FFGX vs QQQ
Fidelity Fundamental Global ex-US ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. FFGX offers more diversification with 174 holdings.
Side-by-Side Comparison
| Metric | FFGX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $54M | $496.3B | |
| Dividend Yield | 1.54% | 0.44% | |
| Holdings | 174 | 108 | |
| YTD Return | +12.07% | +16.23% | |
| 1Y Return | +19.82% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 13.5% | 30.6% | |
| Max Drawdown | -14.8% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 19, 2024 | Mar 10, 1999 |
FFGX vs QQQ Performance
Fidelity Fundamental Global ex-US ETF (FFGX) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FFGX returned +19.82% while QQQ returned +26.23%. Year to date, FFGX is up 12.07% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.5% for FFGX. 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 -14.8% for FFGX 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FFGX 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, FFGX currently yields 1.54% against 0.44% for QQQ.
Holdings Overlap
FFGX and QQQ share 2 holdings out of 272 unique holdings combined, representing a 1.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FFGX or QQQ?
FFGX 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, FFGX or QQQ?
Over the past year FFGX returned +19.82% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FFGX annualized +21.38% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, FFGX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.5% for FFGX. Worst drawdown: FFGX -14.8% vs QQQ -83.0%.
Should I hold both FFGX and QQQ?
FFGX and QQQ have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFGX and QQQ?
FFGX and QQQ share 2 common holdings with a 1.0% weight overlap. Combined, they hold 272 unique securities.
Which pays a higher dividend, FFGX or QQQ?
FFGX yields 1.54% while QQQ yields 0.44%, so FFGX currently pays the higher dividend yield.
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