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FQAL vs FMCX

Fidelity Quality Factor ETF vs FM Focus Equity ETF

FQAL

Fidelity Quality Factor ETF

Fidelity Investments

Annual cost

0.15%

Fund size

$1.4B

FMCX

FM Focus Equity ETF

First Manhattan Co.

Annual cost

0.71%

Fund size

$115M

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.
  • FQAL follows a index tracking strategy; FMCX uses active selection.
  • 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

FQALFMCX
Annual cost (TER)0.15%0.71%
Fund size (AUM)$1.4B$115M
Since20162022
Dividend yield1.16%0.34%
Asset classequityequity
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+23.8%+19.0%
CAGR 3Y+20.5%+16.8%
CAGR 5Y+12.7%N/A
Sharpe 3Y1.160.93
Volatility 1Y11.32%12.95%
Max drawdown-33.71%-17.70%

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

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