FDLS vs QQQ
Inspire Fidelis Multi Factor ETF vs Invesco QQQ Trust, Series 1
Which is better, FDLS or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. FDLS led over 1Y, QQQ over 3Y and the full window. FDLS is less concentrated, with 13.6% 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 | FDLS | QQQ |
|---|---|---|
| Expense Ratio | 0.66% | 0.18%Best |
| AUM | $250M | $486.1B |
| Dividend Yield | 0.80% | 0.44% |
| Holdings | 102 | 107 |
| YTD Return | +21.46%Best | +17.54% |
| 1Y Return | +27.98%Best | +25.59% |
| 3Y Return (annualized) | +19.81% | +24.63%Best |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 18.4%Best | 18.9% |
| Max Drawdown | -23.3% | -22.8%Best |
| $10,000 over 4 years | $18,977 | $23,241Best |
| Top 10 Weight | 13.6%Best | 46.5% |
| Fund Family | Inspire ETFs | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Aug 23, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Aug 24, 2022 to Sep 4, 2026 (4 years).
FDLS 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 4 years both funds cover.
FDLS vs QQQ Performance
Inspire Fidelis Multi Factor ETF (FDLS) is an ETF from Inspire ETFs and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FDLS returned +27.98% while QQQ returned +25.59%. Year to date, FDLS is up 21.46% versus a gain of 17.54% for QQQ.
Over three years, FDLS compounded at +19.81% per year against +24.63% for QQQ. Across the full 4-year window we track, QQQ has the edge at +23.47% annualized vs +17.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 18.4% for FDLS. 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 -23.3% for FDLS and -22.8% 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 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FDLS charges 0.66% per year while QQQ charges 0.18%. On a $10,000 position that is $66 vs $18 annually, a gap of $48 per year that compounds over a long holding period. On income, FDLS currently yields 0.80% against 0.44% for QQQ.
Holdings Overlap
0.9% of FDLS's money is in holdings QQQ also owns. 3.2% of QQQ's money is in holdings FDLS also owns.
QQQ and FDLS share little of their money.
1 positions in common, counted across the 101 positions we hold weights for in FDLS and 102 in QQQ, against full books of 102 and 107.
What only one of them owns
Our book lists 93 positions for QQQ that do not appear in our book for FDLS (93.7% of the fund), and 84 for FDLS that do not appear in QQQ (83.4%).
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 FDLS | Weight in QQQ | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 0.89% | 3.16% | 2.27% |
You are not choosing between two funds in isolation.
Whichever of FDLS and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FDLS or QQQ?
FDLS has an expense ratio of 0.66% while QQQ charges 0.18%. QQQ is the cheaper option, by $48 a year on a $10,000 investment.
Which performed better, FDLS or QQQ?
Over the past year FDLS returned +27.98% vs +25.59% for QQQ, so FDLS leads on 1-year performance. Over the longest common window we track (4 years), FDLS annualized +17.37% vs +23.47% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDLS or QQQ?
QQQ has been the more volatile fund at 18.9% annualized versus 18.4% for FDLS. Worst drawdown: FDLS -23.3% vs QQQ -22.8%.
Should I hold both FDLS and QQQ?
FDLS and QQQ have a monthly-return correlation of 0.61, 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 FDLS and QQQ?
3.2% of QQQ's money is in holdings FDLS also owns. 3.2% of QQQ's is in holdings FDLS also owns. They hold 1 positions in common, counted across the 101 positions we hold weights for in FDLS and 102 in QQQ.
Which pays a higher dividend, FDLS or QQQ?
FDLS yields 0.80% while QQQ yields 0.44%, so FDLS currently pays the higher dividend yield.
Is QQQ better than FDLS?
QQQ has a lower expense ratio. FDLS led over 1Y, QQQ over 3Y and the full window. FDLS is less concentrated, with 13.6% 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.