QDEFvsFVALETF Comparison
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Northern Trust Quality Dividend Defensive ETF (QDEF) belongs to the US Multi-Factor segment. Fidelity Value Factor ETF (FVAL) is part of the US Large Cap Value segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. QDEF is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.15% for FVAL. QDEF is up 12.53% year-to-date (YTD) with +$2M in YTD flows. FVAL performs better with 14.67% YTD performance, and +$104M in YTD flows. Run a side-by-side ETF comparison of QDEF and FVAL 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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QDEF vs FVAL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QDEF FVAL | -0.51%-0.49% | +4.98%+6.09% | +12.53%+14.67% | +16.25%+21.92% | +70.53%+74.30% | +82.75%+82.86% |
| Flows | QDEF FVAL | -$4M+$20M | -$11M+$52M | +$2M+$104M | +$10M+$107M | +$16M+$361M | -$97M+$485M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QDEF FVAL | +8.24%+10.11% | +9.91%+12.12% | +12.04%+14.31% | +13.97%+16.43% |
| Max drawdown | QDEF FVAL | -2.46%-2.71% | -6.99%-8.88% | -14.47%-18.14% | -21.30%-23.38% |
| Max drawdown duration | QDEF FVAL | 14d14d | 66d72d | 191d131d | 566d702d |
Trading data
QDEF | FVAL | |
Last sale 9/18/2026 at 1:30 PM | $89.93 | $81.82 |
| Previous close 09/17/2026 | $90.46 | $82.24 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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QDEF | FVAL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
QDEF | FVAL | |
|---|---|---|
| Last price | $89.93 | $81.82 |
| 1D performance | -0.58% | -0.51% |
| AuM | $551.76 M | $1.37 B |
| E/R | 0.4% | 0.15% |
Characteristics
QDEF | FVAL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Northern Trust | Fidelity |
| Benchmark | Northern Trust Quality Dividend Defensive Index | Fidelity U.S. Value Factor Index |
| N° of holdings | 133 | 124 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 14, 2012 | September 12, 2016 |
| ESG | No | No |
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Exposure
Countries
QDEF
USA
96.57%
Other
3.43%
FVAL
USA
97.99%
Other
2.01%
Sectors
QDEF
Technology
39.07%
Finance
16.13%
Healthcare
10.34%
Consumer Non-Cycl.
9.59%
Other
24.86%
FVAL
Technology
39.97%
Finance
15.9%
Healthcare
10.76%
Industrials
8.83%
Consumer Non-Cycl.
8.76%
Other
15.78%
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Diversification
QDEF
Total weight of top 15 holdings out of 15
46.38%
FVAL
Total weight of top 15 holdings out of 15
47.86%
Top 15 holdings
Data as of July 31, 2026
QDEF
Apple, Inc.
8.26%
NVIDIA Corp.
6.35%
Broadcom Inc.
4.64%
Microsoft Corp.
4.02%
AbbVie, Inc.
3.01%
Johnson & Johnson
2.74%
Alphabet, Inc.
2.42%
Procter & Gamble Co.
2.33%
Cisco Systems, Inc.
2.25%
JPMorgan Chase & Co.
2.09%
Philip Morris International, Inc.
2.06%
Alphabet, Inc.
1.96%
KLA Corp.
1.68%
Lam Research Corp.
1.35%
The TJX Cos., Inc.
1.21%
FVAL
Apple, Inc.
8.01%
NVIDIA Corp.
7.60%
Alphabet, Inc.
5.31%
Microsoft Corp.
4.81%
Amazon.com, Inc.
3.75%
Broadcom Inc.
3.35%
Micron Technology, Inc.
2.69%
Meta Platforms, Inc.
2.11%
Berkshire Hathaway, Inc.
1.87%
Eli Lilly & Co.
1.86%
Visa, Inc.
1.46%
Johnson & Johnson
1.42%
UnitedHealth Group, Inc.
1.23%
AbbVie, Inc.
1.20%
Bank of America Corp.
1.19%
Frequently asked questions about QDEF and FVAL
How have the QDEF and FVAL ETFs performed in 2026?
As of September 17, 2026, QDEF is up 12.53% year-to-date (YTD), while FVAL has returned 14.67%. That puts FVAL better performer ahead so far this year.
Which ETF is attracting more investor money: QDEF or FVAL?
Year-to-date, the QDEF ETF saw +$2M in flows, compared to +$104M for FVAL.
Which ETF is more volatile: QDEF or FVAL?
Over the past year, QDEF had a volatility of 9.91%, while FVAL experienced 12.12%.
Which ETF is bigger: QDEF or FVAL?
As of September 17, 2026, QDEF holds $551.76 M in assets under management (AUM), while FVAL manages $1.37 B.
What sectors do the QDEF and FVAL ETFs invest in?
QDEF leans toward sectors like Technology, Finance and Healthcare. Meanwhile, FVAL focuses on Technology, Finance and Healthcare.
What are the top holdings of the QDEF ETF and FVAL ETF?
QDEF top holdings include Apple, Inc., NVIDIA Corp. and Broadcom Inc.. FVAL holds in its top three: Apple, Inc., NVIDIA Corp. and Alphabet, Inc..
Which ETF is more diversified: QDEF or FVAL?
QDEF holds 134 securities with 46.38% of its assets in the top 15. FVAL has 124 securities and a top 15 weight of 47.86%.
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