FQAL
Fidelity Quality Factor ETF
The Fidelity Quality Factor ETF tracks an index of fundamentally- selected large and mid- cap US companies that are weighted according to a tiered scheme.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.4 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Sep 12, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 7.4 % |
| APPLE INC | 6.4 % |
| ALPHABET INC. CLASS A | 5.8 % |
| MICROSOFT CORP | 4.8 % |
| BROADCOM INC. | 3.6 % |
| META PLATFORMS INC | 2.1 % |
| JPMORGAN CHASE & CO | 1.7 % |
| ELI LILLY & CO | 1.5 % |
| VISA INC. CLASS A | 1.3 % |
| JOHNSON & JOHNSON | 1.2 % |
Constituent Breakdown
| Number of holdings | 129 |
| Herfindahl-Hirschman Index | 218 |
| Wgt avg mkt cap (mns) | $1,229,505 |
| Large cap (>$10bn) | 90.9% |
| Mid cap ($2-10bn) | 2.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 93.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 91.1 % |
 |
IRELAND | 1.8 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.6% | 23.1% | 18.1% | 17.8% | 10.4% | -- | -- | 12.5% |
| Dividend Yield | 0.0% | 1.1% | 1.3% | 1.4% | 1.4% | -- | -- | 1.6% |
| Total Returns | 3.6% | 24.2% | 19.4% | 19.2% | 11.8% | -- | -- | 14.1% | Ann. Volatility | 13.9% | 11.9% | 15.1% | 14.0% | 16.2% | -- | -- | 17.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 94% |
| MSCI EAFE | 0.61 | 57% |
| MSCI Emg Mkts | 0.47 | 53% |
Liquidity Measures
| Avg. volume (000) | 35 |
| ADV traded (mns) | $3 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| 30d moving avg. (EMA) | $77.11 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 1.02/0.94 |
| Bollinger Bands (Upper/Lower) | $79.56/$76.23 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FQAL |
Expenses vs. FQAL |
ALTAR Score™ vs. FQAL |
|---|---|---|---|---|
| VSLU | Applied Finance Valuation Large Cap ETF | 56.8% | +34 bp | +0.2% |
| STOX | Horizon Core Equity ETF | 55.4% | +55 bp | -1.5% |
| SFTY | Horizon Managed Risk ETF | 55.4% | +62 bp | -1.6% |
| IWL | iShares Russell Top 200 ETF | 54.4% | 0 bp | -1.3% |
| MGC | Vanguard Mega Cap ETF | 54.0% | -8 bp | -1.3% |
| OEI | Optimized Equity Income ETF | 53.9% | +60 bp | -1.5% |
| OEF | iShares S&P 100 ETF | 53.6% | +5 bp | -1.4% |
| FLRG | Fidelity U.S. Multifactor ETF | 53.5% | 0 bp | +1.0% |
| TOV | JLens 500 Jewish Advocacy U.S. ETF | 53.2% | +3 bp | -1.2% |
| RAUS | RACWI US ETF | 53.1% | 0 bp | -1.0% |
Risk and Returns: FQAL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/17/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.7%
ALTAR SCORE™
55th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,207 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. FQAL's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places FQAL in the 55th percentile
among funds in the category.
Sell-Side Consensus
$91.88
PRICE TARGET
+15.5%
UPSIDE