FQAL vs SPY
Comparison between FIDELITY QUALITY FACTOR ETF (FQAL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FQAL, delivering a return of +13.2% compared to +11.9%
FQAL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FQAL
$1.40B
Winner
SPY
$784B
Expense Ratio
FQAL
0.15%
Winner
SPY
0.09%
Max Drawdown
Winner
FQAL
34.11%
SPY
56.47%
Sharpe Ratio
FQAL
1.33
Winner
SPY
1.54
5Y Beta
Winner
FQAL
0.88
SPY
1.00
P/E Ratio
Winner
FQAL
26.39
SPY
27.62
Forward P/E
FQAL
21.28
Winner
SPY
21.11
PEG Ratio
FQAL
0.62
SPY
N/A
5Y Dividends CAGR
Winner
FQAL
8.33%
SPY
6.00%
5Y EPS CAGR
Winner
FQAL
26.09%
SPY
25.30%
Debt to Equity
Winner
FQAL
-13.17%
SPY
31.11%
P/S Ratio
FQAL
5.46
Winner
SPY
3.49
P/B Ratio
FQAL
7.95
Winner
SPY
5.30
FQAL vs SPY - Holdings Comparison
FQAL and SPY have 111 common holdings. Overlap is 52.13%
FQAL's top 25 holdings weight is 58.89%. SPY's top 25 holdings weight is 51.24%.
| Rank | FQAL | SPY |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 7.89% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | APPLE INC (AAPL) - 6.77% | APPLE INC (AAPL) - 6.81% |
| #3 | FIDELITY CASH CENTRAL FUND (n/a) - 6.61% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | ALPHABET INC CLASS A (GOOGL) - 5.10% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | MICROSOFT CORP (MSFT) - 4.76% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | BROADCOM INC (AVGO) - 3.93% | BROADCOM INC (AVGO) - 2.77% |
| #7 | META PLATFORMS INC CLASS A (META) - 1.93% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | JPMORGAN CHASE & CO (JPM) - 1.57% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | ELI LILLY AND CO (LLY) - 1.55% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | CISCO SYSTEMS INC (CSCO) - 1.54% | TESLA INC (TSLA) - 1.76% |
| #11 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.50% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | LAM RESEARCH CORP (LRCX) - 1.40% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | APPLIED MATERIALS INC (AMAT) - 1.39% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | QUALCOMM INC (QCOM) - 1.24% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | VISA INC CLASS A (V) - 1.21% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | KLA CORP (KLAC) - 1.19% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | FORTINET INC (FTNT) - 1.17% | VISA INC CLASS A (V) - 0.87% |
| #18 | JOHNSON & JOHNSON (JNJ) - 1.16% | INTEL CORP (INTC) - 0.85% |
| #19 | n/a (PLTR) - 1.07% | WALMART INC (WMT) - 0.82% |
| #20 | EXXON MOBIL CORP (XOM) - 1.01% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | THE HOME DEPOT INC (HD) - 1.00% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | CATERPILLAR INC (CAT) - 0.99% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | MASTERCARD INC CLASS A (MA) - 0.99% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | MCDONALD'S CORP (MCD) - 0.97% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | ABBVIE INC (ABBV) - 0.95% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 127 | 505 |
FQAL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FQAL
-0.99%
SPY
-1.37%
3M
FQAL
+9.36%
Winner
SPY
+12.22%
6M
FQAL
+4.85%
Winner
SPY
+7.20%
1Y
FQAL
+19.02%
Winner
SPY
+23.58%
5Y(CAGR)
FQAL
+11.87%
Winner
SPY
+13.19%
10Y(CAGR)
FQAL
+14.14%
Winner
SPY
+15.12%
Max(CAGR)
Winner
FQAL
+14.14%
SPY
+8.44%
FQAL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FQAL | SPY |
|---|---|---|
| 2026 | +6.00% | +7.95% |
| 2025 | +16.98% | +18.00% |
| 2024 | +22.83% | +25.59% |
| 2023 | +25.22% | +26.72% |
| 2022 | -19.33% | -18.64% |
| 2021 | +34.30% | +30.52% |
| 2020 | +15.46% | +17.28% |
| 2019 | +27.25% | +31.09% |
| 2018 | -4.85% | -5.24% |
| 2017 | +22.28% | +20.78% |
| 2016 | +4.27% | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FQAL vs SPY Drawdown Comparison
The maximum drawdown for FQAL was -33.70%, occurring on Mar 23, 2020. Recovery took 122 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FQAL drawdown is -2.19%. The current SPY drawdown is -3.18%.
| Rank | FQAL | SPY |
|---|---|---|
| #1 | -33.70% Feb 14, 2020 - Aug 10, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -25.50% Dec 29, 2021 - Jan 19, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -18.60% Sep 21, 2018 - Apr 12, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -16.87% Feb 19, 2025 - Jun 26, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -9.49% Jan 26, 2018 - Jul 25, 2018 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -9.15% Sep 2, 2020 - Nov 16, 2020 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -8.43% Feb 25, 2026 - Apr 17, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -7.15% Jul 16, 2024 - Aug 21, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.57% May 3, 2019 - Jun 20, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -5.78% Jul 26, 2019 - Oct 28, 2019 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.74% Aug 30, 2021 - Oct 21, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.69% Mar 28, 2024 - May 15, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.82% Feb 12, 2021 - Mar 15, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.81% Dec 6, 2024 - Feb 6, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.56% Oct 28, 2025 - Dec 11, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FQAL and SPY is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (1999 - 2026)
FQAL vs SPY dividend yield comparison.
| Year | FQAL | SPY |
|---|---|---|
| 2026 | 0.65% | 0.50% |
| 2025 | 1.12% | 1.07% |
| 2024 | 1.20% | 1.21% |
| 2023 | 1.35% | 1.40% |
| 2022 | 1.52% | 1.65% |
| 2021 | 1.17% | 1.20% |
| 2020 | 1.46% | 1.52% |
| 2019 | 1.55% | 1.75% |
| 2018 | 1.73% | 2.04% |
| 2017 | 1.53% | 1.80% |
| 2016 | 0.43% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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