FFUT vs QQQ
Fidelity Managed Futures ETF vs Invesco QQQ Trust, Series 1
Which is better, FFUT or QQQ?
Managed Futures against Large Cap Growth.
QQQ has a lower expense ratio. FFUT led over 1Y, QQQ over the full window.
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 | FFUT | QQQ |
|---|---|---|
| Expense Ratio | 0.80% | 0.18%Best |
| AUM | $329M | $483.5B |
| Dividend Yield | 1.81% | 0.44% |
| Holdings | 117 | 107 |
| YTD Return | +20.84%Best | +17.95% |
| 1Y Return | +26.72%Best | +21.77% |
| 3Y Return (annualized) | - | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 7.4%Best | 19.7% |
| Max Drawdown | -5.6%Best | -12.0% |
| $10,000 over 1.3 years | $13,193 | $13,875Best |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Alternative | Equity |
| Style | Managed Futures | Large Cap Growth |
| Inception | Jun 3, 2025 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 5, 2025 to Sep 18, 2026 (1.3 years).
FFUT 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 1.3 years both funds cover.
FFUT vs QQQ Performance
Fidelity Managed Futures ETF (FFUT) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FFUT returned +26.72% while QQQ returned +21.77%. Year to date, FFUT is up 20.84% versus a gain of 17.95% 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 19.7% compared with 7.4% for FFUT. 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 -5.6% for FFUT and -12.0% 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 -0.11. They move largely independently of each other.
Fees and Cost Over Time
FFUT charges 0.80% per year while QQQ charges 0.18%. On a $10,000 position that is $80 vs $18 annually, a gap of $62 per year that compounds over a long holding period. On income, FFUT currently yields 1.81% against 0.44% for QQQ.
Holdings Overlap
At least 14.2% of QQQ's money is in holdings FFUT also owns.
Stated as a floor: for FFUT, our book for it covers 43.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
QQQ and FFUT share little of their money.
2 positions in common, counted across the 4 positions we hold weights for in FFUT and 102 in QQQ, against full books of 117 and 107.
You are not choosing between two funds in isolation.
Whichever of FFUT 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, FFUT or QQQ?
FFUT has an expense ratio of 0.80% while QQQ charges 0.18%. QQQ is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, FFUT or QQQ?
Over the past year FFUT returned +26.72% vs +21.77% for QQQ, so FFUT leads on 1-year performance. Over the longest common window we track (1 years), FFUT annualized +23.76% vs +28.65% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FFUT or QQQ?
QQQ has been the more volatile fund at 19.7% annualized versus 7.4% for FFUT. Worst drawdown: FFUT -5.6% vs QQQ -12.0%.
Should I hold both FFUT and QQQ?
FFUT and QQQ have a monthly-return correlation of -0.11, 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 FFUT and QQQ?
At least 14.2% of QQQ's money is in holdings FFUT also owns. Our book for FFUT is partial, so the real figure is this or higher. They hold 2 positions in common, counted across the 4 positions we hold weights for in FFUT and 102 in QQQ.
Which pays a higher dividend, FFUT or QQQ?
FFUT yields 1.81% while QQQ yields 0.44%, so FFUT currently pays the higher dividend yield.
Is QQQ better than FFUT?
QQQ has a lower expense ratio. FFUT led over 1Y, QQQ over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.