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FITZ vs SQS

Fitz-Gerald Must Have Portfolio ETF

FITZBNYSE Arca

Sapient Quality Select ETF

SQSCNasdaq

Overlap

35.5%by weight

Expense ratio

FITZ −0.05pt a year

FITZ0.75%SQS0.80%

Avg volume · 30D

FITZ 3.4×the volume

FITZ38.3KSQS11.3K

FITZ vs SQS Performance

Jul 31, 2026 – Nov 2, 2026

+7.7%FITZ−2.8%SQS

Jul 31, 2026 to Nov 2, 2026. FITZ +7.7%. SQS −2.8%. Use the arrow keys to read each point.0%2.5%5%10%Jul 2026Sep 2026Nov 2026
Expense ratio
FITZ 0.75%, better
SQS 0.80%
Fund size
FITZ $108M
SQS $1.35B
Holdings
FITZ 31
SQS 35
Avg volume (30D)
FITZ 38.3K sh, better
SQS 11.3K sh
NAV per share
FITZ $26.40
SQS $27.05
52W range

ETF.net Grade

FITZ: Cost 52, Risk 73, Mission not scored, Tradability 84, Holdings 61, Durability 52. SQS: Cost 29, Risk 59, Mission not scored, Tradability 58, Holdings 35, Durability 68.
Pillar letters and Scores for FITZ, SQS, with each pillar’s weight
PillarFITZSQS
Cost30% weightC52HigherD29
Mission25% weightNot scoredNot scored
Risk15% weightA73HigherB59
Tradability15% weightA84HigherB58
Holdings10% weightB61HigherD35
Durability5% weightC52B68Higher

Rank among Global Active Quality / Moat funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FITZ and SQS are both graded against the same 5 Global Active Quality / Moat funds, so their Grades compare head to head.

Global Active Quality / Moat⁠

Category · 5 funds
See all 5 ›

FITZ ranks 1st and SQS 3rd of 5 funds in the Global Active Quality / Moat Category.

  1. Rank 1BFITZFitz-Gerald Must Have Portfolio ETFScore 63
  2. Rank 2BMOTGVanEck Morningstar Global Wide Moat ETFScore 62
  3. Rank 3CSQSSapient Quality Select ETFScore 44
  4. Rank 4CBCGDBaron Global Durable Advantage ETFScore 43

Our read on each fund

ETF.net Research

FITZBFitz-Gerald Must Have Portfolio ETF

SQSCSapient Quality Select ETF

In short

FITZ Most quality funds hand you a rules-based moat screen. FITZ hands you one analyst's playbook: four decades of thematic research, actively managed around the structural forces reshaping the global economy.

SQS A boutique manager's concentrated take on global quality and growth, in an ETF wrapper. Actively picked, non-diversified, no index to hide behind, and it showed up with multi-billion-dollar size for a 2026 debut.

Stated mandate

FITZ The Fund seeks total returns through an actively managed portfolio invested primarily in equity securities selected using the proprietary Must Have Portfolio framework. The strategy uses thematic research focused on long-term structural changes and companies with durable profit potential.

SQS The Fund seeks long-term total return. It is actively managed and invests in companies that the sub-adviser believes have quality and growth characteristics across sectors and geographies.

Why people hold it

  • FITZ Built on Keith Fitz-Gerald's proprietary Must Have Portfolio framework, drawn from 40-plus years of research, run as an actively managed equity fund seeking total returns.sec.gov
  • Themes cut across sectors (digitalization, defense, supply-chain dislocation) instead of sorting by industry bucket, so the book can look nothing like a standard moat index.x.combusinesswire.com
  • At 0.75% it sits right at the median for active global-quality funds, under Fundsmith's ETFT (1.00%) and Sapient's SQS (0.80%).
  • Among the smoother-trading names in its small peer group, listed on a US exchange with a standard creation and redemption process.nasdaqtrader.com
  • SQS Genuinely active: the sub-adviser buys companies it judges to have quality and growth traits across sectors and geographies, US and overseas, rather than tracking a global index.sec.gov
  • Non-diversified by design, so high-conviction names can carry real weight instead of being diluted across thousands of tickers.etfarchitect.com
  • Rare for a 2026 launch: it is already a multi-billion-dollar fund, and it sits in the upper half of its global active-equity peer group.

Worth knowing

  • FITZ 0.75% is well above the cheapest moat option in the group, MOTG at 0.52%, and you are paying for one manager's judgment rather than an index.
  • Launched in 2026, so there is little live history behind the framework and risk measures rest on a thin record.
  • Deliberately concentrated and non-diversified, so single holdings can move the fund more than in a broad index.nasdaqtrader.comx.com
  • SQS 0.80% a year, above the 0.69% median for its peer group and many times what index-built global rivals like GSWO (0.15%) or AVGE (0.25%) charge.
  • Trades lightly for its size, so bid/ask spreads can run wider than on household-name global funds.
  • Live since March 2026, so the track record is short, and a concentrated book means single names move the ride more.etfarchitect.com

Full FITZ profile⁠

Full SQS profile⁠

FITZ vs SQS Holdings

How FITZ and SQS differ

Overlap by weight

35.5%

Shared holdings make up 54.0% of SQS and 44.5% of FITZ.

Level by level

  • Holdings13 in both35.5%
  • Countryby domicile96.3%
  • Asset classEquity100%

Sector

No Sector split for FITZ and SQS.

Country, concentration and asset class

Country by domicile

Country weights in FITZ and SQS, widest gap first
CountryMore in FITZMore in SQS
United StatesFITZ +3.7 points
TaiwanSQS +2.5 points
South KoreaSQS +1.3 points

Concentration

Weight in the 10 largest Holdings

  • FITZ46.6%
  • SQS56.0%

Securities held

  • FITZ30
  • SQS35

Asset class

FITZ
Equity
SQS
Equity

Holdings

  • Only in FITZ17
  • In both13
  • Only in SQS22

Only in FITZ

17 securities, 55.5% of FITZ by weight

  • Palantir Technologies Inc5.55%
  • Crowdstrike Holdings Inc4.93%
  • Walmart Inc4.46%

Only in SQS

22 securities, 46.0% of SQS by weight

  • Alphabet Inc6.35%
  • Vistra Corp3.96%
  • Meta Platforms Inc2.75%

Weight gaps

All 13 Holdings in both funds, largest gap first.

Holding weights in FITZ and SQS, widest gap first
HoldingMore in FITZMore in SQS
NVIDIA CorpNVDASQS +5.09 points
Amazon.com IncAMZNSQS +3.56 points
Apple IncAAPLSQS +3.45 points
First American Government Obligations Fund 12/01/2031FITZ +3.36 points
Micron Technology IncMUSQS +2.63 points
Chevron CorpCVXFITZ +2.56 points
Microsoft CorpMSFTSQS +1.83 points
Eli Lilly & CoLLYSQS +1.29 points

All FITZ holdings⁠All SQS 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.

FITZ vs SQS Cost

Overpaying SQS vs FITZ

$864

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

  • FITZ 0.75%

    $14,482

  • SQS 0.80%

    $15,346

$10,000
30 years

Cost over time

  • FITZ 0.75%
  • SQS 0.80%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SQS $15,346FITZ $14,482

Year by year

YearFITZSQSOverpaying
10$1,336$1,422$86
20$5,078$5,393$315
30$14,482$15,346$864

Expense ratio

  • 0.75%FITZ, cheaper
  • 0.80%SQS
  • Middle half of Global Active Quality / Moat funds
  • Median 0.75%

FITZ 2nd cheapest of 5 funds

SQS 4th cheapest of 5 funds

FITZ vs SQS Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
FITZ No data
SQS None
Last payment
FITZ $0.06
SQS No data
Ex-dividend
FITZ Sep 18, 2026
SQS No data
Paid on
FITZ Sep 21, 2026
SQS No data
Frequency
FITZ Irregular
SQS No data

Distribution history

Per share, 2026, same scale for both

FITZIrregular · 1 paymentAll FITZ payments⁠
One bar per payment. 1 payment in 2026 YTD. Sep 18, 2026 $0.06. Use the arrow keys to read each point.$0$0.052026YTD
SQSAll SQS payments⁠

No distribution history available.

FITZ vs SQS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
FITZ 2.29SQS 1.12

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