FlexShares US Quality Low Volatility Index Fund
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
24.4x P/Sales
ratio
3.1x
P/BV
ratio
4.2x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The FlexShares US Quality Low Volatility Index ETF tracks a multi-factor selected index of U.S. large- and mid-cap equities.

FUND BASICS
Category US Equities
Fund Sponsor Northern Trust
Website www.flexshares.com
Inception date Jul 15, 2019
Assets (mns) $106
Currency USD
Expense ratio 22 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 121
Wgt avg mkt cap (mns) $329,012
Large cap (>$10bn) 84.2%
Mid cap ($2-10bn) 15.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.0 %
JOHNSON & JOHNSON 4.8 %
VERIZON COMMUNICATIONS INC 4.5 %
MICROSOFT CORP 4.0 %
MASTERCARD INC-CLASS A 3.9 %
MERCK & CO. INC. 3.1 %
ELI LILLY & CO 3.0 %
VISA INC-CLASS A SHARES 2.9 %
AMAZON.COM INC 2.8 %
PEPSICO INC 2.5 %
Total 36.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.0 %
IRELAND 2.7 %
BERMUDA 2.0 %
ISRAEL 1.3 %
NETHERLANDS 1.0 %
LUXEMBOURG 0.8 %
SWITZERLAND 0.6 %
BRITAIN 0.2 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.8% -- -- -- 4.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $42.39
30d moving avg. $40.72
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 59
Turnover 2.4%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $88,443

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the FlexShares US Quality Low Volatility Index Fund ETF based on the alternatives' overlap in portfolio holdings with QLV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QLV Expense: 22 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QLV
Ticker Fund
Name
Overlap1
vs QLV
(%)
Expense
ratio
(bp)
Savings
vs QLV
(bp)
ALTAR
Score™
(%)
ALTAR
vs QLV
(%)
FDLO Fidelity Low Volatility Factor ETF 42.8 29 -7 5.0 +0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 38.4 12 10 4.6 -0.1
USMV iShares Edge MSCI Min Vol USA ETF 37.6 15 7 5.4 +0.7
QUS SPDR MSCI USA StrategicFactors ETF 36.7 15 7 5.7 +1.1
ACIO Aptus Collared Income Opportunity ETF 34.9 79 -57 4.1 -0.5
FLLV Franklin Liberty U.S. Low Volatility ETF 34.0 29 -7 5.6 +1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 33.5 20 2 4.7 +0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 33.4 37 -15 5.7 +1.1
XLG Invesco S&P 500 Top 50 ETF 33.4 20 2 4.3 -0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 33.4 0 22 4.9 +0.3
IWL iShares Russell Top 200 ETF 33.3 15 7 4.8 +0.1
PFM Invesco Dividend Achievers ETF 33.3 54 -32 5.3 +0.6
JQUA JPMorgan U.S. Quality Factor ETF 33.2 12 10 5.2 +0.5
PBP Invesco S&P 500 BuyWrite ETF 32.8 49 -27 4.8 +0.2
MGC Vanguard Mega Cap Index Fund 32.8 7 15 5.0 +0.4
OEF iShares S&P 100 ETF 32.6 20 2 4.6 -0.0
HSPX Global X S&P 500 Covered Call ETF 32.4 65 -43 4.7 +0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 32.3 9 13 5.3 +0.7
SPY SPDR S&P 500 ETF Trust 32.2 9 13 5.2 +0.5
SPLG SPDR Portfolio Large Cap ETF 32.2 3 19 5.2 +0.6
IVV iShares Core S&P 500 ETF 32.2 4 18 5.2 +0.6
NACP Impact Shares NAACP Minority Empowerment ETF 32.2 75 -53 4.5 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 32.1 27 -5 4.8 +0.1
OUSA O'Shares FTSE US Quality Dividend ETF 32.1 48 -26 5.5 +0.9
VOO VANGUARD S&P 500 ETF 32.1 3 19 5.2 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 32.0 27 -5 5.1 +0.5
DGRO iShares Core Dividend Growth ETF 32.0 8 14 6.5 +1.9
SPMO Invesco S&P 500 Momentum ETF 32.0 13 9 4.1 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 31.8 20 2 5.1 +0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 31.8 7 15 5.0 +0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 31.8 28 -6 6.3 +1.6
PBUS Invesco PureBeta MSCI USA ETF 31.7 4 18 5.1 +0.4
IQSU IQ Candriam ESG US Equity ETF 31.6 9 13 4.9 +0.2
FQAL Fidelity Quality Factor ETF 31.6 29 -7 5.4 +0.7
AFLG First Trust Active Factor Large Cap ETF 31.6 55 -33 5.3 +0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 31.5 2 20 5.1 +0.5
SCHX Schwab U.S. Large-Cap ETF 31.4 3 19 5.1 +0.5
VV Vanguard Large-Cap Index Fund 31.4 4 18 5.0 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 31.4 27 -5 4.8 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 31.3 3 19 5.3 +0.7
ESGU iShares MSCI USA ESG Optimized ETF 31.2 15 7 4.9 +0.3
VONE Vanguard Russell 1000 ETF 31.0 8 14 5.0 +0.4
SCHK Schwab 1000 Index ETF 31.0 5 17 5.1 +0.4
IWB iShares Russell 1000 ETF 30.9 15 7 4.9 +0.3
IYY iShares Dow Jones U.S. ETF 30.9 20 2 5.0 +0.3
QLC FlexShares US Quality Large Cap Index Fund 30.6 32 -10 5.2 +0.6
DTD WisdomTree U.S.Total Dividend Fund 30.5 28 -6 6.5 +1.8
SNPE Xtrackers S&P 500 ESG ETF 30.4 11 11 4.9 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 30.4 8 14 6.3 +1.7
SCHB Schwab U.S. Broad Market ETF 30.3 3 19 5.0 +0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.2 3 19 5.0 +0.3
IWV iShares Russell 3000 ETF 30.2 20 2 4.8 +0.2
VTHR Vanguard Russell 3000 Index Fund 30.2 10 12 4.9 +0.2
IWY iShares Russell Top 200 Growth ETF 30.1 20 2 3.7 -1.0
SFY SoFi Select 500 ETF 29.9 0 22 5.0 +0.4
VTI Vanguard Total Stock Market Index Fund 29.8 3 19 4.9 +0.3
CATH Global X S&P 500 Catholic Values Custom ETF 29.7 29 -7 5.0 +0.4
VEGN US Vegan Climate ETF 29.7 60 -38 5.0 +0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 29.6 28 -6 6.3 +1.7
FDMO Fidelity Momentum Factor ETF 29.2 29 -7 3.7 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 29.0 12 10 4.4 -0.2
QUAL iShares MSCI Usa Quality Factor ETF 29.0 15 7 5.3 +0.6
IWF iShares Russell 1000 Growth ETF 29.0 19 3 3.6 -1.1
VONG Vanguard Russell 1000 Growth Index Fund 29.0 8 14 3.7 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 29.0 4 18 4.2 -0.5
VOOG Vanguard S&P 500 Growth ETF 29.0 10 12 4.1 -0.5
IVW iShares S&P 500 Growth ETF 29.0 18 4 4.0 -0.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 28.9 52 -30 4.8 +0.2
LVUS Hartford Multifactor Low Volatility US Equity ETF 28.8 19 3 6.0 +1.4
ADME Aptus Drawdown Managed Equity ETF 28.8 81 -59 3.2 -1.4
IUSG iShares Core S&P US Growth ETF 28.7 4 18 4.2 -0.5
JHML John Hancock Multifactor Large Cap ETF 28.7 29 -7 5.4 +0.7
RECS Columbia Research Enhanced Core ETF 28.6 15 7 5.4 +0.8
AVUS Avantis U.S. Equity ETF 28.4 15 7 5.5 +0.8
VIG Vanguard Dividend Appreciation Index Fund 28.4 6 16 5.2 +0.6
ESG FlexShares STOXX US ESG Impact Index Fund 28.3 32 -10 4.9 +0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 28.3 30 -8 6.3 +1.7
LGLV SPDR Russell 1000 Low Volatility ETF 28.2 12 10 5.5 +0.9
HIPR Direxion High Growth ETF 28.1 40 -18 4.3 -0.3
ESGV Vanguard ESG U.S. Stock ETF 28.0 12 10 4.9 +0.3
YLDE ClearBridge Dividend Strategy ESG ETF 27.9 60 -38 4.8 +0.2
QDF FlexShares Quality Dividend Index Fund 27.8 37 -15 6.0 +1.4
FLQL Franklin LibertyQ U.S. Equity ETF 27.6 15 7 6.0 +1.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 27.6 19 3 5.9 +1.2
FTHI First Trust High Income ETF 27.6 85 -63 4.8 +0.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 27.6 29 -7 5.8 +1.2
DIVB iShares U.S. Dividend & Buyback ETF 27.6 25 -3 6.4 +1.8
EXT WisdomTree U.S. Total Earnings Fund 27.4 28 -6 5.0 +0.4
BVAL Brand Value ETF 27.4 65 -43 5.5 +0.9
KRMA Global X Conscious Companies ETF 27.3 43 -21 5.0 +0.4
FTLB First Trust Hedged BuyWrite Income ETF 27.2 85 -63 4.8 +0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 27.2 60 -38 4.0 -0.7
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 27.2 49 -27 4.5 -0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 27.1 15 7 6.0 +1.4
SPMV Invesco S&P 500 Minimum Variance ETF 27.1 10 12 5.6 +1.0
MGK Vanguard Mega Cap Growth ETF 27.0 7 15 3.9 -0.8
TMFC Motley Fool 100 Index ETF 26.9 50 -28 3.3 -1.4
ROUS Hartford Multifactor US Equity ETF 26.7 19 3 7.0 +2.4
IUS Invesco Strategic US ETF 26.6 19 3 6.3 +1.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 26.6 25 -3 6.2 +1.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
FlexShares US Quality Low Volatility Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.8 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 22 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.