FDLS vs QQQ
Inspire Fidelis Multi Factor ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FDLS delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FDLS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.18% | |
| AUM | $244M | $496.3B | |
| Dividend Yield | 0.80% | 0.44% | |
| Holdings | 101 | 108 | |
| YTD Return | +21.24% | +17.30% | |
| 1Y Return | +32.28% | +24.93% | |
| 3Y Return (annualized) | +20.33% | +26.19% | |
| 5Y Return (annualized) | - | +15.34% | |
| Volatility (annualized) | 18.6% | 30.6% | |
| Max Drawdown | -23.3% | -83.0% | |
| Fund Family | Inspire ETFs | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 23, 2022 | Mar 10, 1999 |
FDLS vs QQQ Performance
Inspire Fidelis Multi Factor ETF (FDLS) is a ETF from Inspire ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FDLS returned +32.28% while QQQ returned +24.93%. Year to date, FDLS is up 21.24% versus a gain of 17.30% for QQQ.
Over three years, FDLS compounded at +20.33% per year against +26.19% for QQQ. Across the full 4-year window we track, FDLS has the edge at +17.53% annualized vs +13.06%. 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 18.6% 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 -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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FDLS charges 0.69% per year while QQQ charges 0.18%. On a $10,000 position that is $69 vs $18 annually, a gap of $51 per year that compounds over a long holding period. On income, FDLS currently yields 0.80% against 0.44% for QQQ.
Holdings Overlap
FDLS and QQQ share 1 holdings out of 202 unique holdings combined, representing a 0.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FDLS | Weight in QQQ | Difference |
|---|---|---|---|
| AVGO | 0.90% | 3.16% | 2.26% |
Frequently Asked Questions
Which is cheaper, FDLS or QQQ?
FDLS has an expense ratio of 0.69% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, FDLS or QQQ?
Over the past year FDLS returned +32.28% vs +24.93% for QQQ, so FDLS leads on 1-year performance. Over the longest common window we track (4 years), FDLS annualized +17.53% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, FDLS or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.6% for FDLS. Worst drawdown: FDLS -23.3% vs QQQ -83.0%.
Should I hold both FDLS and QQQ?
FDLS and QQQ have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDLS and QQQ?
FDLS and QQQ share 1 common holdings with a 0.9% weight overlap. Combined, they hold 202 unique securities.
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.
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