FFDI vs QQQ
Fidelity Fundamental Developed International ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. FFDI offers more diversification with 110 holdings.
Side-by-Side Comparison
| Metric | FFDI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $20M | $455.8B | |
| Dividend Yield | 1.99% | 0.41% | |
| Holdings | 110 | 108 | |
| YTD Return | +10.58% | +19.68% | |
| 1Y Return | +13.12% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 12.6% | 30.6% | |
| Max Drawdown | -14.4% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 19, 2024 | Mar 10, 1999 |
FFDI vs QQQ Performance
Fidelity Fundamental Developed International ETF (FFDI) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FFDI returned +13.12% while QQQ returned +26.75%. Year to date, FFDI is up 10.58% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.6% 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.99% against 0.41% for QQQ.
Holdings Overlap
FFDI and QQQ share 1 holdings out of 197 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FFDI | Weight in QQQ | Difference |
|---|---|---|---|
| ASML:AS | 5.54% | 0.70% | 4.84% |
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. On a $10,000 investment, that is $37 per year of difference.
Which performed better, FFDI or QQQ?
Over the past year FFDI returned +13.12% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FFDI annualized +20.04% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, FFDI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.6% for FFDI. Worst drawdown: FFDI -14.4% vs QQQ -83.0%.
Should I hold both FFDI and QQQ?
FFDI and QQQ have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFDI and QQQ?
FFDI and QQQ share 1 common holdings with a 0.7% weight overlap. Combined, they hold 197 unique securities.
Which pays a higher dividend, FFDI or QQQ?
FFDI yields 1.99% while QQQ yields 0.41%, so FFDI currently pays the higher dividend yield.
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