FENY vs QQQ
Fidelity MSCI Energy Index ETF vs Invesco QQQ Trust, Series 1
Which is better, FENY or QQQ?
Large Cap Value against Large Cap Growth.
FENY has a lower expense ratio. FENY led over 1Y and 5Y, QQQ over 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 65.3%.
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 | FENY | QQQ |
|---|---|---|
| Expense Ratio | 0.08%Best | 0.18% |
| AUM | $2.0B | $483.5B |
| Dividend Yield | 2.24% | 0.44% |
| Holdings | 105 | 107 |
| YTD Return | +38.22%Best | +21.16% |
| 1Y Return | +40.66%Best | +24.78% |
| 3Y Return (annualized) | +14.69% | +27.95%Best |
| 5Y Return (annualized) | +23.51%Best | +15.36% |
| Volatility (annualized) | 28.7% | 18.0%Best |
| Max Drawdown | -78.9% | -35.1%Best |
| $10,000 over 5 years | $28,742Best | $20,430 |
| Top 10 Weight | 65.3% | 46.5%Best |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Oct 21, 2013 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Oct 24, 2013 to Sep 24, 2026 (12.9 years).
FENY 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 12.9 years both funds cover.
FENY vs QQQ Performance
Fidelity MSCI Energy Index ETF (FENY) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FENY returned +40.66% while QQQ returned +24.78%. Year to date, FENY is up 38.22% versus a gain of 21.16% for QQQ.
Over three years, FENY compounded at +14.69% per year against +27.95% for QQQ; over five years the annualized figures are +23.51% and +15.36% respectively. Across the full 13-year window we track, QQQ has the edge at +18.84% annualized vs +4.03%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FENY has been the more volatile fund, with annualized monthly volatility of 28.7% compared with 18.0% for QQQ. 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 -78.9% for FENY and -35.1% 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 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FENY charges 0.08% per year while QQQ charges 0.18%. On a $10,000 position that is $8 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, FENY currently yields 2.24% against 0.44% for QQQ.
Holdings Overlap
3.7% of FENY's money is in holdings QQQ also owns. 0.5% of QQQ's money is in holdings FENY also owns.
FENY and QQQ share little of their money.
2 positions in common, counted across the 101 positions we hold weights for in FENY and 102 in QQQ, against full books of 105 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for FENY (97.0% of the fund), and 93 for FENY that do not appear in QQQ (93.6%).
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.
You are not choosing between two funds in isolation.
Whichever of FENY 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, FENY or QQQ?
FENY has an expense ratio of 0.08% while QQQ charges 0.18%. FENY is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, FENY or QQQ?
Over the past year FENY returned +40.66% vs +24.78% for QQQ, so FENY leads on 1-year performance. Over the longest common window we track (13 years), FENY annualized +4.03% vs +18.84% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FENY or QQQ?
FENY has been the more volatile fund at 28.7% annualized versus 18.0% for QQQ. Worst drawdown: FENY -78.9% vs QQQ -35.1%.
Should I hold both FENY and QQQ?
FENY and QQQ have a monthly-return correlation of 0.32, 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 FENY and QQQ?
3.7% of FENY's money is in holdings QQQ also owns. 0.5% of QQQ's is in holdings FENY also owns. They hold 2 positions in common, counted across the 101 positions we hold weights for in FENY and 102 in QQQ.
Which pays a higher dividend, FENY or QQQ?
FENY yields 2.24% while QQQ yields 0.44%, so FENY currently pays the higher dividend yield.
Is QQQ better than FENY?
FENY has a lower expense ratio. FENY led over 1Y and 5Y, QQQ over 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 65.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.