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USNZvsFQALETF Comparison

ETF 1

USNZ

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

Full USNZ fund page

VS

ETF 2

FQAL

Fidelity Quality Factor ETF

This fund is part of

US Multi-Factor

+1.06%

Full FQAL fund page

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) belongs to the segment. Fidelity Quality Factor ETF (FQAL) is part of the US Multi-Factor segment. USNZ's top 3 sector exposures are Information Technology, Communication Services and Health Care. In contrast, FQAL's top sector exposures are Information Technology, Communication Services and Financials. USNZ is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.15% for FQAL. USNZ is up 10.74% year-to-date (YTD) with -$17M in YTD flows. FQAL performs worse with 8.41% YTD performance, and +$160M in YTD flows. Run a side-by-side ETF comparison of USNZ 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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USNZ 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 06/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	USNZ FQAL	+2.55%+2.64%	+15.17%+9.98%	+10.74%+8.41%	+27.15%+21.30%	+72.13%+68.56%	n/a+78.98%
Flows	USNZ FQAL	-$6M-$4M	-$12M+$149M	-$17M+$160M	-$6M+$159M	+$38M+$651M	-+$754M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	USNZ FQAL	+17.51%+13.58%	+13.51%+11.39%	+15.31%+13.98%	n/a+16.31%
Max drawdown	USNZ FQAL	-6.35%-4.94%	-11.08%-8.44%	-19.00%-16.70%	n/a-25.39%
Max drawdown duration	USNZ FQAL	21d21d	76d50d	126d126d	n/a750d

Trading data

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	USNZ	FQAL
Last sale 6/15/2026 at 1:30 PM	$47.76	$81.56
Previous close 06/15/2026	$46.84	$80.62
Consolidated volume 06/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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

Main metrics

Last update 6/15/2026 at 1:30 PM

Live

Closed

	USNZ	FQAL
Last price	$47.76	$81.56
1D performance	+1.96%	+1.17%
AuM	$293.84 M	$1.42 B
E/R	0.1%	0.15%

Characteristics

	USNZ	FQAL
Management strategy	Passive	Passive
Provider	Xtrackers by DWS	Fidelity
Benchmark	Solactive ISS ESG United States Net Zero Pathway Enhanced Index	Fidelity U.S. Quality Factor Index
N° of holdings	439	119
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	June 28, 2022	September 12, 2016
ESG	Yes	No

More USNZ data on Trackinsight

More FQAL data on Trackinsight

Exposure

Countries

USNZ

USA

97.36%

Other

2.64%

FQAL

USA

97.66%

Other

2.34%

Sectors

USNZ

Information Techn.

42.39%

Communication Ser.

12.55%

Health Care

11.01%

Consumer Discreti.

10.7%

Financials

8.47%

Other

14.89%

FQAL

Information Techn.

36.33%

Communication Ser.

10.24%

Financials

9.8%

Consumer Discreti.

9.67%

Industrials

9%

Health Care

8.67%

Other

16.3%

Diversification

USNZ

Total weight of top 15 holdings out of 15

50.97%

FQAL

Total weight of top 15 holdings out of 15

44.65%

Top 15 holdings

Data as of April 30, 2026

USNZ

NVIDIA

10.18%

APPLE

8.08%

MICROSOFT-T

6.44%

AMAZON.COM INC

4.33%

ALPHABET INC-CL

3.89%

BROADCOM LIMITED

3.41%

ALPHABET INC-CL

3.28%

META PLATFORMS

2.72%

TESLA

1.90%

JPMORGAN CHASE

1.41%

LILLY

1.32%

ADVANCED MICRO DEVICES

1.07%

MICRON TECHNOLOGY

1.04%

JOHNSON&JOHNSON

1.00%

VISA INCORPORATION

0.89%

FQAL

NVIDIA

8.69%

APPLE

6.55%

ALPHABET INC-CL

5.68%

MICROSOFT-T

5.31%

BROADCOM LIMITED

3.82%

META PLATFORMS

2.47%

JPMORGAN CHASE

1.85%

LILLY

1.44%

VISA INCORPORATION

1.33%

JOHNSON&JOHNSON

1.30%

APPLIED MATERIAL

1.30%

KLA CORPORATION

1.27%

US5128073062

1.23%

HOME DEPOT

1.22%

CISCO-T

1.18%

Frequently asked questions about USNZ and FQAL

How have the USNZ and FQAL ETFs performed in 2026?

As of June 15, 2026, USNZ is up 10.74% year-to-date (YTD), while FQAL has returned 8.41%. That puts USNZ better performer ahead so far this year.

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

Year-to-date, the USNZ ETF saw -$17M in flows, compared to +$160M for FQAL.

Which ETF is more volatile: USNZ or FQAL?

Over the past year, USNZ had a volatility of 13.51%, while FQAL experienced 11.39%.

Which ETF is bigger: USNZ or FQAL?

As of June 15, 2026, USNZ holds $293.84 M in assets under management (AUM), while FQAL manages $1.42 B.

What sectors do the USNZ and FQAL ETFs invest in?

USNZ leans toward sectors like Information Technology, Communication Services and Health Care. Meanwhile, FQAL focuses on Information Technology, Communication Services and Financials.

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

USNZ top holdings include NVIDIA, APPLE and MICROSOFT-T. FQAL holds in its top three: NVIDIA, APPLE and ALPHABET INC-CL.

Which ETF is more diversified: USNZ or FQAL?

USNZ holds 470 securities with 50.97% of its assets in the top 15. FQAL has 123 securities and a top 15 weight of 44.65%.

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June 15, 2022

FQAL

USNZvsFQALETF Comparison

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

Fidelity Quality Factor ETF

USNZ 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 USNZ and FQAL ETFs performed in 2026?

As of June 15, 2026, USNZ is up 10.74% year-to-date (YTD), while FQAL has returned 8.41%. That puts USNZ better performer ahead so far this year.

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

Year-to-date, the USNZ ETF saw -$17M in flows, compared to +$160M for FQAL.

Which ETF is more volatile: USNZ or FQAL?

Over the past year, USNZ had a volatility of 13.51%, while FQAL experienced 11.39%.

Which ETF is bigger: USNZ or FQAL?

As of June 15, 2026, USNZ holds $293.84 M in assets under management (AUM), while FQAL manages $1.42 B.

What sectors do the USNZ and FQAL ETFs invest in?

USNZ leans toward sectors like Information Technology, Communication Services and Health Care. Meanwhile, FQAL focuses on Information Technology, Communication Services and Financials.

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

USNZ top holdings include NVIDIA, APPLE and MICROSOFT-T. FQAL holds in its top three: NVIDIA, APPLE and ALPHABET INC-CL.

Which ETF is more diversified: USNZ or FQAL?

USNZ holds 470 securities with 50.97% of its assets in the top 15. FQAL has 123 securities and a top 15 weight of 44.65%.

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