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QQQ vs. FTEC

Invesco QQQ Trust, Series 1

QQQ
$--
vs

Fidelity MSCI Information Technology Index ETF

FTEC
$--

Correlation

QQQInvesco QQQ Trust, Series 1
FTECFidelity MSCI Information Technology Index ETF

What is QQQ?

Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.

Snapshot
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QQQ Invesco QQQ Trust, Series 1
FTEC Fidelity MSCI Information Technology Index ETF
Inception date
Mar 10, 1999
Oct 24, 2013
Expense ratio
0.20%
0.08%
QQQ has a higher expense ratio than FTEC by 0.12%. This can indicate that it’s more expensive to invest in QQQ than FTEC.
Type
US Equities
US Equities
QQQ targets investing in US Equities, while FTEC targets investing in US Equities.
Fund owner
Invesco
Fidelity
QQQ is managed by Invesco, while FTEC is managed by Fidelity.
Volume (1m avg. daily)
$17,559,045,883
$25,275,556
Both QQQ and FTEC are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$197,956,569,440
$6,896,905,950
QQQ has more assets under management than FTEC by $191,059,663,490. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
MSCI USA IMI Information Technology 25/50 Index
QQQ is based off of the Nasdaq 100 Index, while FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index
Inverse/Leveraged
No
No
QQQ and FTEC use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
QQQ and FTEC both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
QQQ and FTEC may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
QQQ may issue a K1, while FTEC does not. You can find non-K1 alternatives for QQQ in its “Related ETFs” section.

Automated Strategies
Related toQQQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toFTEC

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

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Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.