FYX vs QQQ
First Trust Small Cap Core AlphaDEX Fund vs Invesco QQQ Trust, Series 1
Which is better, FYX or QQQ?
Small Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. FYX led over 1Y, QQQ over 3Y, 5Y and the full window. FYX is less concentrated, with 4.8% of the fund in its ten largest positions against 46.5%.
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 | FYX | QQQ |
|---|---|---|
| Expense Ratio | 0.58% | 0.18%Best |
| AUM | $1.4B | $483.5B |
| Dividend Yield | 0.90% | 0.44% |
| Holdings | 1,052 | 107 |
| YTD Return | +22.44%Best | +15.18% |
| 1Y Return | +29.15%Best | +19.65% |
| 3Y Return (annualized) | +20.44% | +24.60%Best |
| 5Y Return (annualized) | +10.04% | +13.94%Best |
| Volatility (annualized) | 21.9% | 18.9%Best |
| Max Drawdown | -62.1% | -53.5%Best |
| $10,000 over 5 years | $16,134 | $19,204Best |
| Top 10 Weight | 4.8%Best | 46.5% |
| Fund Family | First Trust Portfolios (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Growth |
| Inception | May 8, 2007 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: May 10, 2007 to Sep 15, 2026 (19.4 years).
FYX 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 19.4 years both funds cover.
FYX vs QQQ Performance
First Trust Small Cap Core AlphaDEX Fund (FYX) is an ETF from First Trust Portfolios (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FYX returned +29.15% while QQQ returned +19.65%. Year to date, FYX is up 22.44% versus a gain of 15.18% for QQQ.
Over three years, FYX compounded at +20.44% per year against +24.60% for QQQ; over five years the annualized figures are +10.04% and +13.94% respectively. Across the full 19-year window we track, QQQ has the edge at +15.31% annualized vs +8.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FYX has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 18.9% 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 -62.1% for FYX and -53.5% 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FYX charges 0.58% per year while QQQ charges 0.18%. On a $10,000 position that is $58 vs $18 annually, a gap of $40 per year that compounds over a long holding period. On income, FYX currently yields 0.90% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 509 holdings in FYX and 102 in QQQ, totalling 97.1% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 509 positions we hold weights for in FYX and 102 in QQQ, against full books of 1,052 and 107.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for FYX (97.5% of the fund), and 496 for FYX that do not appear in QQQ (94.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of FYX 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, FYX or QQQ?
FYX has an expense ratio of 0.58% while QQQ charges 0.18%. QQQ is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, FYX or QQQ?
Over the past year FYX returned +29.15% vs +19.65% for QQQ, so FYX leads on 1-year performance. Over the longest common window we track (19 years), FYX annualized +8.61% vs +15.31% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FYX or QQQ?
FYX has been the more volatile fund at 21.9% annualized versus 18.9% for QQQ. Worst drawdown: FYX -62.1% vs QQQ -53.5%.
Should I hold both FYX and QQQ?
FYX and QQQ have a monthly-return correlation of 0.74, 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, FYX or QQQ?
FYX yields 0.90% while QQQ yields 0.44%, so FYX currently pays the higher dividend yield.
Is QQQ better than FYX?
QQQ has a lower expense ratio. FYX led over 1Y, QQQ over 3Y, 5Y and the full window. FYX is less concentrated, with 4.8% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.