FLXN vs QQQ
Horizon Flexible Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FLXN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.82% | 0.18% | |
| AUM | $80M | $496.3B | |
| Dividend Yield | 8.82% | 0.44% | |
| Holdings | 5 | 108 | |
| YTD Return | -1.77% | +16.64% | |
| 1Y Return | -0.59% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 3.8% | 30.6% | |
| Max Drawdown | -5.9% | -83.0% | |
| Fund Family | Horizon Funds | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 2, 2025 | Mar 10, 1999 |
FLXN vs QQQ Performance
Horizon Flexible Income ETF (FLXN) is a ETF from Horizon Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FLXN returned -0.59% while QQQ returned +27.27%. Year to date, FLXN is down 1.77% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 3.8% for FLXN. 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 -5.9% for FLXN 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLXN charges 0.82% per year while QQQ charges 0.18%. On a $10,000 position that is $82 vs $18 annually, a gap of $64 per year that compounds over a long holding period. On income, FLXN currently yields 8.82% against 0.44% for QQQ.
Holdings Overlap
FLXN and QQQ share 0 holdings out of 104 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, FLXN or QQQ?
FLXN has an expense ratio of 0.82% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $64 per year of difference.
Which performed better, FLXN or QQQ?
Over the past year FLXN returned -0.59% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), FLXN annualized -0.02% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, FLXN or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 3.8% for FLXN. Worst drawdown: FLXN -5.9% vs QQQ -83.0%.
Should I hold both FLXN and QQQ?
FLXN and QQQ have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLXN and QQQ?
FLXN and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, FLXN or QQQ?
FLXN yields 8.82% while QQQ yields 0.44%, so FLXN currently pays the higher dividend yield.
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