USMVvsQLVETF Comparison
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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. Both ETFs have the same top 3 sector exposures: Information Technology, Health Care and Financials. USMV is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.09% for QLV. USMV is down -0.24% year-to-date (YTD) with +$35M in YTD flows. QLV performs better with 3.18% YTD performance, and +$27M 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 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USMV QLV | +2.64%+3.96% | -1.46%+1.13% | -0.24%+3.18% | +4.30%+17.76% | +34.23%+49.12% | +41.18%+62.20% |
| Flows | USMV QLV | -$112M+$14M | -$68M+$28M | +$35M+$27M | -$1.53B+$31M | -$12.84B-$51M | -$13.05B-$36M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USMV QLV | +9.21%+8.86% | +8.64%+8.20% | +10.10%+10.58% | +12.22%+13.06% |
| Max drawdown | USMV QLV | -6.41%-6.16% | -6.41%-6.16% | -9.29%-11.95% | -17.91%-18.21% |
| Max drawdown duration | USMV QLV | 57d53d | 57d53d | 75d186d | 713d712d |
Trading data
USMV | QLV | |
Last sale 4/28/2026 at 7:24 PM | $93.74 | $74.01 |
| Previous close 04/27/2026 | $93.57 | $74.03 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 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 4/28/2026 at 7:24 PM
Live
Closed
USMV | QLV | |
|---|---|---|
| Last price | $93.74 | $74.01 |
| 1D performance | +0.18% | -0.03% |
| AuM | $22.67 B | $175.89 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 | 165 | 110 |
| 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
93.47%
Other
6.53%
QLV
USA
91.62%
Other
8.38%
Sectors
USMV
Information Techn.
28.67%
Health Care
13.36%
Financials
11.81%
Consumer Staples
9.9%
Utilities
7.7%
Industrials
7.1%
Other
21.47%
QLV
Information Techn.
30.66%
Health Care
13.43%
Financials
8.69%
Consumer Staples
8.3%
Communication Ser.
7.66%
Other
31.24%
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Diversification
USMV
Total weight of top 15 holdings out of 15
22.71%
QLV
Total weight of top 15 holdings out of 15
41.49%
Top 15 holdings
Data as of March 31, 2026
USMV
EXXON
1.79%
DUKE ENERGY
1.60%
VERIZON COMMUNICATIONS
1.58%
CISCO-T
1.56%
SOUTHERN
1.56%
JOHNSON&JOHNSON
1.55%
CHUBB LTD
1.52%
WASTE MANAGEMENT
1.48%
MOTOROLA SOLUTIONS
1.46%
BERKSHIRE HATHWAY
1.46%
NVIDIA
1.46%
VERTEX PHARMACEUTICALS
1.45%
MICROSOFT-T
1.44%
MCKESSON
1.41%
CONSOLIDATED EDISON
1.39%
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%
Frequently asked questions about USMV and QLV
How have the USMV and QLV ETFs performed in 2026?
As of April 27, 2026, USMV is down -0.24% year-to-date (YTD), while QLV has returned 3.18%. 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 +$35M in flows, compared to +$27M for QLV.
Which ETF is more volatile: USMV or QLV?
Over the past year, USMV had a volatility of 8.64%, while QLV experienced 8.2%.
Which ETF is bigger: USMV or QLV?
As of April 27, 2026, USMV holds $22.67 B in assets under management (AUM), while QLV manages $175.89 M.
What sectors do the USMV and QLV ETFs invest in?
USMV leans toward sectors like Information Technology, Health Care and Financials. Meanwhile, QLV focuses on Information Technology, Health Care and Financials.
What are the top holdings of the USMV ETF and QLV ETF?
USMV top holdings include EXXON, DUKE ENERGY and VERIZON COMMUNICATIONS. QLV holds in its top three: NVIDIA, MICROSOFT-T and APPLE.
Which ETF is more diversified: USMV or QLV?
USMV holds 171 securities with 22.71% of its assets in the top 15. QLV has 112 securities and a top 15 weight of 41.49%.
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