FDWM vs QQQ
FDWM vs QQQ
Fidelity Womens Leadership ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FDWM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.18% | |
| AUM | $5M | $455.8B | |
| Dividend Yield | 0.52% | 0.41% | |
| Holdings | 82 | 108 | |
| YTD Return | +17.37% | +18.20% | |
| 1Y Return | +14.55% | +27.63% | |
| 3Y Return (annualized) | +16.64% | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 17.3% | 30.6% | |
| Max Drawdown | -29.1% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 15, 2021 | Mar 10, 1999 |
FDWM vs QQQ Performance
Fidelity Womens Leadership ETF (FDWM) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FDWM returned +14.55% while QQQ returned +27.63%. Year to date, FDWM is up 17.37% versus a gain of 18.20% for QQQ.
Over three years, FDWM compounded at +16.64% per year against +25.54% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.11% annualized vs +7.73%. 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 17.3% for FDWM. 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 -29.1% for FDWM 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDWM charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, FDWM currently yields 0.52% against 0.41% for QQQ.
Holdings Overlap
FDWM and QQQ share 15 holdings out of 174 unique holdings combined, representing a 30.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FDWM | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 7.02% | 7.88% | 0.86% |
| AAPL | 5.91% | 7.46% | 1.55% |
| MSFT | 7.10% | 4.65% | 2.45% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
| GILD | Pro | Pro | Pro |
| ALNY | Pro | Pro | Pro |
| MRVL | Pro | Pro | Pro |
See all 10 holdings FDWM 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, FDWM or QQQ?
FDWM has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, FDWM or QQQ?
Over the past year FDWM returned +14.55% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), FDWM annualized +7.73% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, FDWM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.3% for FDWM. Worst drawdown: FDWM -29.1% vs QQQ -83.0%.
Should I hold both FDWM and QQQ?
FDWM and QQQ have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDWM and QQQ?
FDWM and QQQ share 15 common holdings with a 30.4% weight overlap. Combined, they hold 174 unique securities.
Which pays a higher dividend, FDWM or QQQ?
FDWM yields 0.52% while QQQ yields 0.41%, so FDWM currently pays the higher dividend yield.
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