FCLD vs QQQ
Fidelity Cloud Computing ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FCLD delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FCLD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.18% | |
| AUM | $115M | $496.3B | |
| Dividend Yield | 0.01% | 0.44% | |
| Holdings | 63 | 108 | |
| YTD Return | +48.39% | +17.30% | |
| 1Y Return | +60.67% | +24.93% | |
| 3Y Return (annualized) | +32.12% | +26.19% | |
| 5Y Return (annualized) | - | +15.34% | |
| Volatility (annualized) | 26.9% | 30.6% | |
| Max Drawdown | -50.9% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 5, 2021 | Mar 10, 1999 |
FCLD vs QQQ Performance
Fidelity Cloud Computing ETF (FCLD) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FCLD returned +60.67% while QQQ returned +24.93%. Year to date, FCLD is up 48.39% versus a gain of 17.30% for QQQ.
Over three years, FCLD compounded at +32.12% per year against +26.19% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.06% annualized vs +11.75%. 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 26.9% for FCLD. 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 -50.9% for FCLD 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FCLD charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, FCLD currently yields 0.01% against 0.44% for QQQ.
Holdings Overlap
FCLD and QQQ share 9 holdings out of 144 unique holdings combined, representing a 9.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FCLD or QQQ?
FCLD has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, FCLD or QQQ?
Over the past year FCLD returned +60.67% vs +24.93% for QQQ, so FCLD leads on 1-year performance. Over the longest common window we track (5 years), FCLD annualized +11.75% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, FCLD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 26.9% for FCLD. Worst drawdown: FCLD -50.9% vs QQQ -83.0%.
Should I hold both FCLD and QQQ?
FCLD and QQQ have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FCLD and QQQ?
FCLD and QQQ share 9 common holdings with a 9.9% weight overlap. Combined, they hold 144 unique securities.
Which pays a higher dividend, FCLD or QQQ?
FCLD yields 0.01% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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