FXP vs QQQ
ProShares Ultrashort FTSE China 50 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 | FXP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.18% | |
| AUM | $6M | $496.3B | |
| Dividend Yield | 3.41% | 0.44% | |
| Holdings | 6 | 108 | |
| YTD Return | +26.05% | +19.52% | |
| 1Y Return | +13.60% | +26.68% | |
| 3Y Return (annualized) | -29.02% | +26.64% | |
| 5Y Return (annualized) | -19.82% | +15.36% | |
| Volatility (annualized) | 48.3% | 30.6% | |
| Max Drawdown | -99.9% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 6, 2007 | Mar 10, 1999 |
FXP vs QQQ Performance
ProShares Ultrashort FTSE China 50 (FXP) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FXP returned +13.60% while QQQ returned +26.68%. Year to date, FXP is up 26.05% versus a gain of 19.52% for QQQ.
Over three years, FXP compounded at -29.02% per year against +26.64% for QQQ; over five years the annualized figures are -19.82% and +15.36% respectively. Across the full 19-year window we track, QQQ has the edge at +13.14% annualized vs -28.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FXP has been the more volatile fund, with annualized monthly volatility of 48.3% compared with 30.6% 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 -99.9% for FXP 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 -0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FXP charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, FXP currently yields 3.41% against 0.44% for QQQ.
Frequently Asked Questions
Which is cheaper, FXP or QQQ?
FXP has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, FXP or QQQ?
Over the past year FXP returned +13.60% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), FXP annualized -28.38% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, FXP or QQQ?
FXP has been the more volatile fund at 48.3% annualized versus 30.6% for QQQ. Worst drawdown: FXP -99.9% vs QQQ -83.0%.
Should I hold both FXP and QQQ?
FXP and QQQ have a monthly-return correlation of -0.34, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FXP or QQQ?
FXP yields 3.41% while QQQ yields 0.44%, so FXP currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.