FQAL vs GTOS
Fidelity Quality Factor ETF vs Invesco Short Duration Total Return Bond ETF
Quick Verdict
FQAL has a lower expense ratio. FQAL delivered stronger 1-year returns. GTOS offers more diversification with 703 holdings.
Side-by-Side Comparison
| Metric | FQAL | GTOS | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.30% | |
| AUM | $1.4B | $124M | |
| Dividend Yield | 1.15% | 4.52% | |
| Holdings | 130 | 703 | |
| YTD Return | +12.56% | -0.75% | |
| 1Y Return | +19.37% | +1.23% | |
| 3Y Return (annualized) | +20.54% | +4.69% | |
| 5Y Return (annualized) | +11.62% | - | |
| Volatility (annualized) | 15.0% | 1.9% | |
| Max Drawdown | -34.1% | -1.8% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Fixed Income | |
| Inception | Sep 12, 2016 | Dec 9, 2022 |
FQAL vs GTOS Performance
Fidelity Quality Factor ETF (FQAL) is a ETF from Fidelity Investments (US) and Invesco Short Duration Total Return Bond ETF (GTOS) is a ETF from Invesco (US). Over the past year FQAL returned +19.37% while GTOS returned +1.23%. Year to date, FQAL is up 12.56% versus a loss of 0.75% for GTOS.
Over three years, FQAL compounded at +20.54% per year against +4.69% for GTOS. Across the full 4-year window we track, FQAL has the edge at +13.76% annualized vs +4.29%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FQAL has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 1.9% for GTOS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.1% for FQAL and -1.8% for GTOS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FQAL charges 0.15% per year while GTOS charges 0.30%. On a $10,000 position that is $15 vs $30 annually, a gap of $15 per year that compounds over a long holding period. On income, FQAL currently yields 1.15% against 4.52% for GTOS.
Holdings Overlap
FQAL and GTOS share 0 holdings out of 384 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FQAL or GTOS?
FQAL has an expense ratio of 0.15% while GTOS charges 0.30%. FQAL is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, FQAL or GTOS?
Over the past year FQAL returned +19.37% vs +1.23% for GTOS, so FQAL leads on 1-year performance. Over the longest common window we track (4 years), FQAL annualized +13.76% vs +4.29% for GTOS. Past performance does not guarantee future results.
Which is riskier, FQAL or GTOS?
FQAL has been the more volatile fund at 15.0% annualized versus 1.9% for GTOS. Worst drawdown: FQAL -34.1% vs GTOS -1.8%.
Should I hold both FQAL and GTOS?
FQAL and GTOS have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FQAL and GTOS?
FQAL and GTOS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 384 unique securities.
Which pays a higher dividend, FQAL or GTOS?
FQAL yields 1.15% while GTOS yields 4.52%, so GTOS currently pays the higher dividend yield.
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