FLDB vs QQQ
FLDB vs QQQ
Fidelity Low Duration Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. FLDB offers more diversification with 335 holdings.
Side-by-Side Comparison
| Metric | FLDB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $409M | $455.8B | |
| Dividend Yield | 4.76% | 0.41% | |
| Holdings | 394 | 108 | |
| YTD Return | +1.95% | +12.48% | |
| 1Y Return | +4.04% | +22.35% | |
| 3Y Return (annualized) | - | +22.30% | |
| 5Y Return (annualized) | - | +14.24% | |
| Volatility (annualized) | 0.4% | 30.6% | |
| Max Drawdown | -0.5% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 22, 2024 | Mar 10, 1999 |
FLDB vs QQQ Performance
Fidelity Low Duration Bond ETF (FLDB) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FLDB returned +4.04% while QQQ returned +22.35%. Year to date, FLDB is up 1.95% versus a gain of 12.48% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 0.4% for FLDB. 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 -0.5% for FLDB 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLDB charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, FLDB currently yields 4.76% against 0.41% for QQQ.
Holdings Overlap
FLDB and QQQ share 0 holdings out of 438 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, FLDB or QQQ?
FLDB has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, FLDB or QQQ?
Over the past year FLDB returned +4.04% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FLDB annualized +4.65% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, FLDB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 0.4% for FLDB. Worst drawdown: FLDB -0.5% vs QQQ -83.0%.
Should I hold both FLDB and QQQ?
FLDB and QQQ have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLDB and QQQ?
FLDB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 438 unique securities.
Which pays a higher dividend, FLDB or QQQ?
FLDB yields 4.76% while QQQ yields 0.41%, so FLDB currently pays the higher dividend yield.
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