FDLXX vs QQQ
Fidelity Treasury Only Money Market Fund vs Invesco QQQ Trust, Series 1
Which is better, FDLXX or QQQ?
QQQ costs less.
QQQ has a lower expense ratio.
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 | FDLXX | QQQ |
|---|---|---|
| Expense Ratio | 0.42% | 0.18%Best |
| AUM | $13.6B | $498.6B |
| Dividend Yield | 3.42% | 0.42% |
| Holdings | 59 | 321 |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Money Market | Equity |
| Style | - | Large Cap Growth |
| Inception | Jan 5, 1988 | Mar 10, 1999 |
Not shown on this pair: YTD Price Return, 1Y Price Return, 3Y Price Return (annualized), 5Y Price Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
The two price series end 1653 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FDLXX has data through Mar 29, 2022 and QQQ through Oct 7, 2026.
Fees and Cost Over Time
FDLXX charges 0.42% per year while QQQ charges 0.18%. On a $10,000 position that is $42 vs $18 annually, a gap of $24 per year that compounds over a long holding period. On income, FDLXX currently yields 3.42% against 0.42% for QQQ.
Structure and taxes
FDLXX is a mutual fund and QQQ is an ETF. A mutual fund prices once a day at net asset value and may carry a purchase minimum. An ETF trades through the day at whatever the market pays for it.
In a taxable account the difference that usually matters is distributions. An ETF can meet redemptions in kind, so it rarely has to sell holdings and rarely passes a capital gain to the people who held it; a mutual fund that sells holdings to meet redemptions can distribute a realised gain at year end to everyone still in the fund, whether or not they sold anything themselves. In a tax-deferred account that difference largely disappears. Both are descriptions of how the two wrappers work, not a recommendation.
Tax-loss harvesting works on either wrapper.
Holdings Overlap
We hold position weights for 9 holdings in FDLXX and 102 in QQQ, totalling 7.3% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 9 positions we hold weights for in FDLXX and 102 in QQQ, against full books of 59 and 321.
You are not choosing between two funds in isolation.
Whichever of FDLXX 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, FDLXX or QQQ?
FDLXX has an expense ratio of 0.42% while QQQ charges 0.18%. QQQ is the cheaper option, by $24 a year on a $10,000 investment.
Which pays a higher dividend, FDLXX or QQQ?
FDLXX yields 3.42% while QQQ yields 0.42%, so FDLXX currently pays the higher dividend yield.
Is it better to hold FDLXX or QQQ in a taxable account?
QQQ is an ETF and FDLXX is a mutual fund. An ETF can meet redemptions in kind, so it rarely distributes a capital gain to the people holding it. A mutual fund that sells holdings to meet redemptions can pass a realised gain to every holder at year end. In a tax-deferred account that difference largely disappears. This is information, not a recommendation.
Is QQQ better than FDLXX?
QQQ has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.