FENY vs QQQ
FENY vs QQQ
Fidelity MSCI Energy Index ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
FENY has a lower expense ratio. FENY delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FENY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.18% | |
| AUM | $1.7B | $455.8B | |
| Dividend Yield | 2.63% | 0.41% | |
| Holdings | 101 | 108 | |
| YTD Return | +27.89% | +18.20% | |
| 1Y Return | +40.85% | +27.63% | |
| 3Y Return (annualized) | +13.27% | +25.54% | |
| 5Y Return (annualized) | +23.22% | +15.12% | |
| Volatility (annualized) | 28.7% | 30.6% | |
| Max Drawdown | -78.9% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 21, 2013 | Mar 10, 1999 |
FENY vs QQQ Performance
Fidelity MSCI Energy Index ETF (FENY) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FENY returned +40.85% while QQQ returned +27.63%. Year to date, FENY is up 27.89% versus a gain of 18.20% for QQQ.
Over three years, FENY compounded at +13.27% per year against +25.54% for QQQ; over five years the annualized figures are +23.22% and +15.12% respectively. Across the full 13-year window we track, QQQ has the edge at +13.11% annualized vs +3.45%. 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 28.7% for FENY. 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 -78.9% for FENY 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FENY charges 0.08% per year while QQQ charges 0.18%. On a $10,000 position that is $8 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, FENY currently yields 2.63% against 0.41% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, FENY or QQQ?
FENY has an expense ratio of 0.08% while QQQ charges 0.18%. FENY is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, FENY or QQQ?
Over the past year FENY returned +40.85% vs +27.63% for QQQ, so FENY leads on 1-year performance. Over the longest common window we track (13 years), FENY annualized +3.45% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, FENY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 28.7% for FENY. Worst drawdown: FENY -78.9% vs QQQ -83.0%.
Should I hold both FENY and QQQ?
FENY and QQQ have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FENY and QQQ?
FENY and QQQ share 2 common holdings with a 0.5% weight overlap. Combined, they hold 202 unique securities.
Which pays a higher dividend, FENY or QQQ?
FENY yields 2.63% while QQQ yields 0.41%, so FENY currently pays the higher dividend yield.
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