FDRV vs QQQ
Fidelity Electric Vehicles and Future Transportation ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FDRV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.18% | |
| AUM | $26M | $496.3B | |
| Dividend Yield | 1.31% | 0.44% | |
| Holdings | 64 | 108 | |
| YTD Return | +5.19% | +17.30% | |
| 1Y Return | +10.74% | +24.93% | |
| 3Y Return (annualized) | -0.53% | +26.19% | |
| 5Y Return (annualized) | - | +15.34% | |
| Volatility (annualized) | 29.8% | 30.6% | |
| Max Drawdown | -63.9% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 5, 2021 | Mar 10, 1999 |
FDRV vs QQQ Performance
Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FDRV returned +10.74% while QQQ returned +24.93%. Year to date, FDRV is up 5.19% versus a gain of 17.30% for QQQ.
Over three years, FDRV compounded at -0.53% per year against +26.19% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.06% annualized vs -7.13%. 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 29.8% for FDRV. 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 -63.9% for FDRV 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDRV charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, FDRV currently yields 1.31% against 0.44% for QQQ.
Holdings Overlap
FDRV and QQQ share 3 holdings out of 150 unique holdings combined, representing a 3.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDRV or QQQ?
FDRV has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, FDRV or QQQ?
Over the past year FDRV returned +10.74% vs +24.93% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), FDRV annualized -7.13% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, FDRV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 29.8% for FDRV. Worst drawdown: FDRV -63.9% vs QQQ -83.0%.
Should I hold both FDRV and QQQ?
FDRV and QQQ have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDRV and QQQ?
FDRV and QQQ share 3 common holdings with a 3.3% weight overlap. Combined, they hold 150 unique securities.
Which pays a higher dividend, FDRV or QQQ?
FDRV yields 1.31% while QQQ yields 0.44%, so FDRV currently pays the higher dividend yield.
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