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FQAL vs VOO: Differences, Returns & Fees

FQAL and VOO hold 53% of their weight in the same names, and VOO returned +17.3% over the year. Net assets on Sep 30, 2026: $1.4bn for Fidelity Quality Factor ETF and $1.0tn for Vanguard S&P 500 ETF.

VOO costs 0.12 points a year less; their one-year returns differ by 2.1 points; VOO is far larger, $1.0tn against $1.4bn.

FQALVOO
Expense ratio0.15%0.03%
Net assets, as of Sep 30, 2026$1.4bn$1.0tn
Total return, 1 year+15.2%+17.3%
What it tracksnot read by ETFIQS&P 500 Index
Holdings in common53%
Top ten holdings, share of the fund38.1%37.8%

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

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

What they hold in common

By the books each fund has filed, FQAL and VOO hold 53% 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 Aug 31, 2026.

half

53% in common

Positions both hold, largest shared weight first
Holding FQAL VOO
NVIDIA CORP 7.69% 8.09%
APPLE INC 7.22% 7.04%
MICROSOFT CORP 5.62% 5.70%
ALPHABET INC 5.58% 3.01%
BROADCOM INC 3.36% 2.65%
META PLATFORMS INC 1.90% 1.90%
JPMORGAN CHASE and CO 1.97% 1.44%
ELI LILLY and CO 1.77% 1.38%
EXXONMOBIL HOLDINGS CORP 1.12% 1.01%
JOHNSON and JOHNSON 1.37% 0.97%
VISA INC 1.48% 0.93%
MASTERCARD INC 1.23% 0.72%
Only in FQAL
CULLEN/FROST BANKERS INC 0.64%
EAST WEST BANCORP INC 0.62%
COMMERCE BANCSHARES INC/MO 0.59%
AXOS FINANCIAL INC 0.55%
KINSALE CAPITAL GROUP INC 0.47%
MAPLEBEAR INC 0.36%
CHENIERE ENERGY INC 0.28%
ANTERO MIDSTREAM CORP 0.20%
Only in VOO
Amazon.com Inc 3.85%
Alphabet Inc 2.40%
Micron Technology Inc 1.64%
Tesla Inc 1.57%
Berkshire Hathaway Inc 1.40%
Advanced Micro Devices Inc 1.16%
Walmart Inc 0.69%
Intel Corp 0.67%

Check overlap with more funds →

On the same fields

FQAL
Fidelity Quality Factor ETF
VOO
Vanguard S&P 500 ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity Vanguard
What it is Tracks an index Tracks the S&P 500
Total return, 1 year +15.2% +17.3%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −2.1 pts +0.1 pts
Expense ratio 0.15% 0.03%
Already in the S&P 500 94.0% 99.7%
Holdings 124 507
Net assets, as of Sep 30, 2026 $1.4bn $1.0tn

FQAL and VOO 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%.

VOO in plain words

VOO tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Aug 31, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 37.8%.

Questions people ask

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

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

Open data

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