FLJP vs QQQ
Franklin FTSE Japan ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
FLJP has a lower expense ratio. FLJP delivered stronger 1-year returns. FLJP offers more diversification with 467 holdings.
Side-by-Side Comparison
| Metric | FLJP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.18% | |
| AUM | $3.9B | $455.8B | |
| Dividend Yield | 4.27% | 0.41% | |
| Holdings | 482 | 108 | |
| YTD Return | +21.04% | +19.68% | |
| 1Y Return | +28.76% | +26.75% | |
| 3Y Return (annualized) | +20.88% | +26.25% | |
| 5Y Return (annualized) | +10.27% | +15.39% | |
| Volatility (annualized) | 14.5% | 30.6% | |
| Max Drawdown | -33.6% | -83.0% | |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 2, 2017 | Mar 10, 1999 |
FLJP vs QQQ Performance
Franklin FTSE Japan ETF (FLJP) 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 FLJP returned +28.76% while QQQ returned +26.75%. Year to date, FLJP is up 21.04% versus a gain of 19.68% for QQQ.
Over three years, FLJP compounded at +20.88% per year against +26.25% for QQQ; over five years the annualized figures are +10.27% and +15.39% respectively. Across the full 9-year window we track, QQQ has the edge at +13.15% annualized vs +7.71%. 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 14.5% for FLJP. 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 -33.6% for FLJP 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLJP 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, FLJP currently yields 4.27% against 0.41% for QQQ.
Holdings Overlap
FLJP and QQQ share 0 holdings out of 570 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, FLJP or QQQ?
FLJP has an expense ratio of 0.09% while QQQ charges 0.18%. FLJP is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FLJP or QQQ?
Over the past year FLJP returned +28.76% vs +26.75% for QQQ, so FLJP leads on 1-year performance. Over the longest common window we track (9 years), FLJP annualized +7.71% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, FLJP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.5% for FLJP. Worst drawdown: FLJP -33.6% vs QQQ -83.0%.
Should I hold both FLJP and QQQ?
FLJP and QQQ have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLJP and QQQ?
FLJP and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 570 unique securities.
Which pays a higher dividend, FLJP or QQQ?
FLJP yields 4.27% while QQQ yields 0.41%, so FLJP currently pays the higher dividend yield.
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