FEOE vs QQQ
First Eagle Overseas Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FEOE delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FEOE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $1.7B | $496.3B | |
| Dividend Yield | 1.33% | 0.44% | |
| Holdings | 77 | 108 | |
| YTD Return | +14.95% | +16.23% | |
| 1Y Return | +29.86% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 12.4% | 30.6% | |
| Max Drawdown | -12.3% | -83.0% | |
| Fund Family | First Eagle Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 19, 2024 | Mar 10, 1999 |
FEOE vs QQQ Performance
First Eagle Overseas Equity ETF (FEOE) is a ETF from First Eagle Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FEOE returned +29.86% while QQQ returned +26.23%. Year to date, FEOE is up 14.95% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.4% for FEOE. 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 FEOE 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FEOE 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, FEOE currently yields 1.33% against 0.44% for QQQ.
Holdings Overlap
FEOE and QQQ share 0 holdings out of 176 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FEOE or QQQ?
FEOE 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, FEOE or QQQ?
Over the past year FEOE returned +29.86% vs +26.23% for QQQ, so FEOE leads on 1-year performance. Over the longest common window we track (2 years), FEOE annualized +34.38% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, FEOE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.4% for FEOE. Worst drawdown: FEOE -12.3% vs QQQ -83.0%.
Should I hold both FEOE and QQQ?
FEOE and QQQ have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FEOE and QQQ?
FEOE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 176 unique securities.
Which pays a higher dividend, FEOE or QQQ?
FEOE yields 1.33% while QQQ yields 0.44%, so FEOE currently pays the higher dividend yield.
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