QDEF Northern Trust Quality Dividend Defensive ETF

Last close: 88.33
504-day return: +29.74%
Median $/day: $589k
Relationships shown: 15
Leader rank: #238

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

Same exposure: UPSD move almost identically to QDEF (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

QDEF vs QLV

Both indexed to 100 at 2026-05-11.

QDEF QLV · range 99–112 · 2026-05-11 → 2026-11-06

Follows QDEF

These tend to repeat QDEF's moves later.

RGCO RGC Resources Inc. Common Stock

lag 1dρ -0.24holdout -0.10stable 75%$/day $228kmoderate

EP Empire Petroleum Corporation

lag 1dρ -0.21holdout -0.10stable 75%$/day $129kmoderate

JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF

lag 1dρ -0.21holdout -0.26stable 62%$/day $105kmoderate

Moves with QDEF

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

QLV Northern Trust US Quality Low Volatility ETF

ρ +0.88beyond mkt +0.57holdout +0.79stable 100%robust

FLRG Fidelity U.S. Multifactor ETF

ρ +0.92beyond mkt +0.51holdout +0.92stable 100%robust

FDVV Fidelity High Dividend ETF

ρ +0.90beyond mkt +0.45holdout +0.89stable 100%robust

VIG Vanguard Dividend Appreciation ETF

ρ +0.91beyond mkt +0.41holdout +0.87stable 100%robust

LOWV AB US Low Volatility Equity ETF

ρ +0.88beyond mkt +0.40holdout +0.90stable 100%robust

DUHP U.S. High Relative Profitability Portfolio ETF Class Shares

ρ +0.91beyond mkt +0.39holdout +0.85stable 100%robust

Moves against QDEF

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.50beyond mkt +0.08holdout -0.46stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.51beyond mkt +0.08holdout -0.31stable 88%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.60beyond mkt +0.06holdout -0.49stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.70beyond mkt +0.04holdout -0.61stable 100%robust

CAOS Alpha Architect Tail Risk ETF

ρ -0.30beyond mkt -0.01holdout -0.33stable 88%robust

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

DCRE DoubleLine Commercial Real Estate Debt ETF

horizon 5dρ +0.31holdout +0.43stable 50%moderate

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.69recent -0.21prior +0.48beyond mkt +0.01

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.61recent -0.41prior +0.21beyond mkt -0.03

FORM FormFactor, Inc. FormFactor, Inc. Common Stock

Δ -0.61recent -0.16prior +0.45beyond mkt -0.00

SMTC Semtech Corporation Common Stock

Δ -0.59recent -0.07prior +0.53beyond mkt -0.01

MTZ MasTec, Inc.

Δ -0.59recent -0.12prior +0.48beyond mkt -0.09

VMI Valmont Industries, Inc.

Δ -0.57recent +0.01prior +0.59beyond mkt -0.08

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
QLV Northern Trust US Quality Low Volatility ETF	+0.57	+0.88	9
VIG Vanguard Dividend Appreciation ETF	+0.41	+0.91	5
FLRG Fidelity U.S. Multifactor ETF	+0.51	+0.92	13
LOWV AB US Low Volatility Equity ETF	+0.40	+0.88	9
FDLO Fidelity Low Volatility Factor ETF	+0.36	+0.87	8
DUHP U.S. High Relative Profitability Portfolio ETF Class Shares	+0.39	+0.91	11