FQAL vs. AKREX

Last updated Jun 4, 2026

FQAL (Fidelity Quality Factor ETF) and AKREX (Akre Focus Fund Retail Class) are both Large Cap Growth Equities funds. Their correlation of 0.82 suggests significant overlap in exposure. FQAL charges 0.29%/yr vs 1.30%/yr for AKREX.

Performance

FQAL vs. AKREX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Quality Factor ETF (FQAL) and Akre Focus Fund Retail Class (AKREX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FQAL

• 1D: -0.51%
• 1M: 4.38%
• YTD: 7.87%
• 6M: 7.86%
• 1Y: 21.12%
• 3Y*: 20.04%
• 5Y*: 12.41%
• 10Y*: —

AKREX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FQAL vs. AKREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FQAL Fidelity Quality Factor ETF	7.87%	16.93%	21.92%	24.20%	-19.70%	32.13%	16.17%	28.12%	-4.39%	23.03%
AKREX Akre Focus Fund Retail Class	0.00%	1.72%	17.97%	28.39%	-22.95%	24.23%	20.37%	35.05%	5.25%	30.49%

Correlation

The correlation between FQAL and AKREX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016	0.82

Over the past year, the correlation between FQAL and AKREX has dropped to 0.31 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

FQAL vs. AKREX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FQAL

FQAL Risk / Return Rank: 55
FQAL Sharpe Ratio Rank: 55
FQAL Sortino Ratio Rank: 56
FQAL Omega Ratio Rank: 54
FQAL Calmar Ratio Rank: 50
FQAL Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FQAL vs. AKREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Quality Factor ETF (FQAL) and Akre Focus Fund Retail Class (AKREX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FQAL	AKREX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.70	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.52	—	—
Martin ratio: Return relative to average drawdown	11.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FQAL	AKREX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	—	—

Drawdowns

Drawdown Indicators

	FQAL	AKREX	Difference
Max Drawdown Largest peak-to-trough decline	-33.71%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.50%	—	—
Current Drawdown Current decline from peak	-0.51%	—	—
Average Drawdown Average peak-to-trough decline	-4.59%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	—	—

Volatility

Volatility by Period

	FQAL	AKREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.21%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.58%	—	—

FQAL vs. AKREX - Expense Ratio Comparison

FQAL has a 0.29% expense ratio, which is lower than AKREX's 1.30% expense ratio.

Dividends

FQAL vs. AKREX - Dividend Comparison

FQAL's dividend yield for the trailing twelve months is around 1.12%, less than AKREX's 4.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AKREX Akre Focus Fund Retail Class	4.80%	4.80%	5.07%	3.56%	6.73%	3.65%	0.00%	2.99%	0.55%	0.62%	0.18%
FQAL Fidelity Quality Factor ETF	1.12%	1.12%	1.20%	1.35%	1.52%	1.17%	1.46%	1.55%	1.73%	1.53%	0.43%

Frequently Asked Questions

Can I hold both FQAL and AKREX in my portfolio?

FQAL and AKREX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.