GARY vs. FQAL

Last updated Aug 4, 2026

GARY (Mango Growth ETF) and FQAL (Fidelity Quality Factor ETF) are both exchange-traded funds - GARY is a Large Cap Growth Equities fund actively managed by Mango, while FQAL is a Quality Factor fund tracking the Fidelity U.S. Quality Factor Index. GARY is actively managed, while FQAL is passively managed. Their 0.77 correlation means they have sometimes moved together and sometimes differently. GARY charges 0.77%/yr vs 0.29%/yr for FQAL.

Performance

GARY vs. FQAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mango Growth ETF (GARY) and Fidelity Quality Factor ETF (FQAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GARY achieves a 28.36% return, which is significantly higher than FQAL's 10.44% return.

GARY

• 1D: 2.13%
• 1M: -2.21%
• 6M: 17.11%
• YTD: 28.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FQAL

• 1D: 0.84%
• 1M: 1.78%
• 6M: 8.19%
• YTD: 10.44%
• 1Y: 19.76%
• 3Y*: 19.00%
• 5Y*: 11.53%
• 10Y*: —
• ALL TIME*: 14.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FQAL Fidelity Quality Factor ETF	$4.01M	$3.41M	$3.27M
GARY Mango Growth ETF	$604.89K	$386.84K	$304.13K

GARY vs. FQAL - Yearly Performance Comparison

	2026 (YTD)	2025
GARY Mango Growth ETF	28.36%	0.15%
FQAL Fidelity Quality Factor ETF	10.44%	0.13%

Correlation

The correlation between GARY and FQAL is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 22, 2025	0.77

Return for Risk

GARY vs. FQAL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GARY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FQAL

FQAL Risk / Return Rank: 73
FQAL Sharpe Ratio Rank: 74
FQAL Sortino Ratio Rank: 73
FQAL Omega Ratio Rank: 72
FQAL Calmar Ratio Rank: 65
FQAL Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GARY vs. FQAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mango Growth ETF (GARY) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GARY	FQAL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.72	—
Sortino ratio: Return per unit of downside risk	—	2.44	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.35	—
Martin ratio: Return relative to average drawdown	—	10.41	—

Drawdowns

GARY vs. FQAL - Drawdown Comparison

The maximum GARY drawdown since its inception was -12.67%, smaller than the maximum FQAL drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for GARY and FQAL.

Drawdown Indicators

	GARY	FQAL	Difference
Max Drawdown Largest peak-to-trough decline	-12.67%	-33.71%	+21.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.50%	—
Current Drawdown Current decline from peak	-6.45%	0.00%	-6.45%
Average Drawdown Average peak-to-trough decline	-2.42%	-4.53%	+2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.90%	—

Volatility

Volatility by Period

	GARY	FQAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.41%	11.58%	+10.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	16.21%	+6.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.41%	17.49%	+4.92%

GARY vs. FQAL - Expense Ratio Comparison

GARY has a 0.77% expense ratio, which is higher than FQAL's 0.29% expense ratio.

Dividends

GARY vs. FQAL - Dividend Comparison

GARY's dividend yield for the trailing twelve months is around 0.04%, less than FQAL's 1.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FQAL Fidelity Quality Factor ETF	1.14%	1.12%	1.20%	1.35%	1.52%	1.17%	1.46%	1.55%	1.73%	1.53%	0.43%
GARY Mango Growth ETF	0.04%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GARY and FQAL in my portfolio?

GARY and FQAL have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GARY or FQAL?

On fees, FQAL is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GARY or FQAL?

FQAL is cheaper with a 0.29% expense ratio, compared with 0.77% for GARY.

Which ETF pays a higher dividend yield, GARY or FQAL?

FQAL has the higher dividend yield at 1.14%, compared with 0.04% for GARY.

What is the main difference between GARY and FQAL?

GARY is categorized as Large Cap Growth Equities, while FQAL is Quality Factor. They also come from different issuers: Mango and Fidelity. Their fees differ too: 0.77% for GARY and 0.29% for FQAL.