FELC vs QQQ
Fidelity Enhanced Large Cap Core ETF vs Invesco QQQ Trust, Series 1
Which is better, FELC or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ led over 1Y, 3Y and the full window. FELC is less concentrated, with 38.8% of the fund in its ten largest positions against 47.2%.
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 | FELC | QQQ |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $8.5B | $498.6B |
| Dividend Yield | 0.81% | 0.42% |
| Holdings | 590 | 321 |
| YTD Return | +16.27% | +22.95%Best |
| 1Y Return | +19.16% | +23.60%Best |
| 3Y Return (annualized) | +22.72% | +27.53%Best |
| 5Y Return (annualized) | - | +16.67% |
| Volatility (annualized) | 11.7%Best | 16.6% |
| Max Drawdown | -18.6%Best | -22.8% |
| $10,000 over 2.9 years | $18,107 | $19,619Best |
| Top 10 Weight | 38.8%Best | 47.2% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Nov 20, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 20, 2023 to Oct 9, 2026 (2.9 years).
FELC 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 2.9 years both funds cover.
FELC vs QQQ Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FELC returned +19.16% while QQQ returned +23.60%. Year to date, FELC is up 16.27% versus a gain of 22.95% for QQQ.
Over three years, FELC compounded at +22.72% per year against +27.53% 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 16.6% compared with 11.7% for FELC. 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 -18.6% for FELC 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELC charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, FELC currently yields 0.81% against 0.42% for QQQ.
Holdings Overlap
51.4% of FELC's money is in holdings QQQ also owns. 78.9% of QQQ's money is in holdings FELC also owns.
Most of QQQ is already inside FELC. Owning both mostly buys the same companies twice.
47 positions in common, counted across the 278 positions we hold weights for in FELC and 102 in QQQ, against full books of 590 and 321.
What only one of them owns
Our book lists 49 positions for QQQ that do not appear in our book for FELC (18.9% of the fund), and 167 for FELC that do not appear in QQQ (45.0%).
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 FELC | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.36% | 8.45% | 0.09% |
| AAPLApple, Inc | 7.79% | 7.80% | 0.01% |
| MSFTMicrosoft Corp | 4.95% | 5.88% | 0.93% |
| AMZNAmazon.Com Inc | 3.91% | 4.41% | 0.50% |
| MUMicron Technology, Inc. | 1.68% | 4.85% | 3.17% |
| GOOGLAlphabet Inc,class A | 3.21% | 3.15% | 0.06% |
| AVGOBroadcom Inc | 2.75% | 2.74% | 0.01% |
| METAMeta Platforms Inc | 2.18% | 3.07% | 0.89% |
| GOOGAlphabet Inc. C | 2.12% | 2.93% | 0.81% |
| AMDAdvanced Micro Devices Inc | 0.72% | 3.71% | 2.99% |
78.9% of QQQ is already inside FELC.
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, FELC or QQQ?
FELC 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, FELC or QQQ?
Over the past year FELC returned +19.16% vs +23.60% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or QQQ?
QQQ has been the more volatile fund at 16.6% annualized versus 11.7% for FELC. Worst drawdown: FELC -18.6% vs QQQ -22.8%.
Should I hold both FELC and QQQ?
FELC and QQQ have a monthly-return correlation of 0.88, 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 FELC and QQQ?
78.9% of QQQ's money is in holdings FELC also owns. 78.9% of QQQ's is in holdings FELC also owns. They hold 47 positions in common, counted across the 278 positions we hold weights for in FELC and 102 in QQQ.
Which pays a higher dividend, FELC or QQQ?
FELC yields 0.81% while QQQ yields 0.42%, so FELC currently pays the higher dividend yield.
Is QQQ better than FELC?
QQQ led over 1Y, 3Y and the full window. FELC is less concentrated, with 38.8% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.