FFUT vs QQQ
Fidelity Managed Futures ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FFUT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.18% | |
| AUM | $247M | $455.8B | |
| Dividend Yield | 1.94% | 0.41% | |
| Holdings | 165 | 108 | |
| YTD Return | +13.87% | +17.46% | |
| 1Y Return | +22.21% | +26.02% | |
| 3Y Return (annualized) | - | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 7.0% | 30.6% | |
| Max Drawdown | -5.6% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 3, 2025 | Mar 10, 1999 |
FFUT vs QQQ Performance
Fidelity Managed Futures ETF (FFUT) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FFUT returned +22.21% while QQQ returned +26.02%. Year to date, FFUT is up 13.87% versus a gain of 17.46% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.0% 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 -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 -0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.94% against 0.41% for QQQ.
Holdings Overlap
FFUT and QQQ share 1 holdings out of 107 unique holdings combined, representing a 2.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FFUT | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 2.41% | 7.88% | 5.47% |
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. On a $10,000 investment, that is $62 per year of difference.
Which performed better, FFUT or QQQ?
Over the past year FFUT returned +22.21% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), FFUT annualized +19.93% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, FFUT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.0% for FFUT. Worst drawdown: FFUT -5.6% vs QQQ -83.0%.
Should I hold both FFUT and QQQ?
FFUT and QQQ have a monthly-return correlation of -0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFUT and QQQ?
FFUT and QQQ share 1 common holdings with a 2.4% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, FFUT or QQQ?
FFUT yields 1.94% while QQQ yields 0.41%, so FFUT currently pays the higher dividend yield.
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