FELG vs QQQ
Fidelity Enhanced Large Cap Growth ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. FELG offers more diversification with 153 holdings.
Side-by-Side Comparison
| Metric | FELG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.18% | |
| AUM | $5.5B | $496.3B | |
| Dividend Yield | 0.36% | 0.44% | |
| Holdings | 153 | 108 | |
| YTD Return | +5.65% | +16.64% | |
| 1Y Return | +15.02% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 16.0% | 30.6% | |
| Max Drawdown | -23.9% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Mar 10, 1999 |
FELG vs QQQ Performance
Fidelity Enhanced Large Cap Growth ETF (FELG) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FELG returned +15.02% while QQQ returned +27.27%. Year to date, FELG is up 5.65% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 16.0% 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 -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 0.95. 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 0.36% against 0.44% for QQQ.
Holdings Overlap
FELG and QQQ share 43 holdings out of 201 unique holdings combined, representing a 53.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FELG or QQQ?
FELG 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, FELG or QQQ?
Over the past year FELG returned +15.02% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), FELG annualized +22.85% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, FELG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.0% for FELG. Worst drawdown: FELG -23.9% vs QQQ -83.0%.
Should I hold both FELG and QQQ?
FELG and QQQ have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FELG and QQQ?
FELG and QQQ share 43 common holdings with a 53.8% weight overlap. Combined, they hold 201 unique securities.
Which pays a higher dividend, FELG or QQQ?
FELG yields 0.36% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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