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FQALvsPBUSETF Comparison

ETF 1

FQAL

Fidelity Quality Factor ETF

This fund is part of

US Multi-Factor

+0.52%

Full FQAL fund page

VS

ETF 2

PBUS

Invesco PureBeta MSCI USA ETF

This fund is part of

US Large Cap

+0.9%

Full PBUS fund page

Fidelity Quality Factor ETF (FQAL) belongs to the US Multi-Factor segment. Invesco PureBeta MSCI USA ETF (PBUS) is part of the US Large Cap segment. FQAL's top 3 sector exposures are Information Technology, Consumer Discretionary and Financials. In contrast, PBUS's top sector exposures are Information Technology, Communication Services and Financials. FQAL is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.04% for PBUS. FQAL is up 3.57% year-to-date (YTD) with +$164M in YTD flows. PBUS performs better with 4.86% YTD performance, and -$296M in YTD flows. Run a side-by-side ETF comparison of FQAL and PBUS 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 PBUS performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FQAL PBUS	+7.36%+9.41%	+1.94%+3.27%	+3.57%+4.86%	+26.03%+31.94%	+69.91%+80.95%	+74.31%+79.59%
Flows	FQAL PBUS	+$127M+$143M	+$164M-$307M	+$164M-$296M	+$127M+$2.91B	+$679M+$5.26B	+$765M+$5.87B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FQAL PBUS	+14.29%+15.40%	+11.66%+12.59%	+14.08%+15.13%	+16.30%+17.16%
Max drawdown	FQAL PBUS	-8.44%-9.06%	-8.44%-9.06%	-16.70%-19.13%	-25.39%-25.42%
Max drawdown duration	FQAL PBUS	50d77d	50d77d	126d126d	750d715d

Trading data

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	FQAL	PBUS
Last sale 4/27/2026 at 1:30 PM	$77.98	$71.63
Previous close 04/24/2026	$78.04	$71.52
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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	FQAL	PBUS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	FQAL	PBUS
Last price	$77.98	$71.63
1D performance	-0.08%	+0.15%
AuM	$1.36 B	$10.76 B
E/R	0.15%	0.04%

Characteristics

	FQAL	PBUS
Management strategy	Passive	Passive
Provider	Fidelity	Invesco
Benchmark	Fidelity U.S. Quality Factor Index	MSCI USA Index
N° of holdings	119	503
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	September 12, 2016	September 22, 2017
ESG	No	No

More FQAL data on Trackinsight

More PBUS data on Trackinsight

Exposure

Countries

FQAL

USA

98.02%

Other

1.98%

PBUS

USA

96.7%

Other

3.3%

Sectors

FQAL

Information Techn.

33.75%

Consumer Discreti.

10.06%

Financials

9.97%

Health Care

9.7%

Communication Ser.

9.5%

Industrials

9.22%

Other

17.8%

PBUS

Information Techn.

33.83%

Communication Ser.

10.09%

Financials

10.01%

Consumer Discreti.

9.94%

Health Care

9.46%

Industrials

8.46%

Other

18.22%

Diversification

FQAL

Total weight of top 15 holdings out of 15

41.93%

PBUS

Total weight of top 15 holdings out of 15

40.8%

Top 15 holdings

Data as of March 31, 2026

FQAL

NVIDIA

7.44%

APPLE

6.74%

MICROSOFT-T

4.99%

ALPHABET INC-CL

4.97%

BROADCOM LIMITED

3.01%

META PLATFORMS

2.08%

JPMORGAN CHASE

1.84%

LILLY

1.57%

JOHNSON&JOHNSON

1.50%

EXXON

1.43%

VISA INCORPORATION

1.38%

HOME DEPOT

1.29%

MCDONALD'S

1.25%

PALANTIR TECHNOLOGIES

1.22%

MASTERCARD

1.21%

PBUS

NVIDIA

7.36%

APPLE

6.61%

MICROSOFT-T

4.55%

AMAZON.COM INC

3.47%

ALPHABET INC-CL

2.88%

BROADCOM LIMITED

2.45%

ALPHABET INC-CL

2.41%

META PLATFORMS

2.07%

TESLA

1.85%

JPMORGAN CHASE

1.39%

EXXON

1.30%

LILLY

1.28%

BERKSHIRE HATHWAY

1.16%

JOHNSON&JOHNSON

1.05%

WALMART INC

0.97%

Frequently asked questions about FQAL and PBUS

How have the FQAL and PBUS ETFs performed in 2026?

As of April 24, 2026, FQAL is up 3.57% year-to-date (YTD), while PBUS has returned 4.86%. That puts PBUS better performer ahead so far this year.

Which ETF is attracting more investor money: FQAL or PBUS?

Year-to-date, the FQAL ETF saw +$164M in flows, compared to -$296M for PBUS.

Which ETF is more volatile: FQAL or PBUS?

Over the past year, FQAL had a volatility of 11.66%, while PBUS experienced 12.59%.

Which ETF is bigger: FQAL or PBUS?

As of April 24, 2026, FQAL holds $1.36 B in assets under management (AUM), while PBUS manages $10.76 B.

What sectors do the FQAL and PBUS ETFs invest in?

FQAL leans toward sectors like Information Technology, Consumer Discretionary and Financials. Meanwhile, PBUS focuses on Information Technology, Communication Services and Financials.

What are the top holdings of the FQAL ETF and PBUS ETF?

FQAL top holdings include NVIDIA, APPLE and MICROSOFT-T. PBUS holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: FQAL or PBUS?

FQAL holds 123 securities with 41.93% of its assets in the top 15. PBUS has 538 securities and a top 15 weight of 40.8%.

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June 15, 2022

FQAL

FQALvsPBUSETF Comparison

Fidelity Quality Factor ETF

Invesco PureBeta MSCI USA ETF

FQAL vs PBUS performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FQAL and PBUS ETFs performed in 2026?

As of April 24, 2026, FQAL is up 3.57% year-to-date (YTD), while PBUS has returned 4.86%. That puts PBUS better performer ahead so far this year.

Which ETF is attracting more investor money: FQAL or PBUS?

Year-to-date, the FQAL ETF saw +$164M in flows, compared to -$296M for PBUS.

Which ETF is more volatile: FQAL or PBUS?

Over the past year, FQAL had a volatility of 11.66%, while PBUS experienced 12.59%.

Which ETF is bigger: FQAL or PBUS?

As of April 24, 2026, FQAL holds $1.36 B in assets under management (AUM), while PBUS manages $10.76 B.

What sectors do the FQAL and PBUS ETFs invest in?

FQAL leans toward sectors like Information Technology, Consumer Discretionary and Financials. Meanwhile, PBUS focuses on Information Technology, Communication Services and Financials.

What are the top holdings of the FQAL ETF and PBUS ETF?

FQAL top holdings include NVIDIA, APPLE and MICROSOFT-T. PBUS holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: FQAL or PBUS?

FQAL holds 123 securities with 41.93% of its assets in the top 15. PBUS has 538 securities and a top 15 weight of 40.8%.

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