FV vs. QQQ

Last updated Jun 24, 2026

FV (First Trust Dorsey Wright Focus 5 ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - FV is a Large Cap Growth Equities fund tracking the Dorsey Wright Focus Five Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, FV returned 13.38%/yr vs 22.07%/yr for QQQ. Their correlation of 0.81 suggests significant overlap in exposure. FV charges 0.87%/yr vs 0.18%/yr for QQQ.

Performance

FV vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright Focus 5 ETF (FV) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FV achieves a 15.21% return, which is significantly lower than QQQ's 16.45% return. Over the past 10 years, FV has underperformed QQQ with an annualized return of 13.38%, while QQQ has yielded a comparatively higher 22.07% annualized return.

FV

• 1D: -2.10%
• 1M: 1.40%
• YTD: 15.21%
• 6M: 13.75%
• 1Y: 25.68%
• 3Y*: 17.37%
• 5Y*: 9.69%
• 10Y*: 13.38%

QQQ

• 1D: -3.29%
• 1M: -0.43%
• YTD: 16.45%
• 6M: 14.99%
• 1Y: 34.88%
• 3Y*: 26.05%
• 5Y*: 16.01%
• 10Y*: 22.07%

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

FV vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FV First Trust Dorsey Wright Focus 5 ETF	15.21%	7.23%	14.73%	11.34%	-3.93%	21.63%	28.36%	25.73%	-8.27%	19.97%
QQQ Invesco QQQ ETF	16.45%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between FV and QQQ is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 6, 2014	0.81

The correlation between FV and QQQ has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

FV vs. QQQ - Sectors Allocation Comparison

Sectors	FV	QQQ
Energy	34.8%	0.5%
Technology	23.5%	58.7%
Healthcare	20.5%	3.7%
Financial Services	19.8%	0.2%
Industrials	13.9%	2.6%
Consumer Cyclical	7.4%	11.4%
Communication Services	6.3%	14.3%
Real Estate	0.7%	0.1%
Basic Materials	-	1.0%
Consumer Defensive	-	6.4%
Utilities	-	1.2%

Return for Risk

FV vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FV

FV Risk / Return Rank: 45
FV Sharpe Ratio Rank: 48
FV Sortino Ratio Rank: 45
FV Omega Ratio Rank: 46
FV Calmar Ratio Rank: 41
FV Martin Ratio Rank: 46

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FV vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Focus 5 ETF (FV) and Invesco QQQ ETF (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.

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.

	FV	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.95	-0.36
Sortino ratio: Return per unit of downside risk	2.17	2.57	-0.40
Omega ratio: Gain probability vs. loss probability	1.28	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	1.92	2.93	-1.01
Martin ratio: Return relative to average drawdown	7.14	10.86	-3.72

FV vs. QQQ - Sharpe Ratio Comparison

The current FV Sharpe Ratio is 1.60, which is comparable to the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of FV and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FV vs. QQQ - Drawdown Comparison

The maximum FV drawdown since its inception was -34.04%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FV and QQQ.

Drawdown Indicators

	FV	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.04%	-82.97%	+48.93%
Max Drawdown (1Y) Largest decline over 1 year	-13.45%	-11.96%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-23.08%	-22.77%	-0.31%
Max Drawdown (5Y) Largest decline over 5 years	-23.08%	-35.12%	+12.04%
Max Drawdown (10Y) Largest decline over 10 years	-34.04%	-35.12%	+1.08%
Current Drawdown Current decline from peak	-2.55%	-4.25%	+1.70%
Average Drawdown Average peak-to-trough decline	-5.81%	-32.73%	+26.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	3.22%	+0.39%

Volatility

FV vs. QQQ - Volatility Comparison

The current volatility for First Trust Dorsey Wright Focus 5 ETF (FV) is 6.72%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that FV 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.

Volatility by Period

	FV	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.72%	9.17%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	13.67%	14.57%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	16.21%	17.96%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.92%	22.69%	-1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.47%	22.42%	-0.95%

FV vs. QQQ - Expense Ratio Comparison

FV has a 0.87% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

FV vs. QQQ - Dividend Comparison

FV's dividend yield for the trailing twelve months is around 0.53%, more than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FV First Trust Dorsey Wright Focus 5 ETF	0.53%	0.63%	0.14%	0.47%	1.38%	0.11%	0.06%	0.56%	0.19%	0.67%	0.95%	0.14%
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both FV and QQQ in my portfolio?

FV and QQQ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FV or QQQ?

QQQ has higher volatility (9.17%) compared to FV (6.72%). In terms of maximum drawdown, FV dropped -34.04% vs QQQ's -82.97%.

Which ETF is better, FV or QQQ?

On 10-year performance, QQQ leads with 22.07% vs 13.38% for FV. On fees, QQQ is cheaper at 0.18% per year. On volatility, FV has been the lower-risk option at 6.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FV or QQQ?

Over the 10-year period, QQQ has performed better with a 22.07% return vs 13.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FV or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.87% for FV.

Which ETF pays a higher dividend yield, FV or QQQ?

FV has the higher dividend yield at 0.53%, compared with 0.43% for QQQ.

What is the main difference between FV and QQQ?

FV is categorized as Large Cap Growth Equities, while QQQ is Nasdaq-100. FV tracks Dorsey Wright Focus Five Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.87% for FV and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.95 vs 1.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.