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QQQ vs. FDVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQ vs. FDVV

Last updated Jun 14, 2026

QQQ (Invesco QQQ ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Both are passively managed. Over the past 5 years, QQQ returned 16.85%/yr vs 13.53%/yr for FDVV. A 0.70 correlation means they provide meaningful diversification when combined. QQQ charges 0.18%/yr vs 0.29%/yr for FDVV.

Performance

QQQ vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, QQQ achieves a 17.57% return, which is significantly higher than FDVV's 9.30% return.

QQQ

1D
0.59%
1M
0.22%
YTD
17.57%
6M
17.85%
1Y
37.55%
3Y*
26.43%
5Y*
16.85%
10Y*
21.79%

FDVV

1D
0.57%
1M
2.54%
YTD
9.30%
6M
9.44%
1Y
23.92%
3Y*
19.75%
5Y*
13.53%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. FDVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQQ
Invesco QQQ ETF		17.57%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%
FDVV
Fidelity High Dividend ETF		9.30%17.08%21.81%18.00%-4.21%29.24%2.80%24.07%-1.26%14.00%

Correlation

The correlation between QQQ and FDVV is 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2016

0.70

The correlation between QQQ and FDVV has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.

QQQ vs. FDVV - Sectors Allocation Comparison

Sectors
QQQ
FDVV

Technology

58.7%
30.5%

Communication Services

14.3%
3.6%

Consumer Cyclical

11.4%
13.6%

Consumer Defensive

6.4%
10.7%

Healthcare

3.7%
3.0%

Industrials

2.6%
3.0%

Utilities

1.2%
8.6%

Basic Materials

1.0%

-

Energy

0.5%

-

Financial Services

0.2%
17.0%

Real Estate

0.1%
9.9%

Technology

QQQ
58.7%
FDVV
30.5%

Communication Services

QQQ
14.3%
FDVV
3.6%

Consumer Cyclical

QQQ
11.4%
FDVV
13.6%

Consumer Defensive

QQQ
6.4%
FDVV
10.7%

Healthcare

QQQ
3.7%
FDVV
3.0%

Industrials

QQQ
2.6%
FDVV
3.0%

Utilities

QQQ
1.2%
FDVV
8.6%

Basic Materials

QQQ
1.0%
FDVV

-

Energy

QQQ
0.5%
FDVV

-

Financial Services

QQQ
0.2%
FDVV
17.0%

Real Estate

QQQ
0.1%
FDVV
9.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco QQQ ETF

Fidelity High Dividend ETF

Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI
Often compared with FDVV:
FDVV vs. SCHDFDVV vs. VYMFDVV vs. VOOFDVV vs. SPYDFDVV vs. FDRRFDVV vs. DESFDVV vs. FGRIX

Return for Risk

QQQ vs. FDVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 7171
Overall Rank
QQQ Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7373
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7070
Martin Ratio Rank
FDVV
FDVV Risk / Return Rank: 7373
Overall Rank
FDVV Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FDVV Sortino Ratio Rank: 8282
Sortino Ratio Rank
FDVV Omega Ratio Rank: 8181
Omega Ratio Rank
FDVV Calmar Ratio Rank: 5656
Calmar Ratio Rank
FDVV Martin Ratio Rank: 6464
Martin Ratio Rank
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.

QQQ vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Fidelity High Dividend ETF (FDVV). 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.

QQQFDVVDifference
Sharpe ratioReturn per unit of total volatility
2.09
2.24

-0.15

Sortino ratioReturn per unit of downside risk
2.73
3.14

-0.41

Omega ratioGain probability vs. loss probability

1.37

1.41

-0.04

Calmar ratioReturn relative to maximum drawdown

3.01

2.44

+0.57

Martin ratioReturn relative to average drawdown

11.22

10.11

+1.11

QQQ vs. FDVV - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.09, which is comparable to the FDVV Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of QQQ and FDVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QQQ vs. FDVV - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for QQQ and FDVV.

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Drawdown Indicators

QQQFDVVDifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-40.25%

-42.72%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-9.30%

-2.66%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-15.90%

-6.87%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-20.18%

-14.94%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

—

—

Current Drawdown

Current decline from peak

-3.33%

-0.29%

-3.04%

Average Drawdown

Average peak-to-trough decline

-32.75%

-3.80%

-28.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

2.24%

+0.96%

Volatility

QQQ vs. FDVV - Volatility Comparison

Invesco QQQ ETF (QQQ) has a higher volatility of 7.56% compared to Fidelity High Dividend ETF (FDVV) at 3.16%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQQFDVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.56%

3.16%

+4.40%

Volatility (6M)

Calculated over the trailing 6-month period

13.81%

8.16%

+5.65%

Volatility (1Y)

Calculated over the trailing 1-year period

17.19%

10.12%

+7.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.55%

14.76%

+7.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.38%

16.98%

+5.40%

QQQ vs. FDVV - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than FDVV's 0.29% expense ratio.

Dividends

QQQ vs. FDVV - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.39%, less than FDVV's 2.70% yield.

PositionTTM20252024202320222021202020192018201720162015
FDVV
Fidelity High Dividend ETF		2.70%2.89%2.94%3.77%3.44%2.70%3.19%3.93%4.05%3.66%1.04%0.00%
QQQ
Invesco QQQ ETF		0.39%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

QQQ and FDVV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (7.56%) compared to FDVV (3.16%). In terms of maximum drawdown, QQQ dropped -82.97% vs FDVV's -40.25%.

On 5-year performance, QQQ leads with 16.85% vs 13.53% for FDVV. On fees, QQQ is cheaper at 0.18% per year. On volatility, FDVV has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QQQ has performed better with a 16.85% return vs 13.53%. 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 0.29% for FDVV.

FDVV has the higher dividend yield at 2.70%, compared with 0.39% for QQQ.

QQQ is categorized as Nasdaq-100, while FDVV is Large Cap Blend Equities. QQQ tracks NASDAQ-100 Index, while FDVV tracks Fidelity Core Dividend Index. They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.18% for QQQ and 0.29% for FDVV.

FDVV currently has the higher Sharpe Ratio (2.24 vs 2.09), 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.

Portfolio Optimizer

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