SPE vs QLV

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

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

SPE vs QLV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

SPE

$170M

QLV

$170M

Expense Ratio

SPE

N/A

QLV

0.08%

Max Drawdown

SPE

58.53%

Winner

QLV

33.95%

Sharpe Ratio

SPE

0.16

Winner

QLV

1.26

5Y Beta

Winner

SPE

0.56

QLV

0.58

P/E Ratio

SPE

N/A

QLV

22.21

Forward P/E

SPE

N/A

QLV

19.58

PEG Ratio

SPE

N/A

QLV

0.30

5Y Dividends CAGR

SPE

13.47%

Winner

QLV

15.25%

5Y EPS CAGR

SPE

N/A

QLV

23.76%

Debt to Equity

SPE

N/A

QLV

-27.48%

P/S Ratio

SPE

N/A

QLV

3.27

P/B Ratio

SPE

N/A

QLV

4.72

SPE vs QLV - Historical Returns

Returns include dividend reinvestment.

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

SPE

-3.33%

Winner

QLV

+1.53%

SPE

-3.08%

Winner

QLV

+1.66%

SPE

-0.68%

Winner

QLV

+5.08%

SPE

+5.11%

Winner

QLV

+14.30%

5Y(CAGR)

SPE

+9.05%

Winner

QLV

+10.65%

10Y(CAGR)

SPE

+11.49%

QLV

N/A

Max(CAGR)

SPE

+8.99%

Winner

QLV

+11.34%

SPE vs QLV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

SPE vs QLV Drawdown Comparison

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

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

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

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

Correlation

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

0.97

-101

Dividend Comparison (1999 - 2026)

SPE vs QLV dividend yield comparison.

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