FSBD vs QQQ
Fidelity Sustainable Core Plus Bond ETF vs Invesco QQQ Trust, Series 1
Which is better, FSBD or QQQ?
Long Term High Quality against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FSBD is less concentrated, with 32.8% 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 | FSBD | QQQ |
|---|---|---|
| Expense Ratio | 0.36% | 0.18%Best |
| AUM | $13M | $506.1B |
| Dividend Yield | 4.25% | 0.42% |
| Holdings | 526 | 321 |
| Volatility (annualized) | 7.0%Best | 19.4% |
| Max Drawdown | -9.6%Best | -22.8% |
| $10,000 over 3.6 years | $10,953 | $18,739Best |
| Top 10 Weight | 32.8%Best | 46.7% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Long Term High Quality | Large Cap Growth |
| Inception | Apr 19, 2022 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 335 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FSBD has data through Nov 13, 2025 and QQQ through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Apr 21, 2022 to Nov 13, 2025 (3.6 years).
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.4% 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 -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 0.64. They move together some of the time, and apart the rest.
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 0.42% for QQQ.
Holdings Overlap
0.2% of QQQ's money is in holdings FSBD also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 396 days apart, FSBD as of Aug 31, 2025 and QQQ as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 500 positions we hold weights for in FSBD and 101 in QQQ, against full books of 526 and 321.
What only one of them owns
Our book lists 92 positions for QQQ that do not appear in our book for FSBD (96.0% of the fund), and 496 for FSBD that do not appear in QQQ (104.6%).
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 FSBD | Weight in QQQ | Difference |
|---|---|---|---|
| MSTRMicrostrategy Inc Common | 0.01% | 0.23% | 0.22% |
You are not choosing between two funds in isolation.
Whichever of FSBD 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, FSBD or QQQ?
FSBD has an expense ratio of 0.36% while QQQ charges 0.18%. QQQ is the cheaper option, by $18 a year on a $10,000 investment.
Which is riskier, FSBD or QQQ?
QQQ has been the more volatile fund at 19.4% annualized versus 7.0% for FSBD. Worst drawdown: FSBD -9.6% vs QQQ -22.8%.
Should I hold both FSBD and QQQ?
FSBD and QQQ have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FSBD or QQQ?
FSBD yields 4.25% while QQQ yields 0.42%, so FSBD currently pays the higher dividend yield.
Is QQQ better than FSBD?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FSBD is less concentrated, with 32.8% 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.