FELG vs QQQ
Fidelity Enhanced Large Cap Growth ETF vs Invesco QQQ Trust, Series 1
Which is better, FELG or QQQ?
QQQ has been ahead.
QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 58.0%.
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 | FELG | QQQ |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $5.7B | $498.6B |
| Dividend Yield | 0.35% | 0.42% |
| Holdings | 135 | 321 |
| YTD Return | +10.24% | +22.67%Best |
| 1Y Return | +11.03% | +24.33%Best |
| 3Y Return (annualized) | - | +29.05% |
| 5Y Return (annualized) | - | +17.00% |
| Volatility (annualized) | 15.5%Best | 16.6% |
| Max Drawdown | -23.9% | -22.8%Best |
| $10,000 over 2.9 years | $18,512 | $19,664Best |
| Top 10 Weight | 58.0% | 47.2%Best |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | 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 2, 2026 (2.9 years).
FELG 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.
FELG vs QQQ Performance
Fidelity Enhanced Large Cap Growth ETF (FELG) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FELG returned +11.03% while QQQ returned +24.33%. Year to date, FELG is up 10.24% versus a gain of 22.67% 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 15.5% for FELG. 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 -23.9% for FELG 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FELG charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, FELG currently yields 0.35% against 0.42% for QQQ.
Holdings Overlap
70.0% of FELG's money is in holdings QQQ also owns. 78.5% of QQQ's money is in holdings FELG also owns.
Most of QQQ is already inside FELG. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 133 positions we hold weights for in FELG and 102 in QQQ, against full books of 135 and 321.
What only one of them owns
Our book lists 54 positions for QQQ that do not appear in our book for FELG (19.3% of the fund), and 79 for FELG that do not appear in QQQ (27.9%).
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 FELG | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.59% | 8.45% | 7.14% |
| AAPLApple, Inc | 8.24% | 7.80% | 0.44% |
| MSFTMicrosoft Corp | 4.94% | 5.88% | 0.94% |
| GOOGLAlphabet Inc,class A | 7.54% | 3.15% | 4.39% |
| MUMicron Technology, Inc. | 3.79% | 4.85% | 1.06% |
| AVGOBroadcom Inc | 5.28% | 2.74% | 2.54% |
| METAMeta Platforms Inc | 3.63% | 3.07% | 0.56% |
| GOOGAlphabet Inc. C | 3.10% | 2.93% | 0.17% |
| TSLATesla Inc | 2.75% | 2.92% | 0.17% |
| AMDAdvanced Micro Devices Inc | 1.94% | 3.71% | 1.77% |
78.5% of QQQ is already inside FELG.
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, FELG or QQQ?
FELG 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, FELG or QQQ?
Over the past year FELG returned +11.03% vs +24.33% 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, FELG or QQQ?
QQQ has been the more volatile fund at 16.6% annualized versus 15.5% for FELG. Worst drawdown: FELG -23.9% vs QQQ -22.8%.
Should I hold both FELG and QQQ?
FELG and QQQ have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FELG and QQQ?
78.5% of QQQ's money is in holdings FELG also owns. 78.5% of QQQ's is in holdings FELG also owns. They hold 42 positions in common, counted across the 133 positions we hold weights for in FELG and 102 in QQQ.
Which pays a higher dividend, FELG or QQQ?
FELG yields 0.35% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FELG?
QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 58.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.