FLCH vs QQQ
Franklin FTSE China ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. FLCH offers more diversification with 1,030 holdings.
Side-by-Side Comparison
| Metric | FLCH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.18% | |
| AUM | $334M | $496.3B | |
| Dividend Yield | 2.33% | 0.44% | |
| Holdings | 1,030 | 108 | |
| YTD Return | -11.14% | +17.30% | |
| 1Y Return | -6.20% | +24.93% | |
| 3Y Return (annualized) | +11.58% | +26.19% | |
| 5Y Return (annualized) | -1.68% | +15.34% | |
| Volatility (annualized) | 25.0% | 30.6% | |
| Max Drawdown | -62.1% | -83.0% | |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 2, 2017 | Mar 10, 1999 |
FLCH vs QQQ Performance
Franklin FTSE China ETF (FLCH) is a ETF from Franklin Templeton Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FLCH returned -6.20% while QQQ returned +24.93%. Year to date, FLCH is down 11.14% versus a gain of 17.30% for QQQ.
Over three years, FLCH compounded at +11.58% per year against +26.19% for QQQ; over five years the annualized figures are -1.68% and +15.34% respectively. Across the full 9-year window we track, QQQ has the edge at +13.06% annualized vs -0.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 25.0% for FLCH. 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 -62.1% for FLCH 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLCH charges 0.19% per year while QQQ charges 0.18%. On a $10,000 position that is $19 vs $18 annually, a gap of $1 per year that compounds over a long holding period. On income, FLCH currently yields 2.33% against 0.44% for QQQ.
Holdings Overlap
FLCH and QQQ share 1 holdings out of 1048 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FLCH | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IE | 2.14% | 0.27% | 1.87% |
Frequently Asked Questions
Which is cheaper, FLCH or QQQ?
FLCH has an expense ratio of 0.19% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FLCH or QQQ?
Over the past year FLCH returned -6.20% vs +24.93% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), FLCH annualized -0.26% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, FLCH or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 25.0% for FLCH. Worst drawdown: FLCH -62.1% vs QQQ -83.0%.
Should I hold both FLCH and QQQ?
FLCH and QQQ have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLCH and QQQ?
FLCH and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 1048 unique securities.
Which pays a higher dividend, FLCH or QQQ?
FLCH yields 2.33% while QQQ yields 0.44%, so FLCH currently pays the higher dividend yield.
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