FDRV vs. QQQM

Last updated Jun 3, 2026

FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - FDRV is a Transportation Equities fund actively managed by Fidelity, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. FDRV is actively managed, while QQQM is passively managed. Over the past 3 years, FDRV returned 7.44%/yr vs 28.98%/yr for QQQM. A 0.76 correlation means they provide meaningful diversification when combined. FDRV charges 0.39%/yr vs 0.15%/yr for QQQM.

Performance

FDRV vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDRV achieves a 32.06% return, which is significantly higher than QQQM's 21.64% return.

FDRV

• 1D: 3.68%
• 1M: 12.17%
• YTD: 32.06%
• 6M: 32.82%
• 1Y: 57.85%
• 3Y*: 7.44%
• 5Y*: —
• 10Y*: —

QQQM

• 1D: 0.46%
• 1M: 10.70%
• YTD: 21.64%
• 6M: 20.29%
• 1Y: 43.37%
• 3Y*: 28.98%
• 5Y*: 18.52%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDRV vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FDRV Fidelity Electric Vehicles and Future Transportation ETF	32.06%	24.32%	-21.73%	12.27%	-44.23%	7.00%
QQQM Invesco NASDAQ 100 ETF	21.64%	20.85%	25.68%	55.01%	-32.52%	9.74%

Correlation

The correlation between FDRV and QQQM is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021	0.76

The correlation between FDRV and QQQM shifts across timeframes, from 0.66 (3 years) to 0.76 (all time), reflecting how their relationship changes across market environments.

FDRV vs. QQQM - Sectors Allocation Comparison

Sectors	FDRV	QQQM
Consumer Cyclical	42.8%	12.3%
Technology	40.7%	53.8%
Industrials	12.3%	2.8%
Basic Materials	4.3%	1.1%
Communication Services	-	15.8%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

FDRV vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDRV

FDRV Risk / Return Rank: 66
FDRV Sharpe Ratio Rank: 69
FDRV Sortino Ratio Rank: 64
FDRV Omega Ratio Rank: 62
FDRV Calmar Ratio Rank: 72
FDRV Martin Ratio Rank: 62

QQQM

QQQM Risk / Return Rank: 77
QQQM Sharpe Ratio Rank: 83
QQQM Sortino Ratio Rank: 78
QQQM Omega Ratio Rank: 78
QQQM Calmar Ratio Rank: 73
QQQM Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDRV vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Invesco NASDAQ 100 ETF (QQQM). 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.

	FDRV	QQQM	Difference
Sharpe ratio Return per unit of total volatility	2.32	2.74	-0.42
Sortino ratio Return per unit of downside risk	3.01	3.56	-0.55
Omega ratio Gain probability vs. loss probability	1.38	1.47	-0.09
Calmar ratio Return relative to maximum drawdown	3.66	3.72	-0.06
Martin ratio Return relative to average drawdown	11.36	14.29	-2.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDRV vs. QQQM - Sharpe Ratio Comparison

The current FDRV Sharpe Ratio is 2.32, which is comparable to the QQQM Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of FDRV and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDRV	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.74	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.85	-0.95

Drawdowns

FDRV vs. QQQM - Drawdown Comparison

The maximum FDRV drawdown since its inception was -63.89%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for FDRV and QQQM.

Drawdown Indicators

	FDRV	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-63.89%	-35.04%	-28.85%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-11.96%	-3.66%
Max Drawdown (3Y) Largest decline over 3 years	-48.45%	-22.70%	-25.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-26.94%	0.00%	-26.94%
Average Drawdown Average peak-to-trough decline	-42.36%	-8.26%	-34.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	3.11%	+1.92%

Volatility

FDRV vs. QQQM - Volatility Comparison

Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has a higher volatility of 8.95% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.47%. This indicates that FDRV's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDRV	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.95%	4.47%	+4.48%
Volatility (6M) Calculated over the trailing 6-month period	18.48%	12.06%	+6.42%
Volatility (1Y) Calculated over the trailing 1-year period	25.08%	15.92%	+9.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.04%	22.24%	+9.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.04%	22.13%	+9.91%

FDRV vs. QQQM - Expense Ratio Comparison

FDRV has a 0.39% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

FDRV vs. QQQM - Dividend Comparison

FDRV's dividend yield for the trailing twelve months is around 1.02%, more than QQQM's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FDRV Fidelity Electric Vehicles and Future Transportation ETF	1.02%	1.14%	0.43%	0.24%	0.33%	0.04%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.41%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both FDRV and QQQM in my portfolio?

FDRV and QQQM have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDRV or QQQM?

FDRV has higher volatility (8.95%) compared to QQQM (4.47%). In terms of maximum drawdown, FDRV dropped -63.89% vs QQQM's -35.04%.

Which ETF is better, FDRV or QQQM?

On 3-year performance, QQQM leads with 28.98% vs 7.44% for FDRV. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDRV or QQQM?

Over the 3-year period, QQQM has performed better with a 28.98% return vs 7.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDRV or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.39% for FDRV.

Which ETF pays a higher dividend yield, FDRV or QQQM?

FDRV has the higher dividend yield at 1.02%, compared with 0.41% for QQQM.

What is the main difference between FDRV and QQQM?

FDRV is categorized as Transportation Equities, while QQQM is Nasdaq-100. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.39% for FDRV and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.74 vs 2.32), 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.