FTGS vs. QQQ
Compare and contrast key facts about First Trust Growth Strength ETF (FTGS) and Invesco QQQ (QQQ).
FTGS and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTGS is a passively managed fund by First Trust that tracks the performance of the The Growth Strength Index - Benchmark TR Gross. It was launched on Oct 25, 2022. 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 FTGS 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: FTGS or QQQ.
Key characteristics
| FTGS | QQQ | |
|---|---|---|
| YTD Return | 12.80% | 15.90% |
| 1Y Return | 27.99% | 28.50% |
| Sharpe Ratio | 1.70 | 1.48 |
| Daily Std Dev | 15.08% | 17.72% |
| Max Drawdown | -9.50% | -82.98% |
| Current Drawdown | -3.49% | -5.91% |
Correlation
The correlation between FTGS and QQQ is 0.85, 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
FTGS vs. QQQ - Performance Comparison
In the year-to-date period, FTGS achieves a 12.80% return, which is significantly lower than QQQ's 15.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTGS vs. QQQ - Expense Ratio Comparison
FTGS has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FTGS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Growth Strength ETF (FTGS) 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
FTGS vs. QQQ - Dividend Comparison
FTGS's dividend yield for the trailing twelve months is around 0.35%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTGS First Trust Growth Strength ETF | 0.35% | 0.62% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
FTGS vs. QQQ - Drawdown Comparison
The maximum FTGS drawdown since its inception was -9.50%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FTGS and QQQ. For additional features, visit the drawdowns tool.
Volatility
FTGS vs. QQQ - Volatility Comparison
The current volatility for First Trust Growth Strength ETF (FTGS) is 4.59%, while Invesco QQQ (QQQ) has a volatility of 6.05%. This indicates that FTGS 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.