FSEV vs QQQ
Fidelity Enhanced Small Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, FSEV or QQQ?
Small Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. FSEV is less concentrated, with 8.3% 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 | FSEV | QQQ |
|---|---|---|
| Expense Ratio | 0.28% | 0.18%Best |
| AUM | $7M | $498.6B |
| Dividend Yield | 0.27% | 0.42% |
| Holdings | 876 | 321 |
| YTD Return | +2.44% | +21.44%Best |
| 1Y Return | - | +23.58% |
| 3Y Return (annualized) | - | +27.86% |
| 5Y Return (annualized) | - | +16.25% |
| Top 10 Weight | 8.3%Best | 47.2% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Growth |
| Inception | Apr 28, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FSEV 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.
FSEV vs QQQ Performance
Fidelity Enhanced Small Cap Value ETF (FSEV) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, FSEV is up 2.44% versus a gain of 21.44% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
FSEV 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, FSEV currently yields 0.27% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 434 holdings in FSEV and 102 in QQQ, totalling 98.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 434 positions we hold weights for in FSEV and 102 in QQQ, against full books of 876 and 321.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for FSEV (97.8% of the fund), and 407 for FSEV that do not appear in QQQ (93.4%).
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.
You are not choosing between two funds in isolation.
Whichever of FSEV 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, FSEV or QQQ?
FSEV 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.
Which pays a higher dividend, FSEV or QQQ?
FSEV yields 0.27% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FSEV?
QQQ has a lower expense ratio. FSEV is less concentrated, with 8.3% 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.