FSLD vs QQQ
FSLD vs QQQ
Fidelity Sustainable Low Duration Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. FSLD offers more diversification with 231 holdings.
Side-by-Side Comparison
| Metric | FSLD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $5M | $455.8B | |
| Dividend Yield | 4.40% | 0.41% | |
| Holdings | 227 | 108 | |
| YTD Return | +2.46% | +18.34% | |
| 1Y Return | +2.96% | +28.94% | |
| 3Y Return (annualized) | +4.63% | +25.28% | |
| 5Y Return (annualized) | - | +15.22% | |
| Volatility (annualized) | 0.8% | 30.6% | |
| Max Drawdown | -0.6% | -83.0% | |
| Fund Family | Fidelity Investments (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 19, 2022 | Mar 10, 1999 |
FSLD vs QQQ Performance
Fidelity Sustainable Low Duration Bond ETF (FSLD) is a ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FSLD returned +2.96% while QQQ returned +28.94%. Year to date, FSLD is up 2.46% versus a gain of 18.34% for QQQ.
Over three years, FSLD compounded at +4.63% per year against +25.28% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.12% annualized vs +4.04%. 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 0.8% for FSLD. 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 -0.6% for FSLD 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FSLD 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, FSLD currently yields 4.40% against 0.41% for QQQ.
Holdings Overlap
FSLD and QQQ share 0 holdings out of 334 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, FSLD or QQQ?
FSLD 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, FSLD or QQQ?
Over the past year FSLD returned +2.96% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), FSLD annualized +4.04% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, FSLD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 0.8% for FSLD. Worst drawdown: FSLD -0.6% vs QQQ -83.0%.
Should I hold both FSLD and QQQ?
FSLD and QQQ have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FSLD and QQQ?
FSLD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 334 unique securities.
Which pays a higher dividend, FSLD or QQQ?
FSLD yields 4.40% while QQQ yields 0.41%, so FSLD currently pays the higher dividend yield.
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