FQAL vs. JQUA
Compare and contrast key facts about Fidelity Quality Factor ETF (FQAL) and JPMorgan U.S. Quality Factor ETF (JQUA).
FQAL and JQUA 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. JQUA is a passively managed fund by JPMorgan that tracks the performance of the JP Morgan US Quality Factor Index. It was launched on Nov 8, 2017. Both FQAL and JQUA 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. JQUA - Performance Comparison
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FQAL vs. JQUA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FQAL Fidelity Quality Factor ETF | -3.09% | 16.93% | 21.92% | 24.20% | -19.70% | 32.13% | 16.17% | 28.12% | -4.39% | 4.45% |
JQUA JPMorgan U.S. Quality Factor ETF | -2.29% | 11.69% | 21.21% | 25.13% | -13.45% | 28.68% | 16.56% | 28.47% | -2.98% | 5.07% |
Returns By Period
In the year-to-date period, FQAL achieves a -3.09% return, which is significantly lower than JQUA's -2.29% return.
FQAL
- 1D
- 0.54%
- 1M
- -5.02%
- YTD
- -3.09%
- 6M
- -2.03%
- 1Y
- 15.02%
- 3Y*
- 16.93%
- 5Y*
- 11.21%
- 10Y*
- —
JQUA
- 1D
- 0.39%
- 1M
- -4.17%
- YTD
- -2.29%
- 6M
- -1.53%
- 1Y
- 10.04%
- 3Y*
- 15.78%
- 5Y*
- 11.56%
- 10Y*
- —
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FQAL vs. JQUA - Expense Ratio Comparison
FQAL has a 0.29% expense ratio, which is higher than JQUA's 0.12% expense ratio.
Return for Risk
FQAL vs. JQUA — Risk / Return Rank
FQAL
JQUA
FQAL vs. JQUA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Quality Factor ETF (FQAL) and JPMorgan U.S. Quality Factor ETF (JQUA). 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 | JQUA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.60 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.39 | 0.98 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.14 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.90 | +0.43 |
Martin ratioReturn relative to average drawdown | 6.29 | 4.40 | +1.89 |
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 | JQUA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.60 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.74 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.73 | +0.03 |
Correlation
The correlation between FQAL and JQUA is 0.91, 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. JQUA - Dividend Comparison
FQAL's dividend yield for the trailing twelve months is around 1.24%, which matches JQUA's 1.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FQAL Fidelity Quality Factor ETF | 1.24% | 1.12% | 1.20% | 1.35% | 1.52% | 1.17% | 1.46% | 1.55% | 1.73% | 1.53% | 0.43% |
JQUA JPMorgan U.S. Quality Factor ETF | 1.25% | 1.19% | 1.24% | 1.21% | 1.60% | 1.32% | 1.44% | 1.67% | 2.10% | 0.40% | 0.00% |
Drawdowns
FQAL vs. JQUA - Drawdown Comparison
The maximum FQAL drawdown since its inception was -33.71%, roughly equal to the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for FQAL and JQUA.
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Drawdown Indicators
| FQAL | JQUA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -32.92% | -0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -11.55% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -25.50% | -22.47% | -3.03% |
Current DrawdownCurrent decline from peak | -5.53% | -4.57% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -4.23% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.36% | +0.06% |
Volatility
FQAL vs. JQUA - Volatility Comparison
Fidelity Quality Factor ETF (FQAL) has a higher volatility of 4.99% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 4.42%. This indicates that FQAL's price experiences larger fluctuations and is considered to be riskier than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FQAL | JQUA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 4.42% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 8.57% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.80% | 16.71% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 15.61% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 18.10% | -0.42% |