FDV vs QQQ
Federated Hermes US Strategic Dividend ETF vs Invesco QQQ Trust, Series 1
Which is better, FDV or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. FDV is less concentrated, with 33.5% 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 | FDV | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $909M | $483.5B |
| Dividend Yield | 2.70% | 0.44% |
| Holdings | 50 | 107 |
| YTD Return | +15.49% | +17.95%Best |
| 1Y Return | +17.62% | +21.77%Best |
| 3Y Return (annualized) | +15.49% | +25.63%Best |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 12.2%Best | 18.2% |
| Max Drawdown | -16.7%Best | -22.8% |
| $10,000 over 3.8 years | $14,604 | $25,611Best |
| Top 10 Weight | 33.5%Best | 46.5% |
| Fund Family | Federated Hermes Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Nov 15, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Nov 16, 2022 to Sep 18, 2026 (3.8 years).
FDV 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 3.8 years both funds cover.
FDV vs QQQ Performance
Federated Hermes US Strategic Dividend ETF (FDV) is an ETF from Federated Hermes Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FDV returned +17.62% while QQQ returned +21.77%. Year to date, FDV is up 15.49% versus a gain of 17.95% for QQQ.
Over three years, FDV compounded at +15.49% per year against +25.63% for QQQ. Across the full 4-year window we track, QQQ has the edge at +28.08% annualized vs +10.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 12.2% for FDV. 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 -16.7% for FDV 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 0.18. They move largely independently of each other.
Fees and Cost Over Time
FDV 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, FDV currently yields 2.70% against 0.44% for QQQ.
Holdings Overlap
14.8% of FDV's money is in holdings QQQ also owns. 2.8% of QQQ's money is in holdings FDV also owns.
FDV and QQQ share little of their money.
5 positions in common, counted across the 51 positions we hold weights for in FDV and 102 in QQQ, against full books of 50 and 107.
What only one of them owns
Our book lists 91 positions for QQQ that do not appear in our book for FDV (94.7% of the fund), and 44 for FDV that do not appear in QQQ (81.4%).
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.
You are not choosing between two funds in isolation.
Whichever of FDV 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, FDV or QQQ?
FDV 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, FDV or QQQ?
Over the past year FDV returned +17.62% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), FDV annualized +10.48% vs +28.08% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDV or QQQ?
QQQ has been the more volatile fund at 18.2% annualized versus 12.2% for FDV. Worst drawdown: FDV -16.7% vs QQQ -22.8%.
Should I hold both FDV and QQQ?
FDV and QQQ have a monthly-return correlation of 0.18, 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 FDV and QQQ?
14.8% of FDV's money is in holdings QQQ also owns. 2.8% of QQQ's is in holdings FDV also owns. They hold 5 positions in common, counted across the 51 positions we hold weights for in FDV and 102 in QQQ.
Which pays a higher dividend, FDV or QQQ?
FDV yields 2.70% while QQQ yields 0.44%, so FDV currently pays the higher dividend yield.
Is QQQ better than FDV?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. FDV is less concentrated, with 33.5% 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.