Data as of Nov 4, 2026.
FQAL vs GSLC: Differences, Returns & Fees
Over the year to Nov 4, 2026, FQAL returned +15.1% to GSLC's +13.3%; 49% of their weight is in the same names.
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Net assets: $1.4bn on Sep 30, 2026 for Fidelity Quality Factor ETF, and $15.3bn on Nov 3, 2026 for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF.
Pair scorecard
GSLC costs 0.06 points a year less; their one-year returns differ by 1.8 points.
| Measure | FQAL | GSLC |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.1% | +13.3% |
| Benchmark | ||
| What it tracks | Fidelity U.S. Quality Factor Index | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.09% |
| Net assets, FQAL as of Sep 30, 2026 and GSLC as of Nov 3, 2026 | $1.4bn | $15.3bn |
| Holdings | ||
| Holdings in common | 49% | |
| Top ten holdings, share of the fund | 38.1% | 35.2% |
Risk and return
Sep 23, 2016 to Oct 30, 2026 · 527 weekly returnsFrom Sep 2016 to Oct 2026, FQAL and GSLC returned about the same: +277.2% and +282.8%. FQAL swung slightly less: 16.5% to 17.0%. FQAL fell slightly less at its worst: −30.9% to −31.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FQAL | GSLC | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +277.2% | +282.8% | Tie | Price change plus distributions, reinvested. |
| Annualized | +14.0% | +14.2% | Tie | Total return as a yearly rate. |
| Price return | +225.3% | +230.4% | GSLC (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.5% | 17.0% | FQAL (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.4% | 11.8% | FQAL (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.9% | −31.8% | FQAL (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.73 | 0.72 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 1.05 | 1.04 | Tie | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.45 | 0.45 | Tie | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 527 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FQAL and GSLC hold 49% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
49% in common
Only in one fund ↓
Side by side
FQAL and GSLC on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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FQAL
FQAL tracks an index. Over the year to Nov 4, 2026 it returned +15.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 124 positions, with the top ten at 38.1%.
GSLC
GSLC tracks an index. Over the year to Nov 4, 2026 it returned +13.3% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings filed for Aug 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 426 positions, with the top ten at 35.2%.
Questions people ask
- Which returned more over the last year, FQAL or GSLC?
- In the year to Nov 4, 2026, with distributions reinvested, FQAL returned +15.1% and GSLC +13.3%.
- Which is cheaper, FQAL or GSLC?
- GSLC is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, FQAL against GSLC, data as of Nov 4, 2026. https://etfiq.com/compare/any/fqal-vs-gslc
ETFIQ. (Nov 4, 2026). FQAL against GSLC. Retrieved from https://etfiq.com/compare/any/fqal-vs-gslc
[FQAL against GSLC (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/fqal-vs-gslc)
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