FDIS vs QQQ
Fidelity MSCI Consumer Discretionary Index ETF vs Invesco QQQ Trust, Series 1
Which is better, FDIS or QQQ?
QQQ has been ahead.
FDIS has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 56.6%.
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 | FDIS | QQQ |
|---|---|---|
| Expense Ratio | 0.08%Best | 0.18% |
| AUM | $1.7B | $498.6B |
| Dividend Yield | 0.73% | 0.42% |
| Holdings | 478 | 321 |
| YTD Return | -5.00% | +22.67%Best |
| 1Y Return | -5.97% | +24.33%Best |
| 3Y Return (annualized) | +13.05% | +29.05%Best |
| 5Y Return (annualized) | +4.55% | +17.00%Best |
| Volatility (annualized) | 19.7% | 18.0%Best |
| Max Drawdown | -39.2% | -35.1%Best |
| $10,000 over 5 years | $12,492 | $21,924Best |
| Top 10 Weight | 56.6% | 47.2%Best |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Oct 21, 2013 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Oct 24, 2013 to Oct 2, 2026 (12.9 years).
FDIS 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 12.9 years both funds cover.
FDIS vs QQQ Performance
Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FDIS returned -5.97% while QQQ returned +24.33%. Year to date, FDIS is down 5.00% versus a gain of 22.67% for QQQ.
Over three years, FDIS compounded at +13.05% per year against +29.05% for QQQ; over five years the annualized figures are +4.55% and +17.00% respectively. Across the full 13-year window we track, QQQ has the edge at +18.92% annualized vs +11.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDIS has been the more volatile fund, with annualized monthly volatility of 19.7% compared with 18.0% for QQQ. 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 -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 0.87. 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 0.42% for QQQ.
Holdings Overlap
49.8% of FDIS's money is in holdings QQQ also owns. 10.6% of QQQ's money is in holdings FDIS also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 239 positions we hold weights for in FDIS and 102 in QQQ, against full books of 478 and 321.
What only one of them owns
Our book lists 86 positions for QQQ that do not appear in our book for FDIS (87.2% of the fund), and 223 for FDIS that do not appear in QQQ (49.3%).
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 FDIS | Weight in QQQ | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 22.80% | 4.41% | 18.39% |
| TSLATesla Inc | 15.79% | 2.92% | 12.87% |
| BKNGBooking Holdings, Inc. | 2.13% | 0.60% | 1.53% |
| SBUXStarbucks Corp | 1.77% | 0.50% | 1.27% |
| MELIMercadolibre Inc | 1.38% | 0.42% | 0.96% |
| DASHDoordash Inc - A | 1.23% | 0.37% | 0.86% |
| MARMarriott International, Inc. | 1.20% | 0.39% | 0.81% |
| ROSTRoss Stores, Inc. | 1.20% | 0.33% | 0.87% |
| ABNBAirbnb Inc | 1.17% | 0.31% | 0.86% |
| ORLYO'Eilly Automotive, Inc. | 1.16% | 0.31% | 0.85% |
49.8% of FDIS is already inside QQQ.
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, FDIS or QQQ?
FDIS has an expense ratio of 0.08% while QQQ charges 0.18%. FDIS is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, FDIS or QQQ?
Over the past year FDIS returned -5.97% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (13 years), FDIS annualized +11.20% vs +18.92% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDIS or QQQ?
FDIS has been the more volatile fund at 19.7% annualized versus 18.0% for QQQ. Worst drawdown: FDIS -39.2% vs QQQ -35.1%.
Should I hold both FDIS and QQQ?
FDIS and QQQ have a monthly-return correlation of 0.87, 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 FDIS and QQQ?
49.8% of FDIS's money is in holdings QQQ also owns. 10.6% of QQQ's is in holdings FDIS also owns. They hold 10 positions in common, counted across the 239 positions we hold weights for in FDIS and 102 in QQQ.
Which pays a higher dividend, FDIS or QQQ?
FDIS yields 0.73% while QQQ yields 0.42%, so FDIS currently pays the higher dividend yield.
Is QQQ better than FDIS?
FDIS has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 56.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.