FELV vs QQQ
Fidelity Enhanced Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, FELV or QQQ?
Large Cap Value against Large Cap Growth.
FELV led over 1Y, QQQ over the full window. FELV is less concentrated, with 28.5% 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 | FELV | QQQ |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $3.3B | $483.5B |
| Dividend Yield | 1.38% | 0.44% |
| Holdings | 373 | 107 |
| YTD Return | +21.24%Best | +15.21% |
| 1Y Return | +28.38%Best | +19.78% |
| 3Y Return (annualized) | - | +24.58% |
| 5Y Return (annualized) | - | +13.93% |
| Volatility (annualized) | 11.7%Best | 16.9% |
| Max Drawdown | -16.1%Best | -22.8% |
| $10,000 over 2.8 years | $17,507 | $18,235Best |
| Top 10 Weight | 28.5%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Nov 20, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 20, 2023 to Sep 16, 2026 (2.8 years).
FELV 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 2.8 years both funds cover.
FELV vs QQQ Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FELV returned +28.38% while QQQ returned +19.78%. Year to date, FELV is up 21.24% versus a gain of 15.21% 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 16.9% compared with 11.7% for FELV. 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 -16.1% for FELV 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 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FELV charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, FELV currently yields 1.38% against 0.44% for QQQ.
Holdings Overlap
29.1% of FELV's money is in holdings QQQ also owns. 50.2% of QQQ's money is in holdings FELV also owns.
The two portfolios partly overlap.
43 positions in common, counted across the 364 positions we hold weights for in FELV and 102 in QQQ, against full books of 373 and 107.
What only one of them owns
Our book lists 53 positions for QQQ that do not appear in our book for FELV (47.4% of the fund), and 290 for FELV that do not appear in QQQ (65.9%).
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 FELV | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.92% | 7.27% | 1.35% |
| AMZNAmazon.Com Inc | 6.04% | 4.67% | 1.37% |
| MSFTMicrosoft Corp | 4.34% | 5.76% | 1.42% |
| METAMeta Platforms Inc | 0.62% | 2.78% | 2.16% |
| GOOGLAlphabet Inc,class A | 0.00% | 3.36% | 3.36% |
| WMTWalmart, Inc. | 0.89% | 2.41% | 1.52% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.18% | 2.10% | 0.92% |
| INTCIntel Corporation | 0.96% | 2.23% | 1.27% |
| GOOGAlphabet Inc | 0.01% | 3.13% | 3.12% |
| COSTCostco Wholesale Corp. | 0.52% | 1.84% | 1.32% |
50.2% of QQQ is already inside FELV.
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, FELV or QQQ?
FELV 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, FELV or QQQ?
Over the past year FELV returned +28.38% vs +19.78% for QQQ, so FELV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELV or QQQ?
QQQ has been the more volatile fund at 16.9% annualized versus 11.7% for FELV. Worst drawdown: FELV -16.1% vs QQQ -22.8%.
Should I hold both FELV and QQQ?
FELV and QQQ have a monthly-return correlation of 0.52, 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 FELV and QQQ?
50.2% of QQQ's money is in holdings FELV also owns. 50.2% of QQQ's is in holdings FELV also owns. They hold 43 positions in common, counted across the 364 positions we hold weights for in FELV and 102 in QQQ.
Which pays a higher dividend, FELV or QQQ?
FELV yields 1.38% while QQQ yields 0.44%, so FELV currently pays the higher dividend yield.
Is QQQ better than FELV?
FELV led over 1Y, QQQ over the full window. FELV is less concentrated, with 28.5% 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.