FDIS vs QQQ
Fidelity MSCI Consumer Discretionary Index ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
FDIS has a lower expense ratio. QQQ delivered stronger 1-year returns. FDIS offers more diversification with 249 holdings.
Side-by-Side Comparison
| Metric | FDIS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.18% | |
| AUM | $1.7B | $496.3B | |
| Dividend Yield | 0.73% | 0.44% | |
| Holdings | 249 | 108 | |
| YTD Return | +0.71% | +16.23% | |
| 1Y Return | +4.63% | +26.23% | |
| 3Y Return (annualized) | +13.30% | +25.75% | |
| 5Y Return (annualized) | +5.77% | +14.78% | |
| Volatility (annualized) | 19.7% | 30.6% | |
| Max Drawdown | -39.2% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 21, 2013 | Mar 10, 1999 |
FDIS vs QQQ Performance
Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FDIS returned +4.63% while QQQ returned +26.23%. Year to date, FDIS is up 0.71% versus a gain of 16.23% for QQQ.
Over three years, FDIS compounded at +13.30% per year against +25.75% for QQQ; over five years the annualized figures are +5.77% and +14.78% respectively. Across the full 13-year window we track, QQQ has the edge at +13.02% annualized vs +11.81%. 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 19.7% for FDIS. 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 -39.2% for FDIS 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDIS charges 0.08% per year while QQQ charges 0.18%. On a $10,000 position that is $8 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, FDIS currently yields 0.73% against 0.44% for QQQ.
Holdings Overlap
FDIS and QQQ share 10 holdings out of 335 unique holdings combined, representing a 10.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDIS or QQQ?
FDIS has an expense ratio of 0.08% while QQQ charges 0.18%. FDIS is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, FDIS or QQQ?
Over the past year FDIS returned +4.63% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (13 years), FDIS annualized +11.81% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, FDIS or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.7% for FDIS. Worst drawdown: FDIS -39.2% vs QQQ -83.0%.
Should I hold both FDIS and QQQ?
FDIS and QQQ have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDIS and QQQ?
FDIS and QQQ share 10 common holdings with a 10.7% weight overlap. Combined, they hold 335 unique securities.
Which pays a higher dividend, FDIS or QQQ?
FDIS yields 0.73% while QQQ yields 0.44%, so FDIS currently pays the higher dividend yield.
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