ECON vs QLVE: Grades, Fees and Holdings Compared

Columbia Research Enhanced Emerging Economies ETF

ECONDNYSE Arca

Northern Trust Emerging Markets Quality Low Volatility ETF

QLVEBNYSE Arca

Overlap

31.1%by weight

Expense ratio

QLVE −0.31pt a year

ECON0.49%QLVE0.18%

Avg volume · 30D

ECON 61.1×the volume

ECON24.7KQLVE404

5Y return · a year

QLVE +0.7pt

ECON+6.3%QLVE+7.0%

ECON vs QLVE Performance

Oct 29, 2021 – Oct 30, 2026

+35.9%ECON+40.2%QLVE

Expense ratio: ECON 0.49%; QLVE 0.18%, better
Fund size: ECON $294M; QLVE $16M
1Y total return: ECON +18.2%, better; QLVE +11.2%
Yield (12M): ECON 1.50%; QLVE 3.17%, better
Holdings: ECON 366; QLVE 155
Avg volume (30D): ECON 24.7K sh, better; QLVE 404 sh
NAV per share: ECON $32.72; QLVE $32.48
52W range

ETF.net Grade

Pillar letters and Scores for ECON, QLVE, with each pillar’s weight
Pillar	ECON	QLVE
Cost30% weight	D26	A100Higher
Mission25% weight	Not scored	A93
Risk15% weight	C44	B66Higher
Tradability15% weight	D32Higher	F11
Holdings10% weight	B56Higher	D32
Durability5% weight	C51Higher	D33

Rank among Emerging Markets Multifactor funds

How we build Categories ›

Same Category. ECON and QLVE are both graded against the same 20 Emerging Markets Multifactor funds, so their Grades compare head to head.

Emerging Markets Multifactor⁠

Category · 20 funds

See all 20 ›

QLVE ranks 7th and ECON 16th of 20 funds in the Emerging Markets Multifactor Category.

Rank 6BJPEMJPMorgan Diversified Return Emerging Markets Equity ETFScore 62
Rank 7BQLVENorthern Trust Emerging Markets Quality Low Volatility ETFScore 61
Rank 8BROAMHartford Multifactor Emerging Markets ETFScore 60
Rank 15DEMMFWisdomTree Emerging Markets Multifactor FundScore 38
Rank 16DECONColumbia Research Enhanced Emerging Economies ETFScore 36
Rank 17DFEMSFirst Trust Emerging Markets Small Cap AlphaDEX FundScore 33

Our read on each fund

ETF.net Research

ECONDColumbia Research Enhanced Emerging Economies ETF

QLVEBNorthern Trust Emerging Markets Quality Low Volatility ETF

In short

ECON A 2010-vintage emerging markets ticker with a second act: once a consumer-stocks portfolio, now a broad EM index fund that screens out the names Columbia's quant models rate poorly on quality, value and catalyst.

QLVE Most emerging-markets factor funds chase value. QLVE goes the other way: cut the weakest fifth on quality, then optimize what is left toward lower volatility. Cost is 0.18% net of a waiver through March 1, 2027.

Stated mandate

ECON The Fund is an index-based emerging-economies equity ETF seeking to track the performance of the Beta Advantage® Research Enhanced Solactive Emerging Economies Index.

QLVE The Fund is designed for investors seeking emerging-markets exposure with an emphasis on quality and low volatility. It seeks to match, before fees and expenses, the performance of the Northern Trust Emerging Markets Quality Low Volatility Index.

Why people hold it

ECON The index starts from a broad Solactive EM large- and mid-cap universe, then removes securities rated unfavorably on quality, value and catalyst factors.sec.gov columbiathreadneedleus.com
What survives is market-cap weighted with region, country and sector controls, leaving a core-shaped EM portfolio of a couple hundred stocks rather than a concentrated factor bet.columbiathreadneedleus.com
Costs 0.47% net of a waiver through July 31, 2027 (0.49% gross), near the median fee for emerging-markets multifactor funds.

QLVE At 0.18% net of a waiver through March 1, 2027, it undercuts every top-scoring fund in its peer group, including EMGF at 0.26% and FDEM at 0.25%.
The index cuts the lowest-quality fifth of emerging-markets large and mid caps on profitability, cash flow and capital deployment, then optimizes the rest for lower volatility.flexshares.com northerntrust.com
Sector, industry and country weights are held within set bands of the parent benchmark and turnover is capped near 12% a rebalance, curbing the sector drift low-vol screens invite.northerntrust.com sec.gov
Sits in the upper half of its emerging-markets factor peer group and has stayed close to its stated index.

Worth knowing

ECON The ticker dates to 2010, but the research-enhanced index mandate arrived in 2024. Earlier history belongs to an emerging-markets consumer portfolio.sec.gov
It trades thinly next to the EM heavyweights, which tends to mean wider bid-ask spreads.
Several factor peers in the group list lower fees: FDEM at 0.25%, EMGF at 0.26%, QEMM at 0.30%.

QLVE Thinly traded with a small asset base, so spreads can run wider than the category heavyweights and limit orders matter more.
Roughly 160 holdings with meaningful weight in the largest names, so it is more top-heavy than a broad emerging-markets index fund.
Lower volatility is the design goal, not an outcome the fund controls: the index aims to be calmer than its parent, and the fund tracks it either way.sec.gov flexshares.com

Full ECON profile⁠

Full QLVE profile⁠

ECON vs QLVE Holdings

How ECON and QLVE differ

Overlap by weight

31.1%

Shared holdings make up 62.9% of QLVE and 43.4% of ECON.

Level by level

Holdings66 in both31.1%
Countryby domicile83.2%
Sector11 Sectors84.0%
Asset classEquity100%

Sector

Sector weights in ECON and QLVE, widest gap first
Sector	More in ECONMore in QLVE	ECON	QLVE
Financials	ECON +6.7 points	23.8%	17.1%
Communication	QLVE +5.1 points	5.2%	10.3%
Energy	QLVE +4.6 points	3.6%	8.2%
Consumer Staples	QLVE +3.2 points	2.8%	6.0%
Industrials	ECON +3.2 points	6.0%	2.8%
Utilities	QLVE +2.5 points	1.8%	4.3%
Materials	ECON +2.4 points	5.1%	2.7%
Technology	ECON +1.7 points	41.5%	39.8%
Consumer Discretionary	ECON +1.6 points	5.9%	4.3%
Health Care	QLVE +0.6 points	3.3%	3.9%
Real Estate	ECON +0.5 points	1.0%	0.5%

Country, concentration and asset class

Country by domicile

Country weights in ECON and QLVE, widest gap first
Country	More in ECONMore in QLVE	ECON	QLVE
China	ECON +7.4 points	22.0%	14.6%
India	QLVE +5.6 points	11.2%	16.8%
Malaysia	QLVE +4.2 points	1.2%	5.4%
South Korea	ECON +4.0 points	22.7%	18.7%
Brazil	QLVE +3.1 points	3.6%	6.7%
South Africa	ECON +1.7 points	4.5%	2.8%
Philippines	QLVE +1.4 points	0.1%	1.5%
Taiwan	ECON +1.0 points	28.8%	27.8%
Other countries (10)	ECON +0.1 points	5.8%	5.7%

Outside the US: ECON 0% developed, 100% emerging. QLVE 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

ECON29.6%
QLVE37.9%

Securities held

ECON355
QLVE137

Asset class

ECON: Equity
QLVE: Equity

Holdings

Only in ECON289
In both66
Only in QLVE71

Only in ECON

289 securities, 55.9% of ECON by weight

Ase Technology Holding Co Ltd1.42%
Sk Square Co Ltd1.05%
Kweichow Moutai Co Ltd0.94%
Samsung Electro-Mechanics Co Ltd0.88%
Foxconn Industrial Internet Co Ltd0.88%
Ctbc Financial Holding Co Ltd0.86%
Elite Material Co Ltd0.82%
Netease Inc0.74%
Larsen & Toubro Ltd0.71%
Yuanta Financial Holding Co Ltd0.70%
Kgi Financial Holding Co Ltd0.69%
Ping An Insurance Group Co of China Ltd0.69%
Kb Financial Group Inc0.66%
Saudi National Bank/The0.60%
Asia Vital Components Co Ltd0.58%
Sinopac Financial Holdings Co Ltd0.53%
E.sun Financial Holding Co Ltd0.52%
Grupo Financiero Banorte Sab De Cv0.51%
Shinhan Financial Group Co Ltd0.51%
Beone Medicines Ltd0.50%
China Yangtze Power Co Ltd0.49%
Accton Technology Corp0.49%
Hana Financial Group Inc0.49%
Firstrand Ltd0.48%
Capitec Limited0.46%
Trip.com Group Ltd0.44%
Standard Bank Group Ltd0.44%
Emirates Telecommunications Group Co Pjsc0.44%
Asustek Computer Inc0.42%
National Bank of Greece SA0.41%
Agricultural Bank of China Ltd0.41%
King Slide Works Co Ltd0.40%
China Merchants Bank Co Ltd0.40%
Hua Nan Financial Holdings Co Ltd0.40%
Delta Electronics Thailand Pcl0.40%
Woori Financial Group Inc0.39%
Jentech Precision Industrial Co Ltd0.39%
Qatar National Bank Qpsc0.38%
China Life Insurance Co Ltd0.38%
Celltrion Inc0.37%
Yageo Corp0.37%
Lite-On Technology Corp0.37%
Chroma Ate Inc0.37%
Kia Corp0.37%
Wuxi Biologics Cayman Inc0.37%
Lenovo Group Ltd0.36%
First Abu Dhabi Bank Pjsc0.35%
Fubon Financial Holding Co Ltd0.35%
Wiwynn Corp0.34%
Hindalco Industries Ltd0.34%

Only in QLVE

71 securities, 36.2% of QLVE by weight

Tencent Holdings Ltd Common Stock Hkd 0.000022.39%
Samsung Electronics Co Ltd Preference Krw 1002.02%
Hdfc Bank Ltd Common Stock Inr 11.28%
Chunghwa Telecom Co Ltd Common Stock Twd 101.05%
Petroleo Brasileiro SA - Petrobras Common Stock0.95%
Bb Seguridade Participacoes SA Common Stock Brl0.93%
Far Eastone Telecommunications Co Ltd Common Stock0.91%
Ptt Exploration & Production Pcl Nvdr Thb 10.90%
Emirates Integrated Telecommunications Co Pjsc0.89%
Caixa Seguridade Participacoes S/A Common Stock0.88%
Jarir Marketing Co Common Stock Sar 10.87%
Promotora Y Operadora De Infraestructura Sab De Cv0.84%
Chongqing Rural Commercial Bank Co Ltd Common0.82%
KT&G Corp Common Stock Krw 50000.79%
Asian Paints Ltd Common Stock Inr 10.77%
Hindustan Unilever Ltd Common Stock Inr 10.76%
Marico Ltd Common Stock Inr 10.73%
Ecopetrol SA Common Stock Cop 2500.72%
Saudi Basic Industries Corp Common Stock Sar 100.68%
Saudi Investment Bank/The Common Stock Sar 100.68%
Saudi Aramco Base Oil Co Common Stock Sar 100.66%
Pidilite Industries Ltd Common Stock Inr 10.64%
Cipla Ltd/India Common Stock Inr 20.63%
Fertiglobe PLC Common Stock0.60%
Taiwan Mobile Co Ltd Common Stock Twd 100.58%
Petronas Gas Bhd Common Stock Myr 00.56%
Petronas Dagangan Bhd Common Stock Myr 00.54%
Metropolitan Bank & Trust Co Common Stock Php 200.54%
Misc Bhd Common Stock Myr 00.52%
Abu Dhabi National Oil Co For Distribution Pjsc0.51%
Telefonica Brasil SA Common Stock Brl 00.50%
Divi's Laboratories Ltd Common Stock Inr 20.49%
Msci Emgmkt Equity Index 18/DEC/2026 MESZ6 Index0.48%
Dr Sulaiman Al Habib Medical Services Group Co0.47%
Rhb Bank Bhd Common Stock Myr 10.47%
Dar Al Arkan Real Estate Development Co Common0.46%
Quinenco SA Common Stock Clp 00.44%
Muthoot Finance Ltd Common Stock Inr 100.44%
China Tower Corp Ltd Common Stock Hkd 10.44%
Qatar International Islamic Bank Qsc Common Stock0.42%
Bdo Unibank Inc Common Stock Php 100.41%
Cpfl Energia SA Common Stock Brl 00.40%
Gruma Sab De Cv Common Stock Mxn 00.38%
Vishal Mega Mart Ltd Common Stock Inr 100.38%
Icici Bank Ltd Common Stock Inr 20.37%
Tim Sa/Brazil Common Stock Brl0.37%
Koc Holding As Common Stock Try 10.34%
Netease Inc Adr USD 0.00010.32%
President Chain Store Corp Common Stock Twd 100.31%
Fsn E-Commerce Ventures Ltd Common Stock Inr 10.30%

Weight gaps

All 66 Holdings in both funds, largest gap first.

Holding weights in ECON and QLVE, widest gap first
Holding	More in ECONMore in QLVE	ECON	QLVE
Taiwan Semiconductor Manufacturing Co Ltd	QLVE +10.16 points	5.02%	15.18%
Sk Hynix Inc	ECON +2.64 points	7.05%	4.41%
Mediatek Inc	ECON +1.92 points	3.14%	1.22%
Hon Hai Precision Industry Co Ltd	ECON +1.59 points	1.68%	0.09%
Industrial & Commercial Bank of China Ltd	QLVE +1.31 points	1.09%	2.40%
Samsung Electronics Co Ltd	QLVE +1.23 points	5.31%	6.54%
China Construction Bank Corp	ECON +1.14 points	2.02%	0.88%
Delta Electronics Inc	ECON +1.06 points	1.55%	0.49%
Pdd Holdings IncPDD	ECON +0.92 points	1.15%	0.23%
Novatek Microelectronics Corp	QLVE +0.91 points	0.10%	1.01%
Tata Consultancy Services Ltd	QLVE +0.79 points	0.24%	1.03%
Bangkok Dusit Medical Services Pcl	QLVE +0.74 points	0.09%	0.83%
Guangdong Investment Ltd	QLVE +0.67 points	0.08%	0.75%
Mega Financial Holding Co Ltd	QLVE +0.67 points	0.03%	0.70%
Samsung Sds Co Ltd	QLVE +0.67 points	0.07%	0.74%
Tingyi Cayman Islands Holding Corp	QLVE +0.63 points	0.06%	0.69%
Petroleo Brasileiro SA - Petrobras	QLVE +0.62 points	0.71%	1.33%
Itau Unibanco Holding SA	ECON +0.62 points	0.71%	0.09%
First Financial Holding Co Ltd	QLVE +0.61 points	0.43%	1.04%
Manila Electric CoMERVF	QLVE +0.60 points	<0.01%	0.61%
Infosys Ltd	QLVE +0.59 points	0.51%	1.10%
Hcl Technologies Ltd	QLVE +0.58 points	0.20%	0.78%
Korea Electric Power Corp	QLVE +0.54 points	0.09%	0.63%
Grupo Mexico Sab De Cv	ECON +0.54 points	0.59%	0.05%
China Citic Bank Corp Ltd	QLVE +0.53 points	0.10%	0.63%
Vale SA	ECON +0.52 points	0.62%	0.10%
Turkiye Petrol Rafinerileri As	QLVE +0.51 points	0.06%	0.57%
Eicher Motors Ltd	QLVE +0.49 points	0.26%	0.75%
Petrochina Co Ltd	QLVE +0.49 points	0.52%	1.01%
Britannia Industries Ltd	QLVE +0.47 points	0.15%	0.62%
Kunlun Energy Co Ltd	QLVE +0.46 points	0.07%	0.53%
Ihh Healthcare Bhd	QLVE +0.42 points	0.03%	0.45%
Want Want China Holdings Ltd	QLVE +0.41 points	0.03%	0.44%
Nestle India Ltd	QLVE +0.40 points	0.01%	0.41%
Sun Pharmaceutical Industries Ltd	QLVE +0.39 points	0.47%	0.86%
Bank of China Ltd	QLVE +0.38 points	0.79%	1.17%
Largan Precision Co Ltd	QLVE +0.38 points	0.39%	0.77%
Posco International Corp	QLVE +0.38 points	0.02%	0.40%
Bharti Airtel Ltd	ECON +0.38 points	1.22%	0.84%
Waaree Energies Ltd	QLVE +0.38 points	0.01%	0.39%
Falabella SA	QLVE +0.37 points	0.11%	0.48%
Huaneng Power International Inc	QLVE +0.36 points	0.07%	0.43%
Krafton Inc	QLVE +0.35 points	0.07%	0.42%
Public Bank Bhd	QLVE +0.32 points	0.35%	0.67%
Realtek Semiconductor Corp	QLVE +0.32 points	0.24%	0.56%
Aselsan Elektronik Sanayi Ve Ticaret As	QLVE +0.30 points	0.21%	0.51%
Telekom Malaysia Bhd	QLVE +0.30 points	0.20%	0.50%
Gold Fields Ltd	ECON +0.29 points	0.31%	0.02%
Malayan Banking Bhd	QLVE +0.27 points	0.27%	0.54%
United Microelectronics Corp	QLVE +0.26 points	0.77%	1.03%
Itc Ltd	QLVE +0.25 points	0.24%	0.49%
China Shenhua Energy Co Ltd	QLVE +0.24 points	0.34%	0.58%
Cez As	QLVE +0.24 points	0.28%	0.52%
Advanced Info Service Pcl	QLVE +0.21 points	0.19%	0.40%
Naver Corp	ECON +0.19 points	0.32%	0.13%
Meritz Financial Group Inc	QLVE +0.17 points	0.08%	0.25%
Mobile Telecommunications Co Kscp	ECON +0.16 points	0.66%	0.50%
Picc Property & Casualty Co Ltd	ECON +0.14 points	0.24%	0.10%
Torrent Pharmaceuticals Ltd	ECON +0.11 points	0.18%	0.07%
Al Rajhi Bank	ECON +0.11 points	0.45%	0.34%
Lupin Ltd	QLVE +0.09 points	0.18%	0.27%
Maruti Suzuki India Ltd	QLVE +0.08 points	0.33%	0.41%
Qatari Rial	QLVE +0.06 points	<0.01%	0.07%
Tenaga Nasional Bhd	QLVE +0.04 points	0.18%	0.22%
Hero Motocorp Ltd	QLVE +0.02 points	0.20%	0.22%
Ambev SA	Same weight	0.25%	0.25%

All 211 ECON holdings⁠All 166 QLVE 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.

ECON vs QLVE Cost

Overpaying ECON vs QLVE

$6,043

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

ECON 0.49%
$9,792
QLVE 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

ECON 0.49%
QLVE 0.18%
Overpaying

Year by year

Year	ECON	QLVE	Overpaying
10	$883	$328	$555
20	$3,394	$1,281	$2,113
30	$9,792	$3,749	$6,043

Expense ratio

0.49%ECON
0.18%QLVE, cheaper

QLVE0.18%ECON0.49%

0.18%0.80%

Middle half of Emerging Markets Multifactor funds
Median 0.44%

QLVE cheapest of 20 funds

ECON 14th cheapest of 20 funds

ECON vs QLVE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ECON 1.50%; QLVE 3.17%, better
Payout (12M): ECON $0.48; QLVE $1.02
Last payment: ECON $0.48; QLVE $0.34
Ex-dividend: ECON Dec 18, 2025; QLVE Sep 18, 2026
Paid on: ECON Dec 26, 2025; QLVE Sep 24, 2026
Frequency: ECON Annual; QLVE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ECONAnnual · 9 paymentsAll ECON payments⁠

QLVEQuarterly · 26 paymentsAll QLVE payments⁠

ECON vs QLVE Risk

Fall from peak · 5 years

ECON
QLVE

Risk facts

VolatilityStd dev, 3 years: ECON 17.5%QLVE 11.0%, better
Return per unit of riskSharpe ratio, 3 years: ECON 0.87QLVE 1.11, better
Worst fallMax drawdown, 5 years: ECON −33.8%QLVE −23.6%, better
Market sensitivityBeta, 5 years: ECON 1.12QLVE 0.83; Market = 1

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