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Fidelity Quality Factor ETF (FQAL)

ETF · Currency in USD · Last updated Aug 10, 2022

FQAL is a passive ETF by Fidelity tracking the investment results of the Fidelity U.S. Quality Factor Index. FQAL launched on Sep 12, 2016 and has a 0.29% expense ratio.

ETF Info

ISINUS3160927907
CUSIP316092790
IssuerFidelity
Inception DateSep 12, 2016
RegionNorth America (U.S.)
CategoryLarge Cap Growth Equities
Expense Ratio0.29%
Index TrackedFidelity U.S. Quality Factor Index
ETF Home Pagescreener.fidelity.com
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Growth

Trading Data

Previous Close$48.44
Year Range$42.83 - $55.81
EMA (50)$46.65
EMA (200)$48.93
Average Volume$49.09K

FQALShare Price Chart


Chart placeholderClick Calculate to get results

FQALPerformance

The chart shows the growth of $10,000 invested in Fidelity Quality Factor ETF in Sep 2016 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $20,784 for a total return of roughly 107.84%. All prices are adjusted for splits and dividends.


-20.00%-15.00%-10.00%-5.00%0.00%MarchAprilMayJuneJulyAugust
-8.92%
-10.13%
FQAL (Fidelity Quality Factor ETF)
Benchmark (^GSPC)

FQALReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M4.95%5.72%
6M-7.08%-8.06%
YTD-13.84%-13.51%
1Y-5.72%-7.08%
5Y12.29%10.77%
10Y13.23%11.71%

FQALMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2022-6.27%-3.69%3.57%-7.94%0.46%-8.14%8.77%-0.27%
2021-1.32%2.43%4.71%5.24%0.62%3.14%3.63%2.63%-4.96%6.87%0.41%5.38%
20200.11%-6.81%-12.64%12.73%5.61%0.83%4.71%6.75%-3.91%-3.51%10.85%3.36%
20198.08%3.39%1.57%3.46%-6.29%6.26%1.72%-1.42%1.17%1.95%3.30%2.55%
20184.86%-2.82%-2.33%-0.41%3.03%0.62%3.39%3.60%0.08%-6.51%1.83%-8.83%
20172.21%4.38%-0.04%0.54%0.98%1.47%1.89%0.78%2.08%1.77%3.65%1.30%
20160.95%-1.68%3.35%1.66%

FQALSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Fidelity Quality Factor ETF Sharpe ratio is -0.27. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-0.500.000.501.001.50MarchAprilMayJuneJulyAugust
-0.27
-0.34
FQAL (Fidelity Quality Factor ETF)
Benchmark (^GSPC)

FQALDividend History

Fidelity Quality Factor ETF granted a 1.46% dividend yield in the last twelve months. The annual payout for that period amounted to $0.70 per share.


PeriodTTM202120202019201820172016
Dividend$0.70$0.66$0.63$0.58$0.52$0.49$0.11

Dividend yield

1.46%1.18%1.50%1.61%1.83%1.64%0.47%

FQALDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-20.00%-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2022FebruaryMarchAprilMayJuneJulyAugust
-14.04%
-14.05%
FQAL (Fidelity Quality Factor ETF)
Benchmark (^GSPC)

FQALWorst Drawdowns

The table below shows the maximum drawdowns of the Fidelity Quality Factor ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Fidelity Quality Factor ETF is 33.71%, recorded on Mar 23, 2020. It took 97 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-33.71%Feb 20, 202023Mar 23, 202097Aug 10, 2020120
-23.25%Dec 30, 2021118Jun 17, 2022
-18.6%Sep 24, 201864Dec 24, 201875Apr 12, 2019139
-9.49%Jan 29, 20189Feb 8, 2018115Jul 25, 2018124
-9.16%Sep 3, 202041Oct 30, 202011Nov 16, 202052
-6.57%May 6, 201920Jun 3, 201913Jun 20, 201933
-5.78%Jul 29, 20196Aug 5, 201959Oct 28, 201965
-5.75%Aug 31, 202124Oct 4, 202113Oct 21, 202137
-4.82%Feb 16, 202113Mar 4, 20217Mar 15, 202120
-4.49%Sep 23, 201630Nov 3, 201610Nov 17, 201640

FQALVolatility Chart

Current Fidelity Quality Factor ETF volatility is 13.90%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


15.00%20.00%25.00%30.00%35.00%40.00%MarchAprilMayJuneJulyAugust
13.90%
13.69%
FQAL (Fidelity Quality Factor ETF)
Benchmark (^GSPC)