NOEQ vs QVML
Northern Trust US Equity ETF against Invesco S&P 500 QVM Multi-factor ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
28%
241 shared positions
Fee gap
1 bp
QVML is cheaper
1-year return gap
—
Larger fund
QVML
$1.7B
Side by side
| NOEQ | QVML | |
|---|---|---|
| Fund | Northern Trust US Equity ETF | Invesco S&P 500 QVM Multi-factor ETF |
| Issuer | Northern Trust FlexShares | Invesco |
| Category | Total Market | Multi-Factor |
| Expense ratio | 0.12% | 0.11% |
| Assets | $876M | $1.7B |
| Average daily dollar volume | $423 | $2.3M |
| Listed | Mar 20, 2026 | Jun 30, 2021 |
| FrenzyCap score | 47 | 75 |
| 1-month return | +2.4% | +2.5% |
| 3-month return | +4.3% | +4.0% |
| Year to date | — | +14.8% |
| 1-year return | — | +16.3% |
| 30-day volatility | 9.8% | 9.5% |
| Worst drawdown, 1 year | −3.7% | −9.0% |
| Trailing 12-month yield | 0.41% | 0.97% |
| Holdings | 409 | 451 |
| Top 10 weight | 69.5% | 41.6% |
| Look-through P/E | 29.9 | 24.6 |
| Holdings vs fair value | +2.7% | +2.9% |
| Holdings above 200-day average | 79% | 73% |
| Net flow, latest 3 reported months | −$96K thru Jun 2026 | −$6.1M thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Jun 30, 2026SEC filing | as of May 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
62% of NOEQ · 85% of QVML| Holding | NOEQ | QVML |
|---|---|---|
| GOOG | 7.11% | 6.50% |
| AMZN | 4.36% | 4.24% |
| NVDA | 2.02% | 8.00% |
| LLY | 5.42% | 1.51% |
| XOM | 5.53% | 1.01% |
| JNJ | 4.70% | 0.91% |
| INTC | 2.18% | 0.80% |
| GE | 2.69% | 0.59% |
| CVX | 3.33% | 0.55% |
| MRK | 6.30% | 0.51% |
| AAPL | 0.51% | 7.62% |
| AVGO | 0.48% | 3.22% |
| CAT | 0.45% | 0.70% |
| GEV | 2.08% | 0.44% |
| AMD | 0.34% | 1.34% |
| BA | 4.19% | 0.31% |
| DIS | 0.82% | 0.31% |
| BRK.B | 0.28% | 1.46% |
| JPM | 0.28% | 1.39% |
| MSFT | 0.25% | 5.09% |
| HD | 0.19% | 0.56% |
| UNH | 0.18% | 0.58% |
| V | 0.14% | 0.93% |
| PANW | 0.13% | 0.35% |
| COST | 0.12% | 0.70% |
Sector mix of the stock holdings
| Sector | NOEQ | QVML | Gap |
|---|---|---|---|
| Technology | 14.1% | 47.5% | −33.4% |
| Health Care | 18.0% | 7.8% | +10.2% |
| Industrials | 12.8% | 11.4% | +1.3% |
| Consumer Discretionary | 6.9% | 8.6% | −1.8% |
| Energy | 9.2% | 2.7% | +6.5% |
| Financials | 1.7% | 10.0% | −8.3% |
| Consumer Staples | 0.5% | 3.7% | −3.2% |
| Utilities | 0.4% | 2.8% | −2.4% |
| Materials | 0.2% | 2.3% | −2.0% |
| Communication Services | 0.2% | 1.8% | −1.5% |
| Real Estate | 0.2% | 1.4% | −1.3% |
| Other | 0.0% | 0.0% | +0.0% |
More: full overlap table · NOEQ holdings · QVML holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.