FQAL vs IGBH
Fidelity Quality Factor ETF vs iShares Interest Rate Hedged Long-Term Corporate Bond ETF
Quick Verdict
IGBH has a lower expense ratio. FQAL delivered stronger 1-year returns. IGBH offers more diversification with 4,130 holdings.
Side-by-Side Comparison
| Metric | FQAL | IGBH | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.14% | |
| AUM | $1.4B | $233M | |
| Dividend Yield | 1.15% | 5.62% | |
| Holdings | 130 | 4,130 | |
| YTD Return | +12.56% | +2.18% | |
| 1Y Return | +19.37% | +5.92% | |
| 3Y Return (annualized) | +20.54% | +7.66% | |
| 5Y Return (annualized) | +11.62% | +5.45% | |
| Volatility (annualized) | 15.0% | 7.5% | |
| Max Drawdown | -34.1% | -38.9% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Fixed Income | |
| Inception | Sep 12, 2016 | Jul 22, 2015 |
FQAL vs IGBH Performance
Fidelity Quality Factor ETF (FQAL) is a ETF from Fidelity Investments (US) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is a ETF from iShares by BlackRock (US). Over the past year FQAL returned +19.37% while IGBH returned +5.92%. Year to date, FQAL is up 12.56% versus a gain of 2.18% for IGBH.
Over three years, FQAL compounded at +20.54% per year against +7.66% for IGBH; over five years the annualized figures are +11.62% and +5.45% respectively. Across the full 10-year window we track, FQAL has the edge at +13.76% annualized vs +2.91%. 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 7.5% for IGBH. 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 -38.9% for IGBH. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FQAL charges 0.15% per year while IGBH charges 0.14%. On a $10,000 position that is $15 vs $14 annually, a gap of $1 per year that compounds over a long holding period. On income, FQAL currently yields 1.15% against 5.62% for IGBH.
Holdings Overlap
FQAL and IGBH share 0 holdings out of 201 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 IGBH?
FQAL has an expense ratio of 0.15% while IGBH charges 0.14%. IGBH is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FQAL or IGBH?
Over the past year FQAL returned +19.37% vs +5.92% for IGBH, so FQAL leads on 1-year performance. Over the longest common window we track (10 years), FQAL annualized +13.76% vs +2.91% for IGBH. Past performance does not guarantee future results.
Which is riskier, FQAL or IGBH?
FQAL has been the more volatile fund at 15.0% annualized versus 7.5% for IGBH. Worst drawdown: FQAL -34.1% vs IGBH -38.9%.
Should I hold both FQAL and IGBH?
FQAL and IGBH have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FQAL and IGBH?
FQAL and IGBH share 0 common holdings with a 0.0% weight overlap. Combined, they hold 201 unique securities.
Which pays a higher dividend, FQAL or IGBH?
FQAL yields 1.15% while IGBH yields 5.62%, so IGBH currently pays the higher dividend yield.
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