FLJP vs QQQ
Franklin FTSE Japan ETF vs Invesco QQQ Trust, Series 1
Which is better, FLJP or QQQ?
Large Cap Blend against Large Cap Growth.
FLJP has a lower expense ratio. FLJP led over 1Y, QQQ over 3Y, 5Y and the full window. FLJP is less concentrated, with 24.5% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FLJP | QQQ |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.18% |
| AUM | $4.2B | $483.5B |
| Dividend Yield | 4.11% | 0.44% |
| Holdings | 481 | 107 |
| YTD Return | +19.25%Best | +17.11% |
| 1Y Return | +25.13%Best | +23.99% |
| 3Y Return (annualized) | +19.35% | +24.62%Best |
| 5Y Return (annualized) | +8.66% | +14.23%Best |
| Volatility (annualized) | 14.3%Best | 20.0% |
| Max Drawdown | -33.6%Best | -35.1% |
| $10,000 over 5 years | $15,148 | $19,449Best |
| Top 10 Weight | 24.5%Best | 46.5% |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Nov 2, 2017 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 6, 2017 to Sep 9, 2026 (8.8 years).
FLJP vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.8 years both funds cover.
FLJP vs QQQ Performance
Franklin FTSE Japan ETF (FLJP) is an ETF from Franklin Templeton Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FLJP returned +25.13% while QQQ returned +23.99%. Year to date, FLJP is up 19.25% versus a gain of 17.11% for QQQ.
Over three years, FLJP compounded at +19.35% per year against +24.62% for QQQ; over five years the annualized figures are +8.66% and +14.23% respectively. Across the full 9-year window we track, QQQ has the edge at +19.45% annualized vs +7.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 14.3% 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 -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
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 4.11% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 468 holdings in FLJP and 102 in QQQ, totalling 99.3% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 468 positions we hold weights for in FLJP and 102 in QQQ, against full books of 481 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for FLJP (97.0% of the fund), and 1 for FLJP that do not appear in QQQ (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of FLJP and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $9 a year on a $10,000 investment.
Which performed better, FLJP or QQQ?
Over the past year FLJP returned +25.13% vs +23.99% for QQQ, so FLJP leads on 1-year performance. Over the longest common window we track (9 years), FLJP annualized +7.46% vs +19.45% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLJP or QQQ?
QQQ has been the more volatile fund at 20.0% annualized versus 14.3% for FLJP. Worst drawdown: FLJP -33.6% vs QQQ -35.1%.
Should I hold both FLJP and QQQ?
FLJP and QQQ have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FLJP or QQQ?
FLJP yields 4.11% while QQQ yields 0.44%, so FLJP currently pays the higher dividend yield.
Is QQQ better than FLJP?
FLJP has a lower expense ratio. FLJP led over 1Y, QQQ over 3Y, 5Y and the full window. FLJP is less concentrated, with 24.5% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.