FBND vs. QQQ
FBND (Fidelity Total Bond ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. FBND is actively managed, while QQQ is passively managed. Over the past 10 years, FBND returned 2.32%/yr vs 20.72%/yr for QQQ. At a 0.12 correlation, their price movements are largely independent. FBND charges 0.36%/yr vs 0.18%/yr for QQQ.
Performance
FBND vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, FBND achieves a 0.27% return, which is significantly lower than QQQ's 13.58% return. Over the past 10 years, FBND has underperformed QQQ with an annualized return of 2.32%, while QQQ has yielded a comparatively higher 20.72% annualized return.
FBND
- 1D
- -0.26%
- 1M
- -0.60%
- 6M
- 0.12%
- YTD
- 0.27%
- 1Y
- 4.12%
- 3Y*
- 4.46%
- 5Y*
- 0.52%
- 10Y*
- 2.32%
- ALL TIME*
- 2.53%
QQQ
- 1D
- 0.10%
- 1M
- -5.91%
- 6M
- 12.30%
- YTD
- 13.58%
- 1Y
- 24.61%
- 3Y*
- 23.54%
- 5Y*
- 14.68%
- 10Y*
- 20.72%
- ALL TIME*
- 10.70%
FBND vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.27% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
QQQ Invesco QQQ ETF | 13.58% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between FBND and QQQ is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.12 |
The correlation between FBND and QQQ shifts across timeframes, from 0.12 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FBND vs. QQQ — Risk / Return Rank
FBND
QQQ
FBND vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Invesco QQQ ETF (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBND | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.07 | -0.52 |
| Martin ratioReturn relative to average drawdown | 4.22 | 7.22 | -3.00 |
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Drawdowns
FBND vs. QQQ - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FBND and QQQ.
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Drawdown Indicators
| FBND | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -82.97% | +65.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -11.96% | +9.30% |
Max Drawdown (3Y)Largest decline over 3 years | -5.61% | -22.77% | +17.16% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -35.12% | +17.87% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | -35.12% | +17.87% |
Current DrawdownCurrent decline from peak | -1.65% | -6.61% | +4.96% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -32.65% | +29.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 3.42% | -2.44% |
Volatility
FBND vs. QQQ - Volatility Comparison
The current volatility for Fidelity Total Bond ETF (FBND) is 1.07%, while Invesco QQQ ETF (QQQ) has a volatility of 7.41%. This indicates that FBND experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBND | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 7.41% | -6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 15.55% | -12.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 18.78% | -14.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 22.81% | -16.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 22.45% | -16.35% |
FBND vs. QQQ - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
FBND vs. QQQ - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.72%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.72% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
FBND and QQQ have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (7.41%) compared to FBND (1.07%). In terms of maximum drawdown, FBND dropped -17.25% vs QQQ's -82.97%.
On 10-year performance, QQQ leads with 20.72% vs 2.32% for FBND. On fees, QQQ is cheaper at 0.18% per year. On volatility, FBND has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQ has performed better with a 20.72% return vs 2.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.72%, compared with 0.44% for QQQ.
FBND is categorized as Intermediate Core-Plus Bond, while QQQ is Nasdaq-100. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.36% for FBND and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (1.32 vs 1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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