FLRG vs QQQ
Fidelity US Multifactor ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
FLRG has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FLRG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.18% | |
| AUM | $290M | $496.3B | |
| Dividend Yield | 1.37% | 0.44% | |
| Holdings | 105 | 108 | |
| YTD Return | +12.44% | +16.23% | |
| 1Y Return | +16.48% | +26.23% | |
| 3Y Return (annualized) | +19.33% | +25.75% | |
| 5Y Return (annualized) | +12.07% | +14.78% | |
| Volatility (annualized) | 13.7% | 30.6% | |
| Max Drawdown | -19.6% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 15, 2020 | Mar 10, 1999 |
FLRG vs QQQ Performance
Fidelity US Multifactor ETF (FLRG) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FLRG returned +16.48% while QQQ returned +26.23%. Year to date, FLRG is up 12.44% versus a gain of 16.23% for QQQ.
Over three years, FLRG compounded at +19.33% per year against +25.75% for QQQ; over five years the annualized figures are +12.07% and +14.78% respectively. Across the full 6-year window we track, FLRG has the edge at +15.30% annualized vs +13.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.7% for FLRG. 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 -19.6% for FLRG 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLRG charges 0.15% per year while QQQ charges 0.18%. On a $10,000 position that is $15 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, FLRG currently yields 1.37% against 0.44% for QQQ.
Holdings Overlap
FLRG and QQQ share 24 holdings out of 177 unique holdings combined, representing a 38.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLRG or QQQ?
FLRG has an expense ratio of 0.15% while QQQ charges 0.18%. FLRG is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, FLRG or QQQ?
Over the past year FLRG returned +16.48% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), FLRG annualized +15.30% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, FLRG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.7% for FLRG. Worst drawdown: FLRG -19.6% vs QQQ -83.0%.
Should I hold both FLRG and QQQ?
FLRG and QQQ have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLRG and QQQ?
FLRG and QQQ share 24 common holdings with a 38.5% weight overlap. Combined, they hold 177 unique securities.
Which pays a higher dividend, FLRG or QQQ?
FLRG yields 1.37% while QQQ yields 0.44%, so FLRG currently pays the higher dividend yield.
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