Dividend comparison

QQQ vs FSPGX: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Invesco QQQ Trust, Series 1 and Fidelity Large Cap Growth Idx, side by side. Updated October 21, 2026.

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QQQ vs FSPGX: key differences
The short answer, from the latest data on this page.
  • Income. QQQ pays more income, yielding 0.53% over the last twelve months versus 0.37% for FSPGX. That is about $15 more a year on $10,000. QQQ pays annual, FSPGX pays semi-annual.
  • Performance. Over the last 5 years, QQQ returned 97.0% versus 74.7% for FSPGX, with dividends reinvested. $10,000 would have grown to $19,698 in QQQ and $17,472 in FSPGX.
  • Risk. QQQ has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -35.1%, against -32.7% for FSPGX.
  • Diversification. QQQ holds 102 positions and FSPGX holds 100. The ten largest positions make up 47.2% of QQQ and 56.8% of FSPGX.
  • Overlap. 58% of the two portfolios overlap by weight, across 49 shared holdings.
  • Dividend growth. QQQ grew its yearly payout 13.3% a year over the last 4 years, versus -29.9% for FSPGX.

Bottom line: QQQ has the edge on these figures, with stronger 5-year returns and faster dividend growth. FSPGX does not lead on any of the measures compared here.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricQQQ
Invesco QQQ Trust, Series 1
FSPGX
Fidelity Large Cap Growth Idx
Dividend yield (TTM)0.53%0.37%
Dividend / share (TTM)$3.79$0.18
Payout frequencyAnnualSemi-annual
Last dividend$0.7514 on Oct 8, 2026$0.0210 on Jun 29, 2026
Ex-dividend dateDec 21, 2026Jun 26, 2026
Next payment$0.7941 on Dec 28, 2026—
Dividend growth (CAGR)13.3% over 4 yrs-29.9% over 4 yrs
Price$717.63$48.03
Dividend growth streak—2 years
Beta1.231.16
Max drawdown (5Y)-35.1%-32.7%
Market cap$479.05B$44.27B
ExchangeNASDAQNASDAQ
Expense ratio0.18%—
Assets under management$487.46B—
Number of holdings102100
Top 10 concentration47.2%56.8%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

QQQ

$4.40/mo

$53 /yr at 0.53% yield

FSPGX

$3.12/mo

$37 /yr at 0.37% yield

Dividend history
Total dividends paid per share in each calendar year. QQQ pays annual; FSPGX pays semi-annual.
YearQQQFSPGX
2025$2.7949$0.1590
2024$3.0623$0.1450
2023$2.3200$0.2160
2022$2.1351$0.1790
2021$1.6968$0.6570
Strategy: Large-cap growth
Funds that hold the faster-growing half of the large-cap market, selected by measures like earnings growth, sales growth and price momentum. In practice that means heavy weights in technology and communication companies, with the largest few names often making up a third of the fund or more. Dividends are small because growth companies reinvest their cash instead of paying it out.

Concentration in a handful of mega-cap stocks makes these funds swing harder than the broad market in both directions, and they offer little current income.

What QQQ vs FSPGX actually do

QQQ
Invesco's fund tracking the Nasdaq-100, the largest non-financial companies listed on the Nasdaq exchange.

The index is modified market-cap weighted and excludes financials by rule, which is why it lands so heavily in technology, communication services and consumer discretionary names. In December 2025 the fund converted from a unit investment trust to a conventional open-end fund and cut its fee, so it can now reinvest income and lend securities like its peers. It remains the most liquid Nasdaq-100 vehicle by a wide margin and the reference asset for a large share of the options-income products in this category.

Suits investors who want concentrated large-cap growth exposure and anyone who needs deep options liquidity. Dividends are incidental, so it does not answer an income mandate on its own.

Growth-tilted core, concentrated

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $19,698 in QQQ and $17,472 in FSPGX.
PeriodQQQFSPGX
1 month-0.43%-0.74%
3 months3.10%2.58%
Year to date17.09%3.80%
1 year17.78%3.71%
3 years105.61%87.76%
5 years96.98%74.72%
  • QQQ
  • FSPGX
61139216202120222023202420252026197175

Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • QQQ
  • FSPGX
0%15%29%44%59%Technology58.8%Communication Services12.1%Consumer Cyclical10.2%Consumer Defensive6.1%Industrials5.5%Healthcare4.4%Utilities1.1%Basic Materials1.0%Energy0.5%Financial Services0.2%Other0.2%
QQQ vs FSPGX holdings overlap
58% overlap by weight, with 49 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsQQQ weightFSPGX weight
NVDANVIDIA Corp8.17%15.45%
AAPLApple Inc7.82%7.45%
MSFTMicrosoft Corp6.19%5.65%
MUMicron Technology Inc4.41%3.24%
GOOGLAlphabet Inc3.15%5.93%
METAMeta Platforms Inc3.28%3.09%
TSLATesla Inc3.02%3.23%
GOOGAlphabet Inc2.94%4.79%
AVGOBroadcom Inc2.49%5.17%
AMDAdvanced Micro Devices Inc3.79%2.30%
Top 10 holdings
Largest positions by portfolio weight.

QQQ102 holdings total

NameWeight
NVDANVIDIA Corp8.17%
AAPLApple Inc7.82%
MSFTMicrosoft Corp6.19%
AMZNAmazon.com Inc4.42%
MUMicron Technology Inc4.41%
AMDAdvanced Micro Devices Inc3.79%
METAMeta Platforms Inc3.28%
GOOGLAlphabet Inc3.15%
TSLATesla Inc3.02%
GOOGAlphabet Inc2.94%

FSPGX100 holdings total

NameWeight
NVDANVIDIA Corp15.45%
AAPLApple Inc7.45%
GOOGLAlphabet Inc Class A5.93%
MSFTMicrosoft Corp5.65%
AVGOBroadcom Inc5.17%
GOOGAlphabet Inc Class C4.79%
MUMicron Technology Inc3.24%
TSLATesla Inc3.23%
METAMeta Platforms Inc Class A3.09%
LLYEli Lilly & Co2.77%

Quick verdict

QQQ has the edge on these figures, with stronger 5-year returns and faster dividend growth. FSPGX does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is QQQ or FSPGX better for dividend income?
It depends on your goals. QQQ currently yields 0.53% Trailing Twelve Months (TTM) while FSPGX yields 0.37%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between QQQ and FSPGX?
Invesco QQQ Trust, Series 1 (QQQ) is an ETF listed on NASDAQ. Fidelity Large Cap Growth Idx (FSPGX) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, QQQ or FSPGX?
Over the last 5 years, QQQ has the higher total return with dividends reinvested: QQQ returned 97.0% and FSPGX returned 74.7%. Past performance does not predict future returns.
Which is riskier, QQQ or FSPGX?
Measured by the worst peak-to-trough decline over the last five years, QQQ has been riskier: QQQ fell as much as 35.1% and FSPGX as much as 32.7%. Their betas are 1.23 and 1.16.
How much do QQQ and FSPGX overlap?
About 58% of the two portfolios overlap by weight, across 49 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do QQQ and FSPGX pay dividends?
QQQ pays annual and FSPGX pays semi-annual.
How much income does $10,000 in QQQ vs FSPGX generate?
At current TTM yields, $10,000 in QQQ would generate roughly $4.40 per month ($53 annually). The same amount in FSPGX would produce about $3.12 per month ($37 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both QQQ and FSPGX?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare QQQ vs FSPGX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QQQ and FSPGX fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.