QLV vs. XRLV ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio (XRLV)

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

XRLV

PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio

XRLV Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility Rate Response Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to include stocks exhibiting low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$56.04

Average Daily Volume

803

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	QLV	XRLV
30 Days	0.23%	2.47%
60 Days	1.42%	4.00%
90 Days	3.24%	6.43%
12 Months	25.29%	23.64%

36 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in XRLV	Overlap
ABBV	D	0.96%	0.76%	0.76%
ABT	B	0.93%	0.92%	0.92%
ADP	B	0.92%	1.04%	0.92%
AVY	D	0.63%	0.92%	0.63%
BRK.A	B	0.59%	1.43%	0.59%
CB	C	0.71%	1.04%	0.71%
CME	A	0.94%	1.06%	0.94%
CMS	C	0.54%	0.91%	0.54%
COR	B	0.2%	0.98%	0.2%
DUK	C	0.9%	0.96%	0.9%
EA	A	0.23%	0.97%	0.23%
ED	D	0.79%	0.87%	0.79%
GD	F	0.58%	0.93%	0.58%
GIS	D	0.72%	0.78%	0.72%
JKHY	D	0.53%	0.86%	0.53%
JNJ	D	1.71%	1.01%	1.01%
JPM	A	0.21%	1.12%	0.21%
L	A	0.11%	1.24%	0.11%
LIN	D	0.19%	1.04%	0.19%
LMT	D	1.06%	0.9%	0.9%
MCD	D	1.93%	1.06%	1.06%
MCK	B	0.35%	0.88%	0.35%
MMC	B	0.05%	1.14%	0.05%
PEP	F	1.47%	0.89%	0.89%
PG	A	3.25%	1.13%	1.13%
PKG	A	0.63%	1.04%	0.63%
PM	B	0.21%	1.08%	0.21%
REGN	F	0.45%	0.66%	0.45%
ROP	B	0.13%	1.06%	0.13%
RSG	A	0.59%	1.21%	0.59%
SO	D	0.69%	0.93%	0.69%
TMUS	B	1.13%	1.45%	1.13%
V	A	2.26%	1.34%	1.34%
VRSK	A	0.39%	0.9%	0.39%
WEC	A	0.86%	0.93%	0.86%
WM	A	0.67%	0.98%	0.67%

QLV Overweight 78 Positions Relative to XRLV

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%
IBM	C	1.82%
VZ	C	1.64%
T	A	1.51%
META	D	1.25%
XOM	B	1.15%
GILD	C	1.07%
QLYS	C	0.88%
GOOGL	C	0.88%
ATR	B	0.86%
AIZ	A	0.86%
WTW	B	0.85%
TXN	C	0.84%
PSA	D	0.84%
RGLD	C	0.83%
TYL	B	0.8%
WDFC	B	0.8%
K	A	0.77%
DOX	D	0.74%
CHE	D	0.73%
CHKP	D	0.72%
AMGN	D	0.71%
LSTR	D	0.71%
DLR	B	0.68%
TRV	B	0.67%
QGEN	D	0.67%
DTM	B	0.67%
ZM	B	0.67%
CALM	A	0.65%
XEL	A	0.64%
EQIX	A	0.64%
ALL	A	0.63%
GOOG	C	0.62%
CINF	A	0.6%
SMMT	D	0.59%
CTVA	C	0.59%
NOC	D	0.59%
AEE	A	0.58%
WCN	A	0.58%
CTRA	B	0.57%
WRB	A	0.55%
AZO	C	0.55%
STNG	F	0.55%
MKL	A	0.54%
AEP	D	0.54%
SCI	B	0.54%
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%
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%
ALKS	B	0.19%
ADI	D	0.15%
NCNO	B	0.13%
CAG	D	0.13%
CWAN	B	0.09%
UNH	C	0.07%
EXPD	D	0.03%

QLV Underweight 64 Positions Relative to XRLV

Symbol	Grade	Weight
FI	A	-1.3%
KMI	A	-1.28%
AMP	A	-1.26%
WMB	A	-1.22%
MA	C	-1.19%
WMT	A	-1.19%
HON	B	-1.18%
BK	A	-1.16%
OKE	A	-1.16%
ITW	B	-1.13%
MSI	B	-1.13%
TJX	A	-1.13%
ATO	A	-1.12%
KO	D	-1.12%
AME	A	-1.11%
ETR	B	-1.11%
CSCO	B	-1.11%
IEX	B	-1.07%
MET	A	-1.05%
PRU	A	-1.04%
HIG	B	-1.03%
SRE	A	-1.03%
CL	D	-1.03%
HLT	A	-1.02%
CTAS	B	-1.0%
PPL	B	-1.0%
PEG	A	-0.99%
WELL	A	-0.99%
YUM	B	-0.99%
CHD	B	-0.99%
PFG	D	-0.99%
DRI	B	-0.98%
PAYX	C	-0.98%
MO	A	-0.97%
NI	A	-0.97%
BRO	B	-0.97%
CSX	B	-0.96%
AIG	B	-0.96%
AJG	B	-0.95%
AFL	B	-0.95%
UNP	C	-0.94%
BR	A	-0.94%
LNT	A	-0.94%
VRSN	F	-0.93%
DGX	A	-0.92%
AVB	B	-0.92%
MDT	D	-0.91%
LH	C	-0.91%
EVRG	A	-0.9%
OMC	C	-0.89%
KMB	D	-0.88%
ECL	D	-0.88%
FE	C	-0.87%
MDLZ	F	-0.87%
PPG	F	-0.87%
STZ	D	-0.87%
HOLX	D	-0.85%
SYY	B	-0.84%
CBOE	B	-0.83%
KDP	D	-0.81%
BDX	F	-0.8%
LYB	F	-0.76%
DOW	F	-0.71%
ELV	F	-0.64%