FLHK vs QQQ
Franklin FTSE Hong Kong ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
FLHK has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FLHK | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.18% | |
| AUM | $13M | $496.3B | |
| Dividend Yield | 4.33% | 0.44% | |
| Holdings | 72 | 108 | |
| YTD Return | +11.92% | +16.64% | |
| 1Y Return | +20.38% | +27.27% | |
| 3Y Return (annualized) | -1.32% | +25.96% | |
| 5Y Return (annualized) | +0.37% | +14.54% | |
| Volatility (annualized) | 26.1% | 30.6% | |
| Max Drawdown | -47.0% | -83.0% | |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 2, 2017 | Mar 10, 1999 |
FLHK vs QQQ Performance
Franklin FTSE Hong Kong ETF (FLHK) 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 FLHK returned +20.38% while QQQ returned +27.27%. Year to date, FLHK is up 11.92% versus a gain of 16.64% for QQQ.
Over three years, FLHK compounded at -1.32% per year against +25.96% for QQQ; over five years the annualized figures are +0.37% and +14.54% respectively. Across the full 8-year window we track, QQQ has the edge at +13.03% annualized vs -0.40%. 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 26.1% for FLHK. 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 -47.0% for FLHK 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLHK charges 0.09% per year while QQQ charges 0.18%. On a $10,000 position that is $9 vs $18 annually, a gap of $9 per year that compounds over a long holding period. On income, FLHK currently yields 4.33% against 0.44% for QQQ.
Frequently Asked Questions
Which is cheaper, FLHK or QQQ?
FLHK has an expense ratio of 0.09% while QQQ charges 0.18%. FLHK is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FLHK or QQQ?
Over the past year FLHK returned +20.38% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), FLHK annualized -0.40% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, FLHK or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 26.1% for FLHK. Worst drawdown: FLHK -47.0% vs QQQ -83.0%.
Should I hold both FLHK and QQQ?
FLHK and QQQ have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FLHK or QQQ?
FLHK yields 4.33% while QQQ yields 0.44%, so FLHK currently pays the higher dividend yield.
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