FQAL vs. VOO
Compare and contrast key facts about Fidelity Quality Factor ETF (FQAL) and Vanguard S&P 500 ETF (VOO).
FQAL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FQAL and VOO 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 VOO.
Performance
FQAL vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, FQAL achieves a 22.95% return, which is significantly lower than VOO's 25.48% return.
FQAL
22.95%
-0.10%
12.12%
28.95%
14.43%
N/A
VOO
25.48%
0.99%
11.84%
31.84%
15.62%
13.15%
Key characteristics
| FQAL | VOO | |
|---|---|---|
| Sharpe Ratio | 2.53 | 2.69 |
| Sortino Ratio | 3.47 | 3.59 |
| Omega Ratio | 1.47 | 1.50 |
| Calmar Ratio | 4.18 | 3.89 |
| Martin Ratio | 16.45 | 17.64 |
| Ulcer Index | 1.82% | 1.86% |
| Daily Std Dev | 11.81% | 12.20% |
| Max Drawdown | -33.71% | -33.99% |
| Current Drawdown | -1.96% | -1.40% |
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FQAL vs. VOO - Expense Ratio Comparison
FQAL has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between FQAL and VOO is 0.97, 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Quality Factor ETF (FQAL) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FQAL's dividend yield for the trailing twelve months is around 1.08%, less than VOO's 1.25% 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% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FQAL vs. VOO - Drawdown Comparison
The maximum FQAL drawdown since its inception was -33.71%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FQAL and VOO. For additional features, visit the drawdowns tool.
Volatility
FQAL vs. VOO - Volatility Comparison
The current volatility for Fidelity Quality Factor ETF (FQAL) is 3.79%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.10%. This indicates that FQAL experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.