FBOT vs QQQ
Fidelity Disruptive Automation ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FBOT delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FBOT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $217M | $455.8B | |
| Dividend Yield | 0.42% | 0.41% | |
| Holdings | 53 | 108 | |
| YTD Return | +18.90% | +17.85% | |
| 1Y Return | +27.22% | +26.45% | |
| 3Y Return (annualized) | +20.52% | +26.07% | |
| 5Y Return (annualized) | - | +15.16% | |
| Volatility (annualized) | 19.4% | 30.6% | |
| Max Drawdown | -23.6% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 13, 2023 | Mar 10, 1999 |
FBOT vs QQQ Performance
Fidelity Disruptive Automation ETF (FBOT) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FBOT returned +27.22% while QQQ returned +26.45%. Year to date, FBOT is up 18.90% versus a gain of 17.85% for QQQ.
Over three years, FBOT compounded at +20.52% per year against +26.07% for QQQ. Across the full 3-year window we track, FBOT has the edge at +15.94% 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 19.4% for FBOT. 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 -23.6% for FBOT 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FBOT charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, FBOT currently yields 0.42% against 0.41% for QQQ.
Holdings Overlap
FBOT and QQQ share 12 holdings out of 141 unique holdings combined, representing a 15.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FBOT or QQQ?
FBOT has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, FBOT or QQQ?
Over the past year FBOT returned +27.22% vs +26.45% for QQQ, so FBOT leads on 1-year performance. Over the longest common window we track (3 years), FBOT annualized +15.94% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, FBOT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.4% for FBOT. Worst drawdown: FBOT -23.6% vs QQQ -83.0%.
Should I hold both FBOT and QQQ?
FBOT and QQQ have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBOT and QQQ?
FBOT and QQQ share 12 common holdings with a 15.8% weight overlap. Combined, they hold 141 unique securities.
Which pays a higher dividend, FBOT or QQQ?
FBOT yields 0.42% while QQQ yields 0.41%, so FBOT currently pays the higher dividend yield.
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