FCPI vs QQQ
Fidelity Stocks for Inflation ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
FCPI has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FCPI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.18% | |
| AUM | $270M | $496.3B | |
| Dividend Yield | 1.60% | 0.44% | |
| Holdings | 105 | 108 | |
| YTD Return | +15.14% | +16.64% | |
| 1Y Return | +20.86% | +27.27% | |
| 3Y Return (annualized) | +21.76% | +25.96% | |
| 5Y Return (annualized) | +14.62% | +14.54% | |
| Volatility (annualized) | 17.0% | 30.6% | |
| Max Drawdown | -37.3% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 5, 2019 | Mar 10, 1999 |
FCPI vs QQQ Performance
Fidelity Stocks for Inflation ETF (FCPI) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FCPI returned +20.86% while QQQ returned +27.27%. Year to date, FCPI is up 15.14% versus a gain of 16.64% for QQQ.
Over three years, FCPI compounded at +21.76% per year against +25.96% for QQQ; over five years the annualized figures are +14.62% and +14.54% respectively. Across the full 7-year window we track, FCPI has the edge at +14.60% annualized vs +13.03%. 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 17.0% 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 -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 0.77. 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 1.60% against 0.44% for QQQ.
Holdings Overlap
FCPI and QQQ share 26 holdings out of 176 unique holdings combined, representing a 33.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $3 per year of difference.
Which performed better, FCPI or QQQ?
Over the past year FCPI returned +20.86% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), FCPI annualized +14.60% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, FCPI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.0% for FCPI. Worst drawdown: FCPI -37.3% vs QQQ -83.0%.
Should I hold both FCPI and QQQ?
FCPI and QQQ have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FCPI and QQQ?
FCPI and QQQ share 26 common holdings with a 33.4% weight overlap. Combined, they hold 176 unique securities.
Which pays a higher dividend, FCPI or QQQ?
FCPI yields 1.60% while QQQ yields 0.44%, so FCPI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.