FVALvsQLCETF Comparison
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Fidelity Value Factor ETF (FVAL) belongs to the US Large Cap Value segment. Northern Trust US Quality Large Cap ETF (QLC) is part of the US Multi-Factor segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. FVAL is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.26% for QLC. FVAL is up 14.56% year-to-date (YTD) with +$105M in YTD flows. QLC performs worse with 13% YTD performance, and +$323M in YTD flows. Run a side-by-side ETF comparison of FVAL and QLC 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 QLC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FVAL QLC | +1.29%-0.32% | +2.75%+2.63% | +14.56%+13.00% | +18.00%+14.49% | +85.99%+102.29% | +78.04%+91.81% |
| Flows | FVAL QLC | +$50K+$25M | +$16M+$134M | +$105M+$323M | +$97M+$359M | +$303M+$715M | +$473M+$729M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FVAL QLC | +9.60%+9.96% | +11.75%+12.78% | +14.14%+14.95% | +16.36%+17.03% |
| Max drawdown | FVAL QLC | -2.95%-3.77% | -8.88%-8.90% | -18.14%-18.73% | -23.38%-23.78% |
| Max drawdown duration | FVAL QLC | 57d77d | 72d63d | 131d124d | 702d702d |
Trading data
FVAL | QLC | |
Last sale 10/30/2026 at 1:30 PM | $81.99 | $89.39 |
| Previous close 10/29/2026 | $82.80 | $90.87 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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FVAL | QLC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
FVAL | QLC | |
|---|---|---|
| Last price | $81.99 | $89.39 |
| 1D performance | -0.98% | -1.63% |
| AuM | $1.37 B | $1.15 B |
| E/R | 0.15% | 0.26% |
Characteristics
FVAL | QLC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | Northern Trust |
| Benchmark | Fidelity U.S. Value Factor Index | Northern Trust Quality Large Cap Index |
| N° of holdings | 131 | 155 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2016 | September 23, 2015 |
| ESG | No | No |
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Exposure
Countries
FVAL
USA
97.22%
Other
2.78%
QLC
USA
97.63%
Other
2.37%
Sectors
FVAL
Technology
45.75%
Finance
13.72%
Healthcare
9.92%
Industrials
8.33%
Consumer Non-Cycl.
7.65%
Other
14.63%
QLC
Technology
46.32%
Finance
14.73%
Healthcare
9.68%
Consumer Non-Cycl.
7.81%
Other
21.47%
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Diversification
FVAL
Total weight of top 15 holdings out of 15
50.12%
QLC
Total weight of top 15 holdings out of 15
44.1%
Top 15 holdings
Data as of September 30, 2026
FVAL
NVIDIA Corp.
8.36%
Apple, Inc.
7.85%
Microsoft Corp.
6.09%
Alphabet, Inc.
5.07%
Amazon.com, Inc.
3.52%
Broadcom Inc.
3.01%
Micron Technology, Inc.
2.73%
Meta Platforms, Inc.
2.52%
Berkshire Hathaway, Inc.
1.93%
Eli Lilly & Co.
1.74%
Tesla, Inc.
1.61%
Sandisk Corp.
1.56%
Visa, Inc.
1.43%
Johnson & Johnson
1.36%
QUALCOMM, Inc.
1.35%
QLC
NVIDIA Corp.
8.10%
Apple, Inc.
5.96%
Microsoft Corp.
4.08%
Alphabet, Inc.
3.95%
Alphabet, Inc.
3.49%
Broadcom Inc.
2.65%
Amazon.com, Inc.
2.43%
Micron Technology, Inc.
2.26%
JPMorgan Chase & Co.
1.86%
Johnson & Johnson
1.85%
Meta Platforms, Inc.
1.83%
Citigroup, Inc.
1.58%
The Goldman Sachs Group, Inc.
1.51%
Bank of America Corp.
1.29%
Berkshire Hathaway, Inc.
1.25%
Frequently asked questions about FVAL and QLC
How have the FVAL and QLC ETFs performed in 2026?
As of October 30, 2026, FVAL is up 14.56% year-to-date (YTD), while QLC has returned 13%. That puts FVAL better performer ahead so far this year.
Which ETF is attracting more investor money: FVAL or QLC?
Year-to-date, the FVAL ETF saw +$105M in flows, compared to +$323M for QLC.
Which ETF is more volatile: FVAL or QLC?
Over the past year, FVAL had a volatility of 11.75%, while QLC experienced 12.78%.
Which ETF is bigger: FVAL or QLC?
As of October 30, 2026, FVAL holds $1.37 B in assets under management (AUM), while QLC manages $1.15 B.
What sectors do the FVAL and QLC ETFs invest in?
FVAL leans toward sectors like Technology, Finance and Healthcare. Meanwhile, QLC focuses on Technology, Finance and Healthcare.
What are the top holdings of the FVAL ETF and QLC ETF?
FVAL top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. QLC holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: FVAL or QLC?
FVAL holds 131 securities with 50.12% of its assets in the top 15. QLC has 156 securities and a top 15 weight of 44.1%.
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