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Launched · SEC filings

Fidelity Quality Factor ETF

FQALNYSE ArcaFidelityA

$83.12−0.31 (−0.37%)

At close: Nov 2, 2026, 4:00 PM ET

A75/ 100

Rank 3 of 26 in US Quality Index

A75/100Rank 3 of 26inUS Quality Index
Intraday session: down, 79 prints from 83.43 to 83.12. Range 83.12 to 84.16. Use the arrow keys to read each point.83.6083.8084.0084.2010 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$1.41B
1Y total return
+11.8%
Yield · Last 12 months
1.16%
Holdings
136
Avg volume · 30D
58.6K sh
52W range
low $70.44high $85.56
Launched
Filings
SEC EDGAR

The ETF.net FQAL Grade

A

Score 75 out of 100

Category
US Quality Index⁠
Rank
3 of 26
Six-pillar profile for FQAL. Scores out of 100: Cost 84, Risk 71, Mission 89, Tradability 54, Holdings 52, Durability 76. Strongest: Mission (89). Weakest: Holdings (52). Leans toward Mission and Cost.

Score 75 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A84 out of 100
    Rank 3 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A89 out of 100
    Rank 4 of 19

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A71 out of 100
    Rank 5 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C54 out of 100
    Rank 10 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C52 out of 100
    Rank 15 of 26

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A76 out of 100
    Rank 5 of 26

Our read on FQAL

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Sep 12, 2016

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FQAL$11,177
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. FQAL $11,177. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for FQAL. Periods over one year show the average yearly return.
PeriodFQAL
Year to date+11.0%
1 month−0.7%
3 months+1.4%
1 year+11.8%
3 yearsper year+20.3%
5 yearsper year+10.7%
10 yearsper year+14.6%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FQAL
YearReturn barFQAL
2026 YTD+11.0%
2025+16.9%
2024+21.9%
2023+24.2%
2022−19.7%
2021+32.1%
2020+16.2%

FQAL in the news

FQAL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
1.16%Last 12 months
Payout per share
$0.97Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.08; Jun 16, 2017 $0.13; Sep 15, 2017 $0.15; Dec 15, 2017 $0.12; Mar 16, 2018 $0.13; Jun 15, 2018 $0.15; Sep 21, 2018 $0.11; Dec 21, 2018 $0.13; Mar 15, 2019 $0.14; Jun 21, 2019 $0.15; Sep 20, 2019 $0.15; Dec 20, 2019 $0.14; Mar 20, 2020 $0.17; Jun 19, 2020 $0.15; Sep 18, 2020 $0.15; Dec 18, 2020 $0.16; Mar 19, 2021 $0.17; Jun 18, 2021 $0.15; Sep 17, 2021 $0.19; Dec 17, 2021 $0.15; Mar 18, 2022 $0.18; Jun 17, 2022 $0.18; Sep 16, 2022 $0.18; Dec 16, 2022 $0.13; Mar 17, 2023 $0.20; Jun 16, 2023 $0.18; Sep 15, 2023 $0.18; Dec 15, 2023 $0.18; Mar 15, 2024 $0.16; Jun 21, 2024 $0.18; Sep 20, 2024 $0.20; Dec 20, 2024 $0.24; Mar 21, 2025 $0.20; Jun 20, 2025 $0.21; Sep 19, 2025 $0.22; Dec 19, 2025 $0.22; Mar 20, 2026 $0.26; Jun 18, 2026 $0.25; Sep 18, 2026 $0.24. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.24
Jun 18, 2026Jun 23, 2026$0.25
Mar 20, 2026Mar 24, 2026$0.26
Dec 19, 2025Dec 23, 2025$0.22
Sep 19, 2025Sep 23, 2025$0.22
Jun 20, 2025Jun 24, 2025$0.21
Mar 21, 2025Mar 25, 2025$0.20
Dec 20, 2024Dec 24, 2024$0.24
Sep 20, 2024Sep 24, 2024$0.20
Jun 21, 2024Jun 25, 2024$0.18
Mar 15, 2024Mar 20, 2024$0.16
Dec 15, 2023Dec 20, 2023$0.18

See all 40 payments⁠

$10,000 in FQAL 10 years ago paid $2,748 in dividends.⁠

FQAL Risk

Risk pillarA71 out of 100Rank 5 of 26 in US Quality Index
How much the fund’s monthly returns vary, scaled to a year.
11.0%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.45
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−25.5%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.94
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FQAL Cost

Compare FQAL and JQUA

Overpaying vs JQUA, cheapest in US Quality Index

$617

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FQAL 0.15%

    $3,137

  • JQUA 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • FQAL 0.15%
  • JQUA 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530FQAL $3,137JQUA $2,520

Year by year

YearFQALJQUAOverpaying
10$274$220$54
20$1,071$859$212
30$3,137$2,520$617

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