FDVV vs QQQ
Fidelity High Dividend ETF vs Invesco QQQ Trust, Series 1
Which is better, FDVV or QQQ?
Large Cap Value against Large Cap Growth.
FDVV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FDVV is less concentrated, with 35.7% 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 | FDVV | QQQ |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.18% |
| AUM | $10.2B | $483.5B |
| Dividend Yield | 2.73% | 0.44% |
| Holdings | 100 | 107 |
| YTD Return | +10.81% | +15.21%Best |
| 1Y Return | +15.55% | +19.78%Best |
| 3Y Return (annualized) | +19.29% | +24.58%Best |
| 5Y Return (annualized) | +13.92% | +13.93%Best |
| Volatility (annualized) | 16.0%Best | 19.1% |
| Max Drawdown | -41.1% | -35.1%Best |
| $10,000 over 5 years | $19,187 | $19,195Best |
| Top 10 Weight | 35.7%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Sep 12, 2016 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 15, 2016 to Sep 16, 2026 (10 years).
FDVV 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 10 years both funds cover.
FDVV vs QQQ Performance
Fidelity High Dividend ETF (FDVV) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FDVV returned +15.55% while QQQ returned +19.78%. Year to date, FDVV is up 10.81% versus a gain of 15.21% for QQQ.
Over three years, FDVV compounded at +19.29% per year against +24.58% for QQQ; over five years the annualized figures are +13.92% and +13.93% respectively. Across the full 10-year window we track, QQQ has the edge at +19.99% annualized vs +11.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 16.0% for FDVV. 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 -41.1% for FDVV 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDVV charges 0.15% per year while QQQ charges 0.18%. On a $10,000 position that is $15 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, FDVV currently yields 2.73% against 0.44% for QQQ.
Holdings Overlap
33.4% of FDVV's money is in holdings QQQ also owns. 36.7% of QQQ's money is in holdings FDVV also owns.
The two portfolios partly overlap.
19 positions in common, counted across the 92 positions we hold weights for in FDVV and 102 in QQQ, against full books of 100 and 107.
What only one of them owns
Our book lists 77 positions for QQQ that do not appear in our book for FDVV (60.9% of the fund), and 65 for FDVV that do not appear in QQQ (60.0%).
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 FDVV | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.32% | 8.44% | 1.12% |
| AAPLApple, Inc | 6.42% | 7.27% | 0.85% |
| MSFTMicrosoft Corp | 5.40% | 5.76% | 0.36% |
| AVGOBroadcom Inc | 2.99% | 3.16% | 0.17% |
| GOOGLAlphabet Inc,class A | 1.88% | 3.36% | 1.48% |
| METAMeta Platforms Inc | 0.67% | 2.78% | 2.11% |
| TXNTexas Instruments, Inc. | 1.18% | 1.12% | 0.06% |
| PEPPepsico Inc. | 1.39% | 0.83% | 0.56% |
| SBUXStarbucks Corp | 1.61% | 0.53% | 1.08% |
| KHCKraft Heinz Co. | 1.40% | 0.13% | 1.27% |
36.7% of QQQ is already inside FDVV.
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, FDVV or QQQ?
FDVV has an expense ratio of 0.15% while QQQ charges 0.18%. FDVV is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, FDVV or QQQ?
Over the past year FDVV returned +15.55% vs +19.78% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), FDVV annualized +11.48% vs +19.99% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDVV or QQQ?
QQQ has been the more volatile fund at 19.1% annualized versus 16.0% for FDVV. Worst drawdown: FDVV -41.1% vs QQQ -35.1%.
Should I hold both FDVV and QQQ?
FDVV and QQQ have a monthly-return correlation of 0.74, 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 FDVV and QQQ?
36.7% of QQQ's money is in holdings FDVV also owns. 36.7% of QQQ's is in holdings FDVV also owns. They hold 19 positions in common, counted across the 92 positions we hold weights for in FDVV and 102 in QQQ.
Which pays a higher dividend, FDVV or QQQ?
FDVV yields 2.73% while QQQ yields 0.44%, so FDVV currently pays the higher dividend yield.
Is QQQ better than FDVV?
FDVV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FDVV is less concentrated, with 35.7% 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.