FPAS vs QQQ
FPA Short Duration Government ETF vs Invesco QQQ Trust, Series 1
Which is better, FPAS or QQQ?
Short Term High Quality against Large Cap Growth.
FPAS has a lower expense ratio. QQQ led over 1Y 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 | FPAS | QQQ |
|---|---|---|
| Expense Ratio | 0.10%Best | 0.18% |
| AUM | $13M | $483.5B |
| Dividend Yield | 4.86% | 0.44% |
| Holdings | 3 | 107 |
| YTD Return | -4.09% | +17.21%Best |
| 1Y Return | -3.40% | +22.10%Best |
| 3Y Return (annualized) | - | +25.27% |
| 5Y Return (annualized) | - | +14.60% |
| Volatility (annualized) | 3.2%Best | 19.1% |
| Max Drawdown | -5.4%Best | -22.8% |
| $10,000 over 1.9 years | $10,248 | $14,918Best |
| Fund Family | FPA Investors First | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Short Term High Quality | Large Cap Growth |
| Inception | Oct 31, 2024 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 1, 2024 to Sep 17, 2026 (1.9 years).
FPAS 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 1.9 years both funds cover.
FPAS vs QQQ Performance
FPA Short Duration Government ETF (FPAS) is an ETF from FPA Investors First and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FPAS returned -3.40% while QQQ returned +22.10%. Year to date, FPAS is down 4.09% versus a gain of 17.21% 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 19.1% compared with 3.2% for FPAS. 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 -5.4% for FPAS and -22.8% 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 -0.16. They move largely independently of each other.
Fees and Cost Over Time
FPAS charges 0.10% per year while QQQ charges 0.18%. On a $10,000 position that is $10 vs $18 annually, a gap of $8 per year that compounds over a long holding period. On income, FPAS currently yields 4.86% against 0.44% for QQQ.
You are not choosing between two funds in isolation.
Whichever of FPAS 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, FPAS or QQQ?
FPAS has an expense ratio of 0.10% while QQQ charges 0.18%. FPAS is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, FPAS or QQQ?
Over the past year FPAS returned -3.40% vs +22.10% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FPAS annualized +1.30% vs +23.43% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPAS or QQQ?
QQQ has been the more volatile fund at 19.1% annualized versus 3.2% for FPAS. Worst drawdown: FPAS -5.4% vs QQQ -22.8%.
Should I hold both FPAS and QQQ?
FPAS and QQQ have a monthly-return correlation of -0.16, 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, FPAS or QQQ?
FPAS yields 4.86% while QQQ yields 0.44%, so FPAS currently pays the higher dividend yield.
Is QQQ better than FPAS?
FPAS has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.