FMET vs QQQ
Fidelity Metaverse ETF vs Invesco QQQ Trust, Series 1
Which is better, FMET or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. FMET is less concentrated, with 45.9% of the fund in its ten largest positions against 47.2%.
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 | FMET | QQQ |
|---|---|---|
| Expense Ratio | 0.39% | 0.18%Best |
| AUM | $46M | $498.6B |
| Dividend Yield | 0.49% | 0.42% |
| Holdings | 98 | 321 |
| YTD Return | +8.33% | +22.67%Best |
| 1Y Return | +3.97% | +24.33%Best |
| 3Y Return (annualized) | +19.56% | +29.05%Best |
| 5Y Return (annualized) | - | +17.00% |
| Volatility (annualized) | 21.6% | 19.7%Best |
| Max Drawdown | -29.2% | -22.8%Best |
| $10,000 over 4.4 years | $16,465 | $22,841Best |
| Top 10 Weight | 45.9%Best | 47.2% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 19, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Apr 21, 2022 to Oct 2, 2026 (4.4 years).
FMET 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 4.4 years both funds cover.
FMET vs QQQ Performance
Fidelity Metaverse ETF (FMET) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FMET returned +3.97% while QQQ returned +24.33%. Year to date, FMET is up 8.33% versus a gain of 22.67% for QQQ.
Over three years, FMET compounded at +19.56% per year against +29.05% for QQQ. Across the full 4-year window we track, QQQ has the edge at +20.65% annualized vs +12.00%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMET has been the more volatile fund, with annualized monthly volatility of 21.6% compared with 19.7% for QQQ. 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 -29.2% for FMET 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMET charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, FMET currently yields 0.49% against 0.42% for QQQ.
Holdings Overlap
45.9% of FMET's money is in holdings QQQ also owns. 34.0% of QQQ's money is in holdings FMET also owns.
The two portfolios partly overlap.
11 positions in common, counted across the 49 positions we hold weights for in FMET and 102 in QQQ, against full books of 98 and 321.
What only one of them owns
Our book lists 85 positions for QQQ that do not appear in our book for FMET (63.8% of the fund), and 19 for FMET that do not appear in QQQ (31.9%).
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 FMET | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.78% | 8.45% | 3.67% |
| AAPLApple, Inc | 5.11% | 7.80% | 2.69% |
| MSFTMicrosoft Corp | 5.54% | 5.88% | 0.34% |
| AMDAdvanced Micro Devices Inc | 4.72% | 3.71% | 1.01% |
| METAMeta Platforms Inc | 4.94% | 3.07% | 1.87% |
| GOOGLAlphabet Inc,class A | 4.35% | 3.15% | 1.20% |
| ADBEAdobe Systems | 4.66% | 0.45% | 4.21% |
| QCOMQualcomm Inc. | 3.59% | 0.85% | 2.74% |
| MPWRMonolithic Power Systems Inc | 3.13% | 0.27% | 2.86% |
| TTWOTake-Two Interactive Software, Inc. | 2.96% | 0.18% | 2.78% |
45.9% of FMET is already inside QQQ.
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, FMET or QQQ?
FMET has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, FMET or QQQ?
Over the past year FMET returned +3.97% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), FMET annualized +12.00% vs +20.65% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMET or QQQ?
FMET has been the more volatile fund at 21.6% annualized versus 19.7% for QQQ. Worst drawdown: FMET -29.2% vs QQQ -22.8%.
Should I hold both FMET and QQQ?
FMET and QQQ have a monthly-return correlation of 0.86, 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 FMET and QQQ?
45.9% of FMET's money is in holdings QQQ also owns. 34.0% of QQQ's is in holdings FMET also owns. They hold 11 positions in common, counted across the 49 positions we hold weights for in FMET and 102 in QQQ.
Which pays a higher dividend, FMET or QQQ?
FMET yields 0.49% while QQQ yields 0.42%, so FMET currently pays the higher dividend yield.
Is QQQ better than FMET?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. FMET is less concentrated, with 45.9% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.