DIHP vs QLVD: Grades, Fees and Holdings Compared

Dimensional International High Profitability ETF

DIHPBCboe

Northern Trust Developed Markets ex-US Quality Low Volatility ETF

QLVDANYSE Arca

Overlap

20.2%by weight

Expense ratio

QLVD −0.15pt a year

DIHP0.27%QLVD0.12%

Avg volume · 30D

DIHP 346.6×the volume

DIHP614KQLVD1.77K

3Y return · a year

DIHP +0.2pt

DIHP+17.1%QLVD+16.9%

DIHP vs QLVD Performance

Oct 31, 2025 – Oct 30, 2026

+13.2%DIHP+16.4%QLVD

Expense ratio: DIHP 0.27%; QLVD 0.12%, better
Fund size: DIHP $6.58B; QLVD $54M
1Y total return: DIHP +13.2%; QLVD +16.4%, better
Yield (12M): DIHP 2.04%; QLVD 2.98%, better
Holdings: DIHP 552; QLVD 197
Avg volume (30D): DIHP 614K sh, better; QLVD 1.77K sh
NAV per share: DIHP $34.11; QLVD $34.85
52W range

ETF.net Grade

Pillar letters and Scores for DIHP, QLVD, with each pillar’s weight
Pillar	DIHP	QLVD
Cost30% weight	B64	A88Higher
Mission25% weight	Not scored	A72
Risk15% weight	C48	A78Higher
Tradability15% weight	C51Higher	C41
Holdings10% weight	A81Higher	A71
Durability5% weight	B65Higher	C44

Rank among International Quality Index funds

How we build Categories ›

Same Category. DIHP and QLVD are both graded against the same 6 International Quality Index funds, so their Grades compare head to head.

International Quality Index⁠

Category · 6 funds

See all 6 ›

QLVD ranks 1st and DIHP 3rd of 6 funds in the International Quality Index Category.

Rank 1AQLVDNorthern Trust Developed Markets ex-US Quality Low Volatility ETFScore 71
Rank 2BIDHQInvesco S&P International Developed Quality ETFScore 63
Rank 3BDIHPDimensional International High Profitability ETFScore 60
Rank 4BIQLTiShares MSCI Intl Quality Factor ETFScore 59

Our read on each fund

ETF.net Research

DIHPBDimensional International High Profitability ETF

QLVDANorthern Trust Developed Markets ex-US Quality Low Volatility ETF

In short

DIHP Dimensional took its profitability screen overseas: roughly 500 large non-US companies, each judged against rivals in its own country or region, not one global yardstick. Fees land under the typical international factor fund.

QLVD A defensive route into developed markets outside the US: drop the weakest quality quintile first, then build the low-volatility portfolio with limits on sector and country drift. Fee is 0.12%, net of a waiver through March 1, 2027.

Stated mandate

DIHP The fund seeks long-term capital appreciation by investing in large non-U.S. companies selected for relatively high profitability within their country or region.

QLVD The fund is designed to provide exposure to developed-market companies outside the United States that have lower absolute volatility and financial strength and stability, the characteristics the issuer associates with quality.

Why people hold it

DIHP Costs 0.27% a year, well under the 0.41% median expense ratio for its international factor peer group.
Profitability is measured within a company's own country or region, so the screen doesn't quietly become a bet on whichever markets happen to look richest.
Roughly 500 large non-US names, so the factor is spread across a wide bench rather than a concentrated handful. Distributions come quarterly.
Sits in the upper half of its 18-fund international factor cohort on our review.

QLVD Cheapest in its peer group at 0.12% (net of a waiver through March 1, 2027, against a 0.15% gross fee), versus 0.30% for IQLT, 0.29% for IDHQ and 0.27% for DIHP, none of which are running a waiver.
Quality is the gate, not a tilt: companies are scored on profitability, management efficiency and cash flow, and the bottom quintile is cut before the low-volatility portfolio gets built.flexshares.com
The index caps how far it can wander from the broad market on sectors, industry groups, countries and regions, and strips out style bets other than volatility. A check on the pileups plain low-vol screens can create.flexshares.com
Roughly 200 large and mid-cap names across developed markets, rebuilt on a quarterly schedule, and one of the stronger implementations among the international quality funds we grade. Pays quarterly.sec.gov

Worth knowing

DIHP A profitability tilt is a deliberate deviation, so the fund can behave quite differently from a plain international index in either direction.
Launched in 2022, so the live record is short compared with long-standing factor funds in the same aisle.
Cheaper shelf-mates exist (QLVD, EFAV and ACWV all list lower), though they screen for low volatility or quality rather than profitability.

QLVD Thinly traded for its category, so bid-ask spreads can run wider than in the category's heavyweights and bigger orders may take more work to fill.
The 0.12% is net of a waiver dated to March 1, 2027; the gross fee is 0.15%, so cost can step up if that waiver is not renewed.
Modest asset base by category standards, and the fund holds a representative sample rather than every index name, which can open small gaps against the index.flexshares.com

Full DIHP profile⁠

Full QLVD profile⁠

DIHP vs QLVD Holdings

How DIHP and QLVD differ

Overlap by weight

20.2%

Shared holdings make up 56.4% of QLVD and 33.1% of DIHP.

Level by level

Holdings92 in both20.2%
Sector11 Sectors76.1%
Countryby domicile80.2%
Asset classEquity100%

Sector

Sector weights in DIHP and QLVD, widest gap first
Sector	More in DIHPMore in QLVD	DIHP	QLVD
Financials	QLVD +13.4 points	11.6%	25.0%
Technology	DIHP +6.0 points	13.2%	7.2%
Utilities	QLVD +5.1 points	2.3%	7.4%
Materials	DIHP +4.7 points	7.2%	2.5%
Consumer Discretionary	DIHP +4.5 points	9.9%	5.4%
Industrials	DIHP +4.3 points	20.2%	15.9%
Real Estate	QLVD +3.8 points	0.4%	4.2%
Health Care	DIHP +1.9 points	11.8%	9.9%
Energy	DIHP +1.8 points	7.3%	5.5%
Consumer Staples	QLVD +1.6 points	9.3%	10.9%
Communication	DIHP +0.6 points	6.7%	6.0%

Country, concentration and asset class

Country by domicile

Country weights in DIHP and QLVD, widest gap first
Country	More in DIHPMore in QLVD	DIHP	QLVD
Australia	DIHP +4.9 points	6.6%	1.7%
Canada	QLVD +4.5 points	10.8%	15.3%
Singapore	QLVD +3.9 points	1.3%	5.2%
Switzerland	QLVD +3.3 points	9.3%	12.6%
Hong Kong	QLVD +3.2 points	1.3%	4.5%
Japan	DIHP +2.6 points	23.6%	21.0%
Sweden	DIHP +2.5 points	2.7%	0.2%
Germany	DIHP +2.4 points	7.6%	5.2%
Other countries (16)	DIHP +2.7 points	36.9%	34.2%

Outside the US: DIHP 99% developed, 1% emerging. QLVD 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

DIHP19.7%
QLVD22.0%

Securities held

DIHP540
QLVD180

Asset class

DIHP: Equity
QLVD: Equity

Holdings

Only in DIHP448
In both92
Only in QLVD88

Only in DIHP

448 securities, 66.4% of DIHP by weight

Asml Holding NV3.60%
Advantest Corp1.45%
Recruit Holdings Co Ltd1.44%
Novartis AG Adr1.44%
Bp PLC1.21%
Novo Nordisk A/S0.98%
Unilever PLC0.97%
Canadian Natural Resource0.96%
Safran SA0.95%
Astrazeneca PLC0.94%
Rolls-Royce Holdings PLC0.94%
Hitachi Ltd0.94%
Enel Spa0.82%
Suncor Energy Inc.0.81%
Sunbelt Rentals Holdings0.74%
Tokio Marine Holdings Inc0.74%
Fast Retailing Co Ltd0.74%
Siemens Energy AG0.70%
Dhl AG0.66%
Infineon Technologies AG0.66%
Reckitt Benckiser Group P0.64%
Compass Group PLC0.63%
Volvo Ab0.61%
Banco Bilbao Vizcaya Arge0.58%
Bhp Group Ltd0.57%
Imperial Brands PLC0.56%
Atlas0.53%
E.on SE0.52%
Prysmian Spa0.52%
Rheinmetall AG0.51%
Airbus SE0.51%
Celestica Inc0.50%
L'oreal SA0.49%
Cenovus Energy Inc0.49%
Kinross Gold Corp0.49%
Hoya Corp0.48%
Canadian National Railway0.47%
Waste Connections Inc0.45%
Diageo PLC0.44%
Vinci SA0.44%
Wesfarmers Ltd0.42%
Ucb SA0.41%
Coles Group Ltd0.39%
Woolworths Group Ltd0.38%
Adidas AG0.38%
Asics Corp0.36%
Agnico Eagle Mines Ltd0.35%
Alimentation Couche0.35%
Kioxia Holdings Corp0.34%
Relx PLC0.33%

Only in QLVD

88 securities, 42.1% of QLVD by weight

Iberdrola SA Common Stock Eur 0.751.62%
Sanofi SA Common Stock Eur 21.54%
Zurich Insurance Group AG Common Stock Chf 0.11.50%
Mitsubishi Corp Common Stock Jpy1.38%
Oversea-Chinese Banking Corp Ltd Common Stock Sgd1.21%
Msci Eafe Equity Index 18/DEC/2026 MFSZ6 Index1.13%
Toronto-Dominion Bank/The Common Stock1.12%
Canadian National Railway Co Common Stock Cad 01.02%
Compass Group PLC Common Stock USD 11.050.90%
Ferguson Enterprises Inc Common Stock USD 0.00010.89%
Dnb Bank Asa Common Stock Nok 12.50.88%
Ovintiv Inc Common Stock USD0.87%
Central Japan Railway Co Common Stock Jpy0.83%
Givaudan SA Common Stock Chf 100.82%
Sumitomo Mitsui Trust Group Inc Common Stock Jpy0.80%
Ck Hutchison Holdings Ltd Common Stock Hkd 10.78%
Hong Kong & China Gas Co Ltd Common Stock Hkd 00.77%
Technipfmc PLC Common Stock USD 10.75%
Danone SA Common Stock Eur 0.250.74%
Sun Hung Kai Properties Ltd Common Stock Hkd 00.72%
Kirin Holdings Co Ltd Common Stock Jpy0.69%
Klepierre SA Reit Eur 1.40.68%
Ana Holdings Inc Common Stock Jpy0.63%
Enbridge Inc Common Stock Cad 00.59%
Hsbc Holdings PLC Common Stock Gbp 0.50.57%
Sompo Holdings Inc Common Stock Jpy0.53%
Koninklijke Ahold Delhaize NV Common Stock Eur0.52%
Obic Co Ltd Common Stock Jpy0.52%
Danske Bank A/S Common Stock Dkk 100.51%
Otsuka Holdings Co Ltd Common Stock Jpy0.50%
Fortis Inc/Canada Common Stock Cad 00.48%
Bank Hapoalim Bm Common Stock Ils 10.48%
Nippon Yusen Kk Common Stock Jpy0.45%
East Japan Railway Co Common Stock Jpy0.45%
Canon Inc Common Stock Jpy0.44%
Mitsui Fudosan Co Ltd Common Stock Jpy0.44%
Elbit Systems Ltd Common Stock Ils 10.44%
Thomson Reuters Corp Common Stock Cad 00.43%
Nitori Holdings Co Ltd Common Stock Jpy 00.43%
Euronext NV Common Stock Eur 1.60.42%
Osaka Gas Co Ltd Common Stock Jpy0.42%
Great-West Lifeco Inc Common Stock Cad 00.42%
Power Assets Holdings Ltd Common Stock Hkd 00.41%
Sekisui House Ltd Common Stock Jpy0.41%
Tokyo Gas Co Ltd Common Stock Jpy0.41%
Shionogi & Co Ltd Common Stock Jpy0.41%
Singapore Telecommunications Ltd Common Stock Sgd0.40%
Link Reit Reit Hkd 00.40%
Sap SE Common Stock Eur 00.40%
Unicharm Corp Common Stock Jpy0.39%

Weight gaps

All 92 Holdings in both funds, largest gap first.

Holding weights in DIHP and QLVD, widest gap first
Holding	More in DIHPMore in QLVD	DIHP	QLVD
Novartis AG	QLVD +3.85 points	0.32%	4.17%
Royal Bank of Canada	QLVD +3.57 points	0.00%	3.57%
Roche Holding AG	DIHP +3.24 points	3.90%	0.66%
Unilever PLCULVR.L	QLVD +2.18 points	0.05%	2.23%
Asml Holding NV	QLVD +1.83 points	0.26%	2.09%
Sony Group Corp	DIHP +1.74 points	1.82%	0.08%
Canadian Imperial Bank of	QLVD +1.65 points	0.06%	1.71%
Shell PLCSHEL.L	QLVD +1.41 points	0.20%	1.61%
Bhp Group Ltd	DIHP +1.35 points	1.54%	0.19%
Dbs Group Holdings Ltd	QLVD +1.28 points	0.61%	1.89%
Tokyo Electron Ltd	DIHP +1.27 points	1.33%	0.06%
Muenchener Rueckversicher	QLVD +1.12 points	0.17%	1.29%
Schneider Electric SE	DIHP +0.90 points	0.92%	0.01%
Allianz SE	DIHP +0.82 points	0.88%	0.06%
Nomura Research Institute	QLVD +0.80 points	0.19%	0.99%
Snam Spa	QLVD +0.77 points	0.01%	0.78%
Hannover Rueck SE	QLVD +0.73 points	0.15%	0.88%
Lvmh Moet Hennessy Louis	DIHP +0.68 points	0.78%	0.10%
Kongsberg Gruppen Asa	QLVD +0.66 points	0.06%	0.72%
Kone Oyj	QLVD +0.65 points	0.19%	0.84%
Franco-Nevada Corp	QLVD +0.63 points	0.06%	0.69%
Kao Corp	QLVD +0.59 points	0.28%	0.87%
Swisscom AG	QLVD +0.59 points	0.27%	0.86%
Bandai Namco Holdings Inc	QLVD +0.57 points	0.32%	0.89%
Sgs SA	QLVD +0.52 points	0.34%	0.86%
Japan Tobacco Inc	QLVD +0.51 points	0.31%	0.82%
Koninklijke Kpn NV	QLVD +0.51 points	0.30%	0.81%
Totalenergies SE	DIHP +0.50 points	0.55%	0.05%
Pembina Pipeline Corp	QLVD +0.47 points	0.02%	0.49%
Aena Sme SA	QLVD +0.48 points	0.33%	0.81%
Wh Group Ltd	QLVD +0.47 points	0.11%	0.58%
Orange SA	DIHP +0.45 points	0.70%	0.25%
Bank Leumi Le-Israel Bm	QLVD +0.44 points	0.10%	0.54%
Oriental Land Co Ltd/Japa	QLVD +0.43 points	0.06%	0.49%
Fairfax Financial Holding	QLVD +0.41 points	0.20%	0.61%
Nestle SA	DIHP +0.41 points	2.00%	1.59%
Geberit AG	QLVD +0.41 points	0.38%	0.79%
Deutsche Boerse AG	QLVD +0.39 points	0.66%	1.05%
Cgi Inc	QLVD +0.37 points	0.04%	0.41%
Bunzl PLCBNZL.L	QLVD +0.35 points	0.04%	0.39%
Engie SA	QLVD +0.33 points	0.41%	0.74%
Thales SA	QLVD +0.32 points	0.27%	0.59%
Gsk PLCGSK.L	DIHP +0.32 points	0.95%	0.63%
Equinor Asa	QLVD +0.32 points	0.35%	0.67%
Fujitsu Ltd	QLVD +0.30 points	0.35%	0.65%
Wolters Kluwer NV	QLVD +0.30 points	0.14%	0.44%
Telstra Corp Ltd	QLVD +0.29 points	0.12%	0.41%
Mizrahi Tefahot Bank Ltd	QLVD +0.29 points	0.05%	0.34%
Loblaw Cos Ltd	QLVD +0.28 points	0.19%	0.47%
Bridgestone Corp	QLVD +0.28 points	0.15%	0.43%
Astellas Pharma Inc	QLVD +0.27 points	0.43%	0.70%
Industria De Diseno Texti	DIHP +0.27 points	0.45%	0.18%
Cathay Pacific Airways Lt	QLVD +0.27 points	0.06%	0.33%
Astrazeneca PLCAZN.L	QLVD +0.26 points	0.39%	0.65%
The Sage Group PLCSGE.L	QLVD +0.27 points	0.10%	0.37%
Softbank Corp	QLVD +0.26 points	0.44%	0.70%
Admiral Group PLCADM.L	QLVD +0.26 points	0.17%	0.43%
Hong Kong Exchanges & Cle	DIHP +0.23 points	0.47%	0.24%
Daiwa House Industry Co L	QLVD +0.23 points	0.19%	0.42%
Ccl Industries Inc	QLVD +0.22 points	0.17%	0.39%
Insurance Australia Group	QLVD +0.20 points	0.15%	0.35%
Amadeus It Group SA	QLVD +0.19 points	0.26%	0.45%
Relx PLCREL.L	QLVD +0.20 points	0.06%	0.26%
Constellation Software In	DIHP +0.19 points	0.25%	0.06%
Sampo PLC	QLVD +0.18 points	0.25%	0.43%
Ipsen SA	QLVD +0.19 points	0.02%	0.21%
Kddi Corp	QLVD +0.18 points	0.63%	0.81%
Nordea Bank Abp	QLVD +0.18 points	<0.01%	0.19%
Metro Inc/Cn	QLVD +0.18 points	0.16%	0.34%
Lasertec Corp	DIHP +0.18 points	0.22%	0.04%
Singapore Exchange Ltd	QLVD +0.14 points	0.22%	0.36%
Rio Tinto PLCRIO.L	QLVD +0.14 points	0.13%	0.27%
Poste Italiane Spa	QLVD +0.13 points	0.16%	0.29%
Deutsche Telekom AG	QLVD +0.12 points	0.97%	1.09%
Hkt Trust & Hkt Ltd	DIHP +0.11 points	0.12%	0.01%
Gea Group AG	QLVD +0.09 points	0.08%	0.17%
Kuehne & Nagel Internatio	QLVD +0.09 points	0.19%	0.28%
Chugai Pharmaceutical Co	DIHP +0.08 points	0.25%	0.17%
Inpex Corp	QLVD +0.08 points	0.36%	0.44%
Brambles Ltd	QLVD +0.08 points	0.30%	0.38%
Idemitsu Kosan Co Ltd	QLVD +0.08 points	0.03%	0.11%
Vestas Wind Systems A/S	QLVD +0.08 points	0.14%	0.22%
Singapore Airlines Ltd	DIHP +0.07 points	0.12%	0.05%
Fortescue Ltd	DIHP +0.06 points	0.09%	0.03%
Next PLCNXT.L	QLVD +0.05 points	0.39%	0.44%
Dollarama Inc	QLVD +0.05 points	0.59%	0.64%
Fisher & Paykel Healthcar	DIHP +0.03 points	0.09%	0.06%
Galp Energia Sgps SA	DIHP +0.01 points	0.07%	0.06%
Aia Group Ltd	QLVD +0.02 points	0.07%	0.09%
Acs Actividades De Constr	DIHP +0.01 points	0.28%	0.27%
Gjensidige Forsikring Asa	QLVD +0.01 points	<0.01%	0.02%
Roche Holding AG	DIHP +0.01 points	0.07%	0.06%

All 498 DIHP holdings⁠All 214 QLVD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DIHP vs QLVD Cost

Overpaying DIHP vs QLVD

$3,037

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DIHP 0.27%
$5,557
QLVD 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

DIHP 0.27%
QLVD 0.12%
Overpaying

Year by year

Year	DIHP	QLVD	Overpaying
10	$491	$220	$271
20	$1,907	$859	$1,048
30	$5,557	$2,520	$3,037

Expense ratio

0.27%DIHP
0.12%QLVD, cheaper

QLVD0.12%DIHP0.27%

0.12%0.70%

Middle half of International Quality Index funds
Median 0.29%

QLVD cheapest of 6 funds

DIHP 2nd cheapest of 6 funds

DIHP vs QLVD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DIHP 2.04%; QLVD 2.98%, better
Payout (12M): DIHP $0.69; QLVD $1.03
Last payment: DIHP $0.16; QLVD $0.19
Ex-dividend: DIHP Sep 22, 2026; QLVD Sep 18, 2026
Paid on: DIHP Sep 24, 2026; QLVD Sep 24, 2026
Frequency: DIHP Quarterly; QLVD Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

DIHPQuarterly · 18 paymentsAll DIHP payments⁠

QLVDQuarterly · 29 paymentsAll QLVD payments⁠

DIHP vs QLVD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DIHP 11.9%QLVD 11.0%, better
Return per unit of riskSharpe ratio, 3 years: DIHP 1.02QLVD 1.08, better
Worst fallMax drawdown, 5 years: DIHP −24.9%since Mar 2022QLVD −23.4%
Market sensitivityBeta, 5 years: DIHP 0.84QLVD 0.64; Market = 1

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