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FIW vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FIWQQQ
YTD Return7.68%8.77%
1Y Return26.76%45.81%
3Y Return (Ann)10.09%12.81%
5Y Return (Ann)15.58%20.75%
10Y Return (Ann)12.53%18.73%
Sharpe Ratio1.822.80
Daily Std Dev15.18%16.07%
Max Drawdown-52.75%-82.98%
Current Drawdown0.00%-0.35%

Correlation

0.72
-1.001.00

The correlation between FIW and QQQ is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

FIW vs. QQQ - Performance Comparison

In the year-to-date period, FIW achieves a 7.68% return, which is significantly lower than QQQ's 8.77% return. Over the past 10 years, FIW has underperformed QQQ with an annualized return of 12.53%, while QQQ has yielded a comparatively higher 18.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


300.00%400.00%500.00%600.00%700.00%800.00%900.00%1,000.00%OctoberNovemberDecember2024FebruaryMarch
474.30%
994.40%
FIW
QQQ

Compare stocks, funds, or ETFs


First Trust Water ETF

Invesco QQQ

FIW vs. QQQ - Expense Ratio Comparison

FIW has a 0.54% expense ratio, which is higher than QQQ's 0.20% expense ratio.

FIW
First Trust Water ETF
0.50%1.00%1.50%2.00%0.54%
0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

FIW vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Water ETF (FIW) and Invesco QQQ (QQQ). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FIW
First Trust Water ETF
1.82
QQQ
Invesco QQQ
2.80

FIW vs. QQQ - Sharpe Ratio Comparison

The current FIW Sharpe Ratio is 1.82, which is lower than the QQQ Sharpe Ratio of 2.80. The chart below compares the 12-month rolling Sharpe Ratio of FIW and QQQ.


Rolling 12-month Sharpe Ratio0.001.002.003.00OctoberNovemberDecember2024FebruaryMarch
1.82
2.80
FIW
QQQ

Dividends

FIW vs. QQQ - Dividend Comparison

FIW's dividend yield for the trailing twelve months is around 0.63%, more than QQQ's 0.59% yield.


TTM20232022202120202019201820172016201520142013
FIW
First Trust Water ETF
0.63%0.68%0.67%0.37%0.56%0.55%0.73%1.13%0.51%0.76%0.75%0.62%
QQQ
Invesco QQQ
0.59%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.01%

Drawdowns

FIW vs. QQQ - Drawdown Comparison

The maximum FIW drawdown since its inception was -52.75%, smaller than the maximum QQQ drawdown of -82.98%. The drawdown chart below compares losses from any high point along the way for FIW and QQQ


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch0
-0.35%
FIW
QQQ

Volatility

FIW vs. QQQ - Volatility Comparison

The current volatility for First Trust Water ETF (FIW) is 3.71%, while Invesco QQQ (QQQ) has a volatility of 4.40%. This indicates that FIW experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%OctoberNovemberDecember2024FebruaryMarch
3.71%
4.40%
FIW
QQQ