FQALvsONOFETF Comparison
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Fidelity Quality Factor ETF (FQAL) belongs to the US Multi-Factor segment. Global X Adaptive U.S. Risk Management ETF (ONOF) is part of the Multi-Asset: Other segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. FQAL is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.39% for ONOF. FQAL is up 8.63% year-to-date (YTD) with +$144M in YTD flows. ONOF performs worse with 5.2% YTD performance, and -$12M in YTD flows. Run a side-by-side ETF comparison of FQAL and ONOF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FQAL vs ONOF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FQAL ONOF | +2.35%+0.60% | +4.89%+3.63% | +8.63%+5.20% | +16.18%+13.47% | +63.27%+35.40% | +70.06%+45.19% |
| Flows | FQAL ONOF | -$12M-$1M | -$20M-$16M | +$144M-$12M | +$167M-$10M | +$634M+$12M | +$712M+$20M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FQAL ONOF | +10.46%+13.31% | +11.47%+12.09% | +13.98%+14.32% | +16.28%+14.52% |
| Max drawdown | FQAL ONOF | -3.20%-4.60% | -8.44%-6.75% | -16.70%-21.66% | -25.39%-25.41% |
| Max drawdown duration | FQAL ONOF | 8d52d | 50d107d | 126d205d | 750d756d |
Trading data
FQAL | ONOF | |
Last sale 7/24/2026 at 1:30 PM | $81.54 | $39.36 |
| Previous close 07/23/2026 | $81.20 | $39.35 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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FQAL | ONOF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
FQAL | ONOF | |
|---|---|---|
| Last price | $81.54 | $39.36 |
| 1D performance | +0.42% | +0.03% |
| AuM | $1.40 B | $136.67 M |
| E/R | 0.15% | 0.39% |
Characteristics
FQAL | ONOF | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | Global X |
| Benchmark | Fidelity U.S. Quality Factor Index | Adaptive Wealth Strategies U.S. Risk Management Index |
| N° of holdings | 123 | 496 |
| Asset class | Equities | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2016 | January 13, 2021 |
| ESG | No | No |
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Exposure
Countries
FQAL
USA
98.93%
Other
1.07%
ONOF
USA
97.14%
Other
2.86%
Sectors
FQAL
Technology
43.14%
Finance
13.02%
Healthcare
9.33%
Industrials
7.98%
Other
26.52%
ONOF
Technology
44.94%
Finance
12.97%
Healthcare
8.91%
Consumer Non-Cycl.
8.83%
Industrials
8.17%
Other
16.17%
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Diversification
FQAL
Total weight of top 15 holdings out of 15
44.65%
ONOF
Total weight of top 15 holdings out of 15
41.97%
Top 15 holdings
Data as of June 30, 2026
FQAL
NVIDIA Corp.
7.60%
Apple, Inc.
6.84%
Alphabet, Inc.
5.45%
Microsoft Corp.
4.65%
Broadcom Inc.
3.24%
Applied Materials, Inc.
1.95%
Meta Platforms, Inc.
1.95%
Eli Lilly & Co.
1.91%
JPMorgan Chase & Co.
1.90%
Lam Research Corp.
1.75%
KLA Corp.
1.58%
Seagate Technology Holdings Plc
1.54%
Cisco Systems, Inc.
1.48%
Visa, Inc.
1.41%
Johnson & Johnson
1.40%
ONOF
NVIDIA Corp.
7.05%
Apple, Inc.
6.23%
Microsoft Corp.
4.17%
Amazon.com, Inc.
3.56%
Alphabet, Inc.
3.18%
Alphabet, Inc.
2.75%
Broadcom Inc.
2.68%
Tesla, Inc.
2.13%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.91%
Eli Lilly & Co.
1.61%
JPMorgan Chase & Co.
1.37%
Advanced Micro Devices, Inc.
1.36%
Berkshire Hathaway, Inc.
1.03%
Johnson & Johnson
0.95%
Frequently asked questions about FQAL and ONOF
How have the FQAL and ONOF ETFs performed in 2026?
As of July 24, 2026, FQAL is up 8.63% year-to-date (YTD), while ONOF has returned 5.2%. That puts FQAL better performer ahead so far this year.
Which ETF is attracting more investor money: FQAL or ONOF?
Year-to-date, the FQAL ETF saw +$144M in flows, compared to -$12M for ONOF.
Which ETF is more volatile: FQAL or ONOF?
Over the past year, FQAL had a volatility of 11.47%, while ONOF experienced 12.09%.
Which ETF is bigger: FQAL or ONOF?
As of July 24, 2026, FQAL holds $1.40 B in assets under management (AUM), while ONOF manages $136.67 M.
What sectors do the FQAL and ONOF ETFs invest in?
FQAL leans toward sectors like Technology, Finance and Healthcare. Meanwhile, ONOF focuses on Technology, Finance and Healthcare.
What are the top holdings of the FQAL ETF and ONOF ETF?
FQAL top holdings include NVIDIA Corp., Apple, Inc. and Alphabet, Inc.. ONOF holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: FQAL or ONOF?
FQAL holds 123 securities with 44.65% of its assets in the top 15. ONOF has 500 securities and a top 15 weight of 41.97%.
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Latest news about FQAL & ONOF
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