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QUALvsFQALETF Comparison

ETF 1
QUAL

iShares MSCI USA Quality Factor ETF

This fund is part of
US Multi-Factor
-0.15%
Full QUAL fund page
VS
ETF 2
FQAL

Fidelity Quality Factor ETF

This fund is part of
US Multi-Factor
-0.15%
Full FQAL fund page

iShares MSCI USA Quality Factor ETF (QUAL) and Fidelity Quality Factor ETF (FQAL) belong to the same industry segment: US Multi-Factor. QUAL's top 3 sector exposures are Information Technology, Consumer Discretionary and Communication Services. In contrast, FQAL's top sector exposures are Information Technology, Consumer Discretionary and Financials. Both QUAL and FQAL have the same Total Expense Ratio (TER) of 0.15%. QUAL is up 0.48% year-to-date (YTD) with +$862M in YTD flows. FQAL performs worse with -0.28% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of QUAL 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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QUAL vs FQAL performance and flow charts

Performance

-2.5-2.0-1.5-1.0-0.50.00.51.0%Feb 11Feb 19Feb 26Mar 5

Cumulative Flows

0 M50 M100 M150 MFeb 11Feb 19Feb 26Mar 5

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Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
QUAL
FQAL
-2.07%-2.40%
-0.38%-0.98%
+0.48%-0.28%
+18.01%+19.55%
+77.61%+75.31%
+75.94%+79.81%
Flows
QUAL
FQAL
+$83M+$108K
+$1.00B+$12M
+$862M+$8M
-$7.52B-$51M
+$10.36B+$527M
+$9.63B+$616M
Volatility and drawdown
3M1Y3Y5Y
Volatility
QUAL
FQAL
+12.29%+11.27%
+17.63%+16.74%
+14.67%+13.95%
+17.37%+16.21%
Max drawdown
QUAL
FQAL
-3.23%-2.75%
-12.84%-12.41%
-18.03%-16.70%
-28.24%-25.39%
Max drawdown duration
QUAL
FQAL
14d14d
45d45d
230d126d
709d750d
Trading data

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QUAL
FQAL
Last sale
3/12/2026 at 7:35 PM
$196.90
$74.53
Previous close
03/11/2026
$199.52
$75.39
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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QUAL
FQAL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/12/2026 at 7:35 PM
Live
Closed
QUAL
FQAL
Last price
$196.90
$74.53
1D performance
-1.31%
-1.14%
AuM$49.09 B$1.15 B
E/R0.15%0.15%
Characteristics
QUAL
FQAL
Management strategyPassivePassive
ProvideriSharesFidelity
BenchmarkMSCI USA Sector Neutral Quality IndexFidelity U.S. Quality Factor Index
N° of holdings121119
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateJuly 16, 2013September 12, 2016
ESGNoNo
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Exposure

Countries

QUAL
USA
94.92%
Other
5.08%
FQAL
USA
98.26%
Other
1.74%

Sectors

QUAL
Information Techn.
37.58%
Consumer Discreti.
10.5%
Communication Ser.
10.43%
Health Care
9.36%
Industrials
7.66%
Other
24.48%
FQAL
Information Techn.
34.33%
Consumer Discreti.
10.21%
Financials
10%
Health Care
9.98%
Communication Ser.
9.57%
Industrials
8.35%
Other
17.55%
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Diversification

QUAL

Total weight of top 15 holdings out of 15

50.14%
FQAL

Total weight of top 15 holdings out of 15

45.59%

Top 15 holdings

Data as of January 31, 2026
QUAL
NVIDIA
6.34%
APPLE
6.03%
MICROSOFT-T
5.41%
META PLATFORMS
4.26%
LILLY
3.23%
US5128073062
3.13%
VISA INCORPORATION
3.13%
TJX
3.03%
KLA CORPORATION
2.71%
MASTERCARD
2.51%
ALPHABET INC-CL
2.25%
BERKSHIRE HATHWAY
2.15%
APPLIED MATERIAL
2.14%
JOHNSON&JOHNSON
1.92%
CATERPILLAR
1.90%
FQAL
NVIDIA
7.92%
APPLE
6.70%
MICROSOFT-T
6.14%
ALPHABET INC-CL
5.22%
BROADCOM LIMITED
3.13%
META PLATFORMS
2.51%
US5128073062
1.98%
LILLY
1.93%
JPMORGAN CHASE
1.90%
JOHNSON&JOHNSON
1.56%
APPLIED MATERIAL
1.52%
VISA INCORPORATION
1.40%
HOME DEPOT
1.30%
ABBVIE
1.18%
MASTERCARD
1.18%
Frequently asked questions about QUAL and FQAL

How have the QUAL and FQAL ETFs performed in 2026?

As of March 11, 2026, QUAL is up 0.48% year-to-date (YTD), while FQAL has lost -0.28%. That puts QUAL better performer ahead so far this year.

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

Year-to-date, the QUAL ETF saw +$862M in flows, compared to +$8M for FQAL.

Which ETF is more volatile: QUAL or FQAL?

Over the past year, QUAL had a volatility of 17.63%, while FQAL experienced 16.74%.

Which ETF is bigger: QUAL or FQAL?

As of March 11, 2026, QUAL holds $49.09 B in assets under management (AUM), while FQAL manages $1.15 B.

What sectors do the QUAL and FQAL ETFs invest in?

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

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

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

Which ETF is more diversified: QUAL or FQAL?

QUAL holds 126 securities with 50.14% of its assets in the top 15. FQAL has 124 securities and a top 15 weight of 45.59%.

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