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FQALvsTSPAETF Comparison
Fidelity Quality Factor ETF (FQAL) belongs to the US Multi-Factor segment. T. Rowe Price U.S. Equity Research ETF (TSPA) is part of the US Large Cap segment. FQAL's top 3 sector exposures are Information Technology, Consumer Discretionary and Financials. In contrast, TSPA's top sector exposures are Information Technology, Financials and Communication Services. FQAL is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.34% for TSPA. FQAL is down -1.69% year-to-date (YTD) with +$8M in YTD flows. TSPA performs better with -0.68% YTD performance, and +$57M in YTD flows. Run a side-by-side ETF comparison of FQAL and TSPA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
FQAL vs TSPA performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FQAL TSPA | -2.24%-2.46% | -1.29%-1.38% | -1.69%-0.68% | +17.51%+22.56% | +72.83%+87.57% | +77.19%n/a |
| Flows | FQAL TSPA | +$108K+$11M | +$12M+$66M | +$8M+$57M | -$51M+$470M | +$527M+$1.76B | +$616M- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FQAL TSPA | +11.41%+11.96% | +16.80%+18.34% | +13.97%+15.12% | +16.22%n/a |
| Max drawdown | FQAL TSPA | -4.10%-3.61% | -12.41%-13.81% | -16.70%-19.15% | -25.39%n/a |
| Max drawdown duration | FQAL TSPA | 15d42d | 45d45d | 126d127d | 750dn/a |
FQAL | TSPA | |
Last sale 3/12/2026 at 1:30 PM | $74.29 | $41.79 |
| Previous close 03/12/2026 | $75.39 | $42.47 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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FQAL | TSPA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FQAL | TSPA | |
|---|---|---|
| Last price | $74.29 | $41.79 |
| 1D performance | -1.46% | -1.60% |
| AuM | $1.14 B | $2.16 B |
| E/R | 0.15% | 0.34% |
FQAL | TSPA | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Fidelity | T. Rowe Price |
| Benchmark | Fidelity U.S. Quality Factor Index | - |
| N° of holdings | 119 | 253 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2016 | June 8, 2021 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FQAL and TSPA ETFs performed in 2026?
As of March 12, 2026, FQAL is down -1.69% year-to-date (YTD), while TSPA has lost -0.68%. That puts TSPA better performer ahead so far this year.
Which ETF is attracting more investor money: FQAL or TSPA?
Year-to-date, the FQAL ETF saw +$8M in flows, compared to +$57M for TSPA.
Which ETF is more volatile: FQAL or TSPA?
Over the past year, FQAL had a volatility of 16.8%, while TSPA experienced 18.34%.
Which ETF is bigger: FQAL or TSPA?
As of March 12, 2026, FQAL holds $1.14 B in assets under management (AUM), while TSPA manages $2.16 B.
What sectors do the FQAL and TSPA ETFs invest in?
FQAL leans toward sectors like Information Technology, Consumer Discretionary and Financials. Meanwhile, TSPA focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the FQAL ETF and TSPA ETF?
FQAL top holdings include NVIDIA, APPLE and MICROSOFT-T. TSPA holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: FQAL or TSPA?
FQAL holds 124 securities with 45.59% of its assets in the top 15. TSPA has 261 securities and a top 15 weight of 44.76%.
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