FPA vs QQQ
First Trust Asia Pacific Ex-Japan AlphaDEX Fund vs Invesco QQQ Trust, Series 1
Which is better, FPA or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. FPA led over 1Y and 3Y, QQQ over 5Y and the full window. FPA is less concentrated, with 24.0% 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 | FPA | QQQ |
|---|---|---|
| Expense Ratio | 0.80% | 0.18%Best |
| AUM | $113M | $483.5B |
| Dividend Yield | 3.52% | 0.44% |
| Holdings | 212 | 107 |
| YTD Return | +35.34%Best | +16.87% |
| 1Y Return | +39.34%Best | +22.98% |
| 3Y Return (annualized) | +29.43%Best | +24.98% |
| 5Y Return (annualized) | +12.56% | +14.39%Best |
| Volatility (annualized) | 22.1% | 17.5%Best |
| Max Drawdown | -55.8% | -35.1%Best |
| $10,000 over 5 years | $18,068 | $19,586Best |
| Top 10 Weight | 24.0%Best | 46.5% |
| Fund Family | First Trust Portfolios (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Apr 18, 2011 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Apr 20, 2011 to Sep 11, 2026 (15.4 years).
FPA 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 15.4 years both funds cover.
FPA vs QQQ Performance
First Trust Asia Pacific Ex-Japan AlphaDEX Fund (FPA) is an ETF from First Trust Portfolios (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FPA returned +39.34% while QQQ returned +22.98%. Year to date, FPA is up 35.34% versus a gain of 16.87% for QQQ.
Over three years, FPA compounded at +29.43% per year against +24.98% for QQQ; over five years the annualized figures are +12.56% and +14.39% respectively. Across the full 15-year window we track, QQQ has the edge at +17.99% annualized vs +4.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FPA has been the more volatile fund, with annualized monthly volatility of 22.1% compared with 17.5% for QQQ. 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 -55.8% for FPA 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FPA charges 0.80% per year while QQQ charges 0.18%. On a $10,000 position that is $80 vs $18 annually, a gap of $62 per year that compounds over a long holding period. On income, FPA currently yields 3.52% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 99 holdings in FPA and 102 in QQQ, totalling 98.5% 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 99 positions we hold weights for in FPA and 102 in QQQ, against full books of 212 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for FPA (97.0% of the fund), and 3 for FPA that do not appear in QQQ (2.6%).
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 FPA 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, FPA or QQQ?
FPA has an expense ratio of 0.80% while QQQ charges 0.18%. QQQ is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, FPA or QQQ?
Over the past year FPA returned +39.34% vs +22.98% for QQQ, so FPA leads on 1-year performance. Over the longest common window we track (15 years), FPA annualized +4.78% vs +17.99% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPA or QQQ?
FPA has been the more volatile fund at 22.1% annualized versus 17.5% for QQQ. Worst drawdown: FPA -55.8% vs QQQ -35.1%.
Should I hold both FPA and QQQ?
FPA and QQQ have a monthly-return correlation of 0.68, 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, FPA or QQQ?
FPA yields 3.52% while QQQ yields 0.44%, so FPA currently pays the higher dividend yield.
Is QQQ better than FPA?
QQQ has a lower expense ratio. FPA led over 1Y and 3Y, QQQ over 5Y and the full window. FPA is less concentrated, with 24.0% 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.