FBUF vs QQQ
Fidelity Dynamic Buffered Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, FBUF or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FBUF is less concentrated, with 38.9% 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 | FBUF | QQQ |
|---|---|---|
| Expense Ratio | 0.48% | 0.18%Best |
| AUM | $24M | $483.5B |
| Dividend Yield | 0.57% | 0.44% |
| Holdings | 179 | 107 |
| YTD Return | +7.59% | +15.18%Best |
| 1Y Return | +12.19% | +19.65%Best |
| 3Y Return (annualized) | - | +24.60% |
| 5Y Return (annualized) | - | +13.94% |
| Volatility (annualized) | 6.8%Best | 17.6% |
| Max Drawdown | -11.1%Best | -22.8% |
| $10,000 over 2.4 years | $13,395 | $15,924Best |
| Top 10 Weight | 38.9%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Apr 9, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Apr 11, 2024 to Sep 15, 2026 (2.4 years).
FBUF 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 2.4 years both funds cover.
FBUF vs QQQ Performance
Fidelity Dynamic Buffered Equity ETF (FBUF) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FBUF returned +12.19% while QQQ returned +19.65%. Year to date, FBUF is up 7.59% versus a gain of 15.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 6.8% for FBUF. 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 -11.1% for FBUF 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FBUF charges 0.48% per year while QQQ charges 0.18%. On a $10,000 position that is $48 vs $18 annually, a gap of $30 per year that compounds over a long holding period. On income, FBUF currently yields 0.57% against 0.44% for QQQ.
Holdings Overlap
52.0% of FBUF's money is in holdings QQQ also owns. 74.8% of QQQ's money is in holdings FBUF also owns.
Most of QQQ is already inside FBUF. Owning both mostly buys the same companies twice.
39 positions in common, counted across the 170 positions we hold weights for in FBUF and 102 in QQQ, against full books of 179 and 107.
What only one of them owns
Our book lists 57 positions for QQQ that do not appear in our book for FBUF (22.7% of the fund), and 122 for FBUF that do not appear in QQQ (45.2%).
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 FBUF | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.37% | 8.44% | 0.07% |
| AAPLApple, Inc | 7.35% | 7.27% | 0.08% |
| MSFTMicrosoft Corp | 5.11% | 5.76% | 0.65% |
| AMZNAmazon.Com Inc | 4.05% | 4.67% | 0.62% |
| GOOGLAlphabet Inc,class A | 3.18% | 3.36% | 0.18% |
| MUMicron Technology, Inc. | 1.65% | 4.43% | 2.78% |
| AVGOBroadcom Inc | 2.75% | 3.16% | 0.41% |
| GOOGAlphabet Inc | 2.11% | 3.13% | 1.02% |
| METAMeta Platforms Inc | 2.07% | 2.78% | 0.71% |
| AMDAdvanced Micro Devices Inc | 0.63% | 3.45% | 2.82% |
74.8% of QQQ is already inside FBUF.
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, FBUF or QQQ?
FBUF has an expense ratio of 0.48% while QQQ charges 0.18%. QQQ is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, FBUF or QQQ?
Over the past year FBUF returned +12.19% vs +19.65% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FBUF annualized +12.95% vs +21.39% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FBUF or QQQ?
QQQ has been the more volatile fund at 17.6% annualized versus 6.8% for FBUF. Worst drawdown: FBUF -11.1% vs QQQ -22.8%.
Should I hold both FBUF and QQQ?
FBUF and QQQ have a monthly-return correlation of 0.78, 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 FBUF and QQQ?
74.8% of QQQ's money is in holdings FBUF also owns. 74.8% of QQQ's is in holdings FBUF also owns. They hold 39 positions in common, counted across the 170 positions we hold weights for in FBUF and 102 in QQQ.
Which pays a higher dividend, FBUF or QQQ?
FBUF yields 0.57% while QQQ yields 0.44%, so FBUF currently pays the higher dividend yield.
Is QQQ better than FBUF?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FBUF is less concentrated, with 38.9% 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.