FPAG vs QQQ
FPA Global Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, FPAG or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. FPAG is less concentrated, with 33.0% of the fund in its ten largest positions against 47.2%.
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 | FPAG | QQQ |
|---|---|---|
| Expense Ratio | 0.49% | 0.18%Best |
| AUM | $632M | $498.6B |
| Dividend Yield | 1.27% | 0.42% |
| Holdings | 134 | 321 |
| YTD Return | +8.25% | +21.44%Best |
| 1Y Return | +13.53% | +23.58%Best |
| 3Y Return (annualized) | +21.34% | +27.86%Best |
| 5Y Return (annualized) | - | +16.25% |
| Volatility (annualized) | 16.9%Best | 21.0% |
| Max Drawdown | -28.4%Best | -35.1% |
| $10,000 over 4.8 years | $17,347 | $19,896Best |
| Top 10 Weight | 33.0%Best | 47.2% |
| Fund Family | FPA Investors First | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Dec 16, 2021 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Dec 17, 2021 to Oct 1, 2026 (4.8 years).
FPAG 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 4.8 years both funds cover.
FPAG vs QQQ Performance
FPA Global Equity ETF (FPAG) is an ETF from FPA Investors First and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FPAG returned +13.53% while QQQ returned +23.58%. Year to date, FPAG is up 8.25% versus a gain of 21.44% for QQQ.
Over three years, FPAG compounded at +21.34% per year against +27.86% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 21.0% compared with 16.9% for FPAG. 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 -28.4% for FPAG 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FPAG charges 0.49% per year while QQQ charges 0.18%. On a $10,000 position that is $49 vs $18 annually, a gap of $31 per year that compounds over a long holding period. On income, FPAG currently yields 1.27% against 0.42% for QQQ.
Holdings Overlap
22.2% of FPAG's money is in holdings QQQ also owns. 18.5% of QQQ's money is in holdings FPAG also owns.
FPAG and QQQ share little of their money.
11 positions in common, counted across the 66 positions we hold weights for in FPAG and 102 in QQQ, against full books of 134 and 321.
What only one of them owns
Our book lists 85 positions for QQQ that do not appear in our book for FPAG (79.3% of the fund), and 27 for FPAG that do not appear in QQQ (38.6%).
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.
Top Shared Holdings
| Stock | Weight in FPAG | Weight in QQQ | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 2.89% | 4.41% | 1.52% |
| GOOGAlphabet Inc. C | 4.03% | 2.93% | 1.10% |
| METAMeta Platforms Inc | 3.41% | 3.07% | 0.34% |
| GOOGLAlphabet Inc,class A | 1.74% | 3.15% | 1.41% |
| ADIAnalog Devices, Inc. | 3.54% | 0.82% | 2.72% |
| AVGOBroadcom Inc | 0.21% | 2.74% | 2.53% |
| CMCSAComcast Corp-class A Cmcsa | 2.51% | 0.40% | 2.11% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 1.35% | 0.26% | 1.09% |
| INTUIntuit, Inc. | 1.09% | 0.39% | 0.70% |
| PYPLPaypay Holdings, Inc. | 0.99% | 0.21% | 0.78% |
22.2% of FPAG is already inside QQQ.
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, FPAG or QQQ?
FPAG has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, FPAG or QQQ?
Over the past year FPAG returned +13.53% vs +23.58% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPAG or QQQ?
QQQ has been the more volatile fund at 21.0% annualized versus 16.9% for FPAG. Worst drawdown: FPAG -28.4% vs QQQ -35.1%.
Should I hold both FPAG and QQQ?
FPAG and QQQ have a monthly-return correlation of 0.78, 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 FPAG and QQQ?
22.2% of FPAG's money is in holdings QQQ also owns. 18.5% of QQQ's is in holdings FPAG also owns. They hold 11 positions in common, counted across the 66 positions we hold weights for in FPAG and 102 in QQQ.
Which pays a higher dividend, FPAG or QQQ?
FPAG yields 1.27% while QQQ yields 0.42%, so FPAG currently pays the higher dividend yield.
Is QQQ better than FPAG?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. FPAG is less concentrated, with 33.0% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.