FENI vs QQQ
Fidelity Enhanced International ETF vs Invesco QQQ Trust, Series 1
Which is better, FENI or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. FENI is less concentrated, with 15.8% of the fund in its ten largest positions against 46.7%.
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 | FENI | QQQ |
|---|---|---|
| Expense Ratio | 0.28% | 0.18%Best |
| AUM | $11.5B | $506.1B |
| Dividend Yield | 3.05% | 0.42% |
| Holdings | 883 | 321 |
| YTD Return | +8.98% | +19.30%Best |
| 1Y Return | +15.83% | +22.47%Best |
| 3Y Return (annualized) | +20.24% | +26.18%Best |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 11.6%Best | 16.7% |
| Max Drawdown | -14.2%Best | -22.8% |
| $10,000 over 2.9 years | $17,066 | $18,976Best |
| Top 10 Weight | 15.8%Best | 46.7% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Nov 20, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 20, 2023 to Oct 14, 2026 (2.9 years).
FENI 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 2.9 years both funds cover.
FENI vs QQQ Performance
Fidelity Enhanced International ETF (FENI) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FENI returned +15.83% while QQQ returned +22.47%. Year to date, FENI is up 8.98% versus a gain of 19.30% for QQQ.
Over three years, FENI compounded at +20.24% 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 16.7% compared with 11.6% for FENI. 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 -14.2% for FENI 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 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FENI charges 0.28% per year while QQQ charges 0.18%. On a $10,000 position that is $28 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, FENI currently yields 3.05% against 0.42% for QQQ.
Holdings Overlap
3.6% of FENI's money is in holdings QQQ also owns. 0.7% of QQQ's money is in holdings FENI also owns.
FENI and QQQ share little of their money.
1 positions in common, counted across the 423 positions we hold weights for in FENI and 101 in QQQ, against full books of 883 and 321.
What only one of them owns
Our book lists 93 positions for QQQ that do not appear in our book for FENI (96.3% of the fund), and 5 for FENI that do not appear in QQQ (1.8%).
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 FENI | Weight in QQQ | Difference |
|---|---|---|---|
| ASML:ASASML HOLDING NV | 3.58% | 0.71% | 2.87% |
You are not choosing between two funds in isolation.
Whichever of FENI and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FENI or QQQ?
FENI has an expense ratio of 0.28% while QQQ charges 0.18%. QQQ is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, FENI or QQQ?
Over the past year FENI returned +15.83% 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, FENI or QQQ?
QQQ has been the more volatile fund at 16.7% annualized versus 11.6% for FENI. Worst drawdown: FENI -14.2% vs QQQ -22.8%.
Should I hold both FENI and QQQ?
FENI and QQQ have a monthly-return correlation of 0.40, 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 FENI and QQQ?
3.6% of FENI's money is in holdings QQQ also owns. 0.7% of QQQ's is in holdings FENI also owns. They hold 1 positions in common, counted across the 423 positions we hold weights for in FENI and 101 in QQQ.
Which pays a higher dividend, FENI or QQQ?
FENI yields 3.05% while QQQ yields 0.42%, so FENI currently pays the higher dividend yield.
Is QQQ better than FENI?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. FENI is less concentrated, with 15.8% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.