FBOT vs QQQ
Fidelity Disruptive Automation ETF vs Invesco QQQ Trust, Series 1
Which is better, FBOT or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. FBOT led over 1Y, QQQ over 3Y and the full window. FBOT is less concentrated, with 41.8% 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 | FBOT | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $210M | $486.1B |
| Dividend Yield | 0.44% | 0.44% |
| Holdings | 53 | 107 |
| YTD Return | +16.81% | +17.54%Best |
| 1Y Return | +26.06%Best | +25.59% |
| 3Y Return (annualized) | +19.33% | +24.63%Best |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 19.1% | 17.2%Best |
| Max Drawdown | -23.6% | -22.8%Best |
| $10,000 over 3.2 years | $15,614 | $20,183Best |
| Top 10 Weight | 41.8%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Feb 13, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jun 12, 2023 to Sep 4, 2026 (3.2 years).
FBOT 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 3.2 years both funds cover.
FBOT vs QQQ Performance
Fidelity Disruptive Automation ETF (FBOT) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FBOT returned +26.06% while QQQ returned +25.59%. Year to date, FBOT is up 16.81% versus a gain of 17.54% for QQQ.
Over three years, FBOT compounded at +19.33% per year against +24.63% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBOT has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 17.2% for QQQ. 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 -22.8% 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 0.85. 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 0.44% against 0.44% for QQQ.
Holdings Overlap
29.7% of FBOT's money is in holdings QQQ also owns. 28.0% of QQQ's money is in holdings FBOT also owns.
FBOT and QQQ share little of their money.
12 positions in common, counted across the 51 positions we hold weights for in FBOT and 102 in QQQ, against full books of 53 and 107.
What only one of them owns
Our book lists 84 positions for QQQ that do not appear in our book for FBOT (69.6% of the fund), and 13 for FBOT that do not appear in QQQ (21.0%).
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 FBOT | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 4.80% | 8.44% | 3.64% |
| AMZNAmazon.Com Inc | 2.23% | 4.67% | 2.44% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.12% | 5.76% | 4.64% |
| TERTeradyne Inc - Common | 6.08% | 0.27% | 5.81% |
| GOOGAlphabet Inc. C | 2.98% | 3.13% | 0.15% |
| PLTRPalantir Technologies Inc | 3.15% | 1.60% | 1.55% |
| AXONAxon Enterprise Inc | 3.98% | 0.22% | 3.76% |
| TSLATesla Motors Inc | 1.35% | 2.56% | 1.21% |
| SNPSSynopsys | 1.26% | 0.34% | 0.92% |
| RKLBRocket Lab Corporation | 1.12% | 0.19% | 0.93% |
29.7% of FBOT is already inside QQQ.
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, FBOT or QQQ?
FBOT has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, FBOT or QQQ?
Over the past year FBOT returned +26.06% vs +25.59% for QQQ, so FBOT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FBOT or QQQ?
FBOT has been the more volatile fund at 19.1% annualized versus 17.2% for QQQ. Worst drawdown: FBOT -23.6% vs QQQ -22.8%.
Should I hold both FBOT and QQQ?
FBOT and QQQ have a monthly-return correlation of 0.85, 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 FBOT and QQQ?
29.7% of FBOT's money is in holdings QQQ also owns. 28.0% of QQQ's is in holdings FBOT also owns. They hold 12 positions in common, counted across the 51 positions we hold weights for in FBOT and 102 in QQQ.
Which pays a higher dividend, FBOT or QQQ?
FBOT yields 0.44% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FBOT?
QQQ has a lower expense ratio. FBOT led over 1Y, QQQ over 3Y and the full window. FBOT is less concentrated, with 41.8% 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.