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FQAL vs IVV: Differences, Returns & Fees

FQAL and IVV hold 45% of their weight in the same names, and IVV returned +17.3% over the year. Net assets: $1.4bn on Sep 30, 2026 for Fidelity Quality Factor ETF, and $896.4bn on Oct 9, 2026 for iShares Core S&P 500 ETF.

IVV costs 0.12 points a year less; their one-year returns differ by 2.1 points; IVV is far larger, $881.3bn against $1.4bn.

FQAL vs IVV: Differences, Returns & Fees
FQALIVV
Expense ratio0.15%0.03%
Net assets, as of Sep 30, 2026$1.4bn$881.3bn
Total return, 1 year+15.2%+17.3%
What it tracksFidelity U.S. Quality Factor IndexS&P 500
Holdings in common45%
Top ten holdings, share of the fund38.1%39.0%

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

+15.2%
FQAL total return, 1 year
+17.3%
IVV total return, 1 year
0.15%
FQAL expense ratio
0.03%
IVV expense ratio

What they hold in common

By the books each fund has filed, FQAL and IVV hold 45% 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

45% in common

Positions both hold, largest shared weight first
Holding FQAL IVV
NVIDIA CORP 7.69% 8.23%
APPLE INC 7.22% 7.29%
MICROSOFT CORP 5.62% 5.89%
ALPHABET INC 5.58% 3.06%
BROADCOM INC 3.36% 2.55%
META PLATFORMS INC 1.90% 2.35%
EXXONMOBIL HOLDINGS CORP 1.12% 1.03%
VISA INC 1.48% 0.97%
ABBVIE INC 1.14% 0.72%
MASTERCARD INC 1.23% 0.71%
PALANTIR TECHNOLOGIES INC 0.90% 0.71%
CISCO SYSTEMS INC 1.46% 0.69%
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 IVV
AMAZON.COM INC 3.82%
ALPHABET CLASS C 2.45%
MICRON TECHNOLOGY 1.72%
TESLA INC 1.60%
ADVANCED MICRO DEVICES 1.47%
BERKSHIRE HATHAWAY INC CLASS B 1.42%
ELI LILLY 1.40%
JPMORGAN CHASE & CO 1.31%

Check overlap with more funds →

On the same fields

FQAL
Fidelity Quality Factor ETF
IVV
iShares Core S&P 500 ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity iShares
What it is Tracks an index Tracks the S&P 500
Total return, 1 year +15.2% +17.3%
Its benchmark over the same days not published +17.3% (SPY)
Gap to its benchmark not available +0.1 pts vs SPY
Expense ratio 0.15% 0.03%
Already in the S&P 500 94.0% 99.8%
Holdings 124 505
Net assets, FQAL as of Sep 30, 2026 and IVV as of Oct 9, 2026 $1.4bn $896.4bn

FQAL and IVV 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 IVV

IVV tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 9, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 39.0%.

Questions people ask

Which returned more over the last year, FQAL or IVV?
In the year to Oct 9, 2026, with distributions reinvested, FQAL returned +15.2% and IVV +17.3%.
Which is cheaper, FQAL or IVV?
IVV 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 IVV overlap with the S&P 500?
By their latest filed holdings, 94% of FQAL and 100% of IVV by weight is stocks the S&P 500 already holds.
Other comparisons
FQAL vs SPYFQAL vs VOOFQAL vs VTIFQAL vs ITOTIVV vs QQQEFVAL vs IVVIVV vs USXFIVV vs PDP
FQAL on its own →IVV 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 ↗IVV filings on SEC EDGAR ↗IVV prospectus with the expense ratio (SEC) ↗iShares page for IVV ↗

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 IVV, data as of Oct 9, 2026. https://etfiq.com/compare/any/fqal-vs-ivv

Open data

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