Fidelity Quality Factor ETF: 2 More Compelling Competitors

Fidelity Quality Factor ETF (FQAL) has been updated to reflect current holdings and recent performance. The ETF tracks the Fidelity Quality Factor Index, which focuses on stocks with high profitability and low financial leverage. Two competitors, Vanguard Dividend Appreciation ETF and Invesco QQQ, are found to be more compelling due to their better performance and lower fees.

Bitcoin exchange-traded funds (ETFs) experienced a significant surge in inflows on Oct. 6, with a total of $1.19 billion in new investments, according to data from SoSoValue Biggest Bitcoin ETF Records Nearly $1 Billion Worth of Inflows in Just One Day^[1]. BlackRock's iShares Bitcoin Trust ETF (IBIT) led the way, attracting $969 million in inflows, which accounted for nearly all of the total inflows. Fidelity's FBTC ETF followed with $112 million, while the Bitwise Bitcoin ETF (BITB) and Grayscale Bitcoin Trust ETF (GBTC) saw inflows of $60.12 million and $30.55 million, respectively.

In comparison, Ethereum ETFs attracted a relatively modest $176 million, with BlackRock's iShares Ethereum Trust ETF (ETHA) accounting for the majority of this sum at $92.59 million. Over the past month, Bitcoin ETFs have significantly outperformed their Ethereum counterparts, with $4.61 billion in inflows versus $1.05 billion for Ethereum ETFs, signaling a clear rotation back to Bitcoin after Ethereum's August spotlight Biggest Bitcoin ETF Records Nearly $1 Billion Worth of Inflows in Just One Day^[1].

Meanwhile, the Fidelity Quality Factor ETF (FQAL) has been updated to reflect current holdings and recent performance. The ETF tracks the Fidelity Quality Factor Index, which focuses on stocks with high profitability and low financial leverage. However, it has been found to be less compelling compared to its competitors, such as the Vanguard Dividend Appreciation ETF and Invesco QQQ, due to their better performance and lower fees.