QQQ vs. FIDI
QQQ (Invesco QQQ ETF) and FIDI (Fidelity International High Dividend ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while FIDI is a Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, QQQ returned 16.98%/yr vs 10.29%/yr for FIDI. A 0.52 correlation means they provide meaningful diversification when combined. QQQ charges 0.18%/yr vs 0.39%/yr for FIDI.
Performance
QQQ vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 16.71% return, which is significantly higher than FIDI's 8.46% return.
QQQ
- 1D
- 1.56%
- 1M
- 0.68%
- YTD
- 16.71%
- 6M
- 15.00%
- 1Y
- 35.78%
- 3Y*
- 27.15%
- 5Y*
- 16.98%
- 10Y*
- 21.59%
FIDI
- 1D
- 0.40%
- 1M
- -0.68%
- YTD
- 8.46%
- 6M
- 11.86%
- 1Y
- 24.12%
- 3Y*
- 18.54%
- 5Y*
- 10.29%
- 10Y*
- —
QQQ vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 16.71% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -6.17% |
FIDI Fidelity International High Dividend ETF | 8.46% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between QQQ and FIDI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.52 |
The correlation between QQQ and FIDI has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
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Return for Risk
QQQ vs. FIDI — Risk / Return Rank
QQQ
FIDI
QQQ vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Fidelity International High Dividend ETF (FIDI). 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.
| QQQ | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.48 | -0.48 |
| Martin ratioReturn relative to average drawdown | 11.43 | 12.34 | -0.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQ | FIDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.07 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.70 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.31 | +0.10 |
Drawdowns
QQQ vs. FIDI - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than FIDI's maximum drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for QQQ and FIDI.
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Drawdown Indicators
| QQQ | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -46.34% | -36.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -6.96% | -5.00% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -12.09% | -10.68% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -26.05% | -9.07% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | — | — |
Current DrawdownCurrent decline from peak | -4.03% | -2.66% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -32.77% | -9.78% | -22.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 1.96% | +1.18% |
Volatility
QQQ vs. FIDI - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 6.84% compared to Fidelity International High Dividend ETF (FIDI) at 2.61%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 2.61% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 9.13% | +4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 11.70% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.49% | 14.85% | +7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 18.72% | +3.64% |
QQQ vs. FIDI - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
QQQ vs. FIDI - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, less than FIDI's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.14% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% | 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 FIDI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (6.84%) compared to FIDI (2.61%). In terms of maximum drawdown, QQQ dropped -82.97% vs FIDI's -46.34%.
On 5-year performance, QQQ leads with 16.98% vs 10.29% for FIDI. On fees, QQQ is cheaper at 0.18% per year. On volatility, FIDI has been the lower-risk option at 2.61%. 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 16.98% return vs 10.29%. 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 0.39% for FIDI.
FIDI has the higher dividend yield at 4.14%, compared with 0.39% for QQQ.
QQQ is categorized as Nasdaq-100, while FIDI is Foreign Large Cap Equities. QQQ tracks NASDAQ-100 Index, while FIDI tracks Fidelity® International High Dividend Index. They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.18% for QQQ and 0.39% for FIDI.
QQQ currently has the higher Sharpe Ratio (2.15 vs 2.07), 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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