FSEG vs QQQ
Fidelity Enhanced Small Cap Growth ETF vs Invesco QQQ Trust, Series 1
Which is better, FSEG or QQQ?
Small Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. FSEG is less concentrated, with 8.4% 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 | FSEG | QQQ |
|---|---|---|
| Expense Ratio | 0.28% | 0.18%Best |
| AUM | $7M | $483.5B |
| Dividend Yield | 0.03% | 0.44% |
| Holdings | 423 | 107 |
| YTD Return | +4.35% | +15.86%Best |
| 1Y Return | - | +22.63% |
| 3Y Return (annualized) | - | +24.15% |
| 5Y Return (annualized) | - | +14.16% |
| Top 10 Weight | 8.4%Best | 46.5% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Growth | Large Cap Growth |
| Inception | Apr 28, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FSEG 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FSEG vs QQQ Performance
Fidelity Enhanced Small Cap Growth ETF (FSEG) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, FSEG is up 4.35% versus a gain of 15.86% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
FSEG charges 0.28% per year while QQQ charges 0.18%. On a $10,000 position that is $28 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, FSEG currently yields 0.03% against 0.44% for QQQ.
Holdings Overlap
0.2% of FSEG's money is in holdings QQQ also owns. 2.8% of QQQ's money is in holdings FSEG also owns.
QQQ and FSEG share little of their money.
1 positions in common, counted across the 455 positions we hold weights for in FSEG and 102 in QQQ, against full books of 423 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for FSEG (94.3% of the fund), and 433 for FSEG that do not appear in QQQ (96.3%).
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 FSEG | Weight in QQQ | Difference |
|---|---|---|---|
| METAMeta Platforms, Inc. | 0.19% | 2.78% | 2.59% |
You are not choosing between two funds in isolation.
Whichever of FSEG 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, FSEG or QQQ?
FSEG has an expense ratio of 0.28% while QQQ charges 0.18%. QQQ is the cheaper option, by $10 a year on a $10,000 investment.
What is the holdings overlap between FSEG and QQQ?
2.8% of QQQ's money is in holdings FSEG also owns. 2.8% of QQQ's is in holdings FSEG also owns. They hold 1 positions in common, counted across the 455 positions we hold weights for in FSEG and 102 in QQQ.
Which pays a higher dividend, FSEG or QQQ?
FSEG yields 0.03% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FSEG?
QQQ has a lower expense ratio. FSEG is less concentrated, with 8.4% 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.