Equivalent of QQQ at Fidelity

Fidelity does not have a direct equivalent to the Invesco QQQ Trust (QQQ) ETF in its portfolio. However, Fidelity offers several ETFs that have a similar investment objective and strategy. Here are the equivalent ETFs from Fidelity that you may consider:

1. Fidelity Nasdaq Composite Index ETF (ONEQ): This ETF tracks the Nasdaq Composite Index closely, similar to how QQQ tracks the Nasdaq 100 Index. ONEQ aims to replicate the performance of the Nasdaq Composite, which includes a broader range of stocks than the Nasdaq 100.
2. Fidelity MSCI Information Technology Index ETF (FTEC): This ETF tracks the MSCI US Investable Market Information Technology 25/50 Index and has a similar focus on the technology sector. While it doesn't replicate the exact composition of the Nasdaq Composite, it offers exposure to leading U.S. technology companies.

While these Fidelity ETFs share some similarities with QQQ, it's important to note the following differences:

• Composition: ONEQ holds a broader range of stocks, including those from the Nasdaq Composite, whereas QQQ focuses exclusively on the Nasdaq 100.
• Sector Focus: FTEC is more sector-specific, focusing on information technology, whereas ONEQ provides broader exposure to the Nasdaq market.
• Expense Ratio: FTEC has a slightly higher expense ratio than QQQ, at 0.21% compared to QQQ's 0.20%.

Investors considering these Fidelity ETFs should evaluate their investment goals, risk tolerance, and the specific composition of each fund to ensure it aligns with their investment strategy.