FQAL vs. QUAL
Compare and contrast key facts about Fidelity Quality Factor ETF (FQAL) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
FQAL and QUAL 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. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013. Both FQAL and QUAL 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 QUAL.
Key characteristics
| FQAL | QUAL | |
|---|---|---|
| YTD Return | 5.59% | 8.44% |
| 1Y Return | 24.47% | 31.64% |
| 3Y Return (Ann) | 7.64% | 9.09% |
| 5Y Return (Ann) | 12.01% | 13.37% |
| Sharpe Ratio | 2.05 | 2.42 |
| Daily Std Dev | 11.36% | 12.44% |
| Max Drawdown | -33.71% | -34.06% |
| Current Drawdown | -2.92% | -3.78% |
Correlation
The correlation between FQAL and QUAL is 0.96, 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.
Performance
FQAL vs. QUAL - Performance Comparison
In the year-to-date period, FQAL achieves a 5.59% return, which is significantly lower than QUAL's 8.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FQAL vs. QUAL - Expense Ratio Comparison
FQAL has a 0.29% expense ratio, which is higher than QUAL's 0.15% expense ratio.
Risk-Adjusted Performance
FQAL vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Quality Factor ETF (FQAL) and iShares Edge MSCI USA Quality Factor ETF (QUAL). 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. QUAL - Dividend Comparison
FQAL's dividend yield for the trailing twelve months is around 1.22%, more than QUAL's 1.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQAL Fidelity Quality Factor ETF | 1.22% | 1.35% | 1.52% | 1.17% | 1.46% | 1.55% | 1.73% | 1.53% | 0.43% | 0.00% | 0.00% | 0.00% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 1.14% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% | 0.63% |
Drawdowns
FQAL vs. QUAL - Drawdown Comparison
The maximum FQAL drawdown since its inception was -33.71%, roughly equal to the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for FQAL and QUAL. For additional features, visit the drawdowns tool.
Volatility
FQAL vs. QUAL - Volatility Comparison
Fidelity Quality Factor ETF (FQAL) and iShares Edge MSCI USA Quality Factor ETF (QUAL) have volatilities of 4.04% and 4.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.