Which returned more over the last year, FDLO or QUAL?

In the year to Oct 9, 2026, with distributions reinvested, FDLO returned +12.1% and QUAL +17.1%.

Which is cheaper, FDLO or QUAL?

Neither: FDLO and QUAL both charge 0.15% a year. Fees come from each fund's prospectus.

How much do FDLO and QUAL overlap with the S&P 500?

By their latest filed holdings, 96% of FDLO and 97% of QUAL by weight is stocks the S&P 500 already holds.

Compare their flows Ask IQ about these two funds

FDLO vs QUAL: Differences, Returns & Fees

FDLO and QUAL hold 28% of their weight in the same names, and QUAL returned +17.1% over the year. Net assets: $1.4bn on Sep 30, 2026 for Fidelity Low Volatility Factor ETF, and $49.0bn on Oct 9, 2026 for iShares MSCI USA Quality Factor ETF.

Both cost 0.15% a year; their one-year returns differ by 5.0 points; QUAL is far larger, $47.7bn against $1.4bn.

FDLO vs QUAL: Differences, Returns & Fees
	FDLO	QUAL
Expense ratio	0.15%	0.15%
Net assets, as of Sep 30, 2026	$1.4bn	$47.7bn
Total return, 1 year	+12.1%	+17.1%
What it tracks	Fidelity U.S. Low Volatility Factor Index	MSCI USA Sector Neutral Quality Index ?
Holdings in common	28%
Top ten holdings, share of the fund	38.5%	45.7%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+12.1%

FDLO total return, 1 year

+17.1%

QUAL total return, 1 year

0.15%

FDLO expense ratio

0.15%

QUAL expense ratio

What they hold in common

By the books each fund has filed, FDLO and QUAL hold 28% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 9, 2026.

50%

half

28% in common

Positions both hold, largest shared weight first

Holding FDLO QUAL

APPLE INC 7.98% 7.03%

MICROSOFT CORP 6.33% 8.01%

ALPHABET INC 6.20% 1.97%

VISA INC 1.37% 3.24%

EXXONMOBIL HOLDINGS CORP 1.13% 2.31%

MASTERCARD INC 1.12% 2.28%

WALMART INC 0.89% 0.96%

ACCENTURE PLC 0.88% 0.84%

COCA COLA CO 0.72% 0.79%

GILEAD SCIENCES INC 0.62% 0.69%

AUTOMATIC DATA PROCESSING INC 0.59% 1.16%

LOCKHEED MARTIN CORP 0.54% 0.81%

Only in FDLO

AMAZON.COM INC 4.48%

BROADCOM INC 4.08%

CISCO SYSTEMS INC 2.20%

JPMORGAN CHASE and CO 1.87%

BERKSHIRE HATHAWAY INC DEL 1.81%

ELI LILLY and CO 1.80%

TEXAS INSTRUMENTS INC. 1.69%

AMPHENOL CORPORATION NEW 1.61%

Only in QUAL

NVIDIA 6.49%

META PLATFORMS CLASS A 4.62%

LAM RESEARCH 3.69%

ELI LILLY 3.65%

TJX 3.41%

APPLIED MATERIAL INC 3.01%

KLA 2.57%

JOHNSON & JOHNSON 2.04%

Check overlap with more funds →

On the same fields

FDLO

Fidelity Low Volatility Factor ETF

QUAL

iShares MSCI USA Quality Factor ETF

Where it sits Stock ETF Stock ETF

Issuer Fidelity iShares

What it is Tracks an index Tracks the MSCI USA Quality Factor

Total return, 1 year +12.1% +17.1%

Expense ratio 0.15% 0.15%

Already in the S&P 500 96.3% 97.2%

Holdings 123 119

Net assets, FDLO as of Sep 30, 2026 and QUAL as of Oct 9, 2026 $1.4bn $49.0bn

FDLO and QUAL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About FDLO

FDLO tracks an index. Over the year to Oct 9, 2026 it returned +12.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 123 positions, with the top ten at 38.5%.

About QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 9, 2026 it returned +17.1% with distributions reinvested. By its holdings published by its issuer for Oct 9, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 45.7%.

Questions people ask

Which returned more over the last year, FDLO or QUAL?: In the year to Oct 9, 2026, with distributions reinvested, FDLO returned +12.1% and QUAL +17.1%.
Which is cheaper, FDLO or QUAL?: Neither: FDLO and QUAL both charge 0.15% a year. Fees come from each fund's prospectus.
How much do FDLO and QUAL overlap with the S&P 500?: By their latest filed holdings, 96% of FDLO and 97% of QUAL by weight is stocks the S&P 500 already holds.

Other comparisons

FDLO vs IWB FDLO vs VV FDLO vs SCHB FDLO vs SCHX LRGC vs QUAL FQAL vs QUAL FVAL vs QUAL QQQE vs QUAL

FDLO on its own →QUAL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

FDLO filings on SEC EDGAR ↗FDLO prospectus with the expense ratio (SEC) ↗Fidelity website ↗QUAL filings on SEC EDGAR ↗QUAL prospectus with the expense ratio (SEC) ↗iShares page for QUAL ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FDLO against QUAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdlo-vs-qual

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.