FEGE vs QQQ
First Eagle Global Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FEGE delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FEGE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $2.2B | $455.8B | |
| Dividend Yield | 1.21% | 0.41% | |
| Holdings | 95 | 108 | |
| YTD Return | +13.09% | +19.68% | |
| 1Y Return | +27.18% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 11.8% | 30.6% | |
| Max Drawdown | -11.1% | -83.0% | |
| Fund Family | First Eagle Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 19, 2024 | Mar 10, 1999 |
FEGE vs QQQ Performance
First Eagle Global Equity ETF (FEGE) is a ETF from First Eagle Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FEGE returned +27.18% while QQQ returned +26.75%. Year to date, FEGE is up 13.09% 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 11.8% 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 -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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.21% against 0.41% for QQQ.
Holdings Overlap
FEGE and QQQ share 7 holdings out of 190 unique holdings combined, representing a 6.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $32 per year of difference.
Which performed better, FEGE or QQQ?
Over the past year FEGE returned +27.18% vs +26.75% for QQQ, so FEGE leads on 1-year performance. Over the longest common window we track (2 years), FEGE annualized +28.81% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, FEGE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.8% for FEGE. Worst drawdown: FEGE -11.1% vs QQQ -83.0%.
Should I hold both FEGE and QQQ?
FEGE and QQQ have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FEGE and QQQ?
FEGE and QQQ share 7 common holdings with a 6.1% weight overlap. Combined, they hold 190 unique securities.
Which pays a higher dividend, FEGE or QQQ?
FEGE yields 1.21% while QQQ yields 0.41%, so FEGE currently pays the higher dividend yield.
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