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FQAL vs OEF: Differences, Returns & Fees

FQAL and OEF hold 46% of their weight in the same names, and OEF returned +16.8% over the year. Net assets: $1.4bn on Sep 30, 2026 for Fidelity Quality Factor ETF, and $20.8bn on Oct 9, 2026 for iShares S&P 100 ETF.

FQAL costs 0.05 points a year less; their one-year returns differ by 1.6 points; OEF is 14.5 times larger.

FQALOEF
Expense ratio0.15%0.20%
Net assets, as of Sep 30, 2026$1.4bn$20.4bn
Total return, 1 year+15.2%+16.8%
What it tracksnot read by ETFIQS&P 100
Holdings in common46%
Top ten holdings, share of the fund38.1%52.6%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 8, 2026.

+15.2%
FQAL total return, 1 year
+16.8%
OEF total return, 1 year
0.15%
FQAL expense ratio
0.20%
OEF expense ratio

What they hold in common

By the books each fund has filed, FQAL and OEF hold 46% 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 8, 2026.

half

46% in common

Positions both hold, largest shared weight first
Holding FQAL OEF
NVIDIA CORP 7.69% 11.23%
APPLE INC 7.22% 10.00%
MICROSOFT CORP 5.62% 7.81%
ALPHABET INC 5.58% 4.11%
BROADCOM INC 3.36% 3.45%
META PLATFORMS INC 1.90% 3.20%
VISA INC 1.48% 1.29%
EXXONMOBIL HOLDINGS CORP 1.12% 1.39%
ABBVIE INC 1.14% 0.97%
MASTERCARD INC 1.23% 0.94%
CISCO SYSTEMS INC 1.46% 0.91%
PALANTIR TECHNOLOGIES INC 0.90% 0.92%
Only in FQAL
JPMORGAN CHASE and CO 1.97%
ELI LILLY and CO 1.77%
APPLIED MATERIALS INC 1.54%
SEAGATE TECHNOLOGY HOLDINGS PLC 1.42%
JOHNSON and JOHNSON 1.37%
FORTINET INC 1.27%
KLA CORP 1.13%
AIRBNB INC 1.06%
Only in OEF
AMAZON.COM INC 5.02%
ALPHABET CLASS C 3.30%
MICRON TECHNOLOGY 2.36%
TESLA INC 2.13%
ADVANCED MICRO DEVICES 2.04%
BERKSHIRE HATHAWAY INC CLASS B 1.92%
ELI LILLY 1.88%
JPMORGAN CHASE & CO 1.77%

Check overlap with more funds →

On the same fields

FQAL
Fidelity Quality Factor ETF
OEF
iShares S&P 100 ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity iShares
What it is Tracks an index Tracks an index
Total return, 1 year +15.2% +16.8%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −2.1 pts −0.5 pts
Expense ratio 0.15% 0.20%
Already in the S&P 500 94.0% 99.9%
Holdings 124 102
Net assets, FQAL as of Sep 30, 2026 and OEF as of Oct 9, 2026 $1.4bn $20.8bn

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

FQAL in plain words

FQAL tracks an index. Over the year to Oct 9, 2026 it returned +15.2% with distributions reinvested, against +17.3% for the S&P 500. 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%.

OEF in plain words

OEF tracks an index. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 8, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 52.6%.

Questions people ask

Which returned more over the last year, FQAL or OEF?
In the year to Oct 9, 2026, with distributions reinvested, FQAL returned +15.2% and OEF +16.8%.
Which is cheaper, FQAL or OEF?
FQAL is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FQAL and OEF overlap with the S&P 500?
By their latest filed holdings, 94% of FQAL and 100% of OEF by weight is stocks the S&P 500 already holds.
Other comparisons
FQAL vs IWVFQAL vs MTUMFQAL vs SPHQFQAL vs SPMOOEF vs TDVGOEF vs VOTEKLMN vs OEFOEF vs SNPE
FQAL on its own →OEF 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 ↗OEF filings on SEC EDGAR ↗OEF prospectus with the expense ratio (SEC) ↗iShares page for OEF ↗

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

Open data

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