FQAL vs QDEF
Fidelity Quality Factor ETF against Northern Trust Quality Dividend Defensive ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
46%
56 shared positions
Fee gap
24 bp
FQAL is cheaper
1-year return gap
0.1 pts
FQAL is ahead
Larger fund
FQAL
$1.4B
Side by side
| FQAL | QDEF | |
|---|---|---|
| Fund | Fidelity Quality Factor ETF | Northern Trust Quality Dividend Defensive ETF |
| Issuer | Fidelity | Northern Trust FlexShares |
| Category | Quality | Dividend |
| Expense ratio | 0.15% | 0.39% |
| Assets | $1.4B | $554M |
| Average daily dollar volume | $3.7M | $535K |
| Listed | Sep 12, 2016 | Dec 14, 2012 |
| FrenzyCap score | 74 | 50 |
| 1-month return | +2.3% | +1.1% |
| 3-month return | +3.6% | +3.4% |
| Year to date | +12.4% | +12.2% |
| 1-year return | +13.3% | +13.2% |
| 30-day volatility | 9.3% | 8.5% |
| Worst drawdown, 1 year | −8.8% | −7.2% |
| Trailing 12-month yield | 1.14% | 1.56% |
| Holdings | 127 | 138 |
| Top 10 weight | 35.6% | 38.4% |
| Look-through P/E | 24.4 | 21.0 |
| Holdings vs fair value | −0.2% | +7.0% |
| Holdings above 200-day average | 70% | 68% |
| Net flow, latest 3 reported months | −$20M thru Jul 2026 | −$6.5M thru Jul 2026 |
| 30-day implied volatility | 13.2% | 14.6% |
| Holdings as of | as of Apr 30, 2026SEC filing | as of Apr 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
59% of FQAL · 65% of QDEF| Holding | FQAL | QDEF |
|---|---|---|
| NVDA | 7.47% | 6.76% |
| AAPL | 6.18% | 7.63% |
| MSFT | 4.72% | 3.81% |
| AVGO | 3.59% | 5.57% |
| GOOGL | 5.78% | 2.75% |
| JPM | 1.73% | 1.96% |
| JNJ | 1.25% | 2.58% |
| CSCO | 1.15% | 1.87% |
| KLAC | 1.09% | 1.73% |
| ABBV | 0.97% | 2.66% |
| QCOM | 0.97% | 1.42% |
| MRK | 0.79% | 1.31% |
| PG | 0.74% | 2.49% |
| LLY | 1.43% | 0.69% |
| AMGN | 0.69% | 0.67% |
| BMY | 0.64% | 0.90% |
| GILD | 0.63% | 1.12% |
| PM | 0.62% | 1.92% |
| HD | 1.12% | 0.60% |
| TRANE TECHNOLOGIES PLC | 0.56% | 0.81% |
| YUM | 0.90% | 0.55% |
| EWBC | 0.59% | 0.54% |
| CFR | 0.57% | 0.50% |
| MO | 0.50% | 0.91% |
| XOM | 1.10% | 0.49% |
Sector mix of the stock holdings
| Sector | FQAL | QDEF | Gap |
|---|---|---|---|
| Technology | 38.5% | 37.6% | +0.9% |
| Industrials | 15.0% | 6.3% | +8.6% |
| Health Care | 7.3% | 11.3% | −4.0% |
| Financials | 7.5% | 10.5% | −3.0% |
| Consumer Discretionary | 7.9% | 5.7% | +2.2% |
| Consumer Staples | 4.8% | 6.9% | −2.1% |
| Real Estate | 2.0% | 5.3% | −3.3% |
| Utilities | 2.8% | 3.5% | −0.7% |
| Energy | 2.8% | 3.3% | −0.6% |
| Materials | 1.3% | 4.7% | −3.4% |
| Communication Services | 2.0% | 1.5% | +0.5% |
More: full overlap table · FQAL holdings · QDEF holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.