FlexShares Developed Markets ex-US Quality… (QLVD) Performance
QLVD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.0% since Dec 31, 2025
- 1 year
- +13.5% total return
- 5 years
- +7.5% a year
- Since first price
- +7.5% a year since 2019
QLVD trailing returns vs SPY, QQQ, AGG
| Period | QLVD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.3% | +3.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.5% | +3.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.9% | +3.7% | +7.8% | +8.4% | −1.5% |
| YTD | +11.0% | +8.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.5% | +10.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +59.4%+16.8%/yr | +45.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +43.8%+7.5%/yr | +23.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJul 16, 2019 | +69.1%+7.5%/yr | +38.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: QLVD vs SPY
From Jul 16, 2019: QLVD grew to $16,914, SPY to $28,154.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QLVD returns by calendar year
5 of 6 full years positive. Best 2025 (+24.2%), worst 2022 (−12.1%). 2026 is year to date.
QLVD annual returns table
| Year | QLVD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.0% | −8.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +24.2% | −7.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +4.7% | −8.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.6% | −9.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.1% | −22.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +9.0% | −5.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +3.0% | −28.2% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
QLVD largest drawdowns
Now 0.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −28.2% | Mar 23, 2020 | Dec 15, 2020 | 33 days | 10 months |
| Sep 3, 2021 | −24.0% | Oct 14, 2022 | Mar 20, 2024 | 1.1 years | 2.5 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QLVD risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +14.0% | +7.2% | +7.2% |
| Volatility (annualized) | 11.0% | 12.6% | 13.0% |
| Sharpe ratio | 0.86 | 0.33 | 0.40 |
| Sortino ratio | 1.44 | 0.50 | 0.59 |
| Best month | +7.0% | +9.4% | +9.6% |
| Worst month | −5.6% | −7.4% | −10.2% |
| Best 12 months | +27.2% | +27.2% | +27.2% |
| Worst 12 months | +4.7% | −18.5% | −18.5% |
| Positive months | 64% | 57% | 59% |
| Beta vs S&P 500 | 0.27 | 0.50 | — |
| Correlation with S&P 500 | 0.30 | 0.62 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
QLVD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 76 | −18.5% | +9.7% | +27.2% | 82% |
| 3-year (a year) | 52 | −2.6% | +4.8% | +16.7% | 94% |
| 5-year (a year) | 28 | +2.9% | +7.2% | +9.4% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
QLVD performance overview
FlexShares Developed Markets ex-US Quality… (QLVD) returned +13.5% over the past year and +7.5% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +7.5% a year, turning $10,000 into about $16,914. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −28.2%, from Feb 19, 2020 to Mar 23, 2020, and it took 9 months to get back to the old high. QLVD finished 5 of its 6 full calendar years with a gain; the best year was 2025 (+24.2%) and the worst 2022 (−12.1%). Volatility has been 13.0% a year.
Related: QLVD chart, QLVD holdings, QLVD dividends. See the QLVD overview for the latest quote and fund facts.
QLVD performance FAQ
What is the QLVD return over the past year?
QLVD returned +13.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.0%.
What is the average annual return of QLVD?
QLVD has returned +7.5% a year over 5 years, +7.5% a year since July 16, 2019 (total return, distributions reinvested).
How much would $10,000 invested in QLVD be worth?
$10,000 invested in QLVD at its first recorded close on July 16, 2019 would be worth about $16,914 on October 23, 2026 with distributions reinvested.
What was the worst year for QLVD?
The worst calendar year was 2022, with a total return of −12.1%. The best was 2025 at +24.2%.
What is the biggest drawdown of QLVD?
The largest peak-to-trough decline was −28.2% between February 19, 2020 and March 23, 2020. It recovered to the old high on December 15, 2020, 9 months after the bottom.
How volatile is QLVD?
Over the past 3 years QLVD had an annualized volatility of 11.0% and a Sharpe ratio of 0.86 (excess return over 1–3 month T-bills per unit of risk).