FDV vs. QQQ
Compare and contrast key facts about Federated Hermes U.S. Strategic Dividend ETF (FDV) and Invesco QQQ (QQQ).
FDV and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDV is an actively managed fund by Federated. It was launched on Nov 15, 2022. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDV or QQQ.
Correlation
The correlation between FDV and QQQ is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FDV vs. QQQ - Performance Comparison
Key characteristics
FDV:
2.13
QQQ:
1.30
FDV:
2.95
QQQ:
1.78
FDV:
1.37
QQQ:
1.24
FDV:
3.11
QQQ:
1.76
FDV:
8.97
QQQ:
6.08
FDV:
2.60%
QQQ:
3.92%
FDV:
10.97%
QQQ:
18.35%
FDV:
-16.70%
QQQ:
-82.98%
FDV:
0.00%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, FDV achieves a 7.29% return, which is significantly higher than QQQ's 2.90% return.
FDV
7.29%
4.53%
6.47%
22.23%
N/A
N/A
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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FDV vs. QQQ - Expense Ratio Comparison
FDV has a 0.50% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FDV vs. QQQ — Risk-Adjusted Performance Rank
FDV
QQQ
FDV vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. Strategic Dividend ETF (FDV) and Invesco QQQ (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.
Dividends
FDV vs. QQQ - Dividend Comparison
FDV's dividend yield for the trailing twelve months is around 2.94%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDV Federated Hermes U.S. Strategic Dividend ETF | 2.94% | 3.12% | 3.55% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FDV vs. QQQ - Drawdown Comparison
The maximum FDV drawdown since its inception was -16.70%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FDV and QQQ. For additional features, visit the drawdowns tool.
Volatility
FDV vs. QQQ - Volatility Comparison
The current volatility for Federated Hermes U.S. Strategic Dividend ETF (FDV) is 2.82%, while Invesco QQQ (QQQ) has a volatility of 5.02%. This indicates that FDV 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.