SPYV vs. QLV ETF Comparison

Comparison of SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV) to FlexShares US Quality Low Volatility Index Fund (QLV)

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.67

Average Daily Volume

2,147,969

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

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

Performance

Period	SPYV	QLV
30 Days	2.77%	0.23%
60 Days	4.01%	1.42%
90 Days	6.06%	3.24%
12 Months	26.94%	25.29%

71 Overlapping Holdings

Symbol	Grade	Weight in SPYV	Weight in QLV	Overlap
ABBV	D	0.88%	0.97%	0.88%
ABT	B	0.94%	0.92%	0.92%
ADI	D	0.2%	0.15%	0.15%
ADP	B	0.35%	0.92%	0.35%
AEE	A	0.11%	0.56%	0.11%
AEP	D	0.23%	0.52%	0.23%
AIZ	A	0.05%	0.84%	0.05%
ALL	A	0.24%	0.62%	0.24%
AMGN	D	0.75%	0.73%	0.73%
AVY	D	0.08%	0.64%	0.08%
AZO	C	0.08%	0.56%	0.08%
BRK.A	B	4.01%	0.59%	0.59%
CAG	D	0.06%	0.13%	0.06%
CB	C	0.5%	0.72%	0.5%
CHRW	C	0.06%	0.49%	0.06%
CINF	A	0.11%	0.59%	0.11%
CME	A	0.24%	0.91%	0.24%
CMS	C	0.09%	0.53%	0.09%
COR	B	0.2%	0.2%	0.2%
CTRA	B	0.03%	0.53%	0.03%
CTVA	C	0.19%	0.57%	0.19%
DLR	B	0.15%	0.65%	0.15%
DUK	C	0.4%	0.87%	0.4%
EA	A	0.1%	0.23%	0.1%
ED	D	0.15%	0.77%	0.15%
EQIX	A	0.21%	0.62%	0.21%
EXPD	D	0.05%	0.03%	0.03%
GD	F	0.35%	0.61%	0.35%
GILD	C	0.54%	1.11%	0.54%
GIS	D	0.17%	0.72%	0.17%
HII	D	0.04%	0.36%	0.04%
HRL	D	0.04%	0.4%	0.04%
HSY	F	0.08%	0.46%	0.08%
IBM	C	0.9%	1.77%	0.9%
JKHY	D	0.06%	0.53%	0.06%
JNJ	D	1.71%	1.68%	1.68%
JPM	A	3.22%	0.21%	0.21%
K	A	0.1%	0.77%	0.1%
L	A	0.07%	0.11%	0.07%
LIN	D	0.49%	0.19%	0.19%
LMT	D	0.54%	1.07%	0.54%
MCD	D	0.56%	1.97%	0.56%
MCK	B	0.37%	0.35%	0.35%
MMC	B	0.25%	0.05%	0.05%
MRK	F	0.7%	2.29%	0.7%
NOC	D	0.32%	0.6%	0.32%
PEP	F	0.68%	1.52%	0.68%
PG	A	1.12%	3.17%	1.12%
PKG	A	0.1%	0.61%	0.1%
PM	B	0.59%	0.21%	0.21%
PNW	B	0.05%	0.52%	0.05%
PSA	D	0.14%	0.84%	0.14%
REGN	F	0.16%	0.47%	0.16%
ROP	B	0.16%	0.14%	0.14%
RSG	A	0.09%	0.58%	0.09%
SO	D	0.44%	0.68%	0.44%
T	A	0.75%	1.46%	0.75%
TMUS	B	0.55%	1.14%	0.55%
TRV	B	0.27%	0.66%	0.27%
TSCO	D	0.08%	0.5%	0.08%
TXN	C	0.56%	0.86%	0.56%
UNH	C	1.59%	0.07%	0.07%
V	A	0.82%	2.25%	0.82%
VRSK	A	0.09%	0.39%	0.09%
VZ	C	0.81%	1.58%	0.81%
WEC	A	0.14%	0.83%	0.14%
WM	A	0.2%	0.68%	0.2%
WRB	A	0.08%	0.53%	0.08%
WTW	B	0.15%	0.87%	0.15%
XEL	A	0.18%	0.62%	0.18%
XOM	B	2.51%	1.15%	1.15%

SPYV Overweight 362 Positions Relative to QLV

Symbol	Grade	Weight
WMT	A	1.72%
BAC	A	1.45%
CVX	A	1.29%
HD	A	1.19%
WFC	A	1.16%
COST	B	1.11%
CSCO	B	1.09%
DIS	B	0.93%
GS	A	0.87%
CMCSA	B	0.79%
MS	A	0.77%
RTX	C	0.74%
DHR	F	0.72%
LOW	D	0.72%
NEE	D	0.72%
HON	B	0.7%
PFE	D	0.69%
KO	D	0.69%
BLK	C	0.68%
C	A	0.61%
TMO	F	0.59%
BMY	B	0.56%
SCHW	B	0.56%
MA	C	0.56%
MU	D	0.52%
GE	D	0.52%
MDT	D	0.52%
PLD	D	0.5%
INTC	D	0.5%
ACN	C	0.49%
UPS	C	0.46%
ELV	F	0.44%
MO	A	0.44%
SPGI	C	0.43%
ICE	C	0.42%
CI	F	0.42%
QCOM	F	0.41%
PYPL	B	0.41%
PNC	B	0.39%
USB	A	0.37%
CAT	B	0.37%
UNP	C	0.37%
WELL	A	0.36%
EMR	A	0.35%
PGR	A	0.35%
MMM	D	0.34%
COF	B	0.33%
APD	A	0.33%
TGT	F	0.33%
CVS	D	0.32%
BDX	F	0.31%
FDX	B	0.31%
ISRG	A	0.3%
GM	B	0.3%
SLB	C	0.29%
TFC	A	0.29%
NSC	B	0.28%
JCI	C	0.27%
BK	A	0.27%
SRE	A	0.27%
BSX	B	0.27%
FI	A	0.27%
ETN	A	0.26%
AFL	B	0.26%
BA	F	0.26%
AMT	D	0.25%
PSX	C	0.25%
MDLZ	F	0.24%
GEV	B	0.24%
KMI	A	0.24%
NKE	D	0.24%
FIS	C	0.23%
AXP	A	0.23%
MET	A	0.23%
AIG	B	0.23%
O	D	0.23%
CMI	A	0.23%
SBUX	A	0.22%
NEM	D	0.22%
LHX	C	0.22%
D	C	0.22%
SYK	C	0.22%
TJX	A	0.22%
KMB	D	0.21%
CCI	D	0.21%
PCG	A	0.21%
VLO	C	0.21%
PRU	A	0.21%
VRTX	F	0.21%
SHW	A	0.21%
KVUE	A	0.21%
CL	D	0.21%
BKR	B	0.2%
F	C	0.2%
PEG	A	0.2%
DE	A	0.2%
CBRE	B	0.19%
MCO	B	0.19%
AON	A	0.19%
CTSH	B	0.19%
COP	C	0.19%
WMB	A	0.19%
KDP	D	0.18%
GEHC	F	0.18%
STZ	D	0.18%
A	D	0.18%
EXC	C	0.18%
APH	A	0.18%
CEG	D	0.18%
KR	B	0.18%
ITW	B	0.18%
MTB	A	0.17%
ZTS	D	0.17%
HPQ	B	0.17%
GLW	B	0.17%
BX	A	0.17%
SYY	B	0.17%
HCA	F	0.16%
CTAS	B	0.16%
RMD	C	0.16%
HUM	C	0.16%
HIG	B	0.16%
OXY	D	0.16%
SPG	B	0.16%
CSX	B	0.16%
WAB	B	0.16%
EXR	D	0.16%
MSI	B	0.16%
DD	D	0.16%
FCX	D	0.15%
DOW	F	0.15%
ETR	B	0.15%
AJG	B	0.15%
ADSK	A	0.15%
EIX	B	0.15%
FITB	A	0.15%
NDAQ	A	0.15%
AVB	B	0.15%
CARR	D	0.15%
VICI	C	0.15%
XYL	D	0.14%
GPN	B	0.14%
CAH	B	0.14%
ABNB	C	0.14%
RJF	A	0.14%
UAL	A	0.14%
EBAY	D	0.14%
ECL	D	0.14%
CNC	D	0.14%
TROW	B	0.13%
KEYS	A	0.13%
HPE	B	0.13%
DOV	A	0.13%
KHC	F	0.13%
STT	A	0.13%
PAYX	C	0.13%
TT	A	0.13%
PPG	F	0.13%
PPL	B	0.12%
DVN	F	0.12%
DTE	C	0.12%
SW	A	0.12%
EQR	B	0.12%
EW	C	0.12%
ADM	D	0.12%
HBAN	A	0.12%
VLTO	D	0.12%
EQT	B	0.12%
SYF	B	0.12%
AWK	D	0.12%
AMP	A	0.12%
EOG	A	0.12%
VTR	C	0.12%
HAL	C	0.12%
WY	D	0.11%
LDOS	C	0.11%
IFF	D	0.11%
AME	A	0.11%
FAST	B	0.11%
MPC	D	0.11%
OKE	A	0.11%
RF	A	0.11%
BIIB	F	0.11%
OTIS	C	0.11%
ZBRA	B	0.1%
CLX	B	0.1%
MSCI	C	0.1%
OMC	C	0.1%
CHTR	C	0.1%
WDC	D	0.1%
YUM	B	0.1%
CFG	B	0.1%
FSLR	F	0.1%
FE	C	0.1%
NTRS	A	0.1%
LYB	F	0.1%
IQV	D	0.1%
ES	D	0.1%
WBD	C	0.1%
ZBH	C	0.1%
TDY	B	0.1%
ATO	A	0.1%
DAL	C	0.09%
TSN	B	0.09%
PFG	D	0.09%
MAA	B	0.09%
BALL	D	0.09%
MKC	D	0.09%
NRG	B	0.09%
INVH	D	0.09%
ORLY	B	0.09%
HWM	A	0.09%
LUV	C	0.09%
ESS	B	0.09%
CNP	B	0.09%
EFX	F	0.09%
PH	A	0.09%
IP	B	0.09%
LH	C	0.09%
DFS	B	0.09%
ON	D	0.08%
TXT	D	0.08%
NI	A	0.08%
BAX	D	0.08%
GEN	B	0.08%
IRM	D	0.08%
PCAR	B	0.08%
MTD	D	0.08%
KIM	A	0.08%
ARE	D	0.08%
ROK	B	0.08%
DG	F	0.08%
TRMB	B	0.08%
GPC	D	0.08%
TER	D	0.08%
IEX	B	0.08%
DGX	A	0.08%
CSGP	D	0.08%
J	F	0.08%
KEY	B	0.08%
BBY	D	0.08%
LEN	D	0.08%
HOLX	D	0.08%
DELL	C	0.08%
CDW	F	0.07%
NDSN	B	0.07%
SBAC	D	0.07%
WAT	B	0.07%
FFIV	B	0.07%
NXPI	D	0.07%
RVTY	F	0.07%
CHD	B	0.07%
APTV	D	0.07%
EVRG	A	0.07%
MCHP	D	0.07%
AMCR	D	0.07%
TTWO	A	0.07%
PWR	A	0.07%
JBHT	C	0.07%
GRMN	B	0.07%
DOC	D	0.07%
VTRS	A	0.07%
EL	F	0.07%
NTAP	C	0.07%
LNT	A	0.07%
IDXX	F	0.07%
MNST	C	0.07%
EG	C	0.07%
EMN	D	0.06%
SJM	D	0.06%
ALB	C	0.06%
UHS	D	0.06%
STX	D	0.06%
REG	B	0.06%
MLM	B	0.06%
KMX	B	0.06%
BG	F	0.06%
INCY	C	0.06%
JNPR	F	0.06%
HUBB	B	0.06%
ANSS	B	0.06%
CPT	B	0.06%
NUE	C	0.06%
GWW	B	0.06%
SWK	D	0.06%
DLTR	F	0.06%
TPR	B	0.06%
SWKS	F	0.06%
MRNA	F	0.06%
UDR	B	0.06%
VMC	B	0.06%
IR	B	0.05%
STE	F	0.05%
GL	B	0.05%
AES	F	0.05%
FDS	B	0.05%
MKTX	D	0.05%
CRL	C	0.05%
LKQ	D	0.05%
SNA	A	0.05%
CTLT	B	0.05%
FOXA	B	0.05%
IPG	D	0.05%
TAP	C	0.05%
NWSA	B	0.05%
PODD	C	0.05%
BR	A	0.05%
TECH	D	0.05%
BXP	D	0.05%
DXCM	D	0.05%
ALLE	D	0.04%
MRO	B	0.04%
BWA	D	0.04%
MAS	D	0.04%
IVZ	B	0.04%
ROL	B	0.04%
VRSN	F	0.04%
MTCH	D	0.04%
HAS	D	0.04%
MOS	F	0.04%
EPAM	C	0.04%
HSIC	B	0.04%
FRT	B	0.04%
CPB	D	0.04%
TFX	F	0.04%
PTC	A	0.04%
DPZ	C	0.04%
SOLV	C	0.04%
DRI	B	0.04%
ENPH	F	0.03%
DAY	B	0.03%
BRO	B	0.03%
FOX	A	0.03%
POOL	C	0.03%
ULTA	F	0.03%
QRVO	F	0.03%
WBA	F	0.03%
PAYC	B	0.03%
LVS	C	0.03%
BEN	C	0.03%
JBL	B	0.03%
PARA	C	0.03%
FMC	D	0.03%
ALGN	D	0.03%
AKAM	D	0.03%
CF	B	0.03%
CCL	B	0.03%
STLD	B	0.03%
MHK	D	0.03%
MOH	F	0.03%
CBOE	B	0.03%
AOS	F	0.02%
CZR	F	0.02%
NWS	B	0.02%
RL	B	0.02%
LW	C	0.02%
ERIE	D	0.02%
GNRC	B	0.02%
HST	C	0.02%
PNR	A	0.02%
MGM	D	0.01%
DVA	B	0.01%

SPYV Underweight 43 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	F	-7.86%
NVDA	C	-5.54%
AAPL	C	-5.13%
AMZN	C	-2.5%
LLY	F	-2.4%
META	D	-1.27%
QLYS	C	-0.89%
ATR	B	-0.89%
GOOGL	C	-0.87%
WDFC	B	-0.81%
TYL	B	-0.81%
RGLD	C	-0.77%
DOX	D	-0.76%
LSTR	D	-0.74%
CHE	D	-0.74%
CHKP	D	-0.72%
ZM	B	-0.7%
QGEN	D	-0.67%
DTM	B	-0.65%
GOOG	C	-0.62%
CALM	A	-0.62%
SMMT	D	-0.61%
WCN	A	-0.57%
SIGI	C	-0.55%
STNG	F	-0.55%
MKL	A	-0.54%
SCI	B	-0.53%
ADC	B	-0.52%
BAH	F	-0.5%
SON	D	-0.49%
FLO	D	-0.47%
TTEK	F	-0.46%
NBIX	C	-0.43%
AVGO	D	-0.4%
BMRN	D	-0.37%
NFG	A	-0.37%
SLGN	A	-0.33%
DDS	B	-0.3%
BMI	B	-0.28%
CRUS	D	-0.26%
ALKS	B	-0.19%
NCNO	B	-0.13%
CWAN	B	-0.09%