USMVvsQLVETF Comparison
VS
ETF 2
QLV
FlexShares US Quality Low Volatility Index Fund ETF
This fund is part of
US Multi-Factor
-0.15%
iShares MSCI USA Min Vol Factor ETF (USMV) belongs to the US Low Volatility segment. FlexShares US Quality Low Volatility Index Fund ETF (QLV) is part of the US Multi-Factor segment. USMV's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, QLV's top sector exposures are Technology, Healthcare and Finance. USMV is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.09% for QLV. USMV is up 3.65% year-to-date (YTD) with -$101M in YTD flows. QLV performs better with 8.37% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of USMV and QLV 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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USMV vs QLV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USMV QLV | +2.25%+4.04% | +3.27%+5.04% | +3.65%+8.37% | +4.75%+13.75% | +34.25%+49.59% | +38.16%+59.05% |
| Flows | USMV QLV | +$111M- | -$183M-$28M | -$101M+$6M | -$1.17B+$741K | -$12.09B-$95M | -$11.16B-$54M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USMV QLV | +8.50%+7.47% | +8.28%+7.68% | +10.09%+10.47% | +12.20%+12.93% |
| Max drawdown | USMV QLV | -2.46%-2.69% | -6.41%-6.16% | -9.29%-11.95% | -17.91%-18.21% |
| Max drawdown duration | USMV QLV | 28d37d | 122d71d | 75d186d | 713d712d |
Trading data
USMV | QLV | |
Last sale 7/27/2026 at 3:13 PM | $97.65 | $77.48 |
| Previous close 07/24/2026 | $96.95 | $76.73 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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USMV | QLV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/27/2026 at 3:13 PM
Live
Closed
USMV | QLV | |
|---|---|---|
| Last price | $97.65 | $77.48 |
| 1D performance | +0.72% | +0.98% |
| AuM | $23.34 B | $162.67 M |
| E/R | 0.15% | 0.09% |
Characteristics
USMV | QLV | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | FlexShares |
| Benchmark | MSCI USA Minimum Volatility Index | Northern Trust Quality Low Volatility Index |
| N° of holdings | 166 | 117 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2011 | July 16, 2019 |
| ESG | No | No |
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Exposure
Countries
USMV
USA
93.92%
Other
6.08%
QLV
USA
95.17%
Other
4.83%
Sectors
USMV
Technology
30.35%
Finance
13.58%
Healthcare
13.35%
Consumer Non-Cycl.
10.85%
Utilities
7.2%
Other
24.67%
QLV
Technology
33.92%
Healthcare
14.08%
Finance
13.83%
Consumer Non-Cycl.
10%
Other
28.18%
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Diversification
USMV
Total weight of top 15 holdings out of 15
21.87%
QLV
Total weight of top 15 holdings out of 15
40.76%
Top 15 holdings
Data as of June 30, 2026
USMV
Amphenol Corp.
1.76%
Johnson & Johnson
1.55%
Vertex Pharmaceuticals, Inc.
1.54%
Welltower, Inc.
1.54%
Chubb Ltd.
1.52%
Cisco Systems, Inc.
1.50%
The Southern Co.
1.48%
Duke Energy Corp.
1.48%
Berkshire Hathaway, Inc.
1.46%
Waste Management, Inc.
1.38%
Merck & Co., Inc.
1.35%
Motorola Solutions, Inc.
1.34%
NVIDIA Corp.
1.34%
Microsoft Corp.
1.32%
International Business Machines Corp.
1.32%
QLV
NVIDIA Corp.
5.95%
Apple, Inc.
5.30%
Microsoft Corp.
4.81%
Johnson & Johnson
4.47%
AbbVie, Inc.
2.54%
Exxon Mobil Corp.
2.10%
Visa, Inc.
2.09%
Alphabet, Inc.
2.06%
Berkshire Hathaway, Inc.
1.89%
Broadcom Inc.
1.73%
Eli Lilly & Co.
1.69%
Alphabet, Inc.
1.58%
International Business Machines Corp.
1.57%
Costco Wholesale Corp.
1.50%
The Coca-Cola Co.
1.49%
Frequently asked questions about USMV and QLV
How have the USMV and QLV ETFs performed in 2026?
As of July 24, 2026, USMV is up 3.65% year-to-date (YTD), while QLV has returned 8.37%. That puts QLV better performer ahead so far this year.
Which ETF is attracting more investor money: USMV or QLV?
Year-to-date, the USMV ETF saw -$101M in flows, compared to +$6M for QLV.
Which ETF is more volatile: USMV or QLV?
Over the past year, USMV had a volatility of 8.28%, while QLV experienced 7.68%.
Which ETF is bigger: USMV or QLV?
As of July 24, 2026, USMV holds $23.34 B in assets under management (AUM), while QLV manages $162.67 M.
What sectors do the USMV and QLV ETFs invest in?
USMV leans toward sectors like Technology, Finance and Healthcare. Meanwhile, QLV focuses on Technology, Healthcare and Finance.
What are the top holdings of the USMV ETF and QLV ETF?
USMV top holdings include Amphenol Corp., Johnson & Johnson and Vertex Pharmaceuticals, Inc.. QLV holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: USMV or QLV?
USMV holds 166 securities with 21.87% of its assets in the top 15. QLV has 118 securities and a top 15 weight of 40.76%.
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