FCLD vs QQQ
Fidelity Cloud Computing ETF vs Invesco QQQ Trust, Series 1
Which is better, FCLD or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. FCLD led over 1Y and 3Y, QQQ over 5Y and the full window. FCLD is less concentrated, with 41.3% 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 | FCLD | QQQ |
|---|---|---|
| Expense Ratio | 0.39% | 0.18%Best |
| AUM | $115M | $486.1B |
| Dividend Yield | 0.01% | 0.44% |
| Holdings | 63 | 107 |
| YTD Return | +52.33%Best | +17.54% |
| 1Y Return | +59.41%Best | +25.59% |
| 3Y Return (annualized) | +30.57%Best | +24.63% |
| 5Y Return (annualized) | +12.23% | +14.18%Best |
| Volatility (annualized) | 27.0% | 20.8%Best |
| Max Drawdown | -50.9% | -35.1%Best |
| $10,000 over 5 years | $17,805 | $19,407Best |
| Top 10 Weight | 41.3%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Oct 5, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Oct 7, 2021 to Sep 4, 2026 (4.9 years).
FCLD 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 4.9 years both funds cover.
FCLD vs QQQ Performance
Fidelity Cloud Computing ETF (FCLD) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FCLD returned +59.41% while QQQ returned +25.59%. Year to date, FCLD is up 52.33% versus a gain of 17.54% for QQQ.
Over three years, FCLD compounded at +30.57% per year against +24.63% for QQQ; over five years the annualized figures are +12.23% and +14.18% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FCLD has been the more volatile fund, with annualized monthly volatility of 27.0% compared with 20.8% 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 -50.9% for FCLD 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 0.81. 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
30.5% of FCLD's money is in holdings QQQ also owns. 14.2% of QQQ's money is in holdings FCLD also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 52 positions we hold weights for in FCLD and 102 in QQQ, against full books of 63 and 107.
What only one of them owns
Our book lists 85 positions for QQQ that do not appear in our book for FCLD (82.6% of the fund), and 36 for FCLD that do not appear in QQQ (65.8%).
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 FCLD | Weight in QQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.05% | 5.76% | 0.71% |
| AMZNAmazon.Com Inc | 2.21% | 4.67% | 2.46% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 4.41% | 0.79% | 3.62% |
| STXSeagate Technology Holdings Plc | 4.30% | 0.83% | 3.47% |
| DDOGDatadog Inc. Class A | 3.90% | 0.41% | 3.49% |
| SNDKSandisk Corp | 3.21% | 0.88% | 2.33% |
| APPAppLovin Corp. Com Cl A | 3.25% | 0.56% | 2.69% |
| WDAYWorkday Inc | 2.67% | 0.15% | 2.52% |
| CRWVCoreweave Inc Class A | 1.53% | 0.18% | 1.35% |
30.5% of FCLD 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, FCLD or QQQ?
FCLD has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, FCLD or QQQ?
Over the past year FCLD returned +59.41% vs +25.59% for QQQ, so FCLD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FCLD or QQQ?
FCLD has been the more volatile fund at 27.0% annualized versus 20.8% for QQQ. Worst drawdown: FCLD -50.9% vs QQQ -35.1%.
Should I hold both FCLD and QQQ?
FCLD and QQQ have a monthly-return correlation of 0.81, 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 FCLD and QQQ?
30.5% of FCLD's money is in holdings QQQ also owns. 14.2% of QQQ's is in holdings FCLD also owns. They hold 9 positions in common, counted across the 52 positions we hold weights for in FCLD and 102 in QQQ.
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.
Is QQQ better than FCLD?
QQQ has a lower expense ratio. FCLD led over 1Y and 3Y, QQQ over 5Y and the full window. FCLD is less concentrated, with 41.3% 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.