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FMCX vs FQAL

FM Focus Equity ETF vs Fidelity Quality Factor ETF

FMCX

FM Focus Equity ETF

First Manhattan Co.

Annual cost

0.71%

Fund size

$115M

FQAL

Fidelity Quality Factor ETF

Fidelity Investments

Annual cost

0.15%

Fund size

$1.4B

Key differences

  • FQAL costs 0.56% less per year.
  • FQAL is significantly larger than FMCX — larger funds tend to be more liquid and less likely to close.
  • FMCX follows a active selection strategy; FQAL uses index tracking.
  • Over the last 3 years, FQAL has delivered higher annualized returns.
  • FQAL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMCXFQAL
Annual cost (TER)0.71%0.15%
Fund size (AUM)$115M$1.4B
Since20222016
Dividend yield0.34%1.16%
Asset classequityequity
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+18.7%+22.6%
CAGR 3Y+17.2%+20.8%
CAGR 5YN/A+12.4%
Sharpe 3Y0.951.18
Volatility 1Y12.96%11.34%
Max drawdown-17.70%-33.71%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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