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QLV vs XMLV

Northern Trust US Quality Low Volatility ETF

QLVANYSE Arca

Invesco S&P MidCap Low Volatility ETF

XMLVCNYSE Arca

Overlap

Expense ratio

QLV −0.17pt a year

QLV0.08%XMLV0.25%

Avg volume · 30D

XMLV 2.3×the volume

QLV8.83KXMLV20.6K

5Y return · a year

QLV +4.0pt

QLV+10.3%XMLV+6.3%

QLV vs XMLV Performance

Oct 29, 2021 – Oct 30, 2026

+63.3%QLV+35.7%XMLV

Oct 29, 2021 to Oct 30, 2026. QLV +63.3%. XMLV +35.7%. Use the arrow keys to read each point.0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
QLV 0.08%, better
XMLV 0.25%
Fund size
QLV $189M
XMLV $725M
1Y total return
QLV +17.0%, better
XMLV +10.2%
Yield (12M)
QLV 1.43%
XMLV 3.02%, better
Holdings
QLV 122
XMLV 82
Avg volume (30D)
QLV 8.83K sh
XMLV 20.6K sh, better
NAV per share
QLV $82.16
XMLV $66.01
52W range

ETF.net Grade

QLV: Cost 100, Risk 86, Mission 76, Tradability 67, Holdings 34, Durability 31. XMLV: Cost 30, Risk 31, Mission 78, Tradability 47, Holdings 35, Durability 64.
Pillar letters and Scores for QLV, XMLV, with each pillar’s weight
PillarQLVXMLV
Cost30% weightA100HigherD30
Mission25% weightA76A78Higher
Risk15% weightA86HigherD31
Tradability15% weightB67HigherC47
Holdings10% weightD34D35Higher
Durability5% weightD31B64Higher

Rank among US Low Volatility Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QLV and XMLV are both graded against the same 16 US Low Volatility Index funds, so their Grades compare head to head.

US Low Volatility Index⁠

Category · 16 funds
See all 16 ›

QLV ranks 2nd and XMLV 13th of 16 funds in the US Low Volatility Index Category.

  1. Rank 1ALGLVState Street SPDR US Large Cap Low Volatility Index ETFScore 78
  2. Rank 2AQLVNorthern Trust US Quality Low Volatility ETFScore 76
  3. Rank 3AUSMViShares MSCI USA Min Vol Factor ETFScore 75
  4. Rank 12CCFOVictoryShares US 500 Enhanced Volatility Wtd ETFScore 47
  5. Rank 13CXMLVInvesco S&P MidCap Low Volatility ETFScore 46
  6. Rank 14CXSLVInvesco S&P SmallCap Low Volatility ETFScore 42

Our read on each fund

ETF.net Research

QLVANorthern Trust US Quality Low Volatility ETF

XMLVCInvesco S&P MidCap Low Volatility ETF

In short

QLV Low vol with a quality gate: the index cuts the weakest-scoring fifth of US large and mid caps, then optimizes what's left for calm. Fee is 0.08% net of a waiver through March 1, 2027.

XMLV No data

Stated mandate

QLV The fund seeks to track the Northern Trust Quality Low Volatility Index and provide exposure to U.S. companies selected for lower overall volatility and quality characteristics.

XMLV No data

Why people hold it

  • QLV The quality screen is the point: stocks are ranked on profitability, management efficiency and cash flow, and the bottom fifth is cut before the volatility work starts.sec.gov
  • 0.08% net of a waiver through March 1, 2027: below the category median, and under USMV at 0.15% and LGLV at 0.12%.
  • Sector, industry and single-stock limits inside the optimization push back on the utilities-and-staples pileup typical of low vol. Roughly 120 holdings.sec.gov
  • Sits in the top quartile of its US low volatility peer group, and pays quarterly.

XMLV No data

Worth knowing

  • QLV One of the less-traded funds in the category, so the bid-ask spread can matter more at the point of trade than the expense ratio.
  • Assets stay modest next to the category's multi-billion-dollar incumbents.
  • Low volatility here is relative, not absolute: the aim is calmer than the Northern Trust 1250 parent index, not shelter from a broad selloff.sec.gov

XMLV No data

Full QLV profile⁠

Full XMLV profile⁠

QLV vs XMLV 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.

QLV vs XMLV Cost

Overpaying XMLV vs QLV

$3,470

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

  • QLV 0.08%

    $1,689

  • XMLV 0.25%

    $5,159

$10,000
30 years

Cost over time

  • QLV 0.08%
  • XMLV 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530XMLV $5,159QLV $1,689

Year by year

YearQLVXMLVOverpaying
10$147$455$308
20$575$1,769$1,194
30$1,689$5,159$3,470

Expense ratio

  • 0.08%QLV, cheaper
  • 0.25%XMLV
  • Middle half of US Low Volatility Index funds
  • Median 0.20%

QLV cheapest of 16 funds

XMLV 10th cheapest of 16 funds

QLV vs XMLV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QLV 1.43%
XMLV 3.02%, better
Payout (12M)
QLV $1.18
XMLV $2.00
Last payment
QLV $0.28
XMLV $0.50
Ex-dividend
QLV Sep 18, 2026
XMLV Sep 21, 2026
Paid on
QLV Sep 24, 2026
XMLV Sep 25, 2026
Frequency
QLV Quarterly
XMLV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QLVQuarterly · 30 paymentsAll QLV payments⁠
One bar per payment. 30 payments from 2017 to 2026 YTD. Sep 20, 2019 $0.08; Dec 20, 2019 $0.16; Mar 20, 2020 $0.12; Jun 19, 2020 $0.12; Sep 18, 2020 $0.13; Dec 18, 2020 $0.20; Mar 19, 2021 $0.11; Jun 18, 2021 $0.14; Sep 17, 2021 $0.13; Dec 17, 2021 $0.16; Mar 18, 2022 $0.15; Jun 17, 2022 $0.18; Sep 16, 2022 $0.22; Dec 16, 2022 $0.33; Mar 17, 2023 $0.14; Jun 16, 2023 $0.24; Sep 15, 2023 $0.19; Dec 15, 2023 $0.30; Dec 22, 2023 $0.02; Mar 15, 2024 $0.17; Jun 21, 2024 $0.30; Sep 20, 2024 $0.25; Dec 20, 2024 $0.35; Mar 21, 2025 $0.23; Jun 20, 2025 $0.28; Sep 19, 2025 $0.29; Dec 19, 2025 $0.36; Mar 20, 2026 $0.23; Jun 18, 2026 $0.31; Sep 18, 2026 $0.28. Use the arrow keys to read each point.$0$0.502017202020232026YTD
XMLVQuarterly · 38 paymentsAll XMLV payments⁠
One bar per payment. 38 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.15; Sep 18, 2017 $0.17; Dec 18, 2017 $0.47; Mar 19, 2018 $0.19; Jun 18, 2018 $0.22; Sep 24, 2018 $0.23; Dec 24, 2018 $0.31; Mar 18, 2019 $0.14; Jun 24, 2019 $0.29; Sep 23, 2019 $0.28; Dec 23, 2019 $0.38; Mar 23, 2020 $0.37; Jun 22, 2020 $0.28; Sep 21, 2020 $0.19; Dec 21, 2020 $0.09; Mar 22, 2021 $0.13; Jun 21, 2021 $0.16; Sep 20, 2021 $0.20; Dec 20, 2021 $0.17; Mar 21, 2022 $0.24; Jun 21, 2022 $0.28; Sep 19, 2022 $0.36; Dec 19, 2022 $0.22; Mar 20, 2023 $0.34; Jun 20, 2023 $0.34; Sep 18, 2023 $0.32; Dec 18, 2023 $0.25; Mar 18, 2024 $0.33; Jun 24, 2024 $0.30; Sep 23, 2024 $0.32; Dec 23, 2024 $0.41; Mar 24, 2025 $0.51; Jun 23, 2025 $0.41; Sep 22, 2025 $0.45; Dec 22, 2025 $0.43; Mar 23, 2026 $0.57; Jun 22, 2026 $0.51; Sep 21, 2026 $0.50. Use the arrow keys to read each point.$0$0.502017202020232026YTD

QLV vs XMLV Risk

Fall from peak · 5 years

  • QLV
  • XMLV
Oct 29, 2021 to Oct 30, 2026. Worst fall: QLV −17.9% · Oct 2022. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
QLV 8.6%, betterXMLV 12.2%
Return per unit of riskSharpe ratio, 3 years
QLV 1.56, betterXMLV 0.78
Worst fallMax drawdown, 5 years
QLV −17.9%XMLV −16.5%, better
Market sensitivityBeta, 5 years
QLV 0.58XMLV 0.55

QLV and XMLV in the news

All news⁠

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