FSZ vs QQQ
First Trust Switzerland AlphaDEX Fund 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 | FSZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.18% | |
| AUM | $37M | $496.3B | |
| Dividend Yield | 2.01% | 0.44% | |
| Holdings | 42 | 108 | |
| YTD Return | +4.28% | +16.64% | |
| 1Y Return | +7.21% | +27.27% | |
| 3Y Return (annualized) | +13.23% | +25.96% | |
| 5Y Return (annualized) | +5.68% | +14.54% | |
| Volatility (annualized) | 15.3% | 30.6% | |
| Max Drawdown | -35.4% | -83.0% | |
| Fund Family | First Trust Portfolios (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 14, 2012 | Mar 10, 1999 |
FSZ vs QQQ Performance
First Trust Switzerland AlphaDEX Fund (FSZ) is a ETF from First Trust Portfolios (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FSZ returned +7.21% while QQQ returned +27.27%. Year to date, FSZ is up 4.28% versus a gain of 16.64% for QQQ.
Over three years, FSZ compounded at +13.23% per year against +25.96% for QQQ; over five years the annualized figures are +5.68% and +14.54% respectively. Across the full 15-year window we track, QQQ has the edge at +13.03% annualized vs +8.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.3% for FSZ. 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 -35.4% for FSZ 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FSZ 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, FSZ currently yields 2.01% against 0.44% for QQQ.
Holdings Overlap
FSZ and QQQ share 0 holdings out of 142 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, FSZ or QQQ?
FSZ has an expense ratio of 0.80% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, FSZ or QQQ?
Over the past year FSZ returned +7.21% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (15 years), FSZ annualized +8.09% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, FSZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.3% for FSZ. Worst drawdown: FSZ -35.4% vs QQQ -83.0%.
Should I hold both FSZ and QQQ?
FSZ and QQQ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FSZ and QQQ?
FSZ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 142 unique securities.
Which pays a higher dividend, FSZ or QQQ?
FSZ yields 2.01% while QQQ yields 0.44%, so FSZ currently pays the higher dividend yield.
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