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FVALvsQDEFETF Comparison

ETF 1

FVAL

Fidelity Value Factor ETF

This fund is part of

US Large Cap Value

-0.22%

Full FVAL fund page

VS

ETF 2

QDEF

FlexShares Quality Dividend Defensive Index Fund ETF

This fund is part of

US Multi-Factor

+0.13%

Full QDEF fund page

Fidelity Value Factor ETF (FVAL) belongs to the US Large Cap Value segment. FlexShares Quality Dividend Defensive Index Fund ETF (QDEF) is part of the US Multi-Factor segment. FVAL's top 3 sector exposures are Information Technology, Financials and Consumer Discretionary. In contrast, QDEF's top sector exposures are Information Technology, Health Care and Financials. FVAL is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.38% for QDEF. FVAL is up 5.96% year-to-date (YTD) with +$45M in YTD flows. QDEF performs worse with 5.52% YTD performance, and +$12M in YTD flows. Run a side-by-side ETF comparison of FVAL and QDEF 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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FVAL vs QDEF 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 05/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FVAL QDEF	+9.29%+6.26%	+2.92%+3.23%	+5.96%+5.52%	+32.51%+25.58%	+72.65%+66.78%	+75.24%+77.96%
Flows	FVAL QDEF	+$25M+$6M	+$37M+$8M	+$45M+$12M	+$48M+$33M	+$341M+$13M	+$444M-$143M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FVAL QDEF	+14.20%+11.85%	+12.16%+10.17%	+14.26%+12.14%	+16.42%+14.03%
Max drawdown	FVAL QDEF	-8.88%-6.99%	-8.88%-6.99%	-18.14%-14.47%	-23.38%-21.30%
Max drawdown duration	FVAL QDEF	72d66d	72d66d	131d191d	702d566d

Trading data

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	FVAL	QDEF
Last sale 5/1/2026 at 1:30 PM	$76.29	$85.18
Previous close 05/01/2026	$76.07	$85.21
Consolidated volume 05/01/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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	FVAL	QDEF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/1/2026 at 1:30 PM

Live

Closed

	FVAL	QDEF
Last price	$76.29	$85.18
1D performance	+0.29%	-0.04%
AuM	$1.22 B	$530.07 M
E/R	0.15%	0.38%

Characteristics

	FVAL	QDEF
Management strategy	Passive	Passive
Provider	Fidelity	FlexShares
Benchmark	Fidelity U.S. Value Factor Index	Northern Trust Quality Dividend Defensive Index
N° of holdings	120	129
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	September 12, 2016	December 14, 2012
ESG	No	No

More FVAL data on Trackinsight

More QDEF data on Trackinsight

Exposure

Countries

FVAL

USA

96.61%

Other

3.39%

QDEF

USA

94.32%

Other

5.68%

Sectors

FVAL

Information Techn.

33.87%

Financials

10.51%

Consumer Discreti.

10.1%

Health Care

10.04%

Communication Ser.

9.31%

Industrials

9.2%

Other

16.97%

QDEF

Information Techn.

30.32%

Health Care

12.53%

Financials

11.16%

Consumer Staples

7.2%

Other

38.78%

Diversification

FVAL

Total weight of top 15 holdings out of 15

45.43%

QDEF

Total weight of top 15 holdings out of 15

44.27%

Top 15 holdings

Data as of March 31, 2026

FVAL

NVIDIA

7.56%

APPLE

6.86%

ALPHABET INC-CL

5.06%

MICROSOFT-T

5.05%

AMAZON.COM INC

3.81%

BROADCOM LIMITED

3.13%

META PLATFORMS

2.20%

BERKSHIRE HATHWAY

2.05%

LILLY

1.59%

JOHNSON&JOHNSON

1.53%

EXXON

1.46%

VISA INCORPORATION

1.38%

MICRON TECHNOLOGY

1.37%

WALMART INC

1.23%

ABBVIE

1.15%

QDEF

APPLE

7.56%

NVIDIA

6.25%

BROADCOM LIMITED

4.37%

MICROSOFT-T

3.66%

JOHNSON&JOHNSON

2.91%

ABBVIE

2.90%

PROCTERGAMBLE

2.59%

ALPHABET INC-CL

2.17%

PHILLIP MORRIS

2.04%

JPMORGAN CHASE

1.95%

ALPHABET INC-CL

1.74%

CISCO-T

1.68%

KLA CORPORATION

1.54%

MERCK & CO INC

1.53%

TJX

1.38%

Frequently asked questions about FVAL and QDEF

How have the FVAL and QDEF ETFs performed in 2026?

As of May 1, 2026, FVAL is up 5.96% year-to-date (YTD), while QDEF has returned 5.52%. That puts FVAL better performer ahead so far this year.

Which ETF is attracting more investor money: FVAL or QDEF?

Year-to-date, the FVAL ETF saw +$45M in flows, compared to +$12M for QDEF.

Which ETF is more volatile: FVAL or QDEF?

Over the past year, FVAL had a volatility of 12.16%, while QDEF experienced 10.17%.

Which ETF is bigger: FVAL or QDEF?

As of May 1, 2026, FVAL holds $1.22 B in assets under management (AUM), while QDEF manages $530.07 M.

What sectors do the FVAL and QDEF ETFs invest in?

FVAL leans toward sectors like Information Technology, Financials and Consumer Discretionary. Meanwhile, QDEF focuses on Information Technology, Health Care and Financials.

What are the top holdings of the FVAL ETF and QDEF ETF?

FVAL top holdings include NVIDIA, APPLE and ALPHABET INC-CL. QDEF holds in its top three: APPLE, NVIDIA and BROADCOM LIMITED.

Which ETF is more diversified: FVAL or QDEF?

FVAL holds 123 securities with 45.43% of its assets in the top 15. QDEF has 130 securities and a top 15 weight of 44.27%.

ETF Central's Ultimate Guide to Dividend Investing, Part 4: Dividend Quality ETFs

July 16, 2024

QDEF

FVALvsQDEFETF Comparison

Fidelity Value Factor ETF

FlexShares Quality Dividend Defensive Index Fund ETF

FVAL vs QDEF 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 FVAL and QDEF ETFs performed in 2026?

As of May 1, 2026, FVAL is up 5.96% year-to-date (YTD), while QDEF has returned 5.52%. That puts FVAL better performer ahead so far this year.

Which ETF is attracting more investor money: FVAL or QDEF?

Year-to-date, the FVAL ETF saw +$45M in flows, compared to +$12M for QDEF.

Which ETF is more volatile: FVAL or QDEF?

Over the past year, FVAL had a volatility of 12.16%, while QDEF experienced 10.17%.

Which ETF is bigger: FVAL or QDEF?

As of May 1, 2026, FVAL holds $1.22 B in assets under management (AUM), while QDEF manages $530.07 M.

What sectors do the FVAL and QDEF ETFs invest in?

FVAL leans toward sectors like Information Technology, Financials and Consumer Discretionary. Meanwhile, QDEF focuses on Information Technology, Health Care and Financials.

What are the top holdings of the FVAL ETF and QDEF ETF?

FVAL top holdings include NVIDIA, APPLE and ALPHABET INC-CL. QDEF holds in its top three: APPLE, NVIDIA and BROADCOM LIMITED.

Which ETF is more diversified: FVAL or QDEF?

FVAL holds 123 securities with 45.43% of its assets in the top 15. QDEF has 130 securities and a top 15 weight of 44.27%.

ETF Central's Ultimate Guide to Dividend Investing, Part 4: Dividend Quality ETFs

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