Fidelity Quality Factor ETF
$83.73−0.69 (−0.81%)
- Expense ratio
- 0.15%
- Fund size
- $1.4B
- 1Y return
- +14.4%
- Yield · Last 12 months
- 1.15%
- Holdings
- 130
- Volume · 30D
- 0M sh
- NAV per share
- $84.40
- 52W range
The ETF.net FQAL Grade
Score 77 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 87Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 89Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 75Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 58Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 53Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 76Category rank
Our read on FQAL
AFidelity's own quality screen, boxed into an ETF: roughly 130 U.S. companies picked for profitability, steady cash flow and clean balance sheets, at 0.15% a year, well under the typical fee in the quality-factor group.
The fund prioritizes U.S. companies exhibiting higher profitability, stable cash flows, and strong balance sheets.
Why people hold it
- Costs 0.15% a year, roughly half the typical fee among quality-factor ETFs. That puts it in the cheapest tier of the group, alongside JQUA, VFQY and QUAL.
- The rulebook is Fidelity's own: the Fidelity U.S. Quality Factor Index, tracked tightly. One of the closer index implementations in its peer group.
- Live since 2016 and now a multi-billion-dollar fund, so this is a settled product rather than a launch still finding its footing.
- The screen is explicit about what it wants: higher profitability, stable cash flows, strong balance sheets. No vague 'quality' hand-waving.
Worth knowing
- Roughly 130 stocks, not the whole market. A narrower bench means individual names and sector tilts carry more weight than in a total-market fund.
- Trading volume is light next to the category's biggest quality funds, which can show up as wider bid-ask spreads.
- Distributions come quarterly, but the screen hunts profitability and balance-sheet strength, not yield.
FQAL Holdings
- Stocks
- 130
- 40%
- NVDA
Sectors
- Technology38.4%
- Financials12.5%
- Health Care9.6%
- Communication8.8%
- Consumer Discr.8.6%
- Industrials8.1%
- Cons. Staples4.4%
- Energy3.8%
- Real Estate2.0%
- Materials2.0%
- Utilities1.8%
Geography
- United States98.14%
- Puerto Rico0.57%
- Ireland0.45%
- Switzerland0.43%
- United Kingdom0.42%
FQAL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FQAL$11,444
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FQAL |
|---|---|
| Year to date | +12.8% |
| 1 month | +0.1% |
| 3 months | +5.4% |
| 1 year | +14.4% |
| 3 years | +20.9% |
| 5 years | +12.0% |
| 10 years | +14.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FQAL |
|---|---|---|
| 2026 YTD | +12.8% | |
| 2025 | +16.9% | |
| 2024 | +21.9% | |
| 2023 | +24.2% | |
| 2022 | −19.7% | |
| 2021 | +32.1% | |
| 2020 | +16.2% |
FQAL in the news
FQAL Dividends
- 1.15%
- $0.97
- $0.24 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.24 |
| Jun 18, 2026 | Jun 23, 2026 | $0.25 |
| Mar 20, 2026 | Mar 24, 2026 | $0.26 |
| Dec 19, 2025 | Dec 23, 2025 | $0.22 |
| Sep 19, 2025 | Sep 23, 2025 | $0.22 |
| Jun 20, 2025 | Jun 24, 2025 | $0.21 |
| Mar 21, 2025 | Mar 25, 2025 | $0.20 |
| Dec 20, 2024 | Dec 24, 2024 | $0.24 |
| Sep 20, 2024 | Sep 24, 2024 | $0.20 |
| Jun 21, 2024 | Jun 25, 2024 | $0.18 |
| Mar 15, 2024 | Mar 20, 2024 | $0.16 |
| Dec 15, 2023 | Dec 20, 2023 | $0.18 |
FQAL Risk
- 11.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.21
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FQAL Cost
0.15%
FQAL0.15%
- The middle half of US Quality Index funds
- Median 0.38%
2 of the 27 US Quality Index funds charge less.