FDTX vs QQQ
Fidelity Disruptive Technology ETF vs Invesco QQQ Trust, Series 1
Which is better, FDTX or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. FDTX led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 51.3%.
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 | FDTX | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $268M | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 46 | 107 |
| YTD Return | +41.40%Best | +21.22% |
| 1Y Return | +40.25%Best | +23.58% |
| 3Y Return (annualized) | +35.37%Best | +28.18% |
| 5Y Return (annualized) | - | +15.82% |
| Volatility (annualized) | 26.5% | 17.2%Best |
| Max Drawdown | -27.2% | -22.8%Best |
| $10,000 over 3.3 years | $22,776Best | $21,066 |
| Top 10 Weight | 51.3% | 46.5%Best |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Feb 13, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 12, 2023 to Sep 21, 2026 (3.3 years).
FDTX 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 3.3 years both funds cover.
FDTX vs QQQ Performance
Fidelity Disruptive Technology ETF (FDTX) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FDTX returned +40.25% while QQQ returned +23.58%. Year to date, FDTX is up 41.40% versus a gain of 21.22% for QQQ.
Over three years, FDTX compounded at +35.37% per year against +28.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDTX has been the more volatile fund, with annualized monthly volatility of 26.5% compared with 17.2% 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 -27.2% for FDTX 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FDTX charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, FDTX currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
65.3% of FDTX's money is in holdings QQQ also owns. 49.6% of QQQ's money is in holdings FDTX also owns.
The two portfolios partly overlap.
22 positions in common, counted across the 42 positions we hold weights for in FDTX and 102 in QQQ, against full books of 46 and 107.
What only one of them owns
Our book lists 75 positions for QQQ that do not appear in our book for FDTX (48.8% of the fund), and 9 for FDTX that do not appear in QQQ (15.4%).
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 FDTX | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.68% | 8.44% | 3.76% |
| MUMicron Technology, Inc. | 8.04% | 4.43% | 3.61% |
| MSFTMicrosoft Corp | 4.14% | 5.76% | 1.62% |
| AMZNAmazon.Com Inc | 3.80% | 4.67% | 0.87% |
| AAPLApple, Inc | 1.17% | 7.27% | 6.10% |
| MRVLMarvell Technology Group Ltd. | 7.17% | 0.81% | 6.36% |
| PLTRPalantir Technologies Inc | 5.50% | 1.60% | 3.90% |
| GOOGAlphabet Inc | 3.16% | 3.13% | 0.03% |
| PANWPalo Alto Networks, Inc | 4.82% | 1.30% | 3.52% |
| METAMeta Platforms Inc | 2.49% | 2.78% | 0.29% |
65.3% of FDTX is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FDTX or QQQ?
FDTX has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, FDTX or QQQ?
Over the past year FDTX returned +40.25% vs +23.58% for QQQ, so FDTX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDTX or QQQ?
FDTX has been the more volatile fund at 26.5% annualized versus 17.2% for QQQ. Worst drawdown: FDTX -27.2% vs QQQ -22.8%.
Should I hold both FDTX and QQQ?
FDTX and QQQ have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FDTX and QQQ?
65.3% of FDTX's money is in holdings QQQ also owns. 49.6% of QQQ's is in holdings FDTX also owns. They hold 22 positions in common, counted across the 42 positions we hold weights for in FDTX and 102 in QQQ.
Which pays a higher dividend, FDTX or QQQ?
FDTX yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FDTX?
QQQ has a lower expense ratio. FDTX led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 51.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.