EIPI vs QQQ
FT Energy Income Partners Enhanced Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | EIPI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.11% | 0.18% | |
| AUM | $1.1B | $455.8B | |
| Dividend Yield | 7.44% | 0.41% | |
| Holdings | 127 | 108 | |
| YTD Return | +17.13% | +19.68% | |
| 1Y Return | +22.40% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 10.9% | 30.6% | |
| Max Drawdown | -12.3% | -83.0% | |
| Fund Family | First Trust Portfolios (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2011 | Mar 10, 1999 |
EIPI vs QQQ Performance
FT Energy Income Partners Enhanced Income ETF (EIPI) is a ETF from First Trust Portfolios (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EIPI returned +22.40% while QQQ returned +26.75%. Year to date, EIPI is up 17.13% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 10.9% for EIPI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.3% for EIPI and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EIPI charges 1.11% per year while QQQ charges 0.18%. On a $10,000 position that is $111 vs $18 annually, a gap of $93 per year that compounds over a long holding period. On income, EIPI currently yields 7.44% against 0.41% for QQQ.
Holdings Overlap
EIPI and QQQ share 4 holdings out of 173 unique holdings combined, representing a 1.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EIPI or QQQ?
EIPI has an expense ratio of 1.11% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $93 per year of difference.
Which performed better, EIPI or QQQ?
Over the past year EIPI returned +22.40% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), EIPI annualized +18.45% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, EIPI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 10.9% for EIPI. Worst drawdown: EIPI -12.3% vs QQQ -83.0%.
Should I hold both EIPI and QQQ?
EIPI and QQQ have a monthly-return correlation of -0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EIPI and QQQ?
EIPI and QQQ share 4 common holdings with a 1.2% weight overlap. Combined, they hold 173 unique securities.
Which pays a higher dividend, EIPI or QQQ?
EIPI yields 7.44% while QQQ yields 0.41%, so EIPI currently pays the higher dividend yield.
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