FQAL vs. MOAT
Compare and contrast key facts about Fidelity Quality Factor ETF (FQAL) and VanEck Vectors Morningstar Wide Moat ETF (MOAT).
FQAL and MOAT 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. MOAT is a passively managed fund by VanEck that tracks the performance of the Morningstar Wide Moat Focus Index. It was launched on Apr 24, 2012. Both FQAL and MOAT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FQAL or MOAT.
Performance
FQAL vs. MOAT - Performance Comparison
Returns By Period
In the year-to-date period, FQAL achieves a 23.30% return, which is significantly higher than MOAT's 12.35% return.
FQAL
23.30%
0.33%
12.78%
29.54%
14.43%
N/A
MOAT
12.35%
-1.70%
6.66%
23.80%
13.48%
12.96%
Key characteristics
| FQAL | MOAT | |
|---|---|---|
| Sharpe Ratio | 2.49 | 2.01 |
| Sortino Ratio | 3.41 | 2.75 |
| Omega Ratio | 1.46 | 1.36 |
| Calmar Ratio | 4.10 | 3.54 |
| Martin Ratio | 16.09 | 10.39 |
| Ulcer Index | 1.82% | 2.28% |
| Daily Std Dev | 11.79% | 11.81% |
| Max Drawdown | -33.71% | -33.31% |
| Current Drawdown | -1.68% | -2.69% |
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FQAL vs. MOAT - Expense Ratio Comparison
FQAL has a 0.29% expense ratio, which is lower than MOAT's 0.48% expense ratio.
Correlation
The correlation between FQAL and MOAT 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.
Risk-Adjusted Performance
FQAL vs. MOAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Quality Factor ETF (FQAL) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). 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.
Dividends
FQAL vs. MOAT - Dividend Comparison
FQAL's dividend yield for the trailing twelve months is around 1.08%, more than MOAT's 0.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQAL Fidelity Quality Factor ETF | 1.08% | 1.35% | 1.52% | 1.17% | 1.46% | 1.55% | 1.73% | 1.53% | 0.43% | 0.00% | 0.00% | 0.00% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | 0.76% | 0.86% | 1.25% | 1.08% | 1.45% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% | 1.34% | 0.79% |
Drawdowns
FQAL vs. MOAT - Drawdown Comparison
The maximum FQAL drawdown since its inception was -33.71%, roughly equal to the maximum MOAT drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for FQAL and MOAT. For additional features, visit the drawdowns tool.
Volatility
FQAL vs. MOAT - Volatility Comparison
Fidelity Quality Factor ETF (FQAL) has a higher volatility of 3.79% compared to VanEck Vectors Morningstar Wide Moat ETF (MOAT) at 3.30%. This indicates that FQAL's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.