QLVvsFDLOETF Comparison
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Northern Trust US Quality Low Volatility ETF (QLV) belongs to the US Multi-Factor segment. Fidelity Low Volatility Factor ETF (FDLO) is part of the US Low Volatility segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. QLV is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.15% for FDLO. QLV is up 11.2% year-to-date (YTD) with +$4M in YTD flows. FDLO performs worse with 8.21% YTD performance, and -$173M in YTD flows. Run a side-by-side ETF comparison of QLV and FDLO 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 FDLO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QLV FDLO | +0.02%-0.75% | +6.78%+4.88% | +11.20%+8.21% | +13.82%+10.72% | +56.22%+48.78% | +63.12%+57.41% |
| Flows | QLV FDLO | -$2M-$9M | -$4M-$37M | +$4M-$173M | -$1M-$62M | -$96M+$426M | -$56M+$498M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QLV FDLO | +7.88%+9.86% | +7.70%+9.50% | +10.41%+11.31% | +12.90%+13.41% |
| Max drawdown | QLV FDLO | -2.11%-3.17% | -6.16%-7.10% | -11.95%-13.57% | -18.21%-19.20% |
| Max drawdown duration | QLV FDLO | 14d38d | 71d73d | 186d131d | 712d688d |
Trading data
QLV | FDLO | |
Last sale 9/18/2026 at 1:30 PM | $79.01 | $71.35 |
| Previous close 09/17/2026 | $79.50 | $71.67 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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QLV | FDLO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
QLV | FDLO | |
|---|---|---|
| Last price | $79.01 | $71.35 |
| 1D performance | -0.62% | -0.45% |
| AuM | $164.93 M | $1.40 B |
| E/R | 0.09% | 0.15% |
Characteristics
QLV | FDLO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Northern Trust | Fidelity |
| Benchmark | Northern Trust Quality Low Volatility Index | Fidelity U.S. Low Volatility Factor Index |
| N° of holdings | 117 | 123 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 16, 2019 | September 12, 2016 |
| ESG | No | No |
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Exposure
Countries
QLV
USA
95.34%
Other
4.66%
FDLO
USA
97.24%
Other
2.76%
Sectors
QLV
Technology
34.32%
Finance
14.09%
Healthcare
13.63%
Consumer Non-Cycl.
9.96%
Other
27.99%
FDLO
Technology
38.78%
Finance
15.36%
Healthcare
10.4%
Consumer Non-Cycl.
9.32%
Industrials
7.05%
Other
19.09%
Diversification
QLV
Total weight of top 15 holdings out of 15
41.82%
FDLO
Total weight of top 15 holdings out of 15
44.54%
Top 15 holdings
Data as of July 31, 2026
QLV
NVIDIA Corp.
5.92%
Microsoft Corp.
5.85%
Apple, Inc.
5.61%
Johnson & Johnson
4.27%
AbbVie, Inc.
2.42%
ExxonMobil Holdings Corp.
2.31%
Visa, Inc.
2.17%
Alphabet, Inc.
2.00%
Berkshire Hathaway, Inc.
1.88%
Broadcom Inc.
1.75%
Mastercard, Inc.
1.61%
Alphabet, Inc.
1.55%
Eli Lilly & Co.
1.52%
The Coca-Cola Co.
1.52%
Costco Wholesale Corp.
1.45%
FDLO
Apple, Inc.
8.84%
Alphabet, Inc.
5.85%
Microsoft Corp.
5.39%
Broadcom Inc.
4.02%
Amazon.com, Inc.
3.83%
Cisco Systems, Inc.
2.20%
Eli Lilly & Co.
1.92%
JPMorgan Chase & Co.
1.91%
Berkshire Hathaway, Inc.
1.82%
Texas Instruments Incorporated
1.70%
Analog Devices, Inc.
1.49%
Johnson & Johnson
1.45%
Amphenol Corp.
1.44%
Visa, Inc.
1.39%
VeriSign, Inc.
1.28%
Frequently asked questions about QLV and FDLO
How have the QLV and FDLO ETFs performed in 2026?
As of September 17, 2026, QLV is up 11.2% year-to-date (YTD), while FDLO has returned 8.21%. That puts QLV better performer ahead so far this year.
Which ETF is attracting more investor money: QLV or FDLO?
Year-to-date, the QLV ETF saw +$4M in flows, compared to -$173M for FDLO.
Which ETF is more volatile: QLV or FDLO?
Over the past year, QLV had a volatility of 7.7%, while FDLO experienced 9.5%.
Which ETF is bigger: QLV or FDLO?
As of September 17, 2026, QLV holds $164.93 M in assets under management (AUM), while FDLO manages $1.40 B.
What sectors do the QLV and FDLO ETFs invest in?
QLV leans toward sectors like Technology, Finance and Healthcare. Meanwhile, FDLO focuses on Technology, Finance and Healthcare.
What are the top holdings of the QLV ETF and FDLO ETF?
QLV top holdings include NVIDIA Corp., Microsoft Corp. and Apple, Inc.. FDLO holds in its top three: Apple, Inc., Alphabet, Inc. and Microsoft Corp..
Which ETF is more diversified: QLV or FDLO?
QLV holds 118 securities with 41.82% of its assets in the top 15. FDLO has 123 securities and a top 15 weight of 44.54%.
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Latest news about QLV & FDLO
Dan Philips on a Quality Low Volatility Approach
May 30, 2023
QLV
Michael Natale with FlexShares
August 2, 2022
QLV
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