QLVE
FlexShares Emerging Markets Quality Low Volatility Index Fund
The FlexShares Emerging Markets Quality Low Volatility Index ETF tracks a multi-factor selected index of large- and mid-cap equities from emerging markets.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 15.6 M
ASSETS UNDER MGMT
19 bp
EXPENSES
Fund Basics
| Inception date | Jul 15, 2019 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 15.0 % |
| SAMSUNG ELECTRONICS CO LTD | 6.3 % |
| SK HYNIX INC | 4.2 % |
| IND & COMM BK OF CHINA - H | 2.4 % |
| TENCENT HOLDINGS LTD | 2.4 % |
| SAMSUNG ELECTRONICS-PFD | 1.9 % |
| PETROBRAS - PETROLEO BRAS-PR | 1.4 % |
| HDFC BANK LIMITED | 1.3 % |
| MEDIATEK INC | 1.2 % |
| BANK OF CHINA LTD - H | 1.2 % |
Constituent Breakdown
| Number of holdings | 166 |
| Herfindahl-Hirschman Index | 378 |
| Wgt avg mkt cap (mns) | $452,132 |
| Large cap (>$10bn) | 74.8% |
| Mid cap ($2-10bn) | 17.0% |
| Small cap (<$2bn) | 0.8% |
| Developed mkts. | 1.6% |
| Emerging mkts. | 95.5% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 25.1 % |
 |
SOUTH KOREA | 15.8 % |
 |
INDIA | 14.4 % |
 |
CHINA | 12.0 % |
 |
BRAZIL | 6.3 % |
 |
MALAYSIA | 4.7 % |
 |
SAUDI ARABIA | 4.6 % |
 |
THAILAND | 2.1 % |
 |
UAE | 2.0 % |
 |
PHILIPPINES | 1.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.3% | 16.4% | 11.3% | 15.2% | 5.1% | -- | -- | 4.1% |
| Dividend Yield | 0.8% | 2.6% | 3.4% | 2.9% | 2.9% | -- | -- | 2.7% |
| Total Returns | 15.2% | 19.0% | 14.7% | 18.1% | 8.0% | -- | -- | 6.8% | Ann. Volatility | 23.0% | 20.6% | 16.9% | 15.1% | 14.4% | -- | -- | 16.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 49% |
| MSCI EAFE | 0.92 | 50% |
| MSCI Emg Mkts | 0.73 | 81% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| 30d moving avg. (EMA) | $32.98 |
| Relative strength (RSI) | 42 |
| MACD/Signal | -0.42/-0.37 |
| Bollinger Bands (Upper/Lower) | $33.94/$31.66 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QLVE |
Expenses vs. QLVE |
ALTAR Score™ vs. QLVE |
|---|---|---|---|---|
| EEM | iShares MSCI Emerging Markets ETF | 42.2% | +53 bp | +1.7% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 42.2% | -4 bp | +2.3% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 42.2% | +132 bp | +0.9% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 42.0% | +16 bp | +2.3% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 41.8% | +47 bp | +1.9% |
| ESGE | iShares ESG Aware MSCI EM ETF | 41.6% | +6 bp | +1.8% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 41.3% | -8 bp | +2.4% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 41.1% | +11 bp | +2.0% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 40.5% | 0 bp | +1.7% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 40.5% | +53 bp | +1.2% |
Risk and Returns: QLVE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.8%
ALTAR SCORE™
41st
PERCENTILE
NEUTRAL
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. QLVE's ALTAR Score™ is approximately -0.2 standard
deviations above the category average. This places QLVE in the 41st percentile
among funds in the category.
Sell-Side Consensus
$39.42
PRICE TARGET
+28.9%
UPSIDE