BAVA vs QLVE

Comparison between Bitwise Avalanche ETF (BAVA, ETF) and FLEXSHARES EMERGING MARKETS QUALITY LOW VOLATILITY INDEX FUND (QLVE, ETF).

BAVA vs QLVE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BAVA(ETF)	QLVE(ETF)
Net Assets	$17M	$17M
Expense Ratio	0.34%	0.18%
Max Drawdown	40.15%	29.99%
Sharpe Ratio	-2.41	0.97
5Y Beta	2.21	0.63
5Y Dividends CAGR	N/A	11.83%

Net Assets

BAVA

$17M

Winner

QLVE

$17M

Expense Ratio

BAVA

0.34%

Winner

QLVE

0.18%

Max Drawdown

BAVA

40.15%

Winner

QLVE

29.99%

Sharpe Ratio

BAVA

-2.41

Winner

QLVE

0.97

5Y Beta

BAVA

2.21

Winner

QLVE

0.63

5Y Dividends CAGR

BAVA

N/A

QLVE

11.83%

BAVA vs QLVE - Historical Returns

Returns include dividend reinvestment.

Period	BAVA	QLVE
1 month	+6.29%	-4.71%
3 months	-27.53%	+5.55%
6 months	N/A	+9.11%
1 year	N/A	+22.25%
5 years(CAGR)	N/A	+7.44%
Max(CAGR)	-73.29%	+6.84%

Winner

BAVA

+6.29%

QLVE

-4.71%

BAVA

-27.53%

Winner

QLVE

+5.55%

BAVA

N/A

QLVE

+9.11%

BAVA

N/A

QLVE

+22.25%

5Y(CAGR)

BAVA

N/A

QLVE

+7.44%

Max(CAGR)

BAVA

-73.29%

Winner

QLVE

+6.84%

BAVA vs QLVE - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	BAVA	QLVE
2026	-29.57%	+11.83%
2025	N/A	+21.64%
2024	N/A	+10.57%
2023	N/A	+8.52%
2022	N/A	-13.52%
2021	N/A	+0.80%
2020	N/A	+2.85%
2019	N/A	+4.97%

BAVA vs QLVE Drawdown Comparison

The maximum drawdown for BAVA was -40.15%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

The maximum drawdown for QLVE was -29.96%, occurring on Mar 23, 2020. Recovery took 222 trading sessions.

The current BAVA drawdown is -34.74%. The current QLVE drawdown is -4.80%.

Rank	BAVA	QLVE
#1	-40.15% May 11, 2026 - Jun 25, 2026	-29.96% Jan 13, 2020 - Nov 27, 2020
#2	-8.30% Apr 16, 2026 - May 8, 2026	-25.82% Feb 17, 2021 - Sep 19, 2024
#3	N/A	-13.30% Sep 26, 2024 - Jun 9, 2025
#4	N/A	-11.60% Feb 25, 2026 - May 5, 2026
#5	N/A	-7.27% Jul 18, 2019 - Oct 28, 2019
#6	N/A	-7.05% Jun 2, 2026 - Jun 5, 2026
#7	N/A	-4.49% Jan 21, 2021 - Feb 11, 2021
#8	N/A	-3.87% May 8, 2026 - May 28, 2026
#9	N/A	-3.72% Nov 7, 2019 - Dec 16, 2019
#10	N/A	-3.69% Oct 29, 2025 - Jan 2, 2026
#11	N/A	-3.28% Oct 6, 2025 - Oct 16, 2025
#12	N/A	-3.18% Jan 26, 2026 - Jan 28, 2026
#13	N/A	-2.42% Jul 23, 2025 - Aug 12, 2025
#14	N/A	-2.36% Jan 28, 2026 - Feb 9, 2026
#15	N/A	-2.18% Nov 27, 2020 - Dec 3, 2020

Correlation

Correlation between BAVA and QLVE is -0.45 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.45

-101