FEMG vs QQQ
Fidelity Enhanced Mid Cap Growth ETF vs Invesco QQQ Trust, Series 1
Which is better, FEMG or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. FEMG is less concentrated, with 22.5% 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 | FEMG | QQQ |
|---|---|---|
| Expense Ratio | 0.23% | 0.18%Best |
| AUM | $6M | $483.5B |
| Dividend Yield | 0.09% | 0.44% |
| Holdings | 154 | 107 |
| YTD Return | +4.70% | +21.71%Best |
| 1Y Return | - | +25.89% |
| 3Y Return (annualized) | - | +28.80% |
| 5Y Return (annualized) | - | +15.67% |
| Top 10 Weight | 22.5%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Apr 28, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FEMG 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FEMG vs QQQ Performance
Fidelity Enhanced Mid Cap Growth ETF (FEMG) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, FEMG is up 4.70% versus a gain of 21.71% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
FEMG charges 0.23% per year while QQQ charges 0.18%. On a $10,000 position that is $23 vs $18 annually, a gap of $5 per year that compounds over a long holding period. On income, FEMG currently yields 0.09% against 0.44% for QQQ.
Holdings Overlap
17.2% of FEMG's money is in holdings QQQ also owns. 4.0% of QQQ's money is in holdings FEMG also owns.
FEMG and QQQ share little of their money.
17 positions in common, counted across the 169 positions we hold weights for in FEMG and 102 in QQQ, against full books of 154 and 107.
What only one of them owns
Our book lists 79 positions for QQQ that do not appear in our book for FEMG (93.6% of the fund), and 144 for FEMG that do not appear in QQQ (76.9%).
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 FEMG | Weight in QQQ | Difference |
|---|---|---|---|
| DDOGDatadog Inc | 2.68% | 0.41% | 2.27% |
| FASTFastenal Co. | 1.83% | 0.25% | 1.58% |
| LITELumentum Holdings Inc | 1.71% | 0.28% | 1.43% |
| ALABAstera Labs Inc - Common | 1.44% | 0.24% | 1.20% |
| TERTeradyne Inc - Common | 1.30% | 0.27% | 1.03% |
| ALNYAlnylam Pharmaceuticals Inc. | 1.17% | 0.13% | 1.04% |
| RKLBRocket Lab Corp | 1.05% | 0.19% | 0.86% |
| ADSKAutodesk, Inc. | 1.00% | 0.22% | 0.78% |
| MCHPMicrochip Technology Inc. | 0.95% | 0.19% | 0.76% |
| AXONAxon Enterprise Inc | 0.74% | 0.22% | 0.52% |
You are not choosing between two funds in isolation.
Whichever of FEMG and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FEMG or QQQ?
FEMG has an expense ratio of 0.23% while QQQ charges 0.18%. QQQ is the cheaper option, by $5 a year on a $10,000 investment.
What is the holdings overlap between FEMG and QQQ?
17.2% of FEMG's money is in holdings QQQ also owns. 4.0% of QQQ's is in holdings FEMG also owns. They hold 17 positions in common, counted across the 169 positions we hold weights for in FEMG and 102 in QQQ.
Which pays a higher dividend, FEMG or QQQ?
FEMG yields 0.09% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FEMG?
QQQ has a lower expense ratio. FEMG is less concentrated, with 22.5% 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.