QQQN vs. FEMG

Last updated Jul 21, 2026

QQQN (VictoryShares Nasdaq Next 50 ETF) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. QQQN is passively managed, while FEMG is actively managed. QQQN charges 0.18%/yr vs 0.23%/yr for FEMG.

Performance

QQQN vs. FEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Nasdaq Next 50 ETF (QQQN) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQQN

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FEMG

• 1D: 0.06%
• 1M: -2.15%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

QQQN vs. FEMG - Yearly Performance Comparison

	2026 (YTD)
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%
FEMG Fidelity Enhanced Mid Cap Growth ETF	2.16%

QQQN vs. FEMG - Sectors Allocation Comparison

Sectors	QQQN	FEMG
Technology	47.3%	34.2%
Healthcare	19.9%	12.6%
Consumer Cyclical	13.7%	13.9%
Industrials	8.7%	19.3%
Communication Services	5.5%	3.0%
Basic Materials	1.9%	0.7%
Utilities	1.6%	2.6%
Consumer Defensive	1.4%	1.7%
Energy	-	4.2%
Financial Services	-	5.2%
Real Estate	-	2.1%

Return for Risk

QQQN vs. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Nasdaq Next 50 ETF (QQQN) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

QQQN vs. FEMG - Drawdown Comparison

The maximum QQQN drawdown since its inception was 0.00%, smaller than the maximum FEMG drawdown of -4.66%. Use the drawdown chart below to compare losses from any high point for QQQN and FEMG.

Drawdown Indicators

	QQQN	FEMG	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-4.66%	+4.66%
Current Drawdown Current decline from peak	0.00%	-4.55%	+4.55%
Average Drawdown Average peak-to-trough decline	0.00%	-1.63%	+1.63%

Volatility

Volatility by Period

	QQQN	FEMG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	16.65%	-16.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	16.65%	-16.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	16.65%	-16.65%

QQQN vs. FEMG - Expense Ratio Comparison

QQQN has a 0.18% expense ratio, which is lower than FEMG's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQQN vs. FEMG - Dividend Comparison

QQQN has not paid dividends to shareholders, while FEMG's dividend yield for the trailing twelve months is around 0.10%.

Position	TTM
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.10%
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%

Frequently Asked Questions

Which ETF is better, QQQN or FEMG?

On fees, QQQN is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQN or FEMG?

QQQN is cheaper with a 0.18% expense ratio, compared with 0.23% for FEMG.

Which ETF pays a higher dividend yield, QQQN or FEMG?

FEMG has the higher dividend yield at 0.10%, compared with 0.00% for QQQN.

What is the main difference between QQQN and FEMG?

They also come from different issuers: VictoryShares and Fidelity. Their fees differ too: 0.18% for QQQN and 0.23% for FEMG.