FAD vs. QQQN

Last updated Aug 2, 2026

FAD (First Trust Multi Cap Growth AlphaDEX Fund) and QQQN (VictoryShares Nasdaq Next 50 ETF) are both Mid Cap Growth Equities funds - FAD tracks the NASDAQ AlphaDEX Multi Cap Growth Index while QQQN tracks the Nasdaq Q-50 Index. Both are passively managed. FAD charges 0.63%/yr vs 0.18%/yr for QQQN.

Performance

FAD vs. QQQN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Multi Cap Growth AlphaDEX Fund (FAD) and VictoryShares Nasdaq Next 50 ETF (QQQN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FAD

• 1D: -0.06%
• 1M: -4.21%
• 6M: 10.52%
• YTD: 13.47%
• 1Y: 24.70%
• 3Y*: 19.42%
• 5Y*: 9.39%
• 10Y*: 13.70%
• ALL TIME*: 10.35%

QQQN

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAD First Trust Multi Cap Growth AlphaDEX Fund	$3.18M	$2.71M	$2.70M
QQQN VictoryShares Nasdaq Next 50 ETF	$0.00	$0.00	$0.00

FAD vs. QQQN - Yearly Performance Comparison

	2026 (YTD)
FAD First Trust Multi Cap Growth AlphaDEX Fund	13.02%
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%

FAD vs. QQQN - Sectors Allocation Comparison

Sectors	FAD	QQQN
Technology	28.2%	47.3%
Industrials	24.4%	8.7%
Healthcare	15.9%	19.9%
Consumer Cyclical	9.9%	13.7%
Financial Services	7.6%	-
Real Estate	3.8%	-
Communication Services	2.8%	5.5%
Basic Materials	2.5%	1.9%
Consumer Defensive	2.1%	1.4%
Energy	1.4%	-
Utilities	1.4%	1.6%

Return for Risk

FAD vs. QQQN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FAD

FAD Risk / Return Rank: 49
FAD Sharpe Ratio Rank: 44
FAD Sortino Ratio Rank: 44
FAD Omega Ratio Rank: 42
FAD Calmar Ratio Rank: 59
FAD Martin Ratio Rank: 55

QQQN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FAD vs. QQQN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Multi Cap Growth AlphaDEX Fund (FAD) and VictoryShares Nasdaq Next 50 ETF (QQQN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FAD	QQQN	Difference
Sharpe ratio: Return per unit of total volatility	1.09	—	—
Sortino ratio: Return per unit of downside risk	1.61	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	2.10	—	—
Martin ratio: Return relative to average drawdown	6.53	—	—

Drawdowns

FAD vs. QQQN - Drawdown Comparison

The maximum FAD drawdown since its inception was -54.33%, which is greater than QQQN's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FAD and QQQN.

Drawdown Indicators

	FAD	QQQN	Difference
Max Drawdown Largest peak-to-trough decline	-54.33%	0.00%	-54.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.66%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.25%	—	—
Current Drawdown Current decline from peak	-8.21%	0.00%	-8.21%
Average Drawdown Average peak-to-trough decline	-9.60%	0.00%	-9.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	—	—

Volatility

Volatility by Period

	FAD	QQQN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.54%	0.00%	+20.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.87%	0.00%	+20.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.35%	0.00%	+21.35%

FAD vs. QQQN - Expense Ratio Comparison

FAD has a 0.63% expense ratio, which is higher than QQQN's 0.18% expense ratio.

Dividends

FAD vs. QQQN - Dividend Comparison

FAD's dividend yield for the trailing twelve months is around 0.10%, while QQQN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAD First Trust Multi Cap Growth AlphaDEX Fund	0.10%	0.09%	0.59%	0.51%	0.60%	0.09%	0.32%	0.48%	0.20%	0.22%	0.64%	0.41%
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FAD or QQQN?

On fees, QQQN is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FAD or QQQN?

QQQN is cheaper with a 0.18% expense ratio, compared with 0.63% for FAD.

Which ETF pays a higher dividend yield, FAD or QQQN?

FAD has the higher dividend yield at 0.10%, compared with 0.00% for QQQN.

What is the main difference between FAD and QQQN?

FAD tracks NASDAQ AlphaDEX Multi Cap Growth Index, while QQQN tracks Nasdaq Q-50 Index. They also come from different issuers: First Trust and VictoryShares. Their fees differ too: 0.63% for FAD and 0.18% for QQQN.