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ETFs

Fidelity Quality Factor ETF

FQAL
$--
Today’s Change
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Snapshot
*

Inception Date
Sep 12 2016
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$740,403
AUM
$317,811,550
Associated Index
Fidelity U.S. Quality Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
7.10%
MSFT
Microsoft Corporation
6.58%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.82%
TSLA
Tesla Inc
2.19%
LLY
Lilly(Eli) & Co
2.01%
UNH
Unitedhealth Group Inc
1.93%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.88%
V
Visa Inc - Ordinary Shares - Class A
1.64%
JNJ
Johnson & Johnson
1.62%
AVGO
Broadcom Inc
1.60%
Invest with FQAL

What is FQAL?

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

ETFs related toFQAL

ETFs correlated to FQAL include GSLC, IYY, SCHX

FQAL
Fidelity Covington Trust - Fidelity Quality Factor ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
DFUS
Dimensional ETF Trust - Dimensional U.S. Equity ETF
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFQAL

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FQAL using Composer

FAQ

FQAL is a US Equities ETF. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

FQAL tracks the Fidelity U.S. Quality Factor Index.

No, FQAL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FQAL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FQAL is -0.0023%. This is the percent change in the value of FQAL over the most recent 1-month period. The 3-month return on FQAL is 0.0153%. This is the percent change in the value of FQAL over the most recent 3-month period.

The standard deviation of FQAL for the past year is 0.1737%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FQAL include SPHQ, DSI, and QUAL.

ETFs correlated to FQAL include GSLC, IYY, and SCHX.

ETFs that are inversely correlated to FQAL include SDS, SH, and SPXS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.