FLLA vs QQQ
Franklin FTSE Latin America ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FLLA delivered stronger 1-year returns. FLLA offers more diversification with 138 holdings.
Side-by-Side Comparison
| Metric | FLLA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.18% | |
| AUM | $105M | $496.3B | |
| Dividend Yield | 4.70% | 0.44% | |
| Holdings | 138 | 108 | |
| YTD Return | +13.31% | +16.64% | |
| 1Y Return | +34.26% | +27.27% | |
| 3Y Return (annualized) | +13.03% | +25.96% | |
| 5Y Return (annualized) | +11.74% | +14.54% | |
| Volatility (annualized) | 26.9% | 30.6% | |
| Max Drawdown | -53.9% | -83.0% | |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 9, 2018 | Mar 10, 1999 |
FLLA vs QQQ Performance
Franklin FTSE Latin America ETF (FLLA) 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 FLLA returned +34.26% while QQQ returned +27.27%. Year to date, FLLA is up 13.31% versus a gain of 16.64% for QQQ.
Over three years, FLLA compounded at +13.03% per year against +25.96% for QQQ; over five years the annualized figures are +11.74% and +14.54% respectively. Across the full 8-year window we track, QQQ has the edge at +13.03% annualized vs +6.30%. 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 26.9% for FLLA. 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 -53.9% for FLLA 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLLA 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, FLLA currently yields 4.70% against 0.44% for QQQ.
Holdings Overlap
FLLA and QQQ share 0 holdings out of 228 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, FLLA or QQQ?
FLLA 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, FLLA or QQQ?
Over the past year FLLA returned +34.26% vs +27.27% for QQQ, so FLLA leads on 1-year performance. Over the longest common window we track (8 years), FLLA annualized +6.30% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, FLLA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 26.9% for FLLA. Worst drawdown: FLLA -53.9% vs QQQ -83.0%.
Should I hold both FLLA and QQQ?
FLLA and QQQ have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLLA and QQQ?
FLLA and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 228 unique securities.
Which pays a higher dividend, FLLA or QQQ?
FLLA yields 4.70% while QQQ yields 0.44%, so FLLA currently pays the higher dividend yield.
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