Fidelity Quality Factor ETF (FQAL) is a quality and low-volatility ETF. As of October 28, 2026, ETF Copilot scores FQAL 7.0 out of 10 — highest on Quality (9.9), lowest on Value (3.2). It trades at 24.2 times earnings, against its own median of 21.4. Its ten largest holdings are 39% of the fund.
What stands out in FQAL's data
U.S. stocks screened for quality and stability.
Earns more on its capital than nearly any peer in the quality group — a sign of real business strength.
Return on equity of 29.0% sits ahead of most peers, well above the category median of 22.5%, and its 0.15% fee is below the typical 0.2% cost in the category.
A quality tilt for a portfolio that already favors steady earners.
Why did FQAL move this week? It fell 0.8% in the week to October 28, 2026 — Meta Platforms and Nvidia drove it
FQAL fell 0.8% in the week to October 28, 2026. The holdings that moved it most were Meta Platforms (−12.2%), Nvidia (−3.0%) and Alphabet (−2.9%); Micron Technology (+7.6%) pushed the other way.
How is FQAL rated? ETF Copilot scores Fidelity Quality Factor ETF (FQAL) 7.0 out of 10
As of October 28, 2026, ETF Copilot scores Fidelity Quality Factor ETF (FQAL) 7.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 7.0 / 10
- Growth: 7.1 / 10
- Value: 3.2 / 10
- Risk: 7.4 / 10
- Quality: 9.9 / 10
- Return: 7.1 / 10
FQAL is ranked #10 of 10 in ETF Copilot's Quality list.
Is FQAL expensive right now? It trades at 24.2 times earnings, against its own median of 21.4
As of October 28, 2026, FQAL is more expensive than 66% of its own last 9 years.
Trailing 12 months, built from FQAL's holdings. How we calculate this →
What's inside FQAL? 40% Tech
What's inside FQAL: Size (Large 90%, Mid 10%, Small 0%); Geography (International 3%, US 98%); Tech 40.4%; Magnificent 7 27.5%; AI 19.3%; Semiconductors 15.3%; Memory 13.8%.
What are FQAL's top holdings? The ten largest are 39% of the fund
Nvidia, Apple, Microsoft, Alphabet, Broadcom, Micron Technology, Facebook, Eli Lilly, JPMorgan Chase and Visa are FQAL's largest holdings, in that order.
More concentrated than 82% of Quality & Low Volatility ETFs.
Half of FQAL's weight sits in its 19 largest positions, and once those weights are taken into account it behaves like 41 equally weighted holdings.
What is FQAL's expense ratio? 0.15% a year
As of October 28, 2026, FQAL charges 0.15% a year, yields 1.14% and holds $1.5B in assets across 136 positions.
| Measure | FQAL |
|---|---|
| Expense ratio | 0.15% |
| Dividend yield | 1.14% |
| Assets under management | $1.5B |
| Holdings | 136 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Fidelity Quality Factor ETF (FQAL) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/fqal
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