FQAL vs SEIQ: Grades, Fees and Holdings Compared

Fidelity Quality Factor ETF

FQALANYSE Arca

SEI QiM U.S. Large Cap Quality Active ETF

SEIQBCboe

Overlap

43.3%by weight

Expense ratio

FQAL0.15%SEIQ0.15%

Avg volume · 30D

FQAL 1.4×the volume

FQAL70.2KSEIQ51.8K

3Y return · a year

FQAL +3.8pt

FQAL+20.1%SEIQ+16.3%

FQAL vs SEIQ Performance

Nov 7, 2025 – Nov 9, 2026

+13.6%FQAL+15.2%SEIQ

Expense ratio: FQAL 0.15%; SEIQ 0.15%
Fund size: FQAL $1.55B; SEIQ $778M
1Y total return: FQAL +13.6%; SEIQ +15.2%, better
Yield (12M): FQAL 1.16%, better; SEIQ 0.95%
Holdings: FQAL 136; SEIQ 66
Avg volume (30D): FQAL 70.2K sh, better; SEIQ 51.8K sh
NAV per share: FQAL $83.16; SEIQ $42.52
52W range

ETF.net Grade

Pillar letters and Scores for FQAL, SEIQ, with each pillar’s weight
Pillar	FQAL	SEIQ
Cost30% weight	A84	A84
Mission25% weight	A89	Not scored
Risk15% weight	A71Higher	B67
Tradability15% weight	B56Higher	C50
Holdings10% weight	B57Higher	D36
Durability5% weight	A76Higher	B63

Rank among US Quality Index funds

How we build Categories ›

Same Category. FQAL and SEIQ 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 SEIQ 7th of 26 funds in the US Quality Index Category.

Rank 1AJQUAJPMorgan U.S. Quality Factor ETFScore 81
Rank 2AQUALiShares MSCI USA Quality Factor ETFScore 77
Rank 3AFQALFidelity Quality Factor ETFScore 76
Rank 4ASPHQInvesco S&P 500 Quality ETFScore 74
Rank 6BXMHQInvesco S&P MidCap Quality ETFScore 67
Rank 7BSEIQSEI QiM U.S. Large Cap Quality Active ETFScore 65
Rank 8BDUHPU.S. High Relative Profitability Portfolio ETF Class SharesScore 64

Our read on each fund

ETF.net Research

FQALAFidelity Quality Factor ETF

SEIQBSEI QiM U.S. Large Cap Quality Active ETF

In short

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.

SEIQ SEI runs quality the active way: about 50 U.S. large caps its own manager judges to be the best of the bunch, priced at 0.15%. Index-fund economics on a hand-picked portfolio, in a factor aisle dominated by rules-based giants.

Stated mandate

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

SEIQ The Fund seeks long-term capital appreciation by investing primarily in U.S. common stocks that SIMC considers to have superior quality.

Why people hold it

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.

SEIQ 0.15% is index-fund cheap for an actively picked portfolio, level with the largest passive quality funds (QUAL, FQAL) and under most of the cohort.
About 50 names, so the quality screen actually shows up in the portfolio instead of getting diluted across hundreds of stocks.
Tight mandate: U.S. common stocks SEI's manager judges to have superior quality, screened on profitability. Little room to wander into other factors.
Holds the upper half of a quality-factor group stacked with cheap giants from iShares, Vanguard, Fidelity and JPMorgan.

Worth knowing

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.

SEIQ Concentration cuts both ways: with roughly 50 holdings, one company's bad quarter lands harder than it would in a quality index spread across hundreds.
Quality here is SEI's own call, not a published index rule, so the portfolio can look quite different from the standard factor benchmarks.
Launched in 2022 and moderately traded, so it carries a shorter record and a thinner order book than the category's largest funds.

Full FQAL profile⁠

Full SEIQ profile⁠

FQAL vs SEIQ Holdings

How FQAL and SEIQ differ

Overlap by weight

43.3%

Shared holdings make up 76.9% of SEIQ and 49.6% of FQAL.

Level by level

Holdings40 in both43.3%
Sector11 Sectors82.5%
Asset classStocks100%
Countryby domicile99.6%

Sector

Sector weights in FQAL and SEIQ, widest gap first
Sector	Gap	FQAL	SEIQ
Consumer Staples	SEIQ +7.1 points	4.7%	11.8%
Consumer Discretionary	SEIQ +6.3 points	8.9%	15.2%
Communication	FQAL +4.5 points	7.9%	3.4%
Energy	FQAL +4.1 points	4.1%	0.0%
Financials	FQAL +2.7 points	12.8%	10.1%
Real Estate	FQAL +2.1 points	2.1%	0.0%
Utilities	FQAL +2.1 points	2.1%	0.0%
Materials	FQAL +2.1 points	2.1%	0.0%
Health Care	SEIQ +2.0 points	10.7%	12.7%
Technology	SEIQ +1.6 points	35.4%	37.0%
Industrials	SEIQ +0.6 points	9.2%	9.8%

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

FQAL37.8%
SEIQ41.7%

Securities held

FQAL134
SEIQ65

Asset class

FQAL: Stocks
SEIQ: Stocks

Holdings

Only in FQAL94
In both40
Only in SEIQ25

Only in FQAL

94 securities, 50.2% of FQAL by weight

Alphabet Inc Class A4.46%
Eli Lilly & Co1.96%
JPMorgan Chase & Co1.87%
Micron Technology Inc1.67%
Palantir Technologies Inc1.25%
Exxonmobil Holdings Corp1.18%
AbbVie Inc1.18%
Qualcomm Inc0.97%
Merck & Co Inc New0.94%
UnitedHealth Group Inc0.88%
Cme Group Inc Class A0.87%
Progressive Corp Ohio0.84%
Applied Materials Inc0.82%
Thermo Fisher Scientific Inc0.82%
Ge Aerospace0.80%
Amgen Inc0.78%
Chevron Corp0.78%
Gilead Sciences Inc0.77%
Travelers Companies Inc0.75%
Kinsale Capital Group Inc0.64%
Mckesson Corp0.63%
East West Bancorp Inc0.62%
Ameriprise Financial Inc0.61%
Caterpillar Inc0.61%
Union Pacific Corp0.60%
Cullen Frost Bankers Inc0.59%
Marriott International Inc A0.59%
Lowes Cos Inc0.59%
Ge Vernova Inc0.58%
Zions Bancorp0.58%
Hilton Worldwide Holdings Inc0.58%
Automatic Data Processing Inc0.57%
Axos Financial Inc0.56%
Popular Inc0.56%
Bristol-Myers Squibb Co0.54%
Hasbro Inc0.53%
Seagate Techn Holdings PLC0.53%
Netflix Inc0.52%
3M Co0.51%
Parker Hannifin Corp0.48%
Linde PLC0.47%
Chipotle Mexican Grill Inc0.47%
Ross Stores Inc0.47%
Conocophillips0.45%
Williams-Sonoma Inc0.45%
Nextera Energy0.44%
Garmin Ltd0.44%
Trane Technologies PLC0.43%
Verisk Analytics Inc0.43%
Verizon Communications Inc0.43%

Only in SEIQ

25 securities, 22.9% of SEIQ by weight

Autodesk Inc2.47%
Resmed Inc2.27%
Alphabet Inc-Cl C2.14%
Ulta Beauty Inc1.80%
Ebay Inc1.51%
Vertex Pharmaceuticals Inc1.39%
F5 Inc1.37%
Snap-On Inc1.30%
Exelixis Inc1.05%
Edwards Lifesciences Corp0.95%
Graco Inc0.88%
Donaldson Co Inc0.71%
Match Group Inc0.69%
Texas Instruments Inc0.58%
Amazon.com Inc0.58%
Nvr Inc0.58%
Smith (A.o.) Corp0.53%
Nordson Corp0.46%
Kla Corp0.33%
Manhattan Associates Inc0.32%
Dolby Laboratories Inc-Cl A0.28%
Motorola Solutions Inc0.25%
Cadence Design Sys Inc0.18%
Ametek Inc0.16%
Rollins Inc0.08%

Weight gaps

All 40 Holdings in both funds, largest gap first.

Holding weights in FQAL and SEIQ, widest gap first
Holding	Gap	FQAL	SEIQ
Johnson & JohnsonJNJ	SEIQ +2.46 points	1.36%	3.82%
Idexx Labs IncIDXX	SEIQ +2.13 points	0.50%	2.63%
Altria Group IncMO	SEIQ +2.08 points	0.51%	2.59%
Colgate-Palmolive CoCL	SEIQ +1.92 points	0.41%	2.33%
Philip Morris Intl IncPM	SEIQ +1.77 points	0.75%	2.52%
Illinois Tool Works IncITW	SEIQ +1.69 points	0.45%	2.14%
The Booking Holdings IncBKNG	SEIQ +1.69 points	0.48%	2.17%
Otis Worldwide CorpOTIS	SEIQ +1.69 points	0.43%	2.12%
Procter & Gamble CoPG	SEIQ +1.69 points	0.88%	2.57%
Visa Inc Class AV	SEIQ +1.67 points	1.71%	3.38%
Yum Brands IncYUM	SEIQ +1.66 points	0.48%	2.14%
Cisco Systems IncCSCO	SEIQ +1.60 points	1.08%	2.68%
Msci IncMSCI	SEIQ +1.55 points	0.76%	2.31%
Tjx Companies Inc NewTJX	SEIQ +1.48 points	0.54%	2.02%
Meta Platforms Inc Class AMETA	FQAL +1.46 points	2.09%	0.63%
Airbnb Inc Class AABNB	SEIQ +1.44 points	0.61%	2.05%
Verisign IncVRSN	SEIQ +1.40 points	0.77%	2.17%
Adobe IncADBE	SEIQ +1.39 points	0.78%	2.17%
Moodys CorpMCO	SEIQ +1.37 points	0.76%	2.13%
Microsoft CorpMSFT	SEIQ +1.09 points	6.42%	7.51%
NVIDIA CorpNVDA	FQAL +0.97 points	7.10%	6.13%
Home Depot IncHD	FQAL +0.88 points	0.88%	<0.01%
Mastercard Inc Class AMA	SEIQ +0.76 points	1.45%	2.21%
Dominos Pizza IncDPZ	SEIQ +0.54 points	0.38%	0.92%
Fair Isaac CorpFICO	FQAL +0.49 points	0.50%	<0.01%
Broadcom IncAVGO	FQAL +0.45 points	2.49%	2.04%
Lam Research CorpLRCX	FQAL +0.40 points	0.82%	0.42%
Autozone IncAZO	FQAL +0.33 points	0.49%	0.16%
Fortinet IncFTNT	FQAL +0.33 points	0.63%	0.30%
Paychex IncPAYX	FQAL +0.28 points	0.41%	0.13%
Cintas CorpCTAS	FQAL +0.27 points	0.51%	0.24%
Mettler-Toledo Intl IncMTD	SEIQ +0.23 points	0.50%	0.73%
Kimberly Clark CorpKMB	SEIQ +0.18 points	0.34%	0.52%
Apple IncAAPL	FQAL +0.14 points	8.00%	7.86%
O'reilly Automotive IncORLY	FQAL +0.14 points	0.49%	0.35%
Mcdonalds CorpMCD	SEIQ +0.09 points	0.68%	0.77%
Monster Beverage CorpMNST	FQAL +0.08 points	0.38%	0.30%
Fastenal CoFAST	FQAL +0.06 points	0.46%	0.40%
Coca Cola CoKO	FQAL +0.05 points	0.85%	0.81%
Ww Grainger IncGWW	SEIQ +0.01 points	0.50%	0.51%

All 130 FQAL holdings⁠All 65 SEIQ 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.

FQAL vs SEIQ Cost

Same expense ratio

$3,137

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

FQAL 0.15%
$3,137
SEIQ 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

FQAL 0.15%
SEIQ 0.15%

Year by year

Year	FQAL	SEIQ
10	$274	$274
20	$1,071	$1,071
30	$3,137	$3,137

Expense ratio

0.15%FQAL
0.15%SEIQ

FQAL0.15%SEIQ0.15%

0.12%0.60%

Middle half of US Quality Index funds
Median 0.39%

FQAL 3rd cheapest of 26 funds

SEIQ 3rd cheapest of 26 funds

FQAL vs SEIQ Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FQAL 1.16%, better; SEIQ 0.95%
Payout (12M): FQAL $0.97; SEIQ $0.41
Last payment: FQAL $0.24; SEIQ $0.11
Ex-dividend: FQAL Sep 18, 2026; SEIQ Oct 5, 2026
Paid on: FQAL Sep 22, 2026; SEIQ Oct 6, 2026
Frequency: FQAL Quarterly; SEIQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FQALQuarterly · 39 paymentsAll FQAL payments⁠

SEIQQuarterly · 18 paymentsAll SEIQ payments⁠

FQAL vs SEIQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FQAL 11.0%SEIQ 11.0%
Return per unit of riskSharpe ratio, 3 years: FQAL 1.45, betterSEIQ 1.11
Worst fallMax drawdown, 5 years: FQAL −25.5%SEIQ −14.9%since May 2022
Market sensitivityBeta, 5 years: FQAL 0.94SEIQ 0.79; Market = 1

FQAL and SEIQ in the news

All news⁠

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

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FQAL vs SEIQ

In short

Stated mandate

Why people hold it

Worth knowing

How FQAL and SEIQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FQAL

Only in SEIQ

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Cash-flow quality returned 42% while QUAL returned 17%

How FQAL and SEIQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FQAL

Only in SEIQ

Weight gaps