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FQALvsVSLUETF Comparison

ETF 1

FQAL

Fidelity Quality Factor ETF

This fund is part of

US Multi-Factor

-0.13%

Full FQAL fund page

VS

ETF 2

VSLU

Applied Finance Valuation Large Cap ETF

This fund is part of

Uncategorized Equities

-0.84%

Full VSLU fund page

Fidelity Quality Factor ETF (FQAL) belongs to the US Multi-Factor segment. Applied Finance Valuation Large Cap ETF (VSLU) is part of the Uncategorized Equities segment. FQAL's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, VSLU's top sector exposures are Technology, Healthcare and Finance. FQAL is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.49% for VSLU. FQAL is up 8.63% year-to-date (YTD) with +$144M in YTD flows. VSLU performs worse with 7.13% YTD performance, and +$120M in YTD flows. Run a side-by-side ETF comparison of FQAL and VSLU 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 VSLU 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 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FQAL VSLU	+2.35%+3.14%	+4.89%+3.75%	+8.63%+7.13%	+16.18%+16.87%	+63.27%+69.92%	+70.06%+80.33%
Flows	FQAL VSLU	-$12M-$12M	-$20M+$31M	+$144M+$120M	+$167M+$217M	+$634M+$386M	+$712M+$416M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FQAL VSLU	+10.46%+11.25%	+11.47%+12.12%	+13.98%+14.74%	+16.28%+16.82%
Max drawdown	FQAL VSLU	-3.20%-4.73%	-8.44%-9.00%	-16.70%-18.17%	-25.39%-23.81%
Max drawdown duration	FQAL VSLU	8d37d	50d71d	126d110d	750d701d

Trading data

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	FQAL	VSLU
Last sale 7/24/2026 at 1:30 PM	$81.54	$46.91
Previous close 07/23/2026	$81.20	$46.55
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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VSLU

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 7/24/2026 at 1:30 PM

Live

Closed

	FQAL	VSLU
Last price	$81.54	$46.91
1D performance	+0.42%	+0.77%
AuM	$1.40 B	$542.27 M
E/R	0.15%	0.49%

Characteristics

	FQAL	VSLU
Management strategy	Passive	Active
Provider	Fidelity	Applied Finance
Benchmark	Fidelity U.S. Quality Factor Index	-
N° of holdings	123	454
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	September 12, 2016	April 29, 2021
ESG	No	No

More FQAL data on Trackinsight

More VSLU data on Trackinsight

Exposure

Countries

FQAL

USA

98.93%

Other

1.07%

VSLU

USA

96.64%

Other

3.36%

Sectors

FQAL

Technology

43.14%

Finance

13.02%

Healthcare

9.33%

Industrials

7.98%

Other

26.52%

VSLU

Technology

48.02%

Healthcare

12.44%

Finance

9.29%

Industrials

7.01%

Other

23.25%

Diversification

FQAL

Total weight of top 15 holdings out of 15

44.65%

VSLU

Total weight of top 15 holdings out of 15

55.56%

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%

VSLU

NVIDIA Corp.

10.18%

Apple, Inc.

9.34%

Alphabet, Inc.

7.47%

Microsoft Corp.

6.14%

Meta Platforms, Inc.

3.86%

Eli Lilly & Co.

3.69%

Visa, Inc.

2.98%

Broadcom Inc.

2.86%

Mastercard, Inc.

2.15%

Booking Holdings, Inc.

1.27%

Merck & Co., Inc.

1.27%

Johnson & Johnson

1.26%

AbbVie, Inc.

1.22%

Philip Morris International, Inc.

0.96%

The Home Depot, Inc.

0.91%

Frequently asked questions about FQAL and VSLU

FQALvsVSLUETF Comparison

Fidelity Quality Factor ETF

Applied Finance Valuation Large Cap ETF

FQAL vs VSLU performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the FQAL and VSLU ETFs performed in 2026?

As of July 24, 2026, FQAL is up 8.63% year-to-date (YTD), while VSLU has returned 7.13%. That puts FQAL better performer ahead so far this year.

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

Year-to-date, the FQAL ETF saw +$144M in flows, compared to +$120M for VSLU.

Which ETF is more volatile: FQAL or VSLU?

Over the past year, FQAL had a volatility of 11.47%, while VSLU experienced 12.12%.

Which ETF is bigger: FQAL or VSLU?

As of July 24, 2026, FQAL holds $1.40 B in assets under management (AUM), while VSLU manages $542.27 M.

What sectors do the FQAL and VSLU ETFs invest in?

FQAL leans toward sectors like Technology, Finance and Healthcare. Meanwhile, VSLU focuses on Technology, Healthcare and Finance.

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

FQAL top holdings include NVIDIA Corp., Apple, Inc. and Alphabet, Inc.. VSLU holds in its top three: NVIDIA Corp., Apple, Inc. and Alphabet, Inc..

Which ETF is more diversified: FQAL or VSLU?

FQAL holds 123 securities with 44.65% of its assets in the top 15. VSLU has 457 securities and a top 15 weight of 55.56%.

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