FEMV vs QQQ
Fidelity Enhanced Mid Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, FEMV or QQQ?
Mid Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. FEMV is less concentrated, with 10.3% 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 | FEMV | QQQ |
|---|---|---|
| Expense Ratio | 0.23% | 0.18%Best |
| AUM | $7M | $483.5B |
| Dividend Yield | 0.25% | 0.44% |
| Holdings | 245 | 107 |
| YTD Return | +8.84% | +16.87%Best |
| 1Y Return | - | +22.98% |
| 3Y Return (annualized) | - | +24.98% |
| 5Y Return (annualized) | - | +14.39% |
| Top 10 Weight | 10.3%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Growth |
| Inception | Apr 28, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FEMV 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.
FEMV vs QQQ Performance
Fidelity Enhanced Mid Cap Value ETF (FEMV) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, FEMV is up 8.84% versus a gain of 16.87% for QQQ.
Past performance does not guarantee future results.
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
4.1% of FEMV's money is in holdings QQQ also owns. 2.5% of QQQ's money is in holdings FEMV also owns.
FEMV and QQQ share little of their money.
11 positions in common, counted across the 243 positions we hold weights for in FEMV and 102 in QQQ, against full books of 245 and 107.
What only one of them owns
Our book lists 84 positions for QQQ that do not appear in our book for FEMV (94.5% of the fund), and 221 for FEMV that do not appear in QQQ (91.7%).
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 FEMV | Weight in QQQ | Difference |
|---|---|---|---|
| GEHCGe Healthcare Technologies Inc | 0.84% | 0.14% | 0.70% |
| ROSTRoss Stores, Inc. | 0.55% | 0.36% | 0.19% |
| WBDWarner Bros. Discovery, Inc | 0.59% | 0.29% | 0.30% |
| BKRBaker Hughes A Ge Co. Class A | 0.58% | 0.27% | 0.31% |
| XELXcel Energy Inc. | 0.34% | 0.21% | 0.13% |
| FASTFastenal Co. | 0.26% | 0.25% | 0.01% |
| EXCExelon Corp. | 0.26% | 0.21% | 0.05% |
| KHCKraft Heinz Co. | 0.30% | 0.13% | 0.17% |
| ROPRoper Technologies Inc. | 0.19% | 0.17% | 0.02% |
| LITELumentum Holdings Inc | 0.06% | 0.28% | 0.22% |
You are not choosing between two funds in isolation.
Whichever of FEMV 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, FEMV or QQQ?
FEMV 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 FEMV and QQQ?
4.1% of FEMV's money is in holdings QQQ also owns. 2.5% of QQQ's is in holdings FEMV also owns. They hold 11 positions in common, counted across the 243 positions we hold weights for in FEMV and 102 in QQQ.
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.
Is QQQ better than FEMV?
QQQ has a lower expense ratio. FEMV is less concentrated, with 10.3% 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.