FEMV vs QQQ
Fidelity Enhanced Mid Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FEMV offers more diversification with 243 holdings.
Side-by-Side Comparison
| Metric | FEMV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.18% | |
| AUM | $7M | $496.3B | |
| Dividend Yield | 0.25% | 0.44% | |
| Holdings | 243 | 108 | |
| YTD Return | +11.40% | +16.64% | |
| 1Y Return | - | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -2.7% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 28, 2026 | Mar 10, 1999 |
FEMV vs QQQ Performance
Fidelity Enhanced Mid Cap Value ETF (FEMV) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, FEMV is up 11.40% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.7% for FEMV and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FEMV 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, FEMV currently yields 0.25% against 0.44% for QQQ.
Holdings Overlap
FEMV and QQQ share 11 holdings out of 334 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FEMV or QQQ?
FEMV has an expense ratio of 0.23% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
What is the holdings overlap between FEMV and QQQ?
FEMV and QQQ share 11 common holdings with a 2.2% weight overlap. Combined, they hold 334 unique securities.
Which pays a higher dividend, FEMV or QQQ?
FEMV yields 0.25% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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