FPWR vs QQQ
First Trust EIP Power Solutions ETF vs Invesco QQQ Trust, Series 1
Which is better, FPWR or QQQ?
Mid Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FPWR is less concentrated, with 35.0% of the fund in its ten largest positions against 46.7%.
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 | FPWR | QQQ |
|---|---|---|
| Expense Ratio | 0.96% | 0.18%Best |
| AUM | $32M | $506.1B |
| Dividend Yield | 2.27% | 0.42% |
| Holdings | 58 | 321 |
| YTD Return | +9.16% | +19.30%Best |
| 1Y Return | +8.62% | +22.47%Best |
| 3Y Return (annualized) | +18.81% | +26.18%Best |
| 5Y Return (annualized) | +10.94% | +15.42%Best |
| Volatility (annualized) | 14.7%Best | 20.4% |
| Max Drawdown | -32.3%Best | -35.1% |
| $10,000 over 5 years | $16,805 | $20,484Best |
| Top 10 Weight | 35.0%Best | 46.7% |
| Fund Family | First Trust Portfolios (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Growth |
| Inception | Aug 20, 2019 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Aug 20, 2019 to Oct 14, 2026 (7.2 years).
FPWR 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 7.2 years both funds cover.
FPWR vs QQQ Performance
First Trust EIP Power Solutions ETF (FPWR) 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 FPWR returned +8.62% while QQQ returned +22.47%. Year to date, FPWR is up 9.16% versus a gain of 19.30% for QQQ.
Over three years, FPWR compounded at +18.81% per year against +26.18% for QQQ; over five years the annualized figures are +10.94% and +15.42% respectively. Across the full 7-year window we track, QQQ has the edge at +21.52% annualized vs +10.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 14.7% for FPWR. 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 -32.3% for FPWR and -35.1% 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 0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FPWR charges 0.96% per year while QQQ charges 0.18%. On a $10,000 position that is $96 vs $18 annually, a gap of $78 per year that compounds over a long holding period. On income, FPWR currently yields 2.27% against 0.42% for QQQ.
Holdings Overlap
5.3% of FPWR's money is in holdings QQQ also owns. 0.8% of QQQ's money is in holdings FPWR also owns.
FPWR and QQQ share little of their money.
3 positions in common, counted across the 58 positions we hold weights for in FPWR and 101 in QQQ, against full books of 58 and 321.
What only one of them owns
Our book lists 90 positions for QQQ that do not appear in our book for FPWR (95.5% of the fund), and 49 for FPWR that do not appear in QQQ (86.8%).
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 FPWR 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, FPWR or QQQ?
FPWR has an expense ratio of 0.96% while QQQ charges 0.18%. QQQ is the cheaper option, by $78 a year on a $10,000 investment.
Which performed better, FPWR or QQQ?
Over the past year FPWR returned +8.62% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), FPWR annualized +10.34% vs +21.52% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPWR or QQQ?
QQQ has been the more volatile fund at 20.4% annualized versus 14.7% for FPWR. Worst drawdown: FPWR -32.3% vs QQQ -35.1%.
Should I hold both FPWR and QQQ?
FPWR and QQQ have a monthly-return correlation of 0.44, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FPWR and QQQ?
5.3% of FPWR's money is in holdings QQQ also owns. 0.8% of QQQ's is in holdings FPWR also owns. They hold 3 positions in common, counted across the 58 positions we hold weights for in FPWR and 101 in QQQ.
Which pays a higher dividend, FPWR or QQQ?
FPWR yields 2.27% while QQQ yields 0.42%, so FPWR currently pays the higher dividend yield.
Is QQQ better than FPWR?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FPWR is less concentrated, with 35.0% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.