FEZ vs QQQ
State Street SPDR EURO STOXX 50 ETF vs Invesco QQQ Trust, Series 1
Which is better, FEZ or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FEZ is less concentrated, with 41.4% 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 | FEZ | QQQ |
|---|---|---|
| Expense Ratio | 0.29% | 0.18%Best |
| AUM | $4.4B | $483.5B |
| Dividend Yield | 2.56% | 0.44% |
| Holdings | 56 | 107 |
| YTD Return | +8.51% | +16.87%Best |
| 1Y Return | +18.40% | +22.98%Best |
| 3Y Return (annualized) | +20.07% | +24.98%Best |
| 5Y Return (annualized) | +11.03% | +14.39%Best |
| Volatility (annualized) | 21.2% | 18.4%Best |
| Max Drawdown | -66.2% | -53.5%Best |
| $10,000 over 5 years | $16,873 | $19,586Best |
| Top 10 Weight | 41.4%Best | 46.5% |
| Fund Family | SPDR State Street Global Advisors | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Oct 15, 2002 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Oct 21, 2002 to Sep 11, 2026 (23.9 years).
FEZ 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.
FEZ vs QQQ Performance
State Street SPDR EURO STOXX 50 ETF (FEZ) is an ETF from SPDR State Street Global Advisors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FEZ returned +18.40% while QQQ returned +22.98%. Year to date, FEZ is up 8.51% versus a gain of 16.87% for QQQ.
Over three years, FEZ compounded at +20.07% per year against +24.98% for QQQ; over five years the annualized figures are +11.03% and +14.39% respectively. Across the full 24-year window we track, QQQ has the edge at +15.36% annualized vs +5.09%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FEZ has been the more volatile fund, with annualized monthly volatility of 21.2% compared with 18.4% 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 -66.2% for FEZ and -53.5% 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FEZ charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, FEZ currently yields 2.56% against 0.44% for QQQ.
Holdings Overlap
8.8% of FEZ's money is in holdings QQQ also owns. 0.7% of QQQ's money is in holdings FEZ also owns.
FEZ and QQQ share little of their money.
1 positions in common, counted across the 50 positions we hold weights for in FEZ and 102 in QQQ, against full books of 56 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for FEZ (97.0% of the fund), and 4 for FEZ that do not appear in QQQ (8.0%).
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 FEZ | Weight in QQQ | Difference |
|---|---|---|---|
| ASML:ASAsml Holding Adr Representing Nv | 8.78% | 0.68% | 8.10% |
You are not choosing between two funds in isolation.
Whichever of FEZ 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, FEZ or QQQ?
FEZ has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, FEZ or QQQ?
Over the past year FEZ returned +18.40% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (24 years), FEZ annualized +5.09% vs +15.36% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FEZ or QQQ?
FEZ has been the more volatile fund at 21.2% annualized versus 18.4% for QQQ. Worst drawdown: FEZ -66.2% vs QQQ -53.5%.
Should I hold both FEZ and QQQ?
FEZ and QQQ have a monthly-return correlation of 0.71, 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 FEZ and QQQ?
8.8% of FEZ's money is in holdings QQQ also owns. 0.7% of QQQ's is in holdings FEZ also owns. They hold 1 positions in common, counted across the 50 positions we hold weights for in FEZ and 102 in QQQ.
Which pays a higher dividend, FEZ or QQQ?
FEZ yields 2.56% while QQQ yields 0.44%, so FEZ currently pays the higher dividend yield.
Is QQQ better than FEZ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FEZ is less concentrated, with 41.4% 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.