FSBD vs QQQ
FSBD vs QQQ
Fidelity Sustainable Core Plus Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. FSBD offers more diversification with 500 holdings.
Side-by-Side Comparison
| Metric | FSBD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.18% | |
| AUM | $13M | $455.8B | |
| Dividend Yield | 4.25% | 0.41% | |
| Holdings | 526 | 108 | |
| YTD Return | +4.99% | +14.45% | |
| 1Y Return | +5.11% | +24.70% | |
| 3Y Return (annualized) | +5.29% | +24.19% | |
| 5Y Return (annualized) | - | +14.49% | |
| Volatility (annualized) | 7.0% | 30.6% | |
| Max Drawdown | -9.6% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 19, 2022 | Mar 10, 1999 |
FSBD vs QQQ Performance
Fidelity Sustainable Core Plus Bond ETF (FSBD) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FSBD returned +5.11% while QQQ returned +24.70%. Year to date, FSBD is up 4.99% versus a gain of 14.45% for QQQ.
Over three years, FSBD compounded at +5.29% per year against +24.19% for QQQ. Across the full 4-year window we track, QQQ has the edge at +12.98% annualized vs +2.56%. 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 7.0% for FSBD. 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 -9.6% for FSBD 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FSBD charges 0.36% per year while QQQ charges 0.18%. On a $10,000 position that is $36 vs $18 annually, a gap of $18 per year that compounds over a long holding period. On income, FSBD currently yields 4.25% against 0.41% for QQQ.
Holdings Overlap
FSBD and QQQ share 1 holdings out of 602 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FSBD | Weight in QQQ | Difference |
|---|---|---|---|
| MSTR | 0.01% | 0.13% | 0.12% |
Frequently Asked Questions
Which is cheaper, FSBD or QQQ?
FSBD has an expense ratio of 0.36% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, FSBD or QQQ?
Over the past year FSBD returned +5.11% vs +24.70% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), FSBD annualized +2.56% vs +12.98% for QQQ. Past performance does not guarantee future results.
Which is riskier, FSBD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.0% for FSBD. Worst drawdown: FSBD -9.6% vs QQQ -83.0%.
Should I hold both FSBD and QQQ?
FSBD and QQQ have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FSBD and QQQ?
FSBD and QQQ share 1 common holdings with a 0.0% weight overlap. Combined, they hold 602 unique securities.
Which pays a higher dividend, FSBD or QQQ?
FSBD yields 4.25% while QQQ yields 0.41%, so FSBD currently pays the higher dividend yield.
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