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
$ 17.6 M
ASSETS UNDER MGMT
40 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 | 14.8 % |
| SAMSUNG ELECTRONICS CO LTD | 5.6 % |
| INTERNATIONAL HOLDINGS COMPANY PJSC | 3.5 % |
| TENCENT HOLDINGS LTD | 2.8 % |
| HYNIX SEMICONDUCTOR INC | 2.5 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 2.2 % |
| HDFC BANK LIMITED | 1.4 % |
| BANK OF CHINA LTD - H | 1.1 % |
| TATA CONSULTANCY SVS LTD | 1.1 % |
| IND & COMM BK OF CHINA - H | 1.0 % |
Constituent Breakdown
| Number of holdings | 180 |
| Herfindahl-Hirschman Index | 326 |
| Wgt avg mkt cap (mns) | $250,539 |
| Large cap (>$10bn) | 67.8% |
| Mid cap ($2-10bn) | 24.7% |
| Small cap (<$2bn) | 0.8% |
| Developed mkts. | 1.8% |
| Emerging mkts. | 96.4% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 22.2 % |
 |
INDIA | 18.1 % |
 |
CHINA | 14.4 % |
 |
SOUTH KOREA | 13.0 % |
 |
UAE | 5.6 % |
 |
MALAYSIA | 4.7 % |
 |
BRAZIL | 4.1 % |
 |
SAUDI ARABIA | 3.2 % |
 |
PHILIPPINES | 2.7 % |
 |
QATAR | 2.2 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.9% | 29.0% | 18.3% | 15.0% | 4.3% | -- | -- | 4.6% |
| Dividend Yield | 0.0% | 3.9% | 3.8% | 3.6% | 3.0% | -- | -- | 2.7% |
| Total Returns | 15.9% | 32.8% | 22.1% | 18.5% | 7.3% | -- | -- | 7.3% | Ann. Volatility | 22.7% | 16.3% | 14.7% | 13.3% | 13.4% | -- | -- | 15.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 48% |
| MSCI EAFE | 0.75 | 48% |
| MSCI Emg Mkts | 0.73 | 79% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.14% |
Technical Indicators
| 30d moving avg. (EMA) | $32.83 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 0.50/0.48 |
| Bollinger Bands (Upper/Lower) | $34.36/$32.20 |
| Short interest (% of AUM) | 0.1% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QLVE |
Expenses vs. QLVE |
ALTAR Score™ vs. QLVE |
|---|---|---|---|---|
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 39.4% | -25 bp | +1.9% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 39.0% | -10 bp | +1.9% |
| EEM | iShares MSCI Emerging Markets ETF | 38.7% | +29 bp | +1.7% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 38.7% | +29 bp | +1.4% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 38.4% | +5 bp | +1.8% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 38.2% | +26 bp | +1.1% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 38.0% | -21 bp | +1.1% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 38.0% | -29 bp | +1.7% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 37.7% | +30 bp | +0.9% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 37.6% | -4 bp | +1.5% |
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 6/3/2026
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
6.2%
ALTAR SCORE™
32nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. QLVE's ALTAR Score™ is approximately -0.5 standard
deviations above the category average. This places QLVE in the 32nd percentile
among funds in the category.
Sell-Side Consensus
$37.83
PRICE TARGET
+7.6%
UPSIDE