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

In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and QUAL +13.1%.

Which is cheaper, FDVV or QUAL?

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

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

By their latest filed holdings, 87% of FDVV and 97% of QUAL by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

FDVV vs QUAL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FDVV returned +13.5% to QUAL's +13.1%; 23% of their weight is in the same names.

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Net assets: $10.2bn on Sep 30, 2026 for Fidelity High Dividend ETF, and $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF.

FDVV on its own →QUAL on its own →

At a glance

+13.5%

FDVV total return, 1 year

+13.1%

QUAL total return, 1 year

0.15%

FDVV expense ratio

0.15%

QUAL expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 0.4 points; QUAL is 4.7 times larger.

Points (pts) are percentage points.

FDVV vs QUAL: Differences, Returns & Fees
Measure	FDVV	QUAL
Return
Measure	FDVV	QUAL
Total return, 1 year	+13.5%	+13.1%
Benchmark
Measure	FDVV	QUAL
What it tracks	Fidelity High Dividend Index	MSCI USA Sector Neutral Quality Index
Cost and size
Measure	FDVV	QUAL
Expense ratio	0.15%	0.15%
Net assets, as of Sep 30, 2026	$10.2bn	$47.7bn
Holdings
Measure	FDVV	QUAL
Holdings in common	23%
Top ten holdings, share of the fund	33.8%	44.5%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

Sep 23, 2016 to Oct 23, 2026 · 526 weekly returns

FDVV QUAL

Return

Total return edge QUAL +247.7% +282.8%

Annualized edge QUAL (slight) +13.1% +14.2%

Price return edge QUAL +143.5% +229.4%

Risk

Volatility edge Tie 16.9% 17.3%

Max drawdown edge QUAL −37.4% −31.4%

Risk-adjusted

Sharpe edge QUAL (slight) 0.67 0.71

Sortino edge QUAL (slight) 0.93 1.03

Calmar edge QUAL 0.35 0.45

Reading

QUAL returned more: +282.8% to +247.7%. FDVV and QUAL swung about the same: 16.9% and 17.3%. QUAL fell less at its worst: −31.4% to −37.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FDVV vs QUAL: Differences, Returns & Fees
Measure	FDVV	QUAL	Edge	How it is measured
Return
Total return	+247.7%	+282.8%	QUAL	Price change plus distributions, reinvested.
Annualized	+13.1%	+14.2%	QUAL (slight)	Total return as a yearly rate.
Price return	+143.5%	+229.4%	QUAL	Price change alone, distributions left out.
Risk
Volatility	16.9%	17.3%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	12.1%	12.0%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−37.4%	−31.4%	QUAL	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.67	0.71	QUAL (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.93	1.03	QUAL (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.35	0.45	QUAL	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 526 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

23%

By the books each fund has filed, FDVV and QUAL hold 23% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

23% in common

Positions both hold · largest shared weight first FDVV QUAL

NVIDIA CORP 6.57% 6.28%

APPLE INC 6.18% 7.38%

MICROSOFT CORP 4.88% 8.09%

ALPHABET INC 1.95% 1.82%

COCA COLA CO 1.96% 0.83%

META PLATFORMS INC 0.65% 4.06%

ACCENTURE PLC 0.64% 0.96%

BEST BUY CO INC 1.65% 0.39%

PEPSICO INC 1.37% 0.34%

AUTOMATIC DATA PROCESSING INC 0.26% 1.28%

LOCKHEED MARTIN CORP 0.23% 1.01%

PAYCHEX INC 0.23% 0.27%

Only in one fund ↓

Only in FDVV

BROADCOM INC 3.11%

JPMORGAN CHASE and CO 2.76%

DELL TECHNOLOGIES INC 2.66%

BANK OF AMERICA CORPORATION 1.96%

PHILIP MORRIS INTERNATIONAL INC 1.80%

GOLDMAN SACHS GROUP INC (THE) 1.80%

PROCTER and GAMBLE CO 1.69%

HOME DEPOT INC 1.59%

Only in QUAL

ELI LILLY 4.04%

TJX 3.50%

VISA CLASS A 3.44%

LAM RESEARCH 2.84%

EXXONMOBIL HOLDINGS CORP 2.50%

MASTERCARD CLASS A 2.40%

APPLIED MATERIAL INC 2.39%

JOHNSON & JOHNSON 2.14%

Check overlap with more funds →

Side by side

FDVV Fidelity High Dividend ETF QUAL iShares MSCI USA Quality Factor ETF

Where it sits Stock ETF Stock ETF

Issuer Fidelity iShares

What it is Tracks an index of High Dividend Tracks the MSCI USA Quality Factor

Total return, 1 year +13.5% +13.1%

Its benchmark over the same days not measured +13.6% (MLRG)

Gap to its benchmark not measured −0.5 pts vs MLRG

Expense ratio 0.15% 0.15%

Already in the S&P 500 87.4% 97.2%

Holdings 95 119

Net assets, FDVV as of Sep 30, 2026 and QUAL as of Oct 28, 2026 $10.2bn $48.2bn

FDVV and QUAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-CF426C2B53

FDVV and QUAL do different jobs. What does each one do in a portfolio?

What each follows. FDVV follows Fidelity High Dividend Index and QUAL follows MSCI USA Sector Neutral Quality Index.
Holdings in common. 23% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
Size. FDVV has $10.2bn in net assets and QUAL $47.7bn (net assets, as of Sep 30, 2026); QUAL is 4.7 times larger.

Data as of Oct 28, 2026.

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About each fund

FDVV

FDVV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 95 positions, with the top ten at 33.8%.

QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.

Questions people ask

Which returned more over the last year, FDVV or QUAL?: In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and QUAL +13.1%.
Which is cheaper, FDVV or QUAL?: Neither: FDVV and QUAL both charge 0.15% a year. Fees come from each fund's prospectus.
How much do FDVV and QUAL overlap with the S&P 500?: By their latest filed holdings, 87% of FDVV and 97% of QUAL by weight is stocks the S&P 500 already holds.

Other comparisons

FDVV vs MTUM FDVV vs IWB FDVV vs SCHB FDVV vs SCHX EQWL vs QUAL QUAL vs VLUE QUAL vs SPYD AVLV vs QUAL

Where to next

FDVV on its own →QUAL on its own →Hold both: look the portfolio through →Rankings →FDVV dividend history →FDVV holdings →QUAL dividend history →QUAL holdings →Standards and sources →

Sources and dates

FDVV filings on SEC EDGAR ↗

FDVV prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

QUAL filings on SEC EDGAR ↗

QUAL prospectus with the expense ratio (SEC) ↗

iShares page for QUAL ↗

Links are sources, not endorsements. 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, FDVV against QUAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdvv-vs-qual

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