FLRG vs QQQ
Fidelity US Multifactor ETF vs Invesco QQQ Trust, Series 1
Which is better, FLRG or QQQ?
Large Cap Blend against Large Cap Growth.
FLRG has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FLRG is less concentrated, with 35.5% of the fund in its ten largest positions against 46.5%.
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 | FLRG | QQQ |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.18% |
| AUM | $290M | $483.5B |
| Dividend Yield | 1.34% | 0.44% |
| Holdings | 103 | 107 |
| YTD Return | +11.14% | +17.21%Best |
| 1Y Return | +11.90% | +22.10%Best |
| 3Y Return (annualized) | +18.44% | +25.27%Best |
| 5Y Return (annualized) | +12.10% | +14.60%Best |
| Volatility (annualized) | 13.7%Best | 20.1% |
| Max Drawdown | -19.6%Best | -35.1% |
| $10,000 over 5 years | $17,702 | $19,766Best |
| Top 10 Weight | 35.5%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Sep 15, 2020 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 17, 2020 to Sep 17, 2026 (6 years).
FLRG 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 6 years both funds cover.
FLRG vs QQQ Performance
Fidelity US Multifactor ETF (FLRG) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FLRG returned +11.90% while QQQ returned +22.10%. Year to date, FLRG is up 11.14% versus a gain of 17.21% for QQQ.
Over three years, FLRG compounded at +18.44% per year against +25.27% for QQQ; over five years the annualized figures are +12.10% and +14.60% respectively. Across the full 6-year window we track, QQQ has the edge at +18.29% annualized vs +14.87%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -35.1% 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 0.81. 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 1.34% against 0.44% for QQQ.
Holdings Overlap
42.5% of FLRG's money is in holdings QQQ also owns. 47.8% of QQQ's money is in holdings FLRG also owns.
The two portfolios partly overlap.
26 positions in common, counted across the 101 positions we hold weights for in FLRG and 102 in QQQ, against full books of 103 and 107.
What only one of them owns
Our book lists 70 positions for QQQ that do not appear in our book for FLRG (49.8% of the fund), and 70 for FLRG that do not appear in QQQ (53.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FLRG | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.51% | 8.44% | 0.93% |
| AAPLApple, Inc | 6.57% | 7.27% | 0.70% |
| MSFTMicrosoft Corp | 5.32% | 5.76% | 0.44% |
| GOOGLAlphabet Inc,class A | 5.16% | 3.36% | 1.80% |
| MUMicron Technology, Inc. | 1.73% | 4.43% | 2.70% |
| AVGOBroadcom Inc | 2.60% | 3.16% | 0.56% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.81% | 2.10% | 1.29% |
| AMATApplied Materials, Inc. | 0.70% | 1.86% | 1.16% |
| LRCXLam Research Corp | 0.74% | 1.69% | 0.95% |
| BKNGBooking Holdings, Inc. | 1.06% | 0.70% | 0.36% |
47.8% of QQQ is already inside FLRG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $3 a year on a $10,000 investment.
Which performed better, FLRG or QQQ?
Over the past year FLRG returned +11.90% vs +22.10% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), FLRG annualized +14.87% vs +18.29% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLRG or QQQ?
QQQ has been the more volatile fund at 20.1% annualized versus 13.7% for FLRG. Worst drawdown: FLRG -19.6% vs QQQ -35.1%.
Should I hold both FLRG and QQQ?
FLRG and QQQ have a monthly-return correlation of 0.81, 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 FLRG and QQQ?
47.8% of QQQ's money is in holdings FLRG also owns. 47.8% of QQQ's is in holdings FLRG also owns. They hold 26 positions in common, counted across the 101 positions we hold weights for in FLRG and 102 in QQQ.
Which pays a higher dividend, FLRG or QQQ?
FLRG yields 1.34% while QQQ yields 0.44%, so FLRG currently pays the higher dividend yield.
Is QQQ better than FLRG?
FLRG has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FLRG is less concentrated, with 35.5% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.