FBCV vs QQQ
Fidelity Blue Chip Value ETF vs Invesco QQQ Trust, Series 1
Which is better, FBCV or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. FBCV led over 1Y, QQQ over 3Y, 5Y and the full window. FBCV is less concentrated, with 29.7% of the fund in its ten largest positions against 46.5%.
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 | FBCV | QQQ |
|---|---|---|
| Expense Ratio | 0.57% | 0.18%Best |
| AUM | $177M | $486.1B |
| Dividend Yield | 1.27% | 0.44% |
| Holdings | 127 | 107 |
| YTD Return | +20.72%Best | +17.54% |
| 1Y Return | +26.96%Best | +25.59% |
| 3Y Return (annualized) | +16.91% | +24.63%Best |
| 5Y Return (annualized) | +10.32% | +14.18%Best |
| Volatility (annualized) | 13.5%Best | 20.4% |
| Max Drawdown | -15.6%Best | -35.1% |
| $10,000 over 5 years | $16,341 | $19,407Best |
| Top 10 Weight | 29.7%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Jun 2, 2020 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jun 4, 2020 to Sep 4, 2026 (6.3 years).
FBCV vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.3 years both funds cover.
FBCV vs QQQ Performance
Fidelity Blue Chip Value ETF (FBCV) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FBCV returned +26.96% while QQQ returned +25.59%. Year to date, FBCV is up 20.72% versus a gain of 17.54% for QQQ.
Over three years, FBCV compounded at +16.91% per year against +24.63% for QQQ; over five years the annualized figures are +10.32% and +14.18% respectively. Across the full 6-year window we track, QQQ has the edge at +20.21% annualized vs +14.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.4% 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 -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.56. They move together some of the time, and apart the rest.
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 1.27% against 0.44% for QQQ.
Holdings Overlap
25.7% of FBCV's money is in holdings QQQ also owns. 41.3% of QQQ's money is in holdings FBCV also owns.
The two portfolios partly overlap.
18 positions in common, counted across the 125 positions we hold weights for in FBCV and 102 in QQQ, against full books of 127 and 107.
What only one of them owns
Our book lists 78 positions for QQQ that do not appear in our book for FBCV (56.2% of the fund), and 88 for FBCV that do not appear in QQQ (66.0%).
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 FBCV | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 3.96% | 7.27% | 3.31% |
| AMZNAmazon.Com Inc | 6.51% | 4.67% | 1.84% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 2.74% | 5.76% | 3.02% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.68% | 2.10% | 0.58% |
| MUMicron Technology, Inc. | 0.00% | 4.43% | 4.43% |
| GOOGLAlphabet Inc.Class A | 0.97% | 3.36% | 2.39% |
| INTCIntel Corporation | 1.05% | 2.23% | 1.18% |
| GOOGAlphabet Inc. C | 0.00% | 3.13% | 3.13% |
| METAMeta Platform Inc | 0.00% | 2.78% | 2.78% |
| AMATApplied Materials, Inc. | 0.73% | 1.86% | 1.13% |
41.3% of QQQ is already inside FBCV.
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, FBCV or QQQ?
FBCV has an expense ratio of 0.57% while QQQ charges 0.18%. QQQ is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, FBCV or QQQ?
Over the past year FBCV returned +26.96% vs +25.59% for QQQ, so FBCV leads on 1-year performance. Over the longest common window we track (6 years), FBCV annualized +14.36% vs +20.21% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FBCV or QQQ?
QQQ has been the more volatile fund at 20.4% annualized versus 13.5% for FBCV. Worst drawdown: FBCV -15.6% vs QQQ -35.1%.
Should I hold both FBCV and QQQ?
FBCV and QQQ have a monthly-return correlation of 0.56, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FBCV and QQQ?
41.3% of QQQ's money is in holdings FBCV also owns. 41.3% of QQQ's is in holdings FBCV also owns. They hold 18 positions in common, counted across the 125 positions we hold weights for in FBCV and 102 in QQQ.
Which pays a higher dividend, FBCV or QQQ?
FBCV yields 1.27% while QQQ yields 0.44%, so FBCV currently pays the higher dividend yield.
Is QQQ better than FBCV?
QQQ has a lower expense ratio. FBCV led over 1Y, QQQ over 3Y, 5Y and the full window. FBCV is less concentrated, with 29.7% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.