FFLV vs QQQ
Fidelity Fundamental Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, FFLV or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FFLV is less concentrated, with 33.5% 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 | FFLV | QQQ |
|---|---|---|
| Expense Ratio | 0.38% | 0.18%Best |
| AUM | $16M | $483.5B |
| Dividend Yield | 1.34% | 0.44% |
| Holdings | 114 | 107 |
| YTD Return | +12.81% | +20.41%Best |
| 1Y Return | +20.48% | +23.46%Best |
| 3Y Return (annualized) | - | +27.85% |
| 5Y Return (annualized) | - | +16.07% |
| Volatility (annualized) | 12.5%Best | 17.3% |
| Max Drawdown | -16.7%Best | -22.8% |
| $10,000 over 2.6 years | $14,242 | $17,144Best |
| Top 10 Weight | 33.5%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Feb 9, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 26, 2024 to Sep 28, 2026 (2.6 years).
FFLV 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 2.6 years both funds cover.
FFLV vs QQQ Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FFLV returned +20.48% while QQQ returned +23.46%. Year to date, FFLV is up 12.81% versus a gain of 20.41% 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 17.3% compared with 12.5% for FFLV. 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 -16.7% for FFLV 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 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FFLV charges 0.38% per year while QQQ charges 0.18%. On a $10,000 position that is $38 vs $18 annually, a gap of $20 per year that compounds over a long holding period. On income, FFLV currently yields 1.34% against 0.44% for QQQ.
Holdings Overlap
25.0% of FFLV's money is in holdings QQQ also owns. 33.3% of QQQ's money is in holdings FFLV also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 111 positions we hold weights for in FFLV and 102 in QQQ, against full books of 114 and 107.
What only one of them owns
Our book lists 82 positions for QQQ that do not appear in our book for FFLV (64.2% of the fund), and 84 for FFLV that do not appear in QQQ (65.9%).
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 FFLV | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.86% | 7.27% | 2.41% |
| AMZNAmazon.Com Inc | 6.96% | 4.67% | 2.29% |
| MSFTMicrosoft Corp | 4.87% | 5.76% | 0.89% |
| GOOGLAlphabet Inc,class A | 0.76% | 3.36% | 2.60% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.89% | 2.10% | 0.21% |
| METAMeta Platforms Inc | 0.44% | 2.78% | 2.34% |
| INTCIntel Corporation | 0.20% | 2.23% | 2.03% |
| GILDGilead Sciences | 1.66% | 0.72% | 0.94% |
| AMATApplied Materials, Inc. | 0.09% | 1.86% | 1.77% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 0.67% | 0.79% | 0.12% |
33.3% of QQQ is already inside FFLV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FFLV or QQQ?
FFLV has an expense ratio of 0.38% while QQQ charges 0.18%. QQQ is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, FFLV or QQQ?
Over the past year FFLV returned +20.48% vs +23.46% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FFLV or QQQ?
QQQ has been the more volatile fund at 17.3% annualized versus 12.5% for FFLV. Worst drawdown: FFLV -16.7% vs QQQ -22.8%.
Should I hold both FFLV and QQQ?
FFLV 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 FFLV and QQQ?
33.3% of QQQ's money is in holdings FFLV also owns. 33.3% of QQQ's is in holdings FFLV also owns. They hold 14 positions in common, counted across the 111 positions we hold weights for in FFLV and 102 in QQQ.
Which pays a higher dividend, FFLV or QQQ?
FFLV yields 1.34% while QQQ yields 0.44%, so FFLV currently pays the higher dividend yield.
Is QQQ better than FFLV?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FFLV is less concentrated, with 33.5% 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.