FLDB vs QQQ
Fidelity Low Duration Bond ETF vs Invesco QQQ Trust, Series 1
Which is better, FLDB or QQQ?
Short Term High Quality against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and 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 | FLDB | QQQ |
|---|---|---|
| Expense Ratio | 0.20% | 0.18%Best |
| AUM | $415M | $483.5B |
| Dividend Yield | 4.72% | 0.44% |
| Holdings | 397 | 107 |
| YTD Return | +2.31% | +15.94%Best |
| 1Y Return | +3.68% | +20.44%Best |
| 3Y Return (annualized) | - | +24.86% |
| 5Y Return (annualized) | - | +14.26% |
| Volatility (annualized) | 0.5%Best | 17.4% |
| Max Drawdown | -0.5%Best | -22.8% |
| $10,000 over 2.5 years | $11,179 | $16,305Best |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Short Term High Quality | Large Cap Growth |
| Inception | Feb 22, 2024 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Feb 26, 2024 to Sep 14, 2026 (2.5 years).
FLDB 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 2.5 years both funds cover.
FLDB vs QQQ Performance
Fidelity Low Duration Bond ETF (FLDB) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FLDB returned +3.68% while QQQ returned +20.44%. Year to date, FLDB is up 2.31% versus a gain of 15.94% 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 17.4% compared with 0.5% for FLDB. 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 -0.5% for FLDB 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 0.20. They move largely independently of each other.
Fees and Cost Over Time
FLDB charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, FLDB currently yields 4.72% against 0.44% for QQQ.
Holdings Overlap
At least 0.2% of QQQ's money is in holdings FLDB also owns.
Stated as a floor: for FLDB, our book for it covers 10.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 30 positions we hold weights for in FLDB and 102 in QQQ, against full books of 397 and 107.
Top Shared Holdings
| Stock | Weight in FLDB | Weight in QQQ | Difference |
|---|---|---|---|
| KDPKeurig Dr Pepper Inc (kdp Us) | 0.30% | 0.18% | 0.12% |
You are not choosing between two funds in isolation.
Whichever of FLDB 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, FLDB or QQQ?
FLDB has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, FLDB or QQQ?
Over the past year FLDB returned +3.68% vs +20.44% 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, FLDB or QQQ?
QQQ has been the more volatile fund at 17.4% annualized versus 0.5% for FLDB. Worst drawdown: FLDB -0.5% vs QQQ -22.8%.
Should I hold both FLDB and QQQ?
FLDB and QQQ have a monthly-return correlation of 0.20, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FLDB or QQQ?
FLDB yields 4.72% while QQQ yields 0.44%, so FLDB currently pays the higher dividend yield.
Is QQQ better than FLDB?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.