FVAL vs. FQAL
Compare and contrast key facts about Fidelity Value Factor ETF (FVAL) and Fidelity Quality Factor ETF (FQAL).
FVAL and FQAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FVAL is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Value Factor Index. It was launched on Sep 12, 2016. 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. Both FVAL and FQAL 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
FVAL vs. FQAL - Performance Comparison
Loading graphics...
FVAL vs. FQAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVAL Fidelity Value Factor ETF | -3.56% | 19.56% | 18.05% | 23.10% | -14.40% | 30.33% | 9.08% | 30.33% | -7.87% | 22.49% |
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% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FVAL having a -3.56% return and FQAL slightly lower at -3.61%.
FVAL
- 1D
- 2.86%
- 1M
- -4.78%
- YTD
- -3.56%
- 6M
- 1.74%
- 1Y
- 18.50%
- 3Y*
- 16.89%
- 5Y*
- 10.83%
- 10Y*
- —
FQAL
- 1D
- 2.61%
- 1M
- -5.34%
- YTD
- -3.61%
- 6M
- -2.20%
- 1Y
- 14.58%
- 3Y*
- 16.72%
- 5Y*
- 11.10%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FVAL vs. FQAL - Expense Ratio Comparison
FVAL has a 0.15% expense ratio, which is lower than FQAL's 0.29% expense ratio.
Return for Risk
FVAL vs. FQAL — Risk / Return Rank
FVAL
FQAL
FVAL vs. FQAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Factor ETF (FVAL) and Fidelity Quality Factor ETF (FQAL). 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.
| FVAL | FQAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.87 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.36 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.37 | +0.24 |
Martin ratioReturn relative to average drawdown | 7.26 | 6.53 | +0.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FVAL | FQAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.87 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.69 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.76 | -0.03 |
Correlation
The correlation between FVAL and FQAL 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
FVAL vs. FQAL - Dividend Comparison
FVAL's dividend yield for the trailing twelve months is around 1.71%, more than FQAL's 1.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FVAL Fidelity Value Factor ETF | 1.71% | 1.61% | 1.60% | 1.69% | 1.79% | 1.41% | 1.61% | 1.77% | 2.06% | 1.62% | 0.45% |
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% |
Drawdowns
FVAL vs. FQAL - Drawdown Comparison
The maximum FVAL drawdown since its inception was -37.26%, which is greater than FQAL's maximum drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for FVAL and FQAL.
Loading graphics...
Drawdown Indicators
| FVAL | FQAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.26% | -33.71% | -3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -11.41% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -23.42% | -25.50% | +2.08% |
Current DrawdownCurrent decline from peak | -6.32% | -6.04% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.66% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.39% | +0.26% |
Volatility
FVAL vs. FQAL - Volatility Comparison
Fidelity Value Factor ETF (FVAL) and Fidelity Quality Factor ETF (FQAL) have volatilities of 5.12% and 4.99%, 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.
Loading graphics...
Volatility by Period
| FVAL | FQAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 4.99% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 9.02% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 16.81% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 16.21% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 17.68% | +0.53% |