FCOR vs QQQ
Fidelity Corporate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FCOR | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.18% | |
| AUM | $353M | $455.8B | |
| Dividend Yield | 4.98% | 0.41% | |
| Holdings | 537 | 108 | |
| YTD Return | -0.59% | +17.85% | |
| 1Y Return | +1.89% | +26.45% | |
| 3Y Return (annualized) | +5.55% | +26.07% | |
| 5Y Return (annualized) | +0.15% | +15.16% | |
| Volatility (annualized) | 6.9% | 30.6% | |
| Max Drawdown | -22.6% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 6, 2014 | Mar 10, 1999 |
FCOR vs QQQ Performance
Fidelity Corporate Bond ETF (FCOR) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FCOR returned +1.89% while QQQ returned +26.45%. Year to date, FCOR is down 0.59% versus a gain of 17.85% for QQQ.
Over three years, FCOR compounded at +5.55% per year against +26.07% for QQQ; over five years the annualized figures are +0.15% and +15.16% respectively. Across the full 12-year window we track, QQQ has the edge at +13.09% annualized vs +1.05%. 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 6.9% for FCOR. 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 -22.6% for FCOR 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FCOR charges 0.36% per year while QQQ charges 0.18%. On a $10,000 position that is $36 vs $18 annually, a gap of $18 per year that compounds over a long holding period. On income, FCOR currently yields 4.98% against 0.41% for QQQ.
Holdings Overlap
FCOR and QQQ share 0 holdings out of 107 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FCOR or QQQ?
FCOR has an expense ratio of 0.36% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, FCOR or QQQ?
Over the past year FCOR returned +1.89% vs +26.45% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (12 years), FCOR annualized +1.05% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, FCOR or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 6.9% for FCOR. Worst drawdown: FCOR -22.6% vs QQQ -83.0%.
Should I hold both FCOR and QQQ?
FCOR and QQQ have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FCOR and QQQ?
FCOR and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, FCOR or QQQ?
FCOR yields 4.98% while QQQ yields 0.41%, so FCOR currently pays the higher dividend yield.
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