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QLVvsFVALETF 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

FVAL

Fidelity Value Factor ETF

This fund is part of

US Large Cap Value

-0.22%

Full FVAL fund page

FlexShares US Quality Low Volatility Index Fund ETF (QLV) belongs to the US Multi-Factor segment. Fidelity Value Factor ETF (FVAL) is part of the US Large Cap Value segment. QLV's top 3 sector exposures are Information Technology, Health Care and Financials. In contrast, FVAL's top sector exposures are Information Technology, Financials and Consumer Discretionary. QLV is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.15% for FVAL. QLV is up 3.67% year-to-date (YTD) with +$19M in YTD flows. FVAL performs better with 5.96% YTD performance, and +$45M 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

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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 FVAL	+3.36%+9.29%	+1.10%+2.92%	+3.67%+5.96%	+16.77%+32.51%	+48.83%+72.65%	+62.30%+75.24%
Flows	QLV FVAL	-$11M+$25M	+$21M+$37M	+$19M+$45M	+$19M+$48M	-$34M+$341M	-$44M+$444M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	QLV FVAL	+8.90%+14.20%	+8.18%+12.16%	+10.52%+14.26%	+13.06%+16.42%
Max drawdown	QLV FVAL	-6.16%-8.88%	-6.16%-8.88%	-11.95%-18.14%	-18.21%-23.38%
Max drawdown duration	QLV FVAL	60d72d	60d72d	186d131d	712d702d

Trading data

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	QLV	FVAL
Last sale 5/1/2026 at 1:30 PM	$74.44	$76.29
Previous close 05/01/2026	$74.59	$76.07
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	FVAL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/1/2026 at 1:30 PM

Live

Closed

	QLV	FVAL
Last price	$74.44	$76.29
1D performance	-0.20%	+0.29%
AuM	$169.28 M	$1.22 B
E/R	0.09%	0.15%

Characteristics

	QLV	FVAL
Management strategy	Passive	Passive
Provider	FlexShares	Fidelity
Benchmark	Northern Trust Quality Low Volatility Index	Fidelity U.S. Value Factor Index
N° of holdings	110	120
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 16, 2019	September 12, 2016
ESG	No	No

More QLV data on Trackinsight

More FVAL data on Trackinsight

Exposure

Countries

QLV

USA

91.62%

Other

8.38%

FVAL

USA

96.61%

Other

3.39%

Sectors

QLV

Information Techn.

30.66%

Health Care

13.43%

Financials

8.69%

Consumer Staples

8.3%

Communication Ser.

7.66%

Other

31.24%

FVAL

Information Techn.

33.87%

Financials

10.51%

Consumer Discreti.

10.1%

Health Care

10.04%

Communication Ser.

9.31%

Industrials

9.2%

Other

16.97%

Diversification

QLV

Total weight of top 15 holdings out of 15

41.49%

FVAL

Total weight of top 15 holdings out of 15

45.43%

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%

FVAL

NVIDIA

7.56%

APPLE

6.86%

ALPHABET INC-CL

5.06%

MICROSOFT-T

5.05%

AMAZON.COM INC

3.81%

BROADCOM LIMITED

3.13%

META PLATFORMS

2.20%

BERKSHIRE HATHWAY

2.05%

LILLY

1.59%

JOHNSON&JOHNSON

1.53%

EXXON

1.46%

VISA INCORPORATION

1.38%

MICRON TECHNOLOGY

1.37%

WALMART INC

1.23%

ABBVIE

1.15%

Frequently asked questions about QLV and FVAL

How have the QLV and FVAL ETFs performed in 2026?

As of May 1, 2026, QLV is up 3.67% year-to-date (YTD), while FVAL has returned 5.96%. 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 +$19M in flows, compared to +$45M for FVAL.

Which ETF is more volatile: QLV or FVAL?

Over the past year, QLV had a volatility of 8.18%, while FVAL experienced 12.16%.

Which ETF is bigger: QLV or FVAL?

As of May 1, 2026, QLV holds $169.28 M in assets under management (AUM), while FVAL manages $1.22 B.

What sectors do the QLV and FVAL ETFs invest in?

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

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

QLV top holdings include NVIDIA, MICROSOFT-T and APPLE. FVAL holds in its top three: NVIDIA, APPLE and ALPHABET INC-CL.

Which ETF is more diversified: QLV or FVAL?

QLV holds 112 securities with 41.49% of its assets in the top 15. FVAL has 123 securities and a top 15 weight of 45.43%.

Dan Philips on a Quality Low Volatility Approach

May 30, 2023

QLV

Michael Natale with FlexShares

August 2, 2022

QLV

QLVvsFVALETF Comparison

FlexShares US Quality Low Volatility Index Fund ETF

Fidelity Value Factor ETF

QLV vs FVAL 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 FVAL ETFs performed in 2026?

As of May 1, 2026, QLV is up 3.67% year-to-date (YTD), while FVAL has returned 5.96%. 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 +$19M in flows, compared to +$45M for FVAL.

Which ETF is more volatile: QLV or FVAL?

Over the past year, QLV had a volatility of 8.18%, while FVAL experienced 12.16%.

Which ETF is bigger: QLV or FVAL?

As of May 1, 2026, QLV holds $169.28 M in assets under management (AUM), while FVAL manages $1.22 B.

What sectors do the QLV and FVAL ETFs invest in?

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

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

QLV top holdings include NVIDIA, MICROSOFT-T and APPLE. FVAL holds in its top three: NVIDIA, APPLE and ALPHABET INC-CL.

Which ETF is more diversified: QLV or FVAL?

QLV holds 112 securities with 41.49% of its assets in the top 15. FVAL has 123 securities and a top 15 weight of 45.43%.

Dan Philips on a Quality Low Volatility Approach

Michael Natale with FlexShares

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