FEAC vs QQQ
Fidelity Enhanced US All-Cap Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, FEAC or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ led over 1Y and the full window. FEAC is less concentrated, with 34.5% 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 | FEAC | QQQ |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $17M | $483.5B |
| Dividend Yield | 0.75% | 0.44% |
| Holdings | 485 | 107 |
| YTD Return | +13.40% | +17.95%Best |
| 1Y Return | +17.49% | +21.77%Best |
| 3Y Return (annualized) | - | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 12.8%Best | 19.1% |
| Max Drawdown | -19.0%Best | -22.8% |
| $10,000 over 1.8 years | $13,129 | $14,348Best |
| Top 10 Weight | 34.5%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Nov 19, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Nov 21, 2024 to Sep 18, 2026 (1.8 years).
FEAC 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 1.8 years both funds cover.
FEAC vs QQQ Performance
Fidelity Enhanced US All-Cap Equity ETF (FEAC) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FEAC returned +17.49% while QQQ returned +21.77%. Year to date, FEAC is up 13.40% versus a gain of 17.95% for QQQ.
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 12.8% for FEAC. 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 -19.0% for FEAC 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FEAC charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, FEAC currently yields 0.75% against 0.44% for QQQ.
Holdings Overlap
44.8% of FEAC's money is in holdings QQQ also owns. 70.9% of QQQ's money is in holdings FEAC also owns.
Most of QQQ is already inside FEAC. Owning both mostly buys the same companies twice.
35 positions in common, counted across the 397 positions we hold weights for in FEAC and 102 in QQQ, against full books of 485 and 107.
What only one of them owns
Our book lists 61 positions for QQQ that do not appear in our book for FEAC (26.6% of the fund), and 331 for FEAC that do not appear in QQQ (50.8%).
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.
Top Shared Holdings
| Stock | Weight in FEAC | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.51% | 8.44% | 0.93% |
| AAPLApple, Inc | 6.73% | 7.27% | 0.54% |
| MSFTMicrosoft Corp | 4.37% | 5.76% | 1.39% |
| AMZNAmazon.Com Inc | 2.71% | 4.67% | 1.96% |
| GOOGLAlphabet Inc,class A | 3.75% | 3.36% | 0.39% |
| MUMicron Technology, Inc. | 1.71% | 4.43% | 2.72% |
| AVGOBroadcom Inc | 2.92% | 3.16% | 0.24% |
| GOOGAlphabet Inc | 0.77% | 3.13% | 2.36% |
| METAMeta Platforms Inc | 1.09% | 2.78% | 1.69% |
| AMDAdvanced Micro Devices Inc | 0.32% | 3.45% | 3.13% |
70.9% of QQQ is already inside FEAC.
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, FEAC or QQQ?
FEAC has an expense ratio of 0.18% while QQQ charges 0.18%. At the precision these are quoted to, they cost the same.
Which performed better, FEAC or QQQ?
Over the past year FEAC returned +17.49% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FEAC annualized +16.33% vs +22.21% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FEAC or QQQ?
QQQ has been the more volatile fund at 19.1% annualized versus 12.8% for FEAC. Worst drawdown: FEAC -19.0% vs QQQ -22.8%.
Should I hold both FEAC and QQQ?
FEAC and QQQ have a monthly-return correlation of 0.89, 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 FEAC and QQQ?
70.9% of QQQ's money is in holdings FEAC also owns. 70.9% of QQQ's is in holdings FEAC also owns. They hold 35 positions in common, counted across the 397 positions we hold weights for in FEAC and 102 in QQQ.
Which pays a higher dividend, FEAC or QQQ?
FEAC yields 0.75% while QQQ yields 0.44%, so FEAC currently pays the higher dividend yield.
Is QQQ better than FEAC?
QQQ led over 1Y and the full window. FEAC is less concentrated, with 34.5% 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.