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QLVvsESMVETF Comparison

ETF 1

QLV

FlexShares US Quality Low Volatility Index Fund ETF

This fund is part of

US Multi-Factor

+0.13%

Full QLV fund page

VS

ETF 2

ESMV

iShares ESG Optimized MSCI USA Min Vol Factor ETF

This fund is part of

US Low Volatility

-0.16%

Full ESMV fund page

FlexShares US Quality Low Volatility Index Fund ETF (QLV) belongs to the US Multi-Factor segment. iShares ESG Optimized MSCI USA Min Vol Factor ETF (ESMV) is part of the US Low Volatility segment. QLV's top 3 sector exposures are Information Technology, Health Care and Financials. In contrast, ESMV's top sector exposures are Information Technology, Health Care and Consumer Staples. QLV is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.18% for ESMV. QLV is up 3.67% year-to-date (YTD) with +$19M in YTD flows. ESMV performs worse with 2.16% YTD performance, and - in YTD flows. Run a side-by-side ETF comparison of QLV and ESMV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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QLV vs ESMV performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 05/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	QLV ESMV	+3.36%+3.76%	+1.10%+0.76%	+3.67%+2.16%	+16.77%+6.29%	+48.83%+31.35%	+62.30%n/a
Flows	QLV ESMV	-$11M-	+$21M-	+$19M-	+$19M-$1M	-$34M-$875K	-$44M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	QLV ESMV	+8.90%+10.34%	+8.18%+9.18%	+10.52%+10.72%	+13.06%n/a
Max drawdown	QLV ESMV	-6.16%-7.10%	-6.16%-7.10%	-11.95%-12.08%	-18.21%n/a
Max drawdown duration	QLV ESMV	60d61d	60d61d	186d423d	712dn/a

Trading data

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	QLV	ESMV
Last sale 5/1/2026 at 7:59 PM	$74.44	$29.34
Previous close 05/01/2026	$74.59	$29.31
Consolidated volume 05/01/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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	QLV	ESMV
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/1/2026 at 7:59 PM

Live

Closed

	QLV	ESMV
Last price	$74.44	$29.34
1D performance	-0.20%	+0.08%
AuM	$169.28 M	$7.34 M
E/R	0.09%	0.18%

Characteristics

	QLV	ESMV
Management strategy	Passive	Passive
Provider	FlexShares	iShares
Benchmark	Northern Trust Quality Low Volatility Index	MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index
N° of holdings	110	151
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 16, 2019	November 4, 2021
ESG	No	Yes

More QLV data on Trackinsight

More ESMV data on Trackinsight

Exposure

Countries

QLV

USA

91.62%

Other

8.38%

ESMV

USA

94.33%

Other

5.67%

Sectors

QLV

Information Techn.

30.66%

Health Care

13.43%

Financials

8.69%

Consumer Staples

8.3%

Communication Ser.

7.66%

Other

31.24%

ESMV

Information Techn.

31.66%

Health Care

14.26%

Consumer Staples

9.3%

Financials

8.95%

Other

35.83%

Diversification

QLV

Total weight of top 15 holdings out of 15

41.49%

ESMV

Total weight of top 15 holdings out of 15

22.46%

Top 15 holdings

Data as of March 31, 2026

QLV

NVIDIA

5.75%

MICROSOFT-T

5.06%

APPLE

5.00%

JOHNSON&JOHNSON

4.50%

EXXON

2.88%

ABBVIE

2.26%

PROCTERGAMBLE

2.26%

COSTCO WHOLESALE

2.12%

VISA INCORPORATION

2.01%

BERKSHIRE HATHWAY

1.91%

MCDONALD'S

1.75%

ALPHABET INC-CL

1.65%

MASTERCARD

1.58%

INTL BUSINESS MACHINES CORP

1.43%

MERCK & CO INC

1.34%

ESMV

US36828A1016

1.66%

VERIZON COMMUNICATIONS

1.59%

CISCO-T

1.58%

MERCK & CO INC

1.55%

SERVICENOW

1.54%

TRAVELERS COS INC/THE

1.53%

NORTHROP GRUMMAN

1.52%

NVIDIA

1.47%

VERTEX PHARMACEUTICALS

1.46%

MOTOROLA SOLUTIONS

1.45%

WELLTOWER INC

1.43%

ELECTRONIC ARTS

1.43%

MCKESSON

1.42%

KROGER

1.42%

WASTE MANAGEMENT

1.41%

Frequently asked questions about QLV and ESMV

How have the QLV and ESMV ETFs performed in 2026?

As of May 1, 2026, QLV is up 3.67% year-to-date (YTD), while ESMV has returned 2.16%. That puts QLV better performer ahead so far this year.

Which ETF is attracting more investor money: QLV or ESMV?

Year-to-date, the QLV ETF saw +$19M in flows, compared to - for ESMV.

Which ETF is more volatile: QLV or ESMV?

Over the past year, QLV had a volatility of 8.18%, while ESMV experienced 9.18%.

Which ETF is bigger: QLV or ESMV?

As of May 1, 2026, QLV holds $169.28 M in assets under management (AUM), while ESMV manages $7.34 M.

What sectors do the QLV and ESMV ETFs invest in?

QLV leans toward sectors like Information Technology, Health Care and Financials. Meanwhile, ESMV focuses on Information Technology, Health Care and Consumer Staples.

What are the top holdings of the QLV ETF and ESMV ETF?

QLV top holdings include NVIDIA, MICROSOFT-T and APPLE. ESMV holds in its top three: US36828A1016, VERIZON COMMUNICATIONS and CISCO-T.

Which ETF is more diversified: QLV or ESMV?

QLV holds 112 securities with 41.49% of its assets in the top 15. ESMV has 157 securities and a top 15 weight of 22.46%.

Dan Philips on a Quality Low Volatility Approach

May 30, 2023

QLV

Michael Natale with FlexShares

August 2, 2022

QLV

QLVvsESMVETF Comparison

FlexShares US Quality Low Volatility Index Fund ETF

iShares ESG Optimized MSCI USA Min Vol Factor ETF

QLV vs ESMV performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the QLV and ESMV ETFs performed in 2026?

As of May 1, 2026, QLV is up 3.67% year-to-date (YTD), while ESMV has returned 2.16%. That puts QLV better performer ahead so far this year.

Which ETF is attracting more investor money: QLV or ESMV?

Year-to-date, the QLV ETF saw +$19M in flows, compared to - for ESMV.

Which ETF is more volatile: QLV or ESMV?

Over the past year, QLV had a volatility of 8.18%, while ESMV experienced 9.18%.

Which ETF is bigger: QLV or ESMV?

As of May 1, 2026, QLV holds $169.28 M in assets under management (AUM), while ESMV manages $7.34 M.

What sectors do the QLV and ESMV ETFs invest in?

QLV leans toward sectors like Information Technology, Health Care and Financials. Meanwhile, ESMV focuses on Information Technology, Health Care and Consumer Staples.

What are the top holdings of the QLV ETF and ESMV ETF?

QLV top holdings include NVIDIA, MICROSOFT-T and APPLE. ESMV holds in its top three: US36828A1016, VERIZON COMMUNICATIONS and CISCO-T.

Which ETF is more diversified: QLV or ESMV?

QLV holds 112 securities with 41.49% of its assets in the top 15. ESMV has 157 securities and a top 15 weight of 22.46%.

Dan Philips on a Quality Low Volatility Approach

Michael Natale with FlexShares

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