Seeking AlphaT3·53mo ago
QLVE Northern Trust Emerging Markets Quality Low Volatility ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
QLVE
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Key stats
About
Northern Trust Emerging Markets Quality Low Volatility ETF (QLVE) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2019-07-15
- Has Options
- No
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
International Equity
Emerging Markets#94 of 109 by assets
Northern Trust FlexShares
Emerging Markets
Index-tracking
- Expense ratio
- 0.18% prospectus, filed Feb 25, 2026
- Assets
- $16M shares × price, Oct 21, 2026
- Trailing yield
- 3.10% paid quarterly
- Average daily volume
- $15K 30 sessions
- Holdings
- 170 top 10 are 37.6%
- Listed
- Jul 15, 2019 NYSE Arca
- Last fee change
- -22 bp filed Dec 20, 2024
- Tracking difference
- -0.13 pts vs index, after fees, FY 2025
Cost90
Liquidity0
Scale8
Diversification58
Moves with. Emerging markets over US (56% of its variance, beta 0.79); US large-cap stocks (31% of its variance, beta 0.71). These factors explain 85% of its daily moves over the last year.
Stated objective. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Emerging Markets Quality Low Volatility Index SM (the Underlying Index). (from the fund's prospectus)
All 170 holdingsFlow historySimilar fundsOverlap toolAll Emerging Markets ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- $0 latest reported month
- Latest 3 months
- $0 0.0% of assets
- Latest 12 months
- $0 0.0% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | $0 |
| Jun 2026 | $0 |
| May 2026 | $0 |
| Apr 2026 | $0 |
| Mar 2026 | $0 |
| Feb 2026 | $0 |
| Jan 2026 | $0 |
| Dec 2025 | $0 |
| Nov 2025 | $0 |
| Oct 2025 | $0 |
| Sep 2025 | $0 |
| Aug 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BBEMJPMorgan BetaBuilders Emerging Markets Equity ETF | 41% | 0.15% | $835M | +11.7% | compare |
| GEMGoldman Sachs ActiveBeta Emerging Markets Equity ETF | 41% | 0.35% | $1.7B | +16.2% | compare |
| EEMiShares MSCI Emerging Markets ETF | 41% | 0.72% | $29.6B | +15.8% | compare |
| EEMXState Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 40% | 0.30% | $174M | +16.3% | compare |
| AAXJiShares MSCI All Country Asia ex Japan ETF | 40% | 0.72% | $3.7B | +16.2% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Jul 31, 2026SEC filing- Insider buying
- 1% of weight had net insider buying, 90 days; 0% net selling
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Apr 30, 2026 → Jul 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | Petroleo Brasileiro SA - Petrobras | — | 1.09% | — |
| New position | Novatek Microelectronics Corp. | — | 0.95% | — |
| Decrease | BABAAlibaba Group Holding Ltd. | 2.21% | 1.31% | −30.0% |
| Increase | Infosys Ltd. | 0.29% | 1.12% | +338.6% |
| New position | PetroChina Co. Ltd. | — | 0.83% | — |
| Exit | Manila Electric Co. | 0.81% | — | — |
| New position | PTT Exploration & Production PCL | — | 0.73% | — |
| Exit | Salik Co. PJSC | 0.67% | — | — |
| New position | Ecopetrol SA | — | 0.66% | — |
| Decrease | Colgate-Palmolive India Ltd. | 0.66% | 0.03% | −95.0% |
17 new, 28 exited, 33 increased and 33 decreased between the fund's two latest holdings reports; turnover 16.7%. Full holdings and history
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 0 active of 24 with agreements
- Created · redeemed
- $0 · $0 over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 100,000 shares
- Securities lending
- 0.05% of assets on loan on average; earned 0.0 bp
- Return vs index
- -0.13 pts after fees; +0.08 before; daily s.d. 1.61
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-07-31
Holdings
170
AUM
$16.9M
Provider
Nport
Inception
2019-07-15
Exchange
ARCX
Data As Of
2026-07-31
Expense Ratio
0.18%
Dividend Yield
3.10%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-18 | 2026-09-24 | $0.3404 | CD |
| 2026-06-18 | 2026-06-25 | $0.2407 | CD |
| 2025-12-24 | 2025-12-30 | $0.0056 | SC |
| 2025-12-19 | 2025-12-26 | $0.4321 | CD |
| 2025-09-19 | 2025-09-25 | $0.2051 | CD |
| 2025-06-20 | 2025-06-26 | $0.1965 | CD |
Asset Allocation
Top Holdings
top 50 of 170 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Taiwan Semiconductor Manufacturing Co. Ltd. | 15.11% | Equity (common) | TW |
| — | Samsung Electronics Co. Ltd. | 6.48% | Equity (common) | KR |
| — | International Holding Co. PJSC | 3.66% | Equity (common) | AE |
| — | SK hynix, Inc. | 3.08% | Equity (common) | KR |
| — | Tencent Holdings Ltd. | 2.52% | Equity (common) | HK |
| — | Samsung Electronics Co. Ltd. | 2.02% | Equity (common) | KR |
| — | CF SECURED LLC | 1.35% | Repurchase agreement | US |
| BABA | Alibaba Group Holding Ltd. | 1.31% | Equity (common) | US |
| — | HDFC Bank Ltd. | 1.23% | Equity (common) | IN |
| — | Infosys Ltd. | 1.12% | Equity (common) | IN |
| — | Petroleo Brasileiro SA - Petrobras | 1.09% | Equity (common) | BR |
| — | Bank of China Ltd. | 1.09% | Equity (common) | HK |
| — | United Microelectronics Corp. | 1.05% | Equity (common) | TW |
| — | Samsung SDS Co. Ltd. | 1.04% | Equity (common) | KR |
| — | Industrial & Commercial Bank of China Ltd. | 1.02% | Equity (common) | HK |
| — | Novatek Microelectronics Corp. | 0.95% | Equity (common) | TW |
| — | BB Seguridade Participacoes SA | 0.94% | Equity (common) | BR |
| — | Marico Ltd. | 0.90% | Equity (common) | IN |
| — | MediaTek, Inc. | 0.90% | Equity (common) | TW |
| — | Bharti Airtel Ltd. | 0.88% | Equity (common) | IN |
| — | Bangkok Dusit Medical Services PCL | 0.86% | Equity (common) | TH |
| — | Jarir Marketing Co. | 0.86% | Equity (common) | SA |
| — | Eicher Motors Ltd. | 0.86% | Equity (common) | IN |
| — | Asian Paints Ltd. | 0.85% | Equity (common) | IN |
| — | Tata Consultancy Services Ltd. | 0.85% | Equity (common) | IN |
| — | Sun Pharmaceutical Industries Ltd. | 0.85% | Equity (common) | IN |
| — | First Financial Holding Co. Ltd. | 0.84% | Equity (common) | TW |
| — | Emirates Integrated Telecommunications Co. PJSC | 0.84% | Equity (common) | AE |
| — | Caixa Seguridade Participacoes SA | 0.84% | Equity (common) | BR |
| — | Guangdong Investment Ltd. | 0.83% | Equity (common) | HK |
| — | PetroChina Co. Ltd. | 0.83% | Equity (common) | HK |
| — | Far EasTone Telecommunications Co. Ltd. | 0.82% | Equity (common) | TW |
| — | Public Bank Bhd. | 0.76% | Equity (common) | MY |
| — | Tingyi Cayman Islands Holding Corp. | 0.76% | Equity (common) | HK |
| — | China Construction Bank Corp. | 0.73% | Equity (common) | HK |
| — | PTT Exploration & Production PCL | 0.73% | Equity (common) | TH |
| — | China Shenhua Energy Co. Ltd. | 0.69% | Equity (common) | HK |
| — | Hindustan Unilever Ltd. | 0.69% | Equity (common) | IN |
| — | Korea Electric Power Corp. | 0.67% | Equity (common) | KR |
| — | National Bank of Kuwait SAKP | 0.67% | Equity (common) | KW |
| — | Ecopetrol SA | 0.66% | Equity (common) | CO |
| — | Pidilite Industries Ltd. | 0.65% | Equity (common) | IN |
| — | Chunghwa Telecom Co. Ltd. | 0.64% | Equity (common) | TW |
| — | China Coal Energy Co. Ltd. | 0.63% | Equity (common) | HK |
| — | Maruti Suzuki India Ltd. | 0.62% | Equity (common) | IN |
| — | Dr. Sulaiman Al Habib Medical Services Group Co. | 0.62% | Equity (common) | SA |
| — | KT&G Corp. | 0.62% | Equity (common) | KR |
| — | Amorepacific Corp. | 0.62% | Equity (common) | KR |
| — | Shanghai Commercial & Savings Bank Ltd. (The) | 0.62% | Equity (common) | TW |
| — | HCL Technologies Ltd. | 0.61% | Equity (common) | IN |
Geographic Breakdown
Non-Equity Breakdown
FlexShares Emerging Markets Quality Low Volatility Index Fund ·
NPORT-P period 2026-07-31
(filed 2026-09-25)
Net assets:
$17M
· 170 total positions
· equity 99.24%
· non-equity 1.46%
Non-equity holdings
— 32 positions,
1.46% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Repurchase agreement | 1.35% | $227587 | 1 |
| Short-term investment | 0.18% | $29543 | 29 |
| Derivative (FX) | -0.00% | $-239 | 1 |
| Derivative (equity) | -0.07% | $-11361 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.29% | 1.56% | 4.83% | -0.65% | 0.89% | 3.50% | 2.07% |
| Feb | -1.87% | -2.70% | -6.50% | 2.67% | -0.43% | 2.74% | -1.01% |
| Mar | -1.33% | -0.73% | 2.87% | 0.03% | 1.73% | -5.99% | -0.57% |
| Apr | -0.21% | -3.63% | 0.11% | -0.41% | 1.54% | 8.52% | 0.99% |
| May | 0.20% | -1.09% | -1.32% | 1.64% | 2.25% | 5.38% | 1.18% |
| Jun | -1.14% | -5.03% | 1.95% | 0.84% | 3.78% | -3.51% | -0.52% |
| Jul | -4.21% | 0.13% | 2.90% | 1.91% | 0.34% | -0.62% | 0.07% |
| Aug | 2.79% | -0.32% | -3.38% | 3.54% | 1.66% | 3.25% | 1.26% |
| Sep | -4.79% | -9.30% | -4.11% | 5.49% | 3.36% | -1.17% | -1.75% |
| Oct | 1.22% | -2.26% | -1.80% | -3.38% | 2.53% | -2.55%* | -1.04% |
| Nov | -3.45% | 9.22% | 4.48% | -1.98% | -1.61% | -- | 1.33% |
| Dec | 1.28% | -1.19% | 2.64% | -3.16% | 0.02% | -- | -0.08% |
| Total | -9.16% | -15.20% | 1.95% | 6.32% | 17.14% | 9.01% | 1.68% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $33.56
SMA 50: $33.84
SMA 200: $32.51
Current: $32.89
EMA 12: $33.18
EMA 26: $33.50
MACD: -0.3191 | Signal: -0.1134
BEARISH
ADX (14): 14.54
RANGE
+DI: 38.03
−DI: 56.38
Momentum Oscillators
RSI (14): 40.18
NEUTRAL
Stoch %K: 12.63
Stoch %D: 7.67
Williams %R: -82.61
Volume & Volatility
BB Upper: $34.65
BB Lower: $32.47
NEUTRAL
OBV: -45,222
Vol SMA 20: 644
Vol ROC: -46.15%
ATR: $0.26
True Range: $0.12
HV 20: 12.6%
HV 30: 16.6%
HV 60: 16.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: QLVE
Executive Summary
BULLISH/BEARISH: NEUTRAL (Confidence Level: 6/10)
Key drivers:
- Positive momentum signals from MACD and Bollinger Bands
- Neutral sentiment from recent news headlines
- Medium-term trend direction leaning towards a range-bound market
Primary risks:
- High volatility levels, which may amplify price movements
- Potential for mean reversion in the stock's price due to overbought conditions
Investment thesis: QLVE is trading within a medium-term range, with momentum indicators suggesting a potential breakout. However, recent news sentiment is neutral, and the stock's high volatility increases the risk of significant price movements.
Recent news sentiment impact: The recent news headlines are generally neutral, which aligns with the overall market narrative. This lack of directional bias in the news reinforces our neutral investment thesis.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Neutral Medium-term (1-3 months): Range-bound Long-term (3-12 months): Bullish
Support/Resistance Levels:
- Upper Bollinger Band ($34.11)
- Middle Band ($33.12)
Momentum Signals:
- RSI interpretation: Neutral (52.96)
- MACD signal: Bullish (0.11 / Signal: 0.05 / Histogram: 0.06)
- Bollinger Bands position: Neutral
Volume Analysis: Volume trends: Low Institutional interest signals: None
News & Sentiment Analysis
Recent Headlines Summary:
- Q2 2022 Global Outlook: Bracing For Volatility (Seeking Alpha, 2022-05-26) - NEUTRAL sentiment
- Where Fundamentals Meet Technicals: The Dollar And Emerging Markets (Seeking Alpha, 2022-01-13) - NEUTRAL sentiment
Sentiment Assessment: NEUTRAL
Catalyst Identification: None
Market Narrative: The market narrative is neutral, reflecting the lack of directional bias in recent news headlines.
Risk & Volatility Assessment
Beta Interpretation: High risk (beta 1.07)
Volatility Regime: Above average volatility
Options Market Signals:
- IV rank: N/A
- Put/call ratios: N/A
- Unusual activity: None
Downside Protection: Support levels and risk management considerations
Market Context & Positioning
Sector Performance: Neutral vs sector/market
Institutional Activity: Low volume patterns suggesting institutional interest
Correlation Analysis: High correlation with market (R-squared interpretation)
Relative Valuation: Position within trading range
Key Levels & Action Items
Critical Price Levels:
- Upper Bollinger Band ($34.11)
- Middle Band ($33.12)
Breakout/Breakdown Levels: None
Time-Sensitive Catalysts: Earnings dates (if available)
Risk Management: Stop-loss levels and position sizing considerations
Generated
News
All QLVE news →
Seeking AlphaT3·58mo ago
QLVE Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.1014
Alpha: -4.48%
Correlation: 0.6984
R-Squared: 48.8%
Stock Volatility: 20.0%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 250
Period: 252 trading days
Data Points: 250
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
QLVE Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|