FlexShares US Quality Low Volatility Index Fund
ALTAR
Score™
4.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.6x P/Sales
ratio
3.1x
P/BV
ratio
4.5x Div.
yield
1.7%


  • 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) $124
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 128
Wgt avg mkt cap (mns) $340,414
Large cap (>$10bn) 85.8%
Mid cap ($2-10bn) 14.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.1 %
JOHNSON & JOHNSON 4.4 %
MASTERCARD INC-CLASS A 4.0 %
MICROSOFT CORP 3.7 %
VERIZON COMMUNICATIONS INC 3.7 %
VISA INC-CLASS A SHARES 3.1 %
AMAZON.COM INC 3.1 %
MERCK & CO. INC. 3.0 %
WAL-MART STORES INC 2.4 %
ELI LILLY & CO 1.9 %
Total 34.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.3 %
IRELAND 2.4 %
BERMUDA 1.4 %
ISRAEL 1.1 %
NETHERLANDS 1.0 %
SWITZERLAND 0.7 %
LUXEMBOURG 0.6 %
BRITAIN 0.2 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.2% 2.3% -- -- 2.8%

Market Correlations
versus... Beta R-squared
S&P500 0.90 97%
MSCI EAFE 0.90 87%
MSCI Emg. Mkts. 0.62 61%

Technical Indicators
Recent close $44.40
30d moving avg. $43.34
Annualized volatility 20.3%
Short interest (ETF) 0.9%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.3%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $84,970

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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 41.3 29 -7 4.9 +0.3
USMV iShares Edge MSCI Min Vol USA ETF 38.4 15 7 5.3 +0.7
QUS SPDR MSCI USA StrategicFactors ETF 37.5 15 7 5.4 +0.8
ACIO Aptus Collared Income Opportunity ETF 37.4 79 -57 4.3 -0.3
FLLV Franklin Liberty U.S. Low Volatility ETF 35.4 29 -7 5.2 +0.5
PFM Invesco Dividend Achievers ETF 35.0 53 -31 5.0 +0.4
IWL iShares Russell Top 200 ETF 34.9 15 7 4.6 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 34.9 0 22 4.7 +0.1
MGC Vanguard Mega Cap Index Fund 34.9 7 15 4.8 +0.1
XLG Invesco S&P 500 Top 50 ETF 34.8 20 2 4.2 -0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.6 20 2 4.6 -0.1
PBP Invesco S&P 500 BuyWrite ETF 34.5 49 -27 4.6 0.0
HSPX Global X S&P 500 Covered Call ETF 34.4 60 -38 4.6 -0.1
QLC FlexShares US Quality Large Cap Index Fund 34.4 32 -10 4.8 +0.2
FLRG Fidelity U.S. Multifactor ETF 34.4 29 -7 6.1 +1.4
OEF iShares S&P 100 ETF 34.3 20 2 4.5 -0.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 34.2 12 10 4.5 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 34.1 9 13 5.2 +0.6
XYLG Global X S&P 500 Covered Call & Growth ETF 34.1 60 -38 4.6 -0.0
SPY SPDR S&P 500 ETF Trust 34.0 9 13 4.9 +0.3
IVV iShares Core S&P 500 ETF 34.0 3 19 5.0 +0.3
SPLG SPDR Portfolio Large Cap ETF 34.0 3 19 5.0 +0.3
JQUA JPMorgan U.S. Quality Factor ETF 33.9 12 10 5.1 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 33.8 27 -5 4.6 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 33.7 27 -5 4.9 +0.2
VOO VANGUARD S&P 500 ETF 33.7 3 19 5.0 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 33.6 20 2 4.9 +0.3
QDEF FlexShares Quality Dividend Defensive Index Fund 33.5 37 -15 5.7 +1.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 33.3 7 15 4.8 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 33.3 15 7 4.6 -0.0
DLN WisdomTree U.S. LargeCap Dividend Fund 33.3 28 -6 6.0 +1.3
PBUS Invesco PureBeta MSCI USA ETF 33.3 4 18 4.8 +0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 33.2 2 20 4.8 +0.2
NACP Impact Shares NAACP Minority Empowerment ETF 33.1 75 -53 4.5 -0.1
VV Vanguard Large-Cap Index Fund 32.9 4 18 4.8 +0.1
SCHX Schwab U.S. Large-Cap ETF 32.9 3 19 4.8 +0.1
AFLG First Trust Active Factor Large Cap ETF 32.9 55 -33 4.9 +0.2
SPTM SPDR Portfolio Total Stock Market ETF 32.8 3 19 5.1 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 32.6 27 -5 4.6 -0.1
ESGV Vanguard ESG U.S. Stock ETF 32.6 12 10 4.7 +0.0
IWB iShares Russell 1000 ETF 32.5 15 7 4.7 +0.0
SCHK Schwab 1000 Index ETF 32.5 5 17 4.8 +0.1
IYY iShares Dow Jones U.S. ETF 32.5 20 2 4.6 -0.0
KRMA Global X Conscious Companies ETF 32.3 43 -21 4.8 +0.1
IQSU IQ Candriam ESG US Equity ETF 32.1 9 13 4.7 +0.1
VTHR Vanguard Russell 3000 Index Fund 32.1 10 12 4.6 -0.0
CATH Global X S&P 500 Catholic Values Custom ETF 32.0 29 -7 4.7 +0.1
SFY SoFi Select 500 ETF 32.0 0 22 4.7 +0.1
EFIV SPDR S&P 500 ESG ETF 32.0 10 12 4.7 +0.1
SNPE Xtrackers S&P 500 ESG ETF 31.9 10 12 4.7 +0.1
FQAL Fidelity Quality Factor ETF 31.8 29 -7 5.1 +0.4
IWV iShares Russell 3000 ETF 31.6 20 2 4.5 -0.1
SCHB Schwab U.S. Broad Market ETF 31.6 3 19 4.7 +0.0
DFAU Dimensional US Core Equity Market ETF 31.5 12 10 4.9 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 31.5 8 14 5.9 +1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 31.5 3 19 4.6 -0.0
DTD WisdomTree U.S.Total Dividend Fund 31.4 28 -6 6.2 +1.5
IWY iShares Russell Top 200 Growth ETF 31.4 20 2 3.7 -0.9
DGRO iShares Core Dividend Growth ETF 31.2 8 14 6.2 +1.5
VOOG Vanguard S&P 500 Growth ETF 30.9 10 12 4.1 -0.6
VONE Vanguard Russell 1000 ETF 30.9 8 14 4.7 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 30.9 32 -10 4.7 +0.0
HIPR Direxion High Growth ETF 30.9 40 -18 4.3 -0.4
OUSA O'Shares FTSE US Quality Dividend ETF 30.9 48 -26 5.5 +0.9
ADME Aptus Drawdown Managed Equity ETF 30.8 79 -57 3.4 -1.2
VTI Vanguard Total Stock Market Index Fund 30.6 3 19 4.6 -0.0
HUSV First Trust Horizon Managed Volatility Domestic ETF 30.5 70 -48 5.6 +0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 30.3 12 10 4.1 -0.5
FLQL Franklin LibertyQ U.S. Equity ETF 30.3 15 7 5.8 +1.2
SPYG SPDR Portfolio S&P 500 Growth ETF 30.3 4 18 4.1 -0.5
IVW iShares S&P 500 Growth ETF 30.3 18 4 4.0 -0.7
SPMV Invesco S&P 500 Minimum Variance ETF 30.2 10 12 5.5 +0.8
IWF iShares Russell 1000 Growth ETF 30.2 19 3 3.6 -1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 30.2 60 -38 3.8 -0.9
QDF FlexShares Quality Dividend Index Fund 30.0 37 -15 5.7 +1.0
VEGN US Vegan Climate ETF 30.0 60 -38 4.7 +0.0
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 30.0 35 -13 6.7 +2.0
IUSG iShares Core S&P US Growth ETF 29.9 4 18 4.1 -0.5
VONG Vanguard Russell 1000 Growth Index Fund 29.9 8 14 3.7 -1.0
FVAL Fidelity Value Factor ETF 29.8 29 -7 7.1 +2.5
RECS Columbia Research Enhanced Core ETF 29.8 15 7 5.2 +0.6
VIG Vanguard Dividend Appreciation Index Fund 29.8 6 16 5.0 +0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.6 15 7 5.8 +1.2
STLC iShares Factors US Blend Style ETF 29.6 25 -3 4.9 +0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 29.5 19 3 5.5 +0.8
QUAL iShares MSCI Usa Quality Factor ETF 29.1 15 7 5.0 +0.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 29.1 52 -30 5.0 +0.4
WOMN Impact Shares YWCA Women's Empowerment ETF 29.0 75 -53 3.7 -0.9
JHML John Hancock Multifactor Large Cap ETF 29.0 29 -7 5.0 +0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 28.8 28 -6 6.1 +1.5
RFFC RiverFront Dynamic US Flex-Cap ETF 28.8 52 -30 4.6 -0.1
MTUM iShares MSCI USA Momentum Factor ETF 28.8 15 7 4.0 -0.7
MGK Vanguard Mega Cap Growth ETF 28.7 7 15 3.8 -0.8
EXT WisdomTree U.S. Total Earnings Fund 28.7 28 -6 5.2 +0.5
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 28.7 49 -27 4.3 -0.4
SPQQ Siren Large Cap Blend Index ETF 28.7 20 2 4.4 -0.2
AVUS Avantis U.S. Equity ETF 28.5 15 7 5.1 +0.5
LGLV SPDR Russell 1000 Low Volatility ETF 28.3 12 10 5.2 +0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 28.1 29 -7 5.2 +0.5

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.7 %
Divided by: Fwd. P/BV 4.1 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
1.50 CATEGORY
AVERAGE
1.49
 
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.