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FQAL vs ITOT: Differences, Returns & Fees

FQAL and ITOT hold 41% of their weight in the same names, and ITOT returned +16.8% over the year. Net assets: $1.4bn on Sep 30, 2026 for Fidelity Quality Factor ETF, and $98.1bn on Oct 9, 2026 for iShares Core S&P Total U.S. Stock Market ETF.

ITOT costs 0.12 points a year less; their one-year returns differ by 1.6 points; ITOT is far larger, $95.9bn against $1.4bn.

FQAL vs ITOT: Differences, Returns & Fees
FQALITOT
Expense ratio0.15%0.03%
Net assets, as of Sep 30, 2026$1.4bn$95.9bn
Total return, 1 year+15.2%+16.8%
What it tracksFidelity U.S. Quality Factor IndexS&P Total U.S. Stock Market
Holdings in common41%
Top ten holdings, share of the fund38.1%34.8%

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

+15.2%
FQAL total return, 1 year
+16.8%
ITOT total return, 1 year
0.15%
FQAL expense ratio
0.03%
ITOT expense ratio

What they hold in common

By the books each fund has filed, FQAL and ITOT hold 41% 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.

half

41% in common

Positions both hold, largest shared weight first
Holding FQAL ITOT
NVIDIA CORP 7.69% 7.35%
APPLE INC 7.22% 6.51%
MICROSOFT CORP 5.62% 5.26%
ALPHABET INC 5.58% 2.73%
BROADCOM INC 3.36% 2.28%
META PLATFORMS INC 1.90% 2.10%
EXXONMOBIL HOLDINGS CORP 1.12% 0.92%
VISA INC 1.48% 0.87%
ABBVIE INC 1.14% 0.65%
PALANTIR TECHNOLOGIES INC 0.90% 0.64%
MASTERCARD INC 1.23% 0.63%
CISCO SYSTEMS INC 1.46% 0.62%
Only in FQAL
JPMORGAN CHASE and CO 1.97%
ELI LILLY and CO 1.77%
APPLIED MATERIALS INC 1.54%
JOHNSON and JOHNSON 1.37%
MERCK and CO INC 0.94%
PROCTER and GAMBLE CO 0.75%
CHEVRON CORP NEW 0.72%
PNC FINANCIAL SERVICES GRP INC 0.70%
Only in ITOT
AMAZON.COM INC 3.41%
ALPHABET CLASS C 2.19%
MICRON TECHNOLOGY 1.54%
TESLA INC 1.43%
ADVANCED MICRO DEVICES 1.31%
BERKSHIRE HATHAWAY INC CLASS B 1.27%
ELI LILLY 1.25%
JPMORGAN CHASE & CO 1.17%

Check overlap with more funds →

On the same fields

FQAL
Fidelity Quality Factor ETF
ITOT
iShares Core S&P Total U.S. Stock Market ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity iShares
What it is Tracks an index Tracks the S&P Total U.S. Stock Market
Total return, 1 year +15.2% +16.8%
Expense ratio 0.15% 0.03%
Already in the S&P 500 94.0% 88.1%
Holdings 124 2459
Net assets, FQAL as of Sep 30, 2026 and ITOT as of Oct 9, 2026 $1.4bn $98.1bn

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

About FQAL

FQAL tracks an index. Over the year to Oct 9, 2026 it returned +15.2% 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%.

About ITOT

ITOT tracks the S&P Total U.S. Stock Market. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 9, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,459 positions, with the top ten at 34.8%.

Questions people ask

Which returned more over the last year, FQAL or ITOT?
In the year to Oct 9, 2026, with distributions reinvested, FQAL returned +15.2% and ITOT +16.8%.
Which is cheaper, FQAL or ITOT?
ITOT is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FQAL and ITOT overlap with the S&P 500?
By their latest filed holdings, 94% of FQAL and 88% of ITOT by weight is stocks the S&P 500 already holds.
Other comparisons
FQAL vs VIGFQAL vs SCHXFQAL vs VVFQAL vs SPYMITOT vs USXFITOT vs PDPITOT vs SEIMITOT vs TDVG
FQAL on its own →ITOT on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FQAL filings on SEC EDGAR ↗FQAL prospectus with the expense ratio (SEC) ↗Fidelity website ↗ITOT filings on SEC EDGAR ↗ITOT prospectus with the expense ratio (SEC) ↗iShares page for ITOT ↗

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, FQAL against ITOT, data as of Oct 9, 2026. https://etfiq.com/compare/any/fqal-vs-itot

Open data

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