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QQQM vs. FTEC

Last updated Sep 30, 2023

Compare and contrast key facts about Invesco NASDAQ 100 ETF (QQQM) and Fidelity MSCI Information Technology Index ETF (FTEC).

QQQM and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013. Both QQQM and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQM or FTEC.

Key characteristics


QQQMFTEC
YTD Return35.27%30.80%
1Y Return32.67%33.84%
5Y Return (Ann)7.57%16.48%
Sharpe Ratio1.271.23
Daily Std Dev22.78%24.82%
Max Drawdown-35.05%-34.95%

Correlation

0.98
-1.001.00

The correlation between QQQM and FTEC is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

QQQM vs. FTEC - Performance Comparison

In the year-to-date period, QQQM achieves a 35.27% return, which is significantly higher than FTEC's 30.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%MayJuneJulyAugustSeptember
12.31%
8.37%
QQQM
FTEC

Compare stocks, funds, or ETFs


Invesco NASDAQ 100 ETF

Fidelity MSCI Information Technology Index ETF

QQQM vs. FTEC - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.67%, less than FTEC's 0.74% yield.


TTM2022202120202019201820172016201520142013
QQQM
Invesco NASDAQ 100 ETF
0.67%0.84%0.41%0.16%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FTEC
Fidelity MSCI Information Technology Index ETF
0.74%0.93%0.64%0.84%1.07%1.25%1.02%1.34%1.37%1.20%0.20%

QQQM vs. FTEC - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is higher than FTEC's 0.08% expense ratio.

0.15%
0.00%2.15%
0.08%
0.00%2.15%

QQQM vs. FTEC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
QQQM
Invesco NASDAQ 100 ETF
1.27
FTEC
Fidelity MSCI Information Technology Index ETF
1.23

QQQM vs. FTEC - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 1.27, which roughly equals the FTEC Sharpe Ratio of 1.23. The chart below compares the 12-month rolling Sharpe Ratio of QQQM and FTEC.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50MayJuneJulyAugustSeptember
1.27
1.23
QQQM
FTEC

QQQM vs. FTEC - Drawdown Comparison

The maximum QQQM drawdown for the period was -22.42%, roughly equal to the maximum FTEC drawdown of -20.07%. The drawdown chart below compares losses from any high point along the way for QQQM and FTEC


-20.00%-15.00%-10.00%-5.00%0.00%MayJuneJulyAugustSeptember
-10.02%
-9.43%
QQQM
FTEC

QQQM vs. FTEC - Volatility Comparison

The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 4.17%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 4.55%. This indicates that QQQM experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%4.50%5.00%5.50%6.00%MayJuneJulyAugustSeptember
4.17%
4.55%
QQQM
FTEC