FYEE vs QQQ
Fidelity Yield Enhanced Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, FYEE or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FYEE is less concentrated, with 39.8% of the fund in its ten largest positions against 47.2%.
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 | FYEE | QQQ |
|---|---|---|
| Expense Ratio | 0.28% | 0.18%Best |
| AUM | $255M | $498.6B |
| Dividend Yield | 8.15% | 0.42% |
| Holdings | 372 | 321 |
| YTD Return | +5.19% | +21.69%Best |
| 1Y Return | +8.45% | +24.10%Best |
| 3Y Return (annualized) | - | +27.05% |
| 5Y Return (annualized) | - | +16.31% |
| Volatility (annualized) | 9.8%Best | 17.2% |
| Max Drawdown | -18.8%Best | -22.8% |
| $10,000 over 2.5 years | $13,502 | $16,898Best |
| Top 10 Weight | 39.8%Best | 47.2% |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Apr 9, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 11, 2024 to Oct 13, 2026 (2.5 years).
FYEE 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 2.5 years both funds cover.
FYEE vs QQQ Performance
Fidelity Yield Enhanced Equity ETF (FYEE) is an ETF from Fidelity Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FYEE returned +8.45% while QQQ returned +24.10%. Year to date, FYEE is up 5.19% versus a gain of 21.69% 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 17.2% compared with 9.8% for FYEE. 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 -18.8% for FYEE 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FYEE 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, FYEE currently yields 8.15% against 0.42% for QQQ.
Holdings Overlap
49.3% of FYEE's money is in holdings QQQ also owns. 72.3% of QQQ's money is in holdings FYEE also owns.
Most of QQQ is already inside FYEE. Owning both mostly buys the same companies twice.
34 positions in common, counted across the 170 positions we hold weights for in FYEE and 102 in QQQ, against full books of 372 and 321.
What only one of them owns
Our book lists 62 positions for QQQ that do not appear in our book for FYEE (25.4% of the fund), and 123 for FYEE that do not appear in QQQ (49.1%).
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 FYEE | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.46% | 8.45% | 0.99% |
| AAPLApple, Inc | 7.18% | 7.80% | 0.62% |
| MSFTMicrosoft Corp | 4.82% | 5.88% | 1.06% |
| AMZNAmazon.Com Inc | 3.87% | 4.41% | 0.54% |
| GOOGLAlphabet Inc,class A | 3.24% | 3.15% | 0.09% |
| MUMicron Technology, Inc. | 1.53% | 4.85% | 3.32% |
| METAMeta Platforms Inc | 2.57% | 3.07% | 0.50% |
| AVGOBroadcom Inc | 2.87% | 2.74% | 0.13% |
| GOOGAlphabet Inc. C | 1.86% | 2.93% | 1.07% |
| AMDAdvanced Micro Devices Inc | 0.66% | 3.71% | 3.05% |
72.3% of QQQ is already inside FYEE.
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, FYEE or QQQ?
FYEE 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, FYEE or QQQ?
Over the past year FYEE returned +8.45% vs +24.10% 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, FYEE or QQQ?
QQQ has been the more volatile fund at 17.2% annualized versus 9.8% for FYEE. Worst drawdown: FYEE -18.8% vs QQQ -22.8%.
Should I hold both FYEE and QQQ?
FYEE and QQQ have a monthly-return correlation of 0.73, 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 FYEE and QQQ?
72.3% of QQQ's money is in holdings FYEE also owns. 72.3% of QQQ's is in holdings FYEE also owns. They hold 34 positions in common, counted across the 170 positions we hold weights for in FYEE and 102 in QQQ.
Which pays a higher dividend, FYEE or QQQ?
FYEE yields 8.15% while QQQ yields 0.42%, so FYEE currently pays the higher dividend yield.
Is QQQ better than FYEE?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FYEE is less concentrated, with 39.8% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.