FLSP vs QQQ
Franklin Systematic Style Premia ETF vs Invesco QQQ Trust, Series 1
Which is better, FLSP or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
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 | FLSP | QQQ |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $1.1B | $483.5B |
| Dividend Yield | 2.54% | 0.44% |
| Holdings | 598 | 107 |
| YTD Return | +7.48% | +17.95%Best |
| 1Y Return | +13.73% | +21.77%Best |
| 3Y Return (annualized) | +9.95% | +25.63%Best |
| 5Y Return (annualized) | +9.03% | +15.24%Best |
| Volatility (annualized) | 8.1%Best | 20.9% |
| Max Drawdown | -22.8%Best | -35.1% |
| $10,000 over 5 years | $15,407 | $20,324Best |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Dec 18, 2019 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 23, 2019 to Sep 18, 2026 (6.7 years).
FLSP 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 6.7 years both funds cover.
FLSP vs QQQ Performance
Franklin Systematic Style Premia ETF (FLSP) 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 FLSP returned +13.73% while QQQ returned +21.77%. Year to date, FLSP is up 7.48% versus a gain of 17.95% for QQQ.
Over three years, FLSP compounded at +9.95% per year against +25.63% for QQQ; over five years the annualized figures are +9.03% and +15.24% respectively. Across the full 7-year window we track, QQQ has the edge at +20.53% annualized vs +4.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 8.1% for FLSP. 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 -22.8% for FLSP 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 -0.02. They move largely independently of each other.
Fees and Cost Over Time
FLSP charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, FLSP currently yields 2.54% against 0.44% for QQQ.
Holdings Overlap
At least 30.9% of QQQ's money is in holdings FLSP also owns.
Stated as a floor: for FLSP, our book for it covers 91.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
30 positions in common, counted across the 272 positions we hold weights for in FLSP and 102 in QQQ, against full books of 598 and 107.
Top Shared Holdings
| Stock | Weight in FLSP | Weight in QQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 1.27% | 5.76% | 4.49% |
| MUMicron Technology, Inc. | 1.47% | 4.43% | 2.96% |
| GOOGAlphabet Inc | 1.53% | 3.13% | 1.60% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.96% | 2.10% | 1.14% |
| LRCXLam Research Corp 3.125 06/15/2060 | 1.00% | 1.69% | 0.69% |
| AMATApplied Materials, Inc. | 0.73% | 1.86% | 1.13% |
| WMTWalmart, Inc. | 0.14% | 2.41% | 2.27% |
| GILDGilead Sciences | 0.99% | 0.72% | 0.27% |
| BKNGBooking Holdings, Inc. | 0.76% | 0.70% | 0.06% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 0.59% | 0.79% | 0.20% |
30.9% of QQQ is already inside FLSP.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLSP or QQQ?
FLSP has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, FLSP or QQQ?
Over the past year FLSP returned +13.73% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), FLSP annualized +4.77% vs +20.53% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLSP or QQQ?
QQQ has been the more volatile fund at 20.9% annualized versus 8.1% for FLSP. Worst drawdown: FLSP -22.8% vs QQQ -35.1%.
Should I hold both FLSP and QQQ?
FLSP and QQQ have a monthly-return correlation of -0.02, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FLSP and QQQ?
At least 30.9% of QQQ's money is in holdings FLSP also owns. Our book for FLSP is partial, so the real figure is this or higher. They hold 30 positions in common, counted across the 272 positions we hold weights for in FLSP and 102 in QQQ.
Which pays a higher dividend, FLSP or QQQ?
FLSP yields 2.54% while QQQ yields 0.44%, so FLSP currently pays the higher dividend yield.
Is QQQ better than FLSP?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.