FCPI vs QQQ
Fidelity Stocks for Inflation ETF vs Invesco QQQ Trust, Series 1
Which is better, FCPI or QQQ?
Large Cap Blend against Large Cap Growth.
FCPI has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FCPI is less concentrated, with 39.4% 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 | FCPI | QQQ |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.18% |
| AUM | $270M | $483.5B |
| Dividend Yield | 1.54% | 0.44% |
| Holdings | 105 | 107 |
| YTD Return | +13.83% | +17.95%Best |
| 1Y Return | +14.60% | +21.77%Best |
| 3Y Return (annualized) | +21.05% | +25.63%Best |
| 5Y Return (annualized) | +14.80% | +15.24%Best |
| Volatility (annualized) | 16.9%Best | 20.8% |
| Max Drawdown | -37.3% | -35.1%Best |
| $10,000 over 5 years | $19,939 | $20,324Best |
| Top 10 Weight | 39.4%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Nov 5, 2019 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2019 to Sep 18, 2026 (6.9 years).
FCPI 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 6.9 years both funds cover.
FCPI vs QQQ Performance
Fidelity Stocks for Inflation ETF (FCPI) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FCPI returned +14.60% while QQQ returned +21.77%. Year to date, FCPI is up 13.83% versus a gain of 17.95% for QQQ.
Over three years, FCPI compounded at +21.05% per year against +25.63% for QQQ; over five years the annualized figures are +14.80% and +15.24% respectively. Across the full 7-year window we track, QQQ has the edge at +21.08% annualized vs +14.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 16.9% for FCPI. 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 -37.3% for FCPI 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FCPI charges 0.15% per year while QQQ charges 0.18%. On a $10,000 position that is $15 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, FCPI currently yields 1.54% against 0.44% for QQQ.
Holdings Overlap
33.8% of FCPI's money is in holdings QQQ also owns. 55.1% of QQQ's money is in holdings FCPI also owns.
The two portfolios partly overlap.
29 positions in common, counted across the 98 positions we hold weights for in FCPI and 102 in QQQ, against full books of 105 and 107.
What only one of them owns
Our book lists 67 positions for QQQ that do not appear in our book for FCPI (42.4% of the fund), and 67 for FCPI that do not appear in QQQ (64.2%).
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 FCPI | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.33% | 8.44% | 2.11% |
| AAPLApple, Inc | 5.66% | 7.27% | 1.61% |
| MSFTMicrosoft Corp | 4.63% | 5.76% | 1.13% |
| MUMicron Technology, Inc. | 1.41% | 4.43% | 3.02% |
| GOOGLAlphabet Inc,class A | 2.29% | 3.36% | 1.07% |
| AVGOBroadcom Inc | 2.19% | 3.16% | 0.97% |
| AMDAdvanced Micro Devices Inc | 1.05% | 3.45% | 2.40% |
| METAMeta Platforms Inc | 0.83% | 2.78% | 1.95% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 2.10% | 1.44% |
| AMATApplied Materials, Inc. | 0.58% | 1.86% | 1.28% |
55.1% of QQQ is already inside FCPI.
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, FCPI or QQQ?
FCPI has an expense ratio of 0.15% while QQQ charges 0.18%. FCPI is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, FCPI or QQQ?
Over the past year FCPI returned +14.60% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), FCPI annualized +14.24% vs +21.08% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FCPI or QQQ?
QQQ has been the more volatile fund at 20.8% annualized versus 16.9% for FCPI. Worst drawdown: FCPI -37.3% vs QQQ -35.1%.
Should I hold both FCPI and QQQ?
FCPI 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 FCPI and QQQ?
55.1% of QQQ's money is in holdings FCPI also owns. 55.1% of QQQ's is in holdings FCPI also owns. They hold 29 positions in common, counted across the 98 positions we hold weights for in FCPI and 102 in QQQ.
Which pays a higher dividend, FCPI or QQQ?
FCPI yields 1.54% while QQQ yields 0.44%, so FCPI currently pays the higher dividend yield.
Is QQQ better than FCPI?
FCPI has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FCPI is less concentrated, with 39.4% 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.