FDCF vs QQQ
Fidelity Disruptive Communications ETF vs Invesco QQQ Trust, Series 1
Which is better, FDCF or QQQ?
Each has led over a different period.
QQQ has a lower expense ratio. FDCF led over 3Y, QQQ over 1Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 54.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FDCF | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $103M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 77 | 321 |
| YTD Return | +5.97% | +19.30%Best |
| 1Y Return | +6.73% | +22.47%Best |
| 3Y Return (annualized) | +26.66%Best | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 17.0%Best | 17.1% |
| Max Drawdown | -22.5%Best | -22.8% |
| $10,000 over 3.3 years | $20,159 | $20,446Best |
| Top 10 Weight | 54.3% | 46.7%Best |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 16, 2020 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 12, 2023 to Oct 14, 2026 (3.3 years).
FDCF vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.3 years both funds cover.
FDCF vs QQQ Performance
Fidelity Disruptive Communications ETF (FDCF) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FDCF returned +6.73% while QQQ returned +22.47%. Year to date, FDCF is up 5.97% versus a gain of 19.30% for QQQ.
Over three years, FDCF compounded at +26.66% per year against +26.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 17.0% for FDCF. 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 -22.5% for FDCF and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDCF charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, FDCF currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
48.8% of FDCF's money is in holdings QQQ also owns. 37.6% of QQQ's money is in holdings FDCF also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 35 positions we hold weights for in FDCF and 101 in QQQ, against full books of 77 and 321.
What only one of them owns
Our book lists 79 positions for QQQ that do not appear in our book for FDCF (58.7% of the fund), and 16 for FDCF that do not appear in QQQ (39.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FDCF | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 6.05% | 8.33% | 2.28% |
| AAPLApple, Inc | 5.14% | 7.35% | 2.21% |
| METAMeta Platforms Inc Class A | 8.55% | 3.26% | 5.29% |
| GOOGLAlphabet Inc Cl A | 7.79% | 3.05% | 4.74% |
| AMZNAmazon.Com Inc | 4.90% | 4.07% | 0.83% |
| MSFTMicrosoft Corp | 1.22% | 5.76% | 4.54% |
| SPCXSpace Exploration Technologies | 3.92% | 2.70% | 1.22% |
| APPAppLovin Corp. Com Cl A | 2.64% | 0.37% | 2.27% |
| WBDWarner Bros Discovery Inc | 2.69% | 0.32% | 2.37% |
| CDNSCadence Design Sys. Inc | 1.93% | 0.38% | 1.55% |
48.8% of FDCF is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FDCF or QQQ?
FDCF has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, FDCF or QQQ?
Over the past year FDCF returned +6.73% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDCF or QQQ?
QQQ has been the more volatile fund at 17.1% annualized versus 17.0% for FDCF. Worst drawdown: FDCF -22.5% vs QQQ -22.8%.
Should I hold both FDCF and QQQ?
FDCF and QQQ have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FDCF and QQQ?
48.8% of FDCF's money is in holdings QQQ also owns. 37.6% of QQQ's is in holdings FDCF also owns. They hold 14 positions in common, counted across the 35 positions we hold weights for in FDCF and 101 in QQQ.
Which pays a higher dividend, FDCF or QQQ?
FDCF yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FDCF?
QQQ has a lower expense ratio. FDCF led over 3Y, QQQ over 1Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 54.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.