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HBTAvsFQALETF Comparison

ETF 1

HBTA

Horizon Expedition Plus ETF

This fund is part of

Options Strategies

-0.16%

Full HBTA fund page

VS

ETF 2

FQAL

Fidelity Quality Factor ETF

This fund is part of

US Multi-Factor

-0.38%

Full FQAL fund page

Horizon Expedition Plus ETF (HBTA) belongs to the Options Strategies segment. Fidelity Quality Factor ETF (FQAL) is part of the US Multi-Factor segment. HBTA's top 3 sector exposures are Information Technology, Communication Services and Industrials. In contrast, FQAL's top sector exposures are Information Technology, Consumer Discretionary and Financials. HBTA is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.15% for FQAL. HBTA is up 4.94% year-to-date (YTD) with +$32M in YTD flows. FQAL performs worse with 3.11% YTD performance, and +$164M in YTD flows. Run a side-by-side ETF comparison of HBTA and FQAL 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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HBTA vs FQAL 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 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HBTA FQAL	+18.16%+9.84%	+2.61%+1.03%	+4.94%+3.11%	+42.40%+24.83%	n/a+68.41%	n/a+73.81%
Flows	HBTA FQAL	+$2M+$90M	+$12M+$164M	+$32M+$164M	+$85M+$133M	-+$679M	-+$765M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HBTA FQAL	+22.02%+14.28%	+17.34%+11.67%	n/a+14.00%	n/a+16.30%
Max drawdown	HBTA FQAL	-13.16%-8.44%	-13.21%-8.44%	n/a-16.70%	n/a-25.39%
Max drawdown duration	HBTA FQAL	76d50d	92d50d	n/a126d	n/a750d

Trading data

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	HBTA	FQAL
Last sale 4/28/2026 at 1:30 PM	$30.38	$77.76
Previous close 04/28/2026	$30.62	$77.98
Consolidated volume 04/28/2026
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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HBTA

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 4/28/2026 at 1:30 PM

Live

Closed

	HBTA	FQAL
Last price	$30.38	$77.76
1D performance	-0.77%	-0.28%
AuM	$136.59 M	$1.36 B
E/R	0.85%	0.15%

Characteristics

	HBTA	FQAL
Management strategy	Active	Passive
Provider	Horizon Investments	Fidelity
Benchmark	-	Fidelity U.S. Quality Factor Index
N° of holdings	194	119
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 22, 2025	September 12, 2016
ESG	No	No

More HBTA data on Trackinsight

More FQAL data on Trackinsight

Exposure

Countries

HBTA

USA

99.25%

Other

0.75%

FQAL

USA

98.02%

Other

1.98%

Sectors

HBTA

Information Techn.

31.92%

Communication Ser.

10.62%

Industrials

10.6%

Consumer Discreti.

9.75%

Financials

7.6%

Other

29.51%

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%

Diversification

HBTA

Total weight of top 15 holdings out of 15

52.96%

FQAL

Total weight of top 15 holdings out of 15

41.93%

Top 15 holdings

Data as of March 31, 2026

HBTA

US53656G4982

8.86%

NVIDIA

7.92%

APPLE

7.23%

ALPHABET INC-CL

6.87%

BROADCOM LIMITED

3.95%

AMAZON.COM INC

2.89%

TESLA

2.78%

META PLATFORMS

2.16%

WALMART INC

2.11%

LILLY

1.77%

MICROSOFT-T

1.65%

EXXON

1.54%

JOHNSON&JOHNSON

1.12%

MICRON TECHNOLOGY

1.12%

CATERPILLAR

0.99%

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%

Frequently asked questions about HBTA and FQAL

How have the HBTA and FQAL ETFs performed in 2026?

As of April 28, 2026, HBTA is up 4.94% year-to-date (YTD), while FQAL has returned 3.11%. That puts HBTA better performer ahead so far this year.

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

Year-to-date, the HBTA ETF saw +$32M in flows, compared to +$164M for FQAL.

Which ETF is more volatile: HBTA or FQAL?

Over the past year, HBTA had a volatility of 17.34%, while FQAL experienced 11.67%.

Which ETF is bigger: HBTA or FQAL?

As of April 28, 2026, HBTA holds $136.59 M in assets under management (AUM), while FQAL manages $1.36 B.

What sectors do the HBTA and FQAL ETFs invest in?

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

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

HBTA top holdings include US53656G4982, NVIDIA and APPLE. FQAL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: HBTA or FQAL?

HBTA holds 199 securities with 52.96% of its assets in the top 15. FQAL has 123 securities and a top 15 weight of 41.93%.

Horizon Investments Introduces HBTA and BENJ ETFs

January 28, 2025

HBTA

Seek unique sources of excess return with Factor-Based ETFs

June 15, 2022

FQAL

HBTAvsFQALETF Comparison

Horizon Expedition Plus ETF

Fidelity Quality Factor ETF

HBTA vs FQAL 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 HBTA and FQAL ETFs performed in 2026?

As of April 28, 2026, HBTA is up 4.94% year-to-date (YTD), while FQAL has returned 3.11%. That puts HBTA better performer ahead so far this year.

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

Year-to-date, the HBTA ETF saw +$32M in flows, compared to +$164M for FQAL.

Which ETF is more volatile: HBTA or FQAL?

Over the past year, HBTA had a volatility of 17.34%, while FQAL experienced 11.67%.

Which ETF is bigger: HBTA or FQAL?

As of April 28, 2026, HBTA holds $136.59 M in assets under management (AUM), while FQAL manages $1.36 B.

What sectors do the HBTA and FQAL ETFs invest in?

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

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

HBTA top holdings include US53656G4982, NVIDIA and APPLE. FQAL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: HBTA or FQAL?

HBTA holds 199 securities with 52.96% of its assets in the top 15. FQAL has 123 securities and a top 15 weight of 41.93%.

Horizon Investments Introduces HBTA and BENJ ETFs

Seek unique sources of excess return with Factor-Based ETFs

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up