D	-0.48%
EQR	B	-0.48%
DFS	B	-0.44%
O	D	-0.42%
MSCI	C	-0.4%
CSGP	D	-0.4%
WY	D	-0.39%
NTRS	A	-0.39%
AMP	A	-0.37%
VTR	C	-0.37%
HIG	B	-0.37%
SYF	B	-0.36%
MTB	A	-0.36%
FITB	A	-0.35%
BXP	D	-0.34%
CBRE	B	-0.34%
ESS	B	-0.34%
ARE	D	-0.32%
KEY	B	-0.32%
ACGL	D	-0.31%
CFG	B	-0.3%
DOC	D	-0.3%
AJG	B	-0.3%
INVH	D	-0.28%
RF	A	-0.27%
HBAN	A	-0.26%
MAA	B	-0.26%
PFG	D	-0.25%
MKTX	D	-0.24%
WPC	D	-0.24%
SUI	D	-0.24%
EXR	D	-0.24%
NLY	C	-0.23%
UDR	B	-0.23%
HST	C	-0.22%
ELS	C	-0.22%
FNF	B	-0.22%
NDAQ	A	-0.21%
RJF	A	-0.2%
LNC	B	-0.2%
EG	C	-0.19%
MPW	F	-0.19%
ALLY	C	-0.19%
EQH	B	-0.19%
GL	B	-0.18%
FDS	B	-0.18%
REG	B	-0.18%
VNO	B	-0.18%
CPT	B	-0.18%