FEQD.L vs. QQQM

Last updated Jun 5, 2026

FEQD.L (Fidelity Europe Quality Income UCITS ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - FEQD.L is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, FEQD.L returned 7.92%/yr vs 19.21%/yr for QQQM. At a 0.33 correlation, their price movements are largely independent. FEQD.L charges 0.30%/yr vs 0.15%/yr for QQQM.

Performance

FEQD.L vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Europe Quality Income UCITS ETF (FEQD.L) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FEQD.L is traded in GBP, while QQQM is traded in USD. To make them comparable, the QQQM values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEQD.L achieves a 7.24% return, which is significantly lower than QQQM's 21.22% return.

FEQD.L

• 1D: 0.66%
• 1M: 3.00%
• YTD: 7.24%
• 6M: 8.98%
• 1Y: 19.46%
• 3Y*: 13.43%
• 5Y*: 7.92%
• 10Y*: —

QQQM

• 1D: -0.54%
• 1M: 9.66%
• YTD: 21.22%
• 6M: 18.39%
• 1Y: 42.20%
• 3Y*: 25.41%
• 5Y*: 19.21%
• 10Y*: —

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

FEQD.L vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FEQD.L Fidelity Europe Quality Income UCITS ETF	7.24%	23.82%	1.33%	15.49%	-11.08%	17.26%	5.37%
QQQM Invesco NASDAQ 100 ETF	21.22%	12.24%	27.88%	47.26%	-24.49%	28.66%	1.00%

Correlation

The correlation between FEQD.L and QQQM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020	0.33

FEQD.L vs. QQQM - Sectors Allocation Comparison

Sectors	FEQD.L	QQQM
Financial Services	24.3%	0.2%
Industrials	19.8%	2.8%
Healthcare	12.8%	4.2%
Technology	9.1%	53.8%
Consumer Cyclical	7.9%	12.3%
Consumer Defensive	6.7%	7.7%
Energy	5.4%	0.6%
Basic Materials	4.9%	1.1%
Utilities	4.7%	1.4%
Communication Services	3.6%	15.8%
Real Estate	1.0%	0.1%

Return for Risk

FEQD.L vs. QQQM — Risk / Return Rank

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

FEQD.L

FEQD.L Risk / Return Rank: 43
FEQD.L Sharpe Ratio Rank: 44
FEQD.L Sortino Ratio Rank: 44
FEQD.L Omega Ratio Rank: 44
FEQD.L Calmar Ratio Rank: 41
FEQD.L Martin Ratio Rank: 42

QQQM

QQQM Risk / Return Rank: 75
QQQM Sharpe Ratio Rank: 81
QQQM Sortino Ratio Rank: 76
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 70
QQQM Martin Ratio Rank: 71

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.

FEQD.L vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Quality Income UCITS ETF (FEQD.L) 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.

	FEQD.L	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.78	-1.25
Sortino ratio: Return per unit of downside risk	2.16	3.54	-1.38
Omega ratio: Gain probability vs. loss probability	1.28	1.49	-0.21
Calmar ratio: Return relative to maximum drawdown	2.01	3.57	-1.56
Martin ratio: Return relative to average drawdown	6.72	10.77	-4.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEQD.L vs. QQQM - Sharpe Ratio Comparison

The current FEQD.L Sharpe Ratio is 1.53, which is lower than the QQQM Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of FEQD.L 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

	FEQD.L	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	2.78	-1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.92	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.85	-0.34

Drawdowns

FEQD.L vs. QQQM - Drawdown Comparison

The maximum FEQD.L drawdown since its inception was -26.58%, roughly equal to the maximum QQQM drawdown of -27.83%. Use the drawdown chart below to compare losses from any high point for FEQD.L and QQQM.

Drawdown Indicators

	FEQD.L	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-26.58%	-27.83%	+1.25%
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	-11.88%	+2.24%
Max Drawdown (3Y) Largest decline over 3 years	-12.44%	-24.83%	+12.39%
Max Drawdown (5Y) Largest decline over 5 years	-23.06%	-27.83%	+4.77%
Current Drawdown Current decline from peak	-1.62%	-0.54%	-1.08%
Average Drawdown Average peak-to-trough decline	-4.90%	-6.83%	+1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	3.93%	-1.04%

Volatility

FEQD.L vs. QQQM - Volatility Comparison

The current volatility for Fidelity Europe Quality Income UCITS ETF (FEQD.L) is 3.32%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 3.95%. This indicates that FEQD.L experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEQD.L	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	3.95%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	10.91%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	15.26%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	20.97%	-6.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	20.98%	-5.99%

FEQD.L vs. QQQM - Expense Ratio Comparison

FEQD.L has a 0.30% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

FEQD.L vs. QQQM - Dividend Comparison

FEQD.L has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.42%.

Position	TTM	2025	2024	2023	2022	2021	2020
FEQD.L Fidelity Europe Quality Income UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.42%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both FEQD.L and QQQM in my portfolio?

FEQD.L and QQQM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEQD.L or QQQM?

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEQD.L or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.30% for FEQD.L.

What is the main difference between FEQD.L and QQQM?

FEQD.L is categorized as Europe Equities, while QQQM is Nasdaq-100. FEQD.L tracks MSCI Europe High Div Yld NR EUR, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: FIL Investment Management (Luxembourg) S.A., Irela and Invesco. Their fees differ too: 0.30% for FEQD.L and 0.15% for QQQM.