CVLC vs QLV
Calvert US Large-Cap Core Responsible Index ETF vs Northern Trust US Quality Low Volatility ETF
Which is better, CVLC or QLV?
CVLC has been ahead.
QLV has a lower expense ratio. CVLC led over 1Y, 3Y and the full window. QLV is less concentrated, with 36.8% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVLC | QLV |
|---|---|---|
| Expense Ratio | 0.15% | 0.08%Best |
| AUM | $1.0B | $171M |
| Dividend Yield | 0.93% | 1.50% |
| Holdings | 1,511 | 125 |
| YTD Return | +12.83% | +13.30%Best |
| 1Y Return | +17.38%Best | +14.01% |
| 3Y Return (annualized) | +22.00%Best | +16.91% |
| 5Y Return (annualized) | - | +10.85% |
| Volatility (annualized) | 13.2% | 8.7%Best |
| Max Drawdown | -19.9% | -12.1%Best |
| $10,000 over 3.7 years | $19,146Best | $16,504 |
| Top 10 Weight | 38.2% | 36.8%Best |
| Fund Family | Calvert | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | Jul 15, 2019 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVLC vs QLV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
CVLC vs QLV Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and Northern Trust US Quality Low Volatility ETF (QLV) is an ETF from Northern Trust Asset Management. Over the past year CVLC returned +17.38% while QLV returned +14.01%. Year to date, CVLC is up 12.83% versus a gain of 13.30% for QLV.
Over three years, CVLC compounded at +22.00% per year against +16.91% for QLV. Across the full 4-year window we track, CVLC has the edge at +19.19% annualized vs +14.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVLC has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 8.7% for QLV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.9% for CVLC and -12.1% for QLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVLC charges 0.15% per year while QLV charges 0.08%. On a $10,000 position that is $15 vs $8 annually, a gap of $7 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 1.50% for QLV.
Holdings Overlap
49.0% of CVLC's money is in holdings QLV also owns. 67.7% of QLV's money is in holdings CVLC also owns.
The two portfolios partly overlap.
75 positions in common, counted across the 759 positions we hold weights for in CVLC and 120 in QLV, against full books of 1,511 and 125.
What only one of them owns
Our book lists 38 positions for QLV that do not appear in our book for CVLC (29.0% of the fund), and 665 for CVLC that do not appear in QLV (50.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVLC | Weight in QLV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.80% | 6.86% | 0.94% |
| AAPLApple, Inc | 7.03% | 6.09% | 0.94% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.49% | 6.58% | 1.09% |
| GOOGLAlphabet Inc-cl A | 5.35% | 1.94% | 3.41% |
| AMZNAmazon.Com Inc | 3.63% | 2.46% | 1.17% |
| AVGOBroadcom Inc | 2.48% | 1.81% | 0.67% |
| VVisa Inc. 'A' | 1.01% | 2.15% | 1.14% |
| LLYEli Lilly & Co. | 1.52% | 1.29% | 0.23% |
| MUMicron Technology, Inc. | 1.88% | 0.56% | 1.32% |
| ABBVAbbvie Inc. | 0.81% | 1.62% | 0.81% |
67.7% of QLV is already inside CVLC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVLC or QLV?
CVLC has an expense ratio of 0.15% while QLV charges 0.08%. QLV is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, CVLC or QLV?
Over the past year CVLC returned +17.38% vs +14.01% for QLV, so CVLC leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.19% vs +14.50% for QLV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or QLV?
CVLC has been the more volatile fund at 13.2% annualized versus 8.7% for QLV. Worst drawdown: CVLC -19.9% vs QLV -12.1%.
Should I hold both CVLC and QLV?
CVLC and QLV have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CVLC and QLV?
67.7% of QLV's money is in holdings CVLC also owns. 67.7% of QLV's is in holdings CVLC also owns. They hold 75 positions in common, counted across the 759 positions we hold weights for in CVLC and 120 in QLV.
Which pays a higher dividend, CVLC or QLV?
CVLC yields 0.93% while QLV yields 1.50%, so QLV currently pays the higher dividend yield.
Is QLV better than CVLC?
QLV has a lower expense ratio. CVLC led over 1Y, 3Y and the full window. QLV is less concentrated, with 36.8% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.