Correlation
The correlation between FJP and QQQ is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FJP vs. QQQ
Compare and contrast key facts about First Trust Japan AlphaDEX Fund (FJP) and Invesco QQQ (QQQ).
FJP and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FJP is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Japan Index. It was launched on Apr 18, 2011. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both FJP and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FJP or QQQ.
Performance
FJP vs. QQQ - Performance Comparison
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Key characteristics
FJP:
0.60
QQQ:
0.62
FJP:
0.87
QQQ:
0.92
FJP:
1.11
QQQ:
1.13
FJP:
0.78
QQQ:
0.60
FJP:
2.90
QQQ:
1.94
FJP:
4.58%
QQQ:
7.02%
FJP:
24.50%
QQQ:
25.59%
FJP:
-41.51%
QQQ:
-82.98%
FJP:
-1.73%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, FJP achieves a 12.11% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, FJP has underperformed QQQ with an annualized return of 3.23%, while QQQ has yielded a comparatively higher 17.69% annualized return.
FJP
12.11%
1.97%
14.39%
14.51%
10.51%
7.42%
3.23%
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
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FJP vs. QQQ - Expense Ratio Comparison
FJP has a 0.80% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FJP vs. QQQ — Risk-Adjusted Performance Rank
FJP
QQQ
FJP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Japan AlphaDEX Fund (FJP) 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.
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Dividends
FJP vs. QQQ - Dividend Comparison
FJP's dividend yield for the trailing twelve months is around 2.32%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJP First Trust Japan AlphaDEX Fund | 2.32% | 3.18% | 3.48% | 2.21% | 2.43% | 0.99% | 2.81% | 1.54% | 1.29% | 1.46% | 0.85% | 1.08% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FJP vs. QQQ - Drawdown Comparison
The maximum FJP drawdown since its inception was -41.51%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FJP and QQQ.
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Volatility
FJP vs. QQQ - Volatility Comparison
The current volatility for First Trust Japan AlphaDEX Fund (FJP) is 5.07%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that FJP 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.
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