FTPA vs QQQ
Franklin Pennsylvania Municipal Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. FTPA offers more diversification with 113 holdings.
Side-by-Side Comparison
| Metric | FTPA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $100M | $496.3B | |
| Dividend Yield | 3.44% | 0.44% | |
| Holdings | 113 | 108 | |
| YTD Return | +1.12% | +16.64% | |
| 1Y Return | - | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -3.0% | -83.0% | |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 21, 1989 | Mar 10, 1999 |
FTPA vs QQQ Performance
Franklin Pennsylvania Municipal Income ETF (FTPA) is a ETF from Franklin Templeton Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, FTPA is up 1.12% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.0% for FTPA and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FTPA charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, FTPA currently yields 3.44% against 0.44% for QQQ.
Holdings Overlap
FTPA and QQQ share 0 holdings out of 127 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, FTPA or QQQ?
FTPA has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
What is the holdings overlap between FTPA and QQQ?
FTPA and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 127 unique securities.
Which pays a higher dividend, FTPA or QQQ?
FTPA yields 3.44% while QQQ yields 0.44%, so FTPA currently pays the higher dividend yield.
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