QLVD vs NVOX
Comparison between FLEXSHARES DEVELOPED MARKETS EX-US QUALITY LOW VOLATILITY INDEX FUND (QLVD, ETF) and DEFIANCE DAILY TARGET 2X LONG NVO ETF (NVOX, ETF).
QLVD vs NVOX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
QLVD vs NVOX - Holdings Comparison
QLVD and NVOX have 0 common holdings. Overlap is 0.00%
QLVD's top 25 holdings weight is 38.24%. NVOX's top 25 holdings weight is 1.17%.
| Rank | QLVD | NVOX |
|---|---|---|
| #1 | NOVARTIS AG REGISTERED SHARES (n/a) - 3.75% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 1.17% |
| #2 | ROYAL BANK OF CANADA (n/a) - 3.13% | N/A |
| #3 | ASML HOLDING NV (n/a) - 2.50% | N/A |
| #4 | UNILEVER PLC (n/a) - 2.23% | N/A |
| #5 | CANADIAN IMPERIAL BANK OF COMMERCE (n/a) - 1.83% | N/A |
| #6 | AIR LIQUIDE SA (n/a) - 1.80% | N/A |
| #7 | NESTLE SA (n/a) - 1.71% | N/A |
| #8 | IBERDROLA SA (n/a) - 1.61% | N/A |
| #9 | SANOFI SA (n/a) - 1.60% | N/A |
| #10 | DBS GROUP HOLDINGS LTD (n/a) - 1.55% | N/A |
| #11 | MITSUBISHI CORP (n/a) - 1.50% | N/A |
| #12 | SHELL PLC (n/a) - 1.34% | N/A |
| #13 | n/a (n/a) - 1.31% | N/A |
| #14 | DEUTSCHE TELEKOM AG (n/a) - 1.22% | N/A |
| #15 | OVERSEA-CHINESE BANKING CORP LTD (n/a) - 1.22% | N/A |
| #16 | THE TORONTO-DOMINION BANK (TD) - 1.18% | N/A |
| #17 | ZURICH INSURANCE GROUP AG (n/a) - 1.10% | N/A |
| #18 | CANADIAN NATIONAL RAILWAY CO (n/a) - 1.10% | N/A |
| #19 | ORIENTAL LAND CO LTD (n/a) - 1.01% | N/A |
| #20 | INTACT FINANCIAL CORP (n/a) - 0.95% | N/A |
| #21 | DEUTSCHE BOERSE AG (n/a) - 0.95% | N/A |
| #22 | ENGIE SA (n/a) - 0.95% | N/A |
| #23 | AENA SME SA (n/a) - 0.91% | N/A |
| #24 | COMPASS GROUP PLC (n/a) - 0.90% | N/A |
| #25 | DANONE SA (n/a) - 0.89% | N/A |
| Total Holdings | 192 | 1 |
QLVD vs NVOX - Historical Returns
Returns include dividend reinvestment.
QLVD vs NVOX - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | QLVD | NVOX |
|---|---|---|
| 2026 | +6.86% | -27.43% |
| 2025 | +24.46% | -77.42% |
| 2024 | +5.52% | -41.92% |
| 2023 | +11.27% | N/A |
| 2022 | -12.00% | N/A |
| 2021 | +8.30% | N/A |
| 2020 | +2.65% | N/A |
| 2019 | +6.34% | N/A |
QLVD vs NVOX Drawdown Comparison
The maximum drawdown for QLVD was -28.19%, occurring on Mar 23, 2020. Recovery took 209 trading sessions.
The maximum drawdown for NVOX was -94.50%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The current QLVD drawdown is -2.13%. The current NVOX drawdown is -90.06%.
| Rank | QLVD | NVOX |
|---|---|---|
| #1 | -28.19% Feb 19, 2020 - Dec 15, 2020 | -94.50% Dec 11, 2024 - Mar 27, 2026 |
| #2 | -23.97% Sep 3, 2021 - Mar 20, 2024 | -3.42% Dec 9, 2024 - Dec 11, 2024 |
| #3 | -9.18% Sep 26, 2024 - Mar 5, 2025 | -0.63% Dec 3, 2024 - Dec 6, 2024 |
| #4 | -8.14% Feb 27, 2026 - Mar 27, 2026 | N/A |
| #5 | -7.88% Mar 19, 2025 - Apr 15, 2025 | N/A |
| #6 | -5.29% Jan 8, 2021 - Apr 5, 2021 | N/A |
| #7 | -5.06% Mar 20, 2024 - May 15, 2024 | N/A |
| #8 | -4.15% Jul 18, 2019 - Sep 13, 2019 | N/A |
| #9 | -4.14% Jul 31, 2024 - Aug 15, 2024 | N/A |
| #10 | -3.89% Jul 23, 2025 - Aug 19, 2025 | N/A |
| #11 | -3.62% Jun 15, 2021 - Aug 11, 2021 | N/A |
| #12 | -3.57% Nov 12, 2025 - Dec 11, 2025 | N/A |
| #13 | -3.01% Sep 11, 2025 - Nov 12, 2025 | N/A |
| #14 | -2.85% Jun 6, 2024 - Jul 11, 2024 | N/A |
| #15 | -2.47% May 7, 2021 - May 18, 2021 | N/A |
Correlation
Correlation between QLVD and NVOX is -0.90 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
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