FXP vs QQQ
ProShares Ultrashort FTSE China 50 vs Invesco QQQ Trust, Series 1
Which is better, FXP or QQQ?
Trading-Inverse Equity against Large Cap Growth.
QQQ has a lower expense ratio. FXP led over 1Y, QQQ over 3Y, 5Y 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 | FXP | QQQ |
|---|---|---|
| Expense Ratio | 0.95% | 0.18%Best |
| AUM | $5M | $483.5B |
| Dividend Yield | 3.20% | 0.44% |
| Holdings | 5 | 107 |
| YTD Return | +29.88%Best | +17.95% |
| 1Y Return | +34.55%Best | +21.77% |
| 3Y Return (annualized) | -28.64% | +25.63%Best |
| 5Y Return (annualized) | -20.93% | +15.24%Best |
| Volatility (annualized) | 48.2% | 18.9%Best |
| Max Drawdown | - | -51.4% |
| $10,000 over 5 years | $3,091 | $20,324Best |
| Fund Family | ProShares | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Growth |
| Inception | Nov 6, 2007 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 8, 2007 to Sep 18, 2026 (18.9 years).
FXP 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FXP vs QQQ Performance
ProShares Ultrashort FTSE China 50 (FXP) is an ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FXP returned +34.55% while QQQ returned +21.77%. Year to date, FXP is up 29.88% versus a gain of 17.95% for QQQ.
Over three years, FXP compounded at -28.64% per year against +25.63% for QQQ; over five years the annualized figures are -20.93% and +15.24% respectively. Across the full 19-year window we track, QQQ has the edge at +15.19% annualized vs -28.14%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FXP has been the more volatile fund, with annualized monthly volatility of 48.2% compared with 18.9% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at -0.35. They move together some of the time, and apart the rest.
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 3.20% against 0.44% for QQQ.
You are not choosing between two funds in isolation.
Whichever of FXP 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, FXP or QQQ?
FXP has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, FXP or QQQ?
Over the past year FXP returned +34.55% vs +21.77% for QQQ, so FXP leads on 1-year performance. Over the longest common window we track (19 years), FXP annualized -28.14% vs +15.19% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FXP or QQQ?
FXP has been the more volatile fund at 48.2% annualized versus 18.9% for QQQ.
Should I hold both FXP and QQQ?
FXP and QQQ have a monthly-return correlation of -0.35, 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, FXP or QQQ?
FXP yields 3.20% while QQQ yields 0.44%, so FXP currently pays the higher dividend yield.
Is QQQ better than FXP?
QQQ has a lower expense ratio. FXP led over 1Y, QQQ over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.