IQ

Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Thematic ETFs

FMED vs QQQJ: Holdings Overlap & Returns

Share
Share on XDownload as PDF

Over the year to Nov 4, 2026, FMED returned +27.4% to QQQJ's +25.2%; 11% of their weight is in the same names.

askIQ about this page

askIQ about FMED and QQQJ

Net assets: $52m on Sep 30, 2026 for Fidelity Disruptive Medicine ETF, and $1.2bn on Nov 3, 2026 for Invesco NASDAQ Next Gen 100 ETF.

FMED on its own →QQQJ on its own →
At a glance
21.8%
FMED in the S&P 500
46.7%
QQQJ in the S&P 500
+27.4%
FMED total return, 1 year
+25.2%
QQQJ total return, 1 year
FMED · 1 year to Nov 4, 2026 78% of its weight is outside the S&P 500
78% of its weight is outside the S&P 50022% of FMED's weight is in S&P 500 companies and 78% is outside the index. Holdings as of Aug 31, 2026.22%78%in the S&P 500of its weight outside the S&P 500active share 98% · top ten 33% of the fund · 72 holdings as filed for Aug 31, 2026 · Nasdaq-100: 5% in78% of its weight is outside the S&P 50022% of FMED's weight is in S&P 500 companies and 78% is outside the index. Holdings as of Aug 31, 2026.22%78%inoutside the S&P 500active share 98% · Nasdaq-100: 5% in

22% of FMED's weight is in S&P 500 companies and 78% is outside the index. Holdings as of Aug 31, 2026.

QQQJ · 1 year to Nov 4, 2026 53% of its weight is outside the S&P 500
53% of its weight is outside the S&P 50047% of QQQJ's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.47%53%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 20% of the fund · 106 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 0% in53% of its weight is outside the S&P 50047% of QQQJ's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.47%53%in the S&P 500outside the S&P 500active share 99% · Nasdaq-100: 0% in

47% of QQQJ's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

QQQJ costs 0.35 points a year less; their one-year returns differ by 2.2 points.

Points (pts) are percentage points.

FMED vs QQQJ: Holdings Overlap & Returns
MeasureFMEDQQQJ
Return
Total return, 1 year+27.4%+25.2%
Against its benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearahead by 10.4 pts
Cost and size
Expense ratio0.50%0.15%
Net assets, FMED as of Sep 30, 2026 and QQQJ as of Nov 3, 2026$52m$1.2bn
Holdings
Holdings in common11%

Method

What they share

11%

By the books each fund has filed, FMED and QQQJ hold 11% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

0 half 100%

half

11% in common

Positions both hold · largest shared weight first FMED QQQJ
NATERA INC 3.30% 2.83%
REVOLUTION MEDICINES INC 2.87% 2.10%
ILLUMINA INC 2.82% 1.82%
ARGENX SE 3.20% 1.24%
GUARDANT HEALTH INC 1.53% 1.19%
ROIVANT SCIENCES LTD 1.09% 1.31%
ASCENDIS PHARMA A/S 1.97% 0.78%
Only in one fund ↓
Only in FMED
10X GENOMICS INC 5.19%
THERMO FISHER SCIENTIFIC INC 3.83%
DANAHER CORP 3.73%
LIFESTANCE HEALTH GROUP INC 3.00%
MODERNA INC 2.72%
HEARTFLOW INC 2.59%
SARTORIUS STEDIM BIOTECH 2.56%
ALNYLAM PHARMACEUTICALS INC 2.33%
Only in QQQJ
eBay Inc 2.67%
NetApp Inc 1.89%
Biogen Inc 1.86%
Steel Dynamics Inc 1.79%
Elbit Systems Ltd 1.79%
United Airlines Holdings Inc 1.76%
Kimberly-Clark Corp 1.75%
Expedia Group Inc 1.65%
Check overlap with more funds →

Window by window

Window by window: FMED vs QQQJ: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFMEDQQQJFMEDQQQJ
3 months+14.9%−1.2%not measured−0.9 pts vs IWV
6 months+31.2%+6.2%not measured+1.3 pts vs IWV
1 year+27.4%+25.2%not measured+10.4 pts vs IWV
3 years+57.8%+91.2%not measured+10.2 pts vs IWV
Since launchNot the same days: FMED Jun 2023 · QQQJ Oct 2020+31.7%+74.3%not measured−53.2 pts vs IWV

Open this comparison in the app →

Side by side

FMED Fidelity Disruptive Medicine ETF · Holds 72 stocks in broad innovation and megatrends, 22% of its weight in S&P 500 companies QQQJ Invesco NASDAQ Next Gen 100 ETF · Holds 106 stocks in broad innovation and megatrends, 47% of its weight in S&P 500 companies
Issuer Fidelity Invesco
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 21.8% 46.7%
Active share vs the S&P 500 97.5% 98.6%
In the Nasdaq-100 5.1% 0.0%
Holdings 72 106
Top ten, share of the fund 33.2% 20.3%
Expense ratio 0.50% 0.15%
Fee for the differing part 0.51% 0.15%
Total return, 1 year +27.4% +25.2%
vs its benchmark not measured +10.4 pts vs IWV
Below its high −0.9% −4.4%
Net assets, FMED as of Sep 30, 2026 and QQQJ as of Nov 3, 2026 $52m $1.2bn

As of Nov 4, 2026. Source: ETFIQ.

11% of the two portfolios are the same securities at the same weight.

Alert

QQQJ flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
FMED

By weight, 22% of FMED's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 33% of the fund across 72 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +27.4% with distributions reinvested.

QQQJ

Over the year to Nov 4, 2026 the fund returned +25.2% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was ahead by 10.4 pts.

By weight, 47% of QQQJ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 20% of the fund across 106 positions, as published by its issuer for Nov 3, 2026.

Questions people ask

Do FMED and QQQJ hold the same stocks?
By their latest filings, 11% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FMED or QQQJ?
FMED has 22% of its weight in S&P 500 names and QQQJ has 47%, so QQQJ differs more from the index.
Which is cheaper, FMED or QQQJ?
FMED charges 0.50% a year and QQQJ charges 0.15%, so QQQJ is cheaper. Fees come from each fund's prospectus.
Other comparisons
FMED vs XTFMED vs ILDRFMED vs FRWDFMED vs ARKKQQQJ vs THMZQQQJ vs TEKYQQQJ vs LENSQQQJ vs HTEC
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FMED on its own →QQQJ on its own →FMED dividend history →FMED holdings →QQQJ dividend history →QQQJ holdings →Method →Standards and sources →
Sources and dates
FMED filings on SEC EDGAR ↗
FMED prospectus with the expense ratio (SEC) ↗
Fidelity website ↗
QQQJ filings on SEC EDGAR ↗
QQQJ prospectus with the expense ratio (SEC) ↗
Invesco page for QQQJ ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FMED against QQQJ, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fmed-vs-qqqj

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.