FAAA vs QQQ
FAAA vs QQQ
Fidelity AAA CLO ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
FAAA has a lower expense ratio. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FAAA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.18% | |
| AUM | $60M | $455.8B | |
| Dividend Yield | 2.05% | 0.41% | |
| Holdings | 59 | 108 | |
| YTD Return | +2.45% | +18.20% | |
| 1Y Return | - | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -0.6% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 11, 2026 | Mar 10, 1999 |
FAAA vs QQQ Performance
Fidelity AAA CLO ETF (FAAA) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, FAAA is up 2.45% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -0.6% for FAAA and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FAAA charges 0.00% per year while QQQ charges 0.18%. On a $10,000 position that is $0 vs $18 annually, a gap of $18 per year that compounds over a long holding period. On income, FAAA currently yields 2.05% against 0.41% for QQQ.
Holdings Overlap
FAAA and QQQ share 0 holdings out of 116 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, FAAA or QQQ?
FAAA has an expense ratio of 0.00% while QQQ charges 0.18%. FAAA is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
What is the holdings overlap between FAAA and QQQ?
FAAA and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 116 unique securities.
Which pays a higher dividend, FAAA or QQQ?
FAAA yields 2.05% while QQQ yields 0.41%, so FAAA currently pays the higher dividend yield.
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