FSYD vs QQQ
Fidelity Sustainable High Yield ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. FSYD offers more diversification with 411 holdings.
Side-by-Side Comparison
| Metric | FSYD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $145M | $496.3B | |
| Dividend Yield | 6.99% | 0.44% | |
| Holdings | 411 | 108 | |
| YTD Return | +3.65% | +16.23% | |
| 1Y Return | +7.76% | +26.23% | |
| 3Y Return (annualized) | +9.48% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 7.9% | 30.6% | |
| Max Drawdown | -12.1% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 15, 2022 | Mar 10, 1999 |
FSYD vs QQQ Performance
Fidelity Sustainable High Yield ETF (FSYD) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FSYD returned +7.76% while QQQ returned +26.23%. Year to date, FSYD is up 3.65% versus a gain of 16.23% for QQQ.
Over three years, FSYD compounded at +9.48% per year against +25.75% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.02% annualized vs +5.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.9% for FSYD. 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 -12.1% for FSYD and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FSYD charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, FSYD currently yields 6.99% against 0.44% for QQQ.
Holdings Overlap
FSYD and QQQ share 0 holdings out of 110 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FSYD or QQQ?
FSYD has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, FSYD or QQQ?
Over the past year FSYD returned +7.76% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), FSYD annualized +5.82% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, FSYD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.9% for FSYD. Worst drawdown: FSYD -12.1% vs QQQ -83.0%.
Should I hold both FSYD and QQQ?
FSYD and QQQ have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FSYD and QQQ?
FSYD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 110 unique securities.
Which pays a higher dividend, FSYD or QQQ?
FSYD yields 6.99% while QQQ yields 0.44%, so FSYD currently pays the higher dividend yield.
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