FFDI vs QQQ
Fidelity Fundamental Developed International ETF vs Invesco QQQ Trust, Series 1
Which is better, FFDI or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FFDI is less concentrated, with 24.3% of the fund in its ten largest positions against 47.2%.
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 | FFDI | QQQ |
|---|---|---|
| Expense Ratio | 0.55% | 0.18%Best |
| AUM | $20M | $498.6B |
| Dividend Yield | 1.96% | 0.42% |
| Holdings | 99 | 321 |
| YTD Return | +3.33% | +21.44%Best |
| 1Y Return | +4.17% | +23.58%Best |
| 3Y Return (annualized) | - | +27.86% |
| 5Y Return (annualized) | - | +16.25% |
| Volatility (annualized) | 12.2%Best | 18.7% |
| Max Drawdown | -14.4%Best | -22.8% |
| $10,000 over 1.9 years | $12,874 | $14,973Best |
| Top 10 Weight | 24.3%Best | 47.2% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 19, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 21, 2024 to Oct 1, 2026 (1.9 years).
FFDI 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 1.9 years both funds cover.
FFDI vs QQQ Performance
Fidelity Fundamental Developed International ETF (FFDI) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FFDI returned +4.17% while QQQ returned +23.58%. Year to date, FFDI is up 3.33% versus a gain of 21.44% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 12.2% for FFDI. 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 -14.4% for FFDI and -22.8% 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 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FFDI charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, FFDI currently yields 1.96% against 0.42% for QQQ.
Holdings Overlap
4.7% of FFDI's money is in holdings QQQ also owns. 0.7% of QQQ's money is in holdings FFDI also owns.
FFDI and QQQ share little of their money.
1 positions in common, counted across the 97 positions we hold weights for in FFDI and 102 in QQQ, against full books of 99 and 321.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for FFDI (97.8% of the fund), and 4 for FFDI that do not appear in QQQ (5.3%).
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 FFDI | Weight in QQQ | Difference |
|---|---|---|---|
| ASML:ASASML HOLDING NV | 4.71% | 0.69% | 4.02% |
You are not choosing between two funds in isolation.
Whichever of FFDI 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, FFDI or QQQ?
FFDI has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, FFDI or QQQ?
Over the past year FFDI returned +4.17% vs +23.58% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FFDI annualized +14.22% vs +23.67% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FFDI or QQQ?
QQQ has been the more volatile fund at 18.7% annualized versus 12.2% for FFDI. Worst drawdown: FFDI -14.4% vs QQQ -22.8%.
Should I hold both FFDI and QQQ?
FFDI and QQQ have a monthly-return correlation of 0.52, 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 FFDI and QQQ?
4.7% of FFDI's money is in holdings QQQ also owns. 0.7% of QQQ's is in holdings FFDI also owns. They hold 1 positions in common, counted across the 97 positions we hold weights for in FFDI and 102 in QQQ.
Which pays a higher dividend, FFDI or QQQ?
FFDI yields 1.96% while QQQ yields 0.42%, so FFDI currently pays the higher dividend yield.
Is QQQ better than FFDI?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FFDI is less concentrated, with 24.3% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.