QLVvsFVALETF Comparison
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Northern Trust US Quality Low Volatility ETF (QLV) belongs to the US Multi-Factor segment. Fidelity Value Factor ETF (FVAL) is part of the US Large Cap Value 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 FVAL. QLV is up 11.31% year-to-date (YTD) with +$4M in YTD flows. FVAL performs better with 14.23% YTD performance, and +$104M in YTD flows. Run a side-by-side ETF comparison of QLV and FVAL 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 FVAL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QLV FVAL | +0.12%-0.88% | +5.30%+3.49% | +11.31%+14.23% | +13.78%+21.40% | +56.70%+73.59% | +61.45%+80.27% |
| Flows | QLV FVAL | -$2M+$20M | -$4M+$52M | +$4M+$104M | -$1M+$111M | -$96M+$361M | -$56M+$485M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QLV FVAL | +8.14%+10.35% | +7.66%+12.05% | +10.40%+14.30% | +12.90%+16.43% |
| Max drawdown | QLV FVAL | -2.11%-2.66% | -6.16%-8.88% | -11.95%-18.14% | -18.21%-23.38% |
| Max drawdown duration | QLV FVAL | 12d24d | 71d72d | 186d131d | 712d702d |
Trading data
QLV | FVAL | |
Last sale 9/16/2026 at 1:30 PM | $79.07 | $81.30 |
| Previous close 09/15/2026 | $79.55 | $81.89 |
| Consolidated volume 09/15/2026 | ||
| 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 | FVAL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/16/2026 at 1:30 PM
Live
Closed
QLV | FVAL | |
|---|---|---|
| Last price | $79.07 | $81.30 |
| 1D performance | -0.60% | -0.72% |
| AuM | $165.08 M | $1.37 B |
| E/R | 0.09% | 0.15% |
Characteristics
QLV | FVAL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Northern Trust | Fidelity |
| Benchmark | Northern Trust Quality Low Volatility Index | Fidelity U.S. Value Factor Index |
| N° of holdings | 117 | 124 |
| 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%
FVAL
USA
97.99%
Other
2.01%
Sectors
QLV
Technology
34.32%
Finance
14.09%
Healthcare
13.63%
Consumer Non-Cycl.
9.96%
Other
27.99%
FVAL
Technology
39.97%
Finance
15.9%
Healthcare
10.76%
Industrials
8.83%
Consumer Non-Cycl.
8.76%
Other
15.78%
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Diversification
QLV
Total weight of top 15 holdings out of 15
41.82%
FVAL
Total weight of top 15 holdings out of 15
47.86%
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%
FVAL
Apple, Inc.
8.01%
NVIDIA Corp.
7.60%
Alphabet, Inc.
5.31%
Microsoft Corp.
4.81%
Amazon.com, Inc.
3.75%
Broadcom Inc.
3.35%
Micron Technology, Inc.
2.69%
Meta Platforms, Inc.
2.11%
Berkshire Hathaway, Inc.
1.87%
Eli Lilly & Co.
1.86%
Visa, Inc.
1.46%
Johnson & Johnson
1.42%
UnitedHealth Group, Inc.
1.23%
AbbVie, Inc.
1.20%
Bank of America Corp.
1.19%
Frequently asked questions about QLV and FVAL
How have the QLV and FVAL ETFs performed in 2026?
As of September 15, 2026, QLV is up 11.31% year-to-date (YTD), while FVAL has returned 14.23%. That puts FVAL better performer ahead so far this year.
Which ETF is attracting more investor money: QLV or FVAL?
Year-to-date, the QLV ETF saw +$4M in flows, compared to +$104M for FVAL.
Which ETF is more volatile: QLV or FVAL?
Over the past year, QLV had a volatility of 7.66%, while FVAL experienced 12.05%.
Which ETF is bigger: QLV or FVAL?
As of September 15, 2026, QLV holds $165.08 M in assets under management (AUM), while FVAL manages $1.37 B.
What sectors do the QLV and FVAL ETFs invest in?
QLV leans toward sectors like Technology, Finance and Healthcare. Meanwhile, FVAL focuses on Technology, Finance and Healthcare.
What are the top holdings of the QLV ETF and FVAL ETF?
QLV top holdings include NVIDIA Corp., Microsoft Corp. and Apple, Inc.. FVAL holds in its top three: Apple, Inc., NVIDIA Corp. and Alphabet, Inc..
Which ETF is more diversified: QLV or FVAL?
QLV holds 118 securities with 41.82% of its assets in the top 15. FVAL has 124 securities and a top 15 weight of 47.86%.
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Latest news about QLV & FVAL
Dan Philips on a Quality Low Volatility Approach
May 30, 2023
QLV
Michael Natale with FlexShares
August 2, 2022
QLV
