FBCV vs QQQ
Fidelity Blue Chip Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FBCV delivered stronger 1-year returns. FBCV offers more diversification with 112 holdings.
Side-by-Side Comparison
| Metric | FBCV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.18% | |
| AUM | $166M | $455.8B | |
| Dividend Yield | 1.32% | 0.41% | |
| Holdings | 114 | 108 | |
| YTD Return | +19.51% | +17.85% | |
| 1Y Return | +30.68% | +26.45% | |
| 3Y Return (annualized) | +15.63% | +26.07% | |
| 5Y Return (annualized) | +10.18% | +15.16% | |
| Volatility (annualized) | 13.5% | 30.6% | |
| Max Drawdown | -15.6% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 2, 2020 | Mar 10, 1999 |
FBCV vs QQQ Performance
Fidelity Blue Chip Value ETF (FBCV) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FBCV returned +30.68% while QQQ returned +26.45%. Year to date, FBCV is up 19.51% versus a gain of 17.85% for QQQ.
Over three years, FBCV compounded at +15.63% per year against +26.07% for QQQ; over five years the annualized figures are +10.18% and +15.16% respectively. Across the full 6-year window we track, FBCV has the edge at +14.35% annualized vs +13.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.5% for FBCV. 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 -15.6% for FBCV and -83.0% for QQQ. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FBCV charges 0.57% per year while QQQ charges 0.18%. On a $10,000 position that is $57 vs $18 annually, a gap of $39 per year that compounds over a long holding period. On income, FBCV currently yields 1.32% against 0.41% for QQQ.
Holdings Overlap
FBCV and QQQ share 14 holdings out of 201 unique holdings combined, representing a 14.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FBCV or QQQ?
FBCV has an expense ratio of 0.57% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, FBCV or QQQ?
Over the past year FBCV returned +30.68% vs +26.45% for QQQ, so FBCV leads on 1-year performance. Over the longest common window we track (6 years), FBCV annualized +14.35% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, FBCV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.5% for FBCV. Worst drawdown: FBCV -15.6% vs QQQ -83.0%.
Should I hold both FBCV and QQQ?
FBCV and QQQ have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBCV and QQQ?
FBCV and QQQ share 14 common holdings with a 14.8% weight overlap. Combined, they hold 201 unique securities.
Which pays a higher dividend, FBCV or QQQ?
FBCV yields 1.32% while QQQ yields 0.41%, so FBCV currently pays the higher dividend yield.
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