FMQQ vs QQQ
The Next Frontier Internet ETF vs Invesco QQQ Trust, Series 1
Which is better, FMQQ or QQQ?
Allocation/Balanced against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 58.7%.
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 | FMQQ | QQQ |
|---|---|---|
| Expense Ratio | 0.86% | 0.18%Best |
| AUM | $19M | $498.6B |
| Dividend Yield | 0.65% | 0.42% |
| Holdings | 77 | 321 |
| YTD Return | -10.51% | +24.32%Best |
| 1Y Return | -16.70% | +25.59%Best |
| 3Y Return (annualized) | +7.05% | +28.30%Best |
| 5Y Return (annualized) | -12.43% | +16.83%Best |
| Volatility (annualized) | 23.0% | 20.7%Best |
| Max Drawdown | -64.5% | -35.1%Best |
| $10,000 over 5 years | $5,150 | $21,766Best |
| Top 10 Weight | 58.7% | 47.2%Best |
| Fund Family | Exchange Traded Concepts Trust | Invesco (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Growth |
| Inception | Sep 27, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2021 to Oct 6, 2026 (5 years).
FMQQ 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 5 years both funds cover.
FMQQ vs QQQ Performance
The Next Frontier Internet ETF (FMQQ) is an ETF from Exchange Traded Concepts Trust and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FMQQ returned -16.70% while QQQ returned +25.59%. Year to date, FMQQ is down 10.51% versus a gain of 24.32% for QQQ.
Over three years, FMQQ compounded at +7.05% per year against +28.30% for QQQ; over five years the annualized figures are -12.43% and +16.83% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMQQ has been the more volatile fund, with annualized monthly volatility of 23.0% compared with 20.7% 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 -64.5% for FMQQ 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FMQQ charges 0.86% per year while QQQ charges 0.18%. On a $10,000 position that is $86 vs $18 annually, a gap of $68 per year that compounds over a long holding period. On income, FMQQ currently yields 0.65% against 0.42% for QQQ.
Holdings Overlap
7.8% of FMQQ's money is in holdings QQQ also owns. 0.4% of QQQ's money is in holdings FMQQ also owns.
FMQQ and QQQ share little of their money.
1 positions in common, counted across the 37 positions we hold weights for in FMQQ and 102 in QQQ, against full books of 77 and 321.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for FMQQ (97.3% of the fund), and 5 for FMQQ that do not appear in QQQ (14.9%).
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 FMQQ | Weight in QQQ | Difference |
|---|---|---|---|
| MELIMercadolibre Inc | 7.77% | 0.42% | 7.35% |
You are not choosing between two funds in isolation.
Whichever of FMQQ 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, FMQQ or QQQ?
FMQQ has an expense ratio of 0.86% while QQQ charges 0.18%. QQQ is the cheaper option, by $68 a year on a $10,000 investment.
Which performed better, FMQQ or QQQ?
Over the past year FMQQ returned -16.70% vs +25.59% 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, FMQQ or QQQ?
FMQQ has been the more volatile fund at 23.0% annualized versus 20.7% for QQQ. Worst drawdown: FMQQ -64.5% vs QQQ -35.1%.
Should I hold both FMQQ and QQQ?
FMQQ and QQQ have a monthly-return correlation of 0.68, 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 FMQQ and QQQ?
7.8% of FMQQ's money is in holdings QQQ also owns. 0.4% of QQQ's is in holdings FMQQ also owns. They hold 1 positions in common, counted across the 37 positions we hold weights for in FMQQ and 102 in QQQ.
Which pays a higher dividend, FMQQ or QQQ?
FMQQ yields 0.65% while QQQ yields 0.42%, so FMQQ currently pays the higher dividend yield.
Is QQQ better than FMQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 58.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.