FEAC vs QQQ
Fidelity Enhanced US All-Cap Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. FEAC offers more diversification with 454 holdings.
Side-by-Side Comparison
| Metric | FEAC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.18% | |
| AUM | $17M | $496.3B | |
| Dividend Yield | 0.77% | 0.44% | |
| Holdings | 454 | 108 | |
| YTD Return | +15.34% | +17.13% | |
| 1Y Return | +22.25% | +24.75% | |
| 3Y Return (annualized) | - | +24.85% | |
| 5Y Return (annualized) | - | +14.21% | |
| Volatility (annualized) | 13.0% | 30.6% | |
| Max Drawdown | -19.0% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 19, 2024 | Mar 10, 1999 |
FEAC vs QQQ Performance
Fidelity Enhanced US All-Cap Equity ETF (FEAC) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FEAC returned +22.25% while QQQ returned +24.75%. Year to date, FEAC is up 15.34% versus a gain of 17.13% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.0% 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 0.77% against 0.44% for QQQ.
Holdings Overlap
FEAC and QQQ share 39 holdings out of 497 unique holdings combined, representing a 44.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FEAC or QQQ?
FEAC has an expense ratio of 0.18% while QQQ charges 0.18%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, FEAC or QQQ?
Over the past year FEAC returned +22.25% vs +24.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FEAC annualized +18.03% vs +13.04% for QQQ. Past performance does not guarantee future results.
Which is riskier, FEAC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.0% for FEAC. Worst drawdown: FEAC -19.0% vs QQQ -83.0%.
Should I hold both FEAC and QQQ?
FEAC and QQQ have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FEAC and QQQ?
FEAC and QQQ share 39 common holdings with a 44.6% weight overlap. Combined, they hold 497 unique securities.
Which pays a higher dividend, FEAC or QQQ?
FEAC yields 0.77% while QQQ yields 0.44%, so FEAC currently pays the higher dividend yield.
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