EMOT vs FQAL: Grades, Fees and Holdings Compared

First Trust S&P 500 Economic Moat ETF

EMOTDNYSE Arca

Fidelity Quality Factor ETF

FQALANYSE Arca

Overlap

31.2%by weight

Expense ratio

FQAL −0.45pt a year

EMOT0.60%FQAL0.15%

Avg volume · 30D

FQAL 82.8×the volume

EMOT708FQAL58.6K

EMOT vs FQAL Performance

Oct 31, 2025 – Oct 30, 2026

+12.9%EMOT+12.2%FQAL

Expense ratio: EMOT 0.60%; FQAL 0.15%, better
Fund size: EMOT $3M; FQAL $1.41B
1Y total return: EMOT +12.9%, better; FQAL +12.2%
Yield (12M): EMOT 1.04%; FQAL 1.16%, better
Holdings: EMOT 51; FQAL 138
Avg volume (30D): EMOT 708 sh; FQAL 58.6K sh, better
NAV per share: EMOT $26.68; FQAL $83.39
52W range

ETF.net Grade

Pillar letters and Scores for EMOT, FQAL, with each pillar’s weight
Pillar	EMOT	FQAL
Cost30% weight	F2	A84Higher
Mission25% weight	C40	A89Higher
Risk15% weight	C53	A70Higher
Tradability15% weight	F12	C54Higher
Holdings10% weight	B68Higher	C52
Durability5% weight	D26	A76Higher

Rank among US Quality Index funds

How we build Categories ›

Same Category. EMOT and FQAL are both graded against the same 26 US Quality Index funds, so their Grades compare head to head.

US Quality Index⁠

Category · 26 funds

See all 26 ›

FQAL ranks 3rd and EMOT 24th of 26 funds in the US Quality Index Category.

Rank 1AJQUAJPMorgan U.S. Quality Factor ETFScore 81
Rank 1AQUALiShares MSCI USA Quality Factor ETFScore 81
Rank 3AFQALFidelity Quality Factor ETFScore 75
Rank 4ASPHQInvesco S&P 500 Quality ETFScore 74
Rank 23DABOTAbacus FCF Innovation Leaders ETFScore 31
Rank 24DEMOTFirst Trust S&P 500 Economic Moat ETFScore 28
Rank 25FOWNCorgi Inside Ownership 100 ETFScore 24

Our read on each fund

ETF.net Research

EMOTDFirst Trust S&P 500 Economic Moat ETF

FQALAFidelity Quality Factor ETF

In short

EMOT Moat investing, done S&P's way: EMOT narrows the S&P 500 to roughly 50 companies flagged for durable competitive advantage and holds them outright. A 2024 First Trust launch with a concentrated quality tilt.

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

EMOT The Fund seeks to track, before fees and expenses, the price and yield performance of the S&P 500 Economic Moat Index. It normally invests at least 80% of net assets in index securities and generally uses full replication.

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

Why people hold it

EMOT One job, stated plainly: hold the S&P 500 Economic Moat Index by full replication, with at least 80% of net assets in index securities.ftportfolios.com
The moat call comes from a published index rule set, not a manager's hunch, so the quality screen it advertises is the one you actually own.ftportfolios.com
Concentration with intent: roughly 50 stocks rather than 500, so the tilt shows up in the portfolio instead of getting diluted. Pays quarterly.

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

EMOT At 0.60% a year, the fee sits well above the typical US multifactor ETF; large-cap peers like FNDX (0.25%) and IUSG (0.04%) charge a fraction of it.
A small, thinly traded fund, which typically means wider bid-ask spreads than the household names in this category.
Live since 2024, so the track record is short and hasn't seen a full market cycle.

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 EMOT profile⁠

Full FQAL profile⁠

EMOT vs FQAL Holdings

How EMOT and FQAL differ

Overlap by weight

31.2%

Shared holdings make up 71.2% of EMOT and 46.5% of FQAL.

Level by level

Holdings35 in both31.2%
Sector11 Sectors74.4%
Asset classEquity100%
Countryby domicile99.6%

Sector

Sector weights in EMOT and FQAL, widest gap first
Sector	More in EMOTMore in FQAL	EMOT	FQAL
Consumer Discretionary	EMOT +13.4 points	21.8%	8.4%
Consumer Staples	EMOT +9.3 points	13.6%	4.3%
Industrials	FQAL +5.4 points	3.7%	9.1%
Financials	FQAL +5.3 points	6.6%	11.9%
Communication	FQAL +4.7 points	4.5%	9.2%
Health Care	EMOT +3.0 points	12.8%	9.8%
Technology	FQAL +2.7 points	35.2%	37.9%
Materials	FQAL +2.0 points	0.0%	2.0%
Utilities	FQAL +1.9 points	0.0%	1.9%
Real Estate	FQAL +1.9 points	0.0%	1.9%
Energy	FQAL +1.8 points	1.8%	3.6%

Country, concentration and asset class

Country by domicile

Country weights in EMOT and FQAL, widest gap first
Country	More in EMOTMore in FQAL	EMOT	FQAL
United States	EMOT +0.4 points	100.0%	99.6%
Switzerland	FQAL +0.4 points	0.0%	0.4%

Concentration

Weight in the 10 largest Holdings

EMOT24.8%
FQAL38.9%

Securities held

EMOT50
FQAL135

Asset class

EMOT: Equity
FQAL: Equity

Holdings

Only in EMOT15
In both35
Only in FQAL100

Only in EMOT

15 securities, 28.5% of EMOT by weight

Lockheed Martin Corporation2.36%
Cencora, Inc.2.28%
HP Inc.2.26%
Texas Instruments Incorporated2.07%
Starbucks Corporation2.04%
Walmart Inc.1.99%
Amazon.com, Inc.1.96%
Zoetis Inc.1.90%
Copart, Inc.1.86%
PepsiCo, Inc.1.85%
lululemon athletica inc.1.75%
NIKE, Inc. (Class B)1.71%
Alphabet Inc. (Class C)1.53%
Jabil Inc.1.50%
KLA Corporation1.43%

Only in FQAL

100 securities, 49.9% of FQAL by weight

Alphabet Inc Class A3.81%
Micron Technology Inc2.11%
JPMorgan Chase & Co1.78%
Palantir Technologies Inc1.43%
Johnson & Johnson1.27%
Exxonmobil Holdings Corp1.22%
Cisco Systems Inc1.16%
AbbVie Inc1.11%
Merck & Co Inc New0.89%
UnitedHealth Group Inc0.85%
Cme Group Inc Class A0.79%
Chevron Corp0.78%
Thermo Fisher Scientific Inc0.77%
Seagate Techn Holdings PLC0.75%
Amgen Inc0.74%
Gilead Sciences Inc0.72%
Travelers Companies Inc0.70%
Ge Aerospace0.70%
Moodys Corp0.70%
Msci Inc0.70%
Caterpillar Inc0.64%
Ge Vernova Inc0.61%
East West Bancorp Inc0.60%
Union Pacific Corp0.58%
Kinsale Capital Group Inc0.57%
Ameriprise Financial Inc0.57%
Cullen Frost Bankers Inc0.56%
Marriott International Inc A0.54%
Tjx Companies Inc New0.54%
Popular Inc0.53%
Zions Bancorp0.53%
Hilton Worldwide Holdings Inc0.53%
Axos Financial Inc0.52%
Hasbro Inc0.52%
Airbnb Inc Class A0.50%
Bristol-Myers Squibb Co0.50%
Cintas Corp0.48%
Altria Group Inc0.48%
Netflix Inc0.48%
Conocophillips0.45%
Ww Grainger Inc0.45%
Parker Hannifin Corp0.45%
Ross Stores Inc0.44%
Illinois Tool Works Inc0.44%
3M Co0.44%
Linde PLC0.43%
Fastenal Co0.43%
Expeditors Intl of Wash Inc0.43%
Paycom Software Inc0.43%
Trane Technologies PLC0.42%

Weight gaps

All 35 Holdings in both funds, largest gap first.

Holding weights in EMOT and FQAL, widest gap first
Holding	More in EMOTMore in FQAL	EMOT	FQAL
NVIDIA CorporationNVDA	FQAL +5.56 points	1.98%	7.54%
Apple Inc.AAPL	FQAL +5.27 points	2.30%	7.57%
Microsoft CorporationMSFT	FQAL +3.41 points	2.54%	5.95%
Mettler-Toledo International Inc.MTD	EMOT +2.42 points	2.89%	0.47%
Automatic Data Processing, Inc.ADP	EMOT +1.97 points	2.47%	0.50%
McKesson CorporationMCK	EMOT +1.90 points	2.46%	0.56%
Paychex, Inc.PAYX	EMOT +1.80 points	2.15%	0.35%
Kimberly-Clark CorporationKMB	EMOT +1.76 points	2.06%	0.30%
Colgate-Palmolive CompanyCL	EMOT +1.64 points	2.06%	0.42%
AutoZone, Inc.AZO	EMOT +1.58 points	2.02%	0.44%
Yum! Brands, Inc.YUM	EMOT +1.55 points	2.00%	0.45%
Texas Pacific Land CorporationTPL	EMOT +1.53 points	1.71%	0.18%
IDEXX Laboratories, Inc.IDXX	EMOT +1.52 points	1.92%	0.40%
Philip Morris International Inc.PM	EMOT +1.47 points	2.21%	0.74%
O'Reilly Automotive, Inc.ORLY	EMOT +1.44 points	1.89%	0.45%
The Progressive CorporationPGR	EMOT +1.41 points	2.20%	0.79%
Lowe's Companies, Inc.LOW	EMOT +1.38 points	1.88%	0.50%
The Coca-Cola CompanyKO	EMOT +1.38 points	2.18%	0.80%
Booking Holdings Inc.BKNG	EMOT +1.36 points	1.79%	0.43%
VeriSign, Inc.VRSN	EMOT +1.34 points	2.07%	0.73%
Adobe IncorporatedADBE	EMOT +1.32 points	2.08%	0.76%
The Procter & Gamble CompanyPG	EMOT +1.30 points	2.10%	0.80%
Tapestry, Inc.TPR	EMOT +1.29 points	1.60%	0.31%
The Home Depot, Inc.HD	EMOT +1.23 points	2.00%	0.77%
Fortinet, Inc.FTNT	EMOT +1.20 points	1.90%	0.70%
Mastercard IncorporatedMA	EMOT +1.18 points	2.53%	1.35%
McDonald's CorporationMCD	EMOT +1.17 points	1.77%	0.60%
Broadcom Inc.AVGO	FQAL +1.01 points	1.70%	2.71%
Visa Inc. (Class A)V	EMOT +0.93 points	2.48%	1.55%
QUALCOMM IncorporatedQCOM	EMOT +0.65 points	1.67%	1.02%
Fair Isaac CorporationFICO	EMOT +0.64 points	1.12%	0.48%
Eli Lilly and CompanyLLY	EMOT +0.58 points	2.44%	1.86%
Applied Materials, Inc.AMAT	EMOT +0.56 points	1.52%	0.96%
Lam Research CorporationLRCX	EMOT +0.49 points	1.44%	0.95%
Meta Platforms, Inc. (Class A)META	EMOT +0.07 points	2.10%	2.03%

All 50 EMOT holdings⁠All 130 FQAL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EMOT vs FQAL Cost

Overpaying EMOT vs FQAL

$8,680

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

EMOT 0.60%
$11,817
FQAL 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

EMOT 0.60%
FQAL 0.15%
Overpaying

Year by year

Year	EMOT	FQAL	Overpaying
10	$1,076	$274	$802
20	$4,116	$1,071	$3,045
30	$11,817	$3,137	$8,680

Expense ratio

0.60%EMOT
0.15%FQAL, cheaper

FQAL0.15%EMOT0.60%

0.12%0.60%

Middle half of US Quality Index funds
Median 0.39%

FQAL 3rd cheapest of 26 funds

EMOT 25th cheapest of 26 funds

EMOT vs FQAL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EMOT 1.04%; FQAL 1.16%, better
Payout (12M): EMOT $0.28; FQAL $0.97
Last payment: EMOT $0.04; FQAL $0.24
Ex-dividend: EMOT Sep 24, 2026; FQAL Sep 18, 2026
Paid on: EMOT Sep 30, 2026; FQAL Sep 22, 2026
Frequency: EMOT Quarterly; FQAL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EMOTQuarterly · 7 paymentsAll EMOT payments⁠

FQALQuarterly · 39 paymentsAll FQAL payments⁠

EMOT vs FQAL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EMOT 11.7%since Jul 2024FQAL 11.0%
Return per unit of riskSharpe ratio, 3 years: EMOT 0.85since Jul 2024FQAL 1.45
Worst fallMax drawdown, 5 years: EMOT −16.4%since Jun 2024FQAL −25.5%
Market sensitivityBeta, 5 years: EMOT 0.82FQAL 0.95; Market = 1

EMOT and FQAL in the news

All news⁠

Category Review
Cash-flow quality returned 42% while QUAL returned 17%
Updated Sep 22, 2026FQAL

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