DUHP vs FQAL

DUHPBU.S. High Relative Profitability Portfolio ETF Class Shares

FQALAFidelity Quality Factor ETF

In short

DUHP Most factor funds pick one lane. DUHP screens US companies for high profitability, layers a value tilt on top, and charges 0.20% for the combination, well under half the going rate among its factor-fund peers.

FQAL Fidelity'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

DUHP The fund seeks long-term capital appreciation.

FQAL The fund prioritizes U.S. companies exhibiting higher profitability, stable cash flows, and strong balance sheets.

Why people hold it

• DUHP At 0.20% a year it undercuts its peer group's median fee by more than half, and it is the cheapest of the group's strongest names, including AVUV and AVSC at 0.25%.
• Two screens, one fund: high profitability plus a value tilt, both named in the prospectus rather than buried in a black box. The stated goal is long-term capital appreciation.
• Roughly 170 US stocks, quarterly payouts, and a multi-billion-dollar, actively traded book. It behaves like a settled fund, not a launch-week experiment.
• Dimensional runs this as an active mandate, and the result sits in the top quartile of its peer group on our review of cost, structure and durability.

• FQAL 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

• DUHP The profitability screen leaves out unprofitable companies by design, so the lineup can look and behave quite differently from a broad US market fund.
• Roughly 170 names is a sliver of the US market, so single stocks and sector tilts carry more weight here than in an index fund holding thousands.
• Launched in 2022, which makes for a short live record to judge.

• FQAL 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.

Full DUHP profile⁠

Full FQAL profile⁠