FDRV vs QQQ
Fidelity Electric Vehicles and Future Transportation ETF vs Invesco QQQ Trust, Series 1
Which is better, FDRV or QQQ?
All Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FDRV is less concentrated, with 41.9% 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 | FDRV | QQQ |
|---|---|---|
| Expense Ratio | 0.39% | 0.18%Best |
| AUM | $26M | $483.5B |
| Dividend Yield | 1.34% | 0.44% |
| Holdings | 64 | 107 |
| YTD Return | -2.74% | +21.16%Best |
| 1Y Return | -6.27% | +24.78%Best |
| 3Y Return (annualized) | -0.74% | +27.95%Best |
| 5Y Return (annualized) | -8.45% | +15.36%Best |
| Volatility (annualized) | 29.7% | 20.8%Best |
| Max Drawdown | -63.9% | -35.1%Best |
| $10,000 over 5 years | $6,431 | $20,430Best |
| Top 10 Weight | 41.9%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Growth |
| Inception | Oct 5, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Oct 7, 2021 to Sep 24, 2026 (5 years).
FDRV 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 5 years both funds cover.
FDRV vs QQQ Performance
Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FDRV returned -6.27% while QQQ returned +24.78%. Year to date, FDRV is down 2.74% versus a gain of 21.16% for QQQ.
Over three years, FDRV compounded at -0.74% per year against +27.95% for QQQ; over five years the annualized figures are -8.45% and +15.36% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDRV has been the more volatile fund, with annualized monthly volatility of 29.7% compared with 20.8% 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 -63.9% for FDRV 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 0.76. 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 1.34% against 0.44% for QQQ.
Holdings Overlap
8.8% of FDRV's money is in holdings QQQ also owns. 3.6% of QQQ's money is in holdings FDRV also owns.
FDRV and QQQ share little of their money.
3 positions in common, counted across the 50 positions we hold weights for in FDRV and 102 in QQQ, against full books of 64 and 107.
What only one of them owns
Our book lists 93 positions for QQQ that do not appear in our book for FDRV (93.9% of the fund), and 25 for FDRV that do not appear in QQQ (44.8%).
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.
You are not choosing between two funds in isolation.
Whichever of FDRV 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, FDRV or QQQ?
FDRV has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, FDRV or QQQ?
Over the past year FDRV returned -6.27% vs +24.78% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDRV or QQQ?
FDRV has been the more volatile fund at 29.7% annualized versus 20.8% for QQQ. Worst drawdown: FDRV -63.9% vs QQQ -35.1%.
Should I hold both FDRV and QQQ?
FDRV and QQQ have a monthly-return correlation of 0.76, 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 FDRV and QQQ?
8.8% of FDRV's money is in holdings QQQ also owns. 3.6% of QQQ's is in holdings FDRV also owns. They hold 3 positions in common, counted across the 50 positions we hold weights for in FDRV and 102 in QQQ.
Which pays a higher dividend, FDRV or QQQ?
FDRV yields 1.34% while QQQ yields 0.44%, so FDRV currently pays the higher dividend yield.
Is QQQ better than FDRV?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FDRV is less concentrated, with 41.9% 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.