FQAL vs. FTEC
Compare and contrast key facts about Fidelity Quality Factor ETF (FQAL) and Fidelity MSCI Information Technology Index ETF (FTEC).
FQAL and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FQAL is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Quality Factor Index. It was launched on Sep 12, 2016. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology 25/50 Index. It was launched on Oct 21, 2013. Both FQAL and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FQAL vs. FTEC - Performance Comparison
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FQAL vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FQAL Fidelity Quality Factor ETF | -3.61% | 16.93% | 21.92% | 24.20% | -19.70% | 32.13% | 16.17% | 28.12% | -4.39% | 23.03% |
FTEC Fidelity MSCI Information Technology Index ETF | -7.30% | 22.11% | 29.40% | 53.30% | -29.59% | 30.49% | 45.83% | 48.93% | -0.39% | 36.83% |
Returns By Period
In the year-to-date period, FQAL achieves a -3.61% return, which is significantly higher than FTEC's -7.30% return.
FQAL
- 1D
- 2.61%
- 1M
- -5.34%
- YTD
- -3.61%
- 6M
- -2.20%
- 1Y
- 14.58%
- 3Y*
- 16.72%
- 5Y*
- 11.10%
- 10Y*
- —
FTEC
- 1D
- 4.32%
- 1M
- -3.83%
- YTD
- -7.30%
- 6M
- -6.15%
- 1Y
- 29.59%
- 3Y*
- 22.94%
- 5Y*
- 14.76%
- 10Y*
- 21.13%
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FQAL vs. FTEC - Expense Ratio Comparison
FQAL has a 0.29% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Return for Risk
FQAL vs. FTEC — Risk / Return Rank
FQAL
FTEC
FQAL vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Quality Factor ETF (FQAL) and Fidelity MSCI Information Technology Index ETF (FTEC). 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 | FTEC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.08 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.66 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.81 | -0.44 |
Martin ratioReturn relative to average drawdown | 6.53 | 5.63 | +0.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FQAL | FTEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.08 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.59 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.85 | -0.09 |
Correlation
The correlation between FQAL and FTEC is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FQAL vs. FTEC - Dividend Comparison
FQAL's dividend yield for the trailing twelve months is around 1.25%, more than FTEC's 0.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQAL Fidelity Quality Factor ETF | 1.25% | 1.12% | 1.20% | 1.35% | 1.52% | 1.17% | 1.46% | 1.55% | 1.73% | 1.53% | 0.43% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.46% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
Drawdowns
FQAL vs. FTEC - Drawdown Comparison
The maximum FQAL drawdown since its inception was -33.71%, roughly equal to the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FQAL and FTEC.
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Drawdown Indicators
| FQAL | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -34.95% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -16.26% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -25.50% | -34.95% | +9.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.95% | — |
Current DrawdownCurrent decline from peak | -6.04% | -12.65% | +6.61% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -5.61% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 5.22% | -2.83% |
Volatility
FQAL vs. FTEC - Volatility Comparison
The current volatility for Fidelity Quality Factor ETF (FQAL) is 4.99%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 7.97%. This indicates that FQAL experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FQAL | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 7.97% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 16.35% | -7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 27.51% | -10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 25.12% | -8.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 24.57% | -6.89% |