FSST vs IQSU
Fidelity Sustainable US Equity ETF vs NYLIM Candriam US Large Cap Equity ETF
Which is better, FSST or IQSU?
Nearly the same fund. IQSU costs less.
IQSU has a lower expense ratio. FSST led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. IQSU is less concentrated, with 43.3% of the fund in its ten largest positions against 43.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FSST | IQSU |
|---|---|---|
| Expense Ratio | 0.59% | 0.09%Best |
| AUM | $13M | $354M |
| Dividend Yield | 1.55% | 0.91% |
| Holdings | 90 | 264 |
| Volatility (annualized) | 17.4% | 16.7%Best |
| Max Drawdown | -26.3%Best | -26.8% |
| $10,000 over 4.4 years | $16,169Best | $15,696 |
| Top 10 Weight | 43.8% | 43.3%Best |
| Fund Family | Fidelity Investments (US) | New York Life Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 15, 2021 | Dec 17, 2019 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 335 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FSST has data through Nov 13, 2025 and IQSU through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Jun 17, 2021 to Nov 13, 2025 (4.4 years).
Risk: Volatility and Drawdowns
FSST has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 16.7% for IQSU. 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 -26.3% for FSST and -26.8% for IQSU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FSST charges 0.59% per year while IQSU charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, FSST currently yields 1.55% against 0.91% for IQSU.
Holdings Overlap
53.4% of FSST's money is in holdings IQSU also owns. 42.9% of IQSU's money is in holdings FSST also owns.
The two portfolios partly overlap.
The two holdings books were reported 431 days apart, FSST as of Jul 31, 2025 and IQSU as of Oct 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
45 positions in common, counted across the 94 positions we hold weights for in FSST and 269 in IQSU, against full books of 90 and 264.
What only one of them owns
Our book lists 218 positions for IQSU that do not appear in our book for FSST (56.3% of the fund), and 42 for FSST that do not appear in IQSU (42.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FSST | Weight in IQSU | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.57% | 10.22% | 4.65% |
| MSFTMicrosoft Corp | 7.00% | 5.46% | 1.54% |
| AMZNAmazon.Com Inc | 5.21% | 4.78% | 0.43% |
| GOOGLAlphabet Inc Cl A | 3.89% | 5.24% | 1.35% |
| MUMicron Technology Inc . | 0.69% | 3.33% | 2.64% |
| MAMastercard Inc. Cl A | 1.75% | 1.23% | 0.52% |
| KOCoca Cola Co. | 1.39% | 0.95% | 0.44% |
| PGProcter & Gamble Company | 1.06% | 0.95% | 0.11% |
| GEVGe Vernova Inc Usd 0.01 | 1.23% | 0.77% | 0.46% |
| BSXBoston Scientific Corp | 1.81% | 0.17% | 1.64% |
53.4% of FSST is already inside IQSU.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FSST or IQSU?
FSST has an expense ratio of 0.59% while IQSU charges 0.09%. IQSU is the cheaper option, by $50 a year on a $10,000 investment.
Which is riskier, FSST or IQSU?
FSST has been the more volatile fund at 17.4% annualized versus 16.7% for IQSU. Worst drawdown: FSST -26.3% vs IQSU -26.8%.
Should I hold both FSST and IQSU?
FSST and IQSU have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FSST and IQSU?
53.4% of FSST's money is in holdings IQSU also owns. 42.9% of IQSU's is in holdings FSST also owns. They hold 45 positions in common, counted across the 94 positions we hold weights for in FSST and 269 in IQSU.
Which pays a higher dividend, FSST or IQSU?
FSST yields 1.55% while IQSU yields 0.91%, so FSST currently pays the higher dividend yield.
Is IQSU better than FSST?
IQSU has a lower expense ratio. FSST led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. IQSU is less concentrated, with 43.3% of the fund in its ten largest positions against 43.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.