FPE vs. QQQ
Compare and contrast key facts about First Trust Preferred Securities & Income ETF (FPE) and Invesco QQQ (QQQ).
FPE and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPE is an actively managed fund by First Trust. It was launched on Feb 12, 2013. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPE or QQQ.
Performance
FPE vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FPE achieves a 10.72% return, which is significantly lower than QQQ's 23.84% return. Over the past 10 years, FPE has underperformed QQQ with an annualized return of 4.96%, while QQQ has yielded a comparatively higher 18.03% annualized return.
FPE
10.72%
-0.89%
5.85%
16.25%
3.16%
4.96%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| FPE | QQQ | |
|---|---|---|
| Sharpe Ratio | 3.61 | 1.78 |
| Sortino Ratio | 5.39 | 2.37 |
| Omega Ratio | 1.77 | 1.32 |
| Calmar Ratio | 1.38 | 2.28 |
| Martin Ratio | 26.23 | 8.27 |
| Ulcer Index | 0.62% | 3.73% |
| Daily Std Dev | 4.50% | 17.37% |
| Max Drawdown | -33.35% | -82.98% |
| Current Drawdown | -1.64% | -1.78% |
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FPE vs. QQQ - Expense Ratio Comparison
FPE has a 0.85% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between FPE and QQQ is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
FPE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities & Income ETF (FPE) 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.
Dividends
FPE vs. QQQ - Dividend Comparison
FPE's dividend yield for the trailing twelve months is around 5.11%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | 5.11% | 6.04% | 5.67% | 4.50% | 4.88% | 5.32% | 6.14% | 5.39% | 5.98% | 5.49% | 6.00% | 4.70% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FPE vs. QQQ - Drawdown Comparison
The maximum FPE drawdown since its inception was -33.35%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FPE and QQQ. For additional features, visit the drawdowns tool.
Volatility
FPE vs. QQQ - Volatility Comparison
The current volatility for First Trust Preferred Securities & Income ETF (FPE) is 1.23%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that FPE 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.