FDEV vs QQQ
Fidelity International Multifactor ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. FDEV offers more diversification with 212 holdings.
Side-by-Side Comparison
| Metric | FDEV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.18% | |
| AUM | $283M | $496.3B | |
| Dividend Yield | 2.94% | 0.44% | |
| Holdings | 212 | 108 | |
| YTD Return | +8.78% | +19.52% | |
| 1Y Return | +15.91% | +26.68% | |
| 3Y Return (annualized) | +16.60% | +26.64% | |
| 5Y Return (annualized) | +7.36% | +15.36% | |
| Volatility (annualized) | 13.9% | 30.6% | |
| Max Drawdown | -30.1% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2019 | Mar 10, 1999 |
FDEV vs QQQ Performance
Fidelity International Multifactor ETF (FDEV) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FDEV returned +15.91% while QQQ returned +26.68%. Year to date, FDEV is up 8.78% versus a gain of 19.52% for QQQ.
Over three years, FDEV compounded at +16.60% per year against +26.64% for QQQ; over five years the annualized figures are +7.36% and +15.36% respectively. Across the full 8-year window we track, QQQ has the edge at +13.14% annualized vs +8.41%. 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 13.9% for FDEV. 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 -30.1% for FDEV 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FDEV charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, FDEV currently yields 2.94% against 0.44% for QQQ.
Holdings Overlap
FDEV and QQQ share 1 holdings out of 301 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FDEV | Weight in QQQ | Difference |
|---|---|---|---|
| TRI:CA | 0.49% | 0.17% | 0.32% |
Frequently Asked Questions
Which is cheaper, FDEV or QQQ?
FDEV has an expense ratio of 0.18% while QQQ charges 0.18%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, FDEV or QQQ?
Over the past year FDEV returned +15.91% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), FDEV annualized +8.41% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, FDEV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.9% for FDEV. Worst drawdown: FDEV -30.1% vs QQQ -83.0%.
Should I hold both FDEV and QQQ?
FDEV and QQQ have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDEV and QQQ?
FDEV and QQQ share 1 common holdings with a 0.2% weight overlap. Combined, they hold 301 unique securities.
Which pays a higher dividend, FDEV or QQQ?
FDEV yields 2.94% while QQQ yields 0.44%, so FDEV currently pays the higher dividend yield.
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