FFLV vs QQQ
Fidelity Fundamental Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FFLV delivered stronger 1-year returns. FFLV offers more diversification with 109 holdings.
Side-by-Side Comparison
| Metric | FFLV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.18% | |
| AUM | $16M | $496.3B | |
| Dividend Yield | 1.36% | 0.44% | |
| Holdings | 109 | 108 | |
| YTD Return | +17.89% | +16.64% | |
| 1Y Return | +29.13% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 12.3% | 30.6% | |
| Max Drawdown | -16.7% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 9, 2024 | Mar 10, 1999 |
FFLV vs QQQ Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FFLV returned +29.13% while QQQ returned +27.27%. Year to date, FFLV is up 17.89% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.3% 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 -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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.36% against 0.44% for QQQ.
Holdings Overlap
FFLV and QQQ share 14 holdings out of 200 unique holdings combined, representing a 20.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $20 per year of difference.
Which performed better, FFLV or QQQ?
Over the past year FFLV returned +29.13% vs +27.27% for QQQ, so FFLV leads on 1-year performance. Over the longest common window we track (3 years), FFLV annualized +17.29% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, FFLV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.3% for FFLV. Worst drawdown: FFLV -16.7% vs QQQ -83.0%.
Should I hold both FFLV and QQQ?
FFLV and QQQ have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLV and QQQ?
FFLV and QQQ share 14 common holdings with a 20.8% weight overlap. Combined, they hold 200 unique securities.
Which pays a higher dividend, FFLV or QQQ?
FFLV yields 1.36% while QQQ yields 0.44%, so FFLV currently pays the higher dividend yield.
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