FSEV vs QQQ
Fidelity Enhanced Small Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FSEV offers more diversification with 383 holdings.
Side-by-Side Comparison
| Metric | FSEV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.18% | |
| AUM | $7M | $496.3B | |
| Dividend Yield | 0.27% | 0.44% | |
| Holdings | 383 | 108 | |
| YTD Return | +8.28% | +17.07% | |
| 1Y Return | - | +26.39% | |
| 3Y Return (annualized) | - | +26.08% | |
| 5Y Return (annualized) | - | +15.18% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -4.2% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 28, 2026 | Mar 10, 1999 |
FSEV vs QQQ Performance
Fidelity Enhanced Small Cap Value ETF (FSEV) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, FSEV is up 8.28% versus a gain of 17.07% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -4.2% for FSEV and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 0.44% for QQQ.
Holdings Overlap
FSEV and QQQ share 1 holdings out of 484 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FSEV | Weight in QQQ | Difference |
|---|---|---|---|
| CRWD | 0.36% | 0.94% | 0.58% |
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. On a $10,000 investment, that is $10 per year of difference.
What is the holdings overlap between FSEV and QQQ?
FSEV and QQQ share 1 common holdings with a 0.4% weight overlap. Combined, they hold 484 unique securities.
Which pays a higher dividend, FSEV or QQQ?
FSEV yields 0.27% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.