FEGE vs QQQ
First Eagle Global Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, FEGE or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FEGE is less concentrated, with 21.5% of the fund in its ten largest positions against 47.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FEGE | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $2.5B | $498.6B |
| Dividend Yield | 1.11% | 0.42% |
| Holdings | 196 | 321 |
| YTD Return | +7.39% | +21.44%Best |
| 1Y Return | +14.21% | +23.58%Best |
| 3Y Return (annualized) | - | +27.86% |
| 5Y Return (annualized) | - | +16.25% |
| Volatility (annualized) | 12.8%Best | 19.1% |
| Max Drawdown | -11.1%Best | -22.8% |
| $10,000 over 1.8 years | $14,462 | $14,513Best |
| Top 10 Weight | 21.5%Best | 47.2% |
| Fund Family | First Eagle Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Dec 19, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 20, 2024 to Oct 1, 2026 (1.8 years).
FEGE vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
FEGE vs QQQ Performance
First Eagle Global Equity ETF (FEGE) is an ETF from First Eagle Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FEGE returned +14.21% while QQQ returned +23.58%. Year to date, FEGE is up 7.39% versus a gain of 21.44% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 12.8% for FEGE. 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 -11.1% for FEGE and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.26. They move largely independently of each other.
Fees and Cost Over Time
FEGE charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, FEGE currently yields 1.11% against 0.42% for QQQ.
Holdings Overlap
10.0% of FEGE's money is in holdings QQQ also owns. 13.5% of QQQ's money is in holdings FEGE also owns.
QQQ and FEGE share little of their money.
7 positions in common, counted across the 93 positions we hold weights for in FEGE and 102 in QQQ, against full books of 196 and 321.
What only one of them owns
Our book lists 89 positions for QQQ that do not appear in our book for FEGE (84.2% of the fund), and 38 for FEGE that do not appear in QQQ (40.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FEGE | Weight in QQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 0.25% | 5.88% | 5.63% |
| GOOGAlphabet Inc. C | 2.44% | 2.93% | 0.49% |
| METAMeta Platforms Inc | 1.93% | 3.07% | 1.14% |
| ADPAutomatic Data Processing, Inc. | 1.63% | 0.48% | 1.15% |
| WDAYWorkday, Inc., Class A | 1.84% | 0.16% | 1.68% |
| BKNGBooking Holdings, Inc. | 0.97% | 0.60% | 0.37% |
| CMCSAComcast Corp-class A Cmcsa | 0.97% | 0.40% | 0.57% |
You are not choosing between two funds in isolation.
Whichever of FEGE and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FEGE or QQQ?
FEGE has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, FEGE or QQQ?
Over the past year FEGE returned +14.21% vs +23.58% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FEGE annualized +22.75% vs +22.99% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FEGE or QQQ?
QQQ has been the more volatile fund at 19.1% annualized versus 12.8% for FEGE. Worst drawdown: FEGE -11.1% vs QQQ -22.8%.
Should I hold both FEGE and QQQ?
FEGE and QQQ have a monthly-return correlation of 0.26, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FEGE and QQQ?
13.5% of QQQ's money is in holdings FEGE also owns. 13.5% of QQQ's is in holdings FEGE also owns. They hold 7 positions in common, counted across the 93 positions we hold weights for in FEGE and 102 in QQQ.
Which pays a higher dividend, FEGE or QQQ?
FEGE yields 1.11% while QQQ yields 0.42%, so FEGE currently pays the higher dividend yield.
Is QQQ better than FEGE?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FEGE is less concentrated, with 21.5% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.