QLV vs SPE

Comparison between FLEXSHARES US QUALITY LOW VOLATILITY INDEX FUND (QLV, ETF) and Special Opportunities Fund Inc (SPE, ETF).

5-Year PerformanceQLV has outperformed SPE, delivering a return of +10.7% compared to +9.0%

QLV vs SPE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	QLV(ETF)	SPE(ETF)
Net Assets	$170M	$170M
Expense Ratio	0.08%	N/A
Max Drawdown	33.95%	58.53%
Sharpe Ratio	1.26	0.16
5Y Beta	0.58	0.56
P/E Ratio	22.21	N/A
Forward P/E	19.58	N/A
PEG Ratio	0.30	N/A
5Y Dividends CAGR	15.25%	13.47%
5Y EPS CAGR	23.76%	N/A
Debt to Equity	-27.48%	N/A
P/S Ratio	3.27	N/A
P/B Ratio	4.72	N/A

Net Assets

QLV

$170M

Winner

SPE

$170M

Expense Ratio

QLV

0.08%

SPE

N/A

Max Drawdown

Winner

QLV

33.95%

SPE

58.53%

Sharpe Ratio

Winner

QLV

1.26

SPE

0.16

5Y Beta

QLV

0.58

Winner

SPE

0.56

P/E Ratio

QLV

22.21

SPE

N/A

Forward P/E

QLV

19.58

SPE

N/A

PEG Ratio

QLV

0.30

SPE

N/A

5Y Dividends CAGR

Winner

QLV

15.25%

SPE

13.47%

5Y EPS CAGR

QLV

23.76%

SPE

N/A

Debt to Equity

QLV

-27.48%

SPE

N/A

P/S Ratio

QLV

3.27

SPE

N/A

P/B Ratio

QLV

4.72

SPE

N/A

QLV vs SPE - Historical Returns

Returns include dividend reinvestment.

Period	QLV	SPE
1 month	+1.53%	-3.33%
3 months	+1.66%	-3.08%
6 months	+5.08%	-0.68%
1 year	+14.30%	+5.11%
5 years(CAGR)	+10.65%	+9.05%
10 years(CAGR)	N/A	+11.49%
Max(CAGR)	+11.34%	+8.99%

Winner

QLV

+1.53%

SPE

-3.33%

Winner

QLV

+1.66%

SPE

-3.08%

Winner

QLV

+5.08%

SPE

-0.68%

Winner

QLV

+14.30%

SPE

+5.11%

5Y(CAGR)

Winner

QLV

+10.65%

SPE

+9.05%

10Y(CAGR)

QLV

N/A

SPE

+11.49%

Max(CAGR)

Winner

QLV

+11.34%

SPE

+8.99%

QLV vs SPE - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	QLV	SPE
2026	+5.58%	-2.43%
2025	+12.42%	+14.15%
2024	+17.93%	+34.11%
2023	+13.92%	+14.54%
2022	-9.42%	-18.85%
2021	+27.81%	+25.58%
2020	+9.13%	+4.29%
2019	+6.23%	+30.90%
2018	N/A	-9.91%
2017	N/A	+25.21%
2016	N/A	+10.69%
2015	N/A	-7.46%
2014	N/A	-1.88%
2013	N/A	+29.76%
2012	N/A	+11.73%
2011	N/A	+1.00%
2010	N/A	+5.05%
2009	N/A	+45.90%
2008	N/A	-15.82%
2007	N/A	+0.88%
2006	N/A	+9.61%
2005	N/A	+2.39%
2004	N/A	+1.11%
2003	N/A	+11.38%
2002	N/A	+11.83%
2001	N/A	+8.81%
2000	N/A	+18.23%
1999	N/A	-4.22%

QLV vs SPE Drawdown Comparison

The maximum drawdown for QLV was -33.70%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.

The maximum drawdown for SPE was -46.84%, occurring on Mar 23, 2020. Recovery took 207 trading sessions.

The current QLV drawdown is -1.15%. The current SPE drawdown is -5.31%.

Rank	QLV	SPE
#1	-33.70% Feb 19, 2020 - Sep 2, 2020	-46.84% Feb 19, 2020 - Dec 11, 2020
#2	-17.94% Dec 29, 2021 - Dec 12, 2023	-32.95% Jun 5, 2008 - Apr 27, 2009
#3	-12.05% Dec 5, 2024 - Jun 10, 2025	-24.14% Jan 7, 2022 - Mar 26, 2024
#4	-8.50% Sep 2, 2020 - Nov 16, 2020	-18.46% Dec 31, 2013 - Aug 23, 2016
#5	-6.88% Sep 3, 2021 - Oct 26, 2021	-17.47% Jan 26, 2018 - Jun 14, 2019
#6	-6.19% Mar 2, 2026 - May 12, 2026	-13.69% Feb 20, 2025 - May 20, 2025
#7	-5.37% Jan 25, 2021 - Mar 26, 2021	-13.13% Mar 15, 2004 - Aug 31, 2005
#8	-4.72% Jul 16, 2024 - Aug 16, 2024	-12.14% Jul 22, 2011 - Jan 25, 2012
#9	-4.46% Mar 28, 2024 - May 15, 2024	-12.05% Oct 6, 2009 - Oct 18, 2010
#10	-4.20% Jul 29, 2019 - Sep 4, 2019	-9.71% Jun 17, 2003 - Jan 20, 2004
#11	-3.57% Nov 19, 2021 - Dec 10, 2021	-9.32% Jan 15, 2026 - Mar 30, 2026
#12	-3.23% May 7, 2021 - Jun 10, 2021	-9.21% May 16, 2007 - Jan 25, 2008
#13	-3.17% Oct 18, 2024 - Nov 8, 2024	-8.92% Nov 19, 1999 - Jun 2, 2000
#14	-2.82% Sep 6, 2019 - Nov 1, 2019	-8.82% Sep 1, 2016 - Jan 18, 2017
#15	-2.64% Nov 8, 2024 - Nov 26, 2024	-8.09% Mar 26, 2012 - Sep 28, 2012

Correlation

Correlation between QLV and SPE is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (1999 - 2026)

QLV vs SPE dividend yield comparison.

Year	QLV	SPE
2026	0.30%	3.92%
2025	1.60%	13.73%
2024	1.66%	7.83%
2023	1.60%	8.77%
2022	1.74%	11.58%
2021	0.96%	11.64%
2020	1.24%	8.01%
2019	0.58%	6.35%
2018	0.00%	14.10%
2017	0.00%	16.53%
2016	0.00%	5.93%
2015	0.00%	9.02%
2014	0.00%	9.63%
2013	0.00%	12.66%
2012	0.00%	10.08%
2011	0.00%	3.69%
2010	0.00%	0.20%
2009	0.00%	6.59%
2008	0.00%	8.05%
2007	0.00%	5.22%
2006	0.00%	5.55%
2005	0.00%	7.30%
2004	0.00%	6.49%
2003	0.00%	7.64%
2002	0.00%	6.36%
2001	0.00%	5.35%
2000	0.00%	5.62%
1999	0.00%	1.04%