FDVV vs QQQ
FDVV vs QQQ
Fidelity High Dividend ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
FDVV has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FDVV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.18% | |
| AUM | $9.7B | $455.8B | |
| Dividend Yield | 2.87% | 0.41% | |
| Holdings | 102 | 108 | |
| YTD Return | +14.00% | +18.34% | |
| 1Y Return | +22.82% | +28.94% | |
| 3Y Return (annualized) | +19.85% | +25.28% | |
| 5Y Return (annualized) | +14.80% | +15.22% | |
| Volatility (annualized) | 16.1% | 30.6% | |
| Max Drawdown | -41.1% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | Mar 10, 1999 |
FDVV vs QQQ Performance
Fidelity High Dividend ETF (FDVV) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FDVV returned +22.82% while QQQ returned +28.94%. Year to date, FDVV is up 14.00% versus a gain of 18.34% for QQQ.
Over three years, FDVV compounded at +19.85% per year against +25.28% for QQQ; over five years the annualized figures are +14.80% and +15.22% respectively. Across the full 10-year window we track, QQQ has the edge at +13.12% annualized vs +11.94%. 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 16.1% for FDVV. 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 -41.1% for FDVV 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDVV charges 0.15% per year while QQQ charges 0.18%. On a $10,000 position that is $15 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, FDVV currently yields 2.87% against 0.41% for QQQ.
Holdings Overlap
FDVV and QQQ share 20 holdings out of 180 unique holdings combined, representing a 26.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FDVV | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 6.76% | 7.88% | 1.12% |
| AAPL | 5.98% | 7.46% | 1.48% |
| MSFT | 4.05% | 4.65% | 0.60% |
| AVGO | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| SBUX | Pro | Pro | Pro |
| AEP | Pro | Pro | Pro |
See all 10 holdings FDVV shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FDVV or QQQ?
FDVV has an expense ratio of 0.15% while QQQ charges 0.18%. FDVV is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, FDVV or QQQ?
Over the past year FDVV returned +22.82% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), FDVV annualized +11.94% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, FDVV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.1% for FDVV. Worst drawdown: FDVV -41.1% vs QQQ -83.0%.
Should I hold both FDVV and QQQ?
FDVV and QQQ have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDVV and QQQ?
FDVV and QQQ share 20 common holdings with a 26.7% weight overlap. Combined, they hold 180 unique securities.
Which pays a higher dividend, FDVV or QQQ?
FDVV yields 2.87% while QQQ yields 0.41%, so FDVV currently pays the higher dividend yield.
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