FXZ vs. QQQ
Compare and contrast key facts about First Trust Materials AlphaDEX Fund (FXZ) and Invesco QQQ ETF (QQQ).
FXZ and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXZ is a passively managed fund by First Trust that tracks the performance of the StrataQuant Materials Index. It was launched on May 8, 2007. 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 FXZ 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.
Performance
FXZ vs. QQQ - Performance Comparison
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FXZ vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXZ First Trust Materials AlphaDEX Fund | 17.95% | 16.25% | -16.31% | 16.27% | -0.92% | 30.84% | 22.52% | 21.52% | -22.62% | 23.72% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, FXZ achieves a 17.95% return, which is significantly higher than QQQ's -5.93% return. Over the past 10 years, FXZ has underperformed QQQ with an annualized return of 11.09%, while QQQ has yielded a comparatively higher 18.85% annualized return.
FXZ
- 1D
- 3.07%
- 1M
- -3.11%
- YTD
- 17.95%
- 6M
- 24.85%
- 1Y
- 39.96%
- 3Y*
- 7.22%
- 5Y*
- 8.21%
- 10Y*
- 11.09%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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FXZ vs. QQQ - Expense Ratio Comparison
FXZ has a 0.67% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
FXZ vs. QQQ — Risk / Return Rank
FXZ
QQQ
FXZ vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Materials AlphaDEX Fund (FXZ) 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.
| FXZ | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.05 | +0.47 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.63 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.88 | +0.58 |
Martin ratioReturn relative to average drawdown | 9.45 | 6.95 | +2.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXZ | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.05 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.58 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.85 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.37 | -0.04 |
Correlation
The correlation between FXZ and QQQ is 0.60, 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.
Dividends
FXZ vs. QQQ - Dividend Comparison
FXZ's dividend yield for the trailing twelve months is around 1.52%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXZ First Trust Materials AlphaDEX Fund | 1.52% | 1.74% | 1.81% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
FXZ vs. QQQ - Drawdown Comparison
The maximum FXZ drawdown since its inception was -65.46%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FXZ and QQQ.
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Drawdown Indicators
| FXZ | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.46% | -82.97% | +17.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -12.62% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -33.99% | -35.12% | +1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -49.41% | -35.12% | -14.29% |
Current DrawdownCurrent decline from peak | -4.10% | -8.98% | +4.88% |
Average DrawdownAverage peak-to-trough decline | -11.45% | -32.99% | +21.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 3.41% | +0.84% |
Volatility
FXZ vs. QQQ - Volatility Comparison
First Trust Materials AlphaDEX Fund (FXZ) has a higher volatility of 8.64% compared to Invesco QQQ ETF (QQQ) at 6.51%. This indicates that FXZ's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXZ | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 6.51% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 17.29% | 12.77% | +4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.42% | 22.67% | +3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.10% | 22.39% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.79% | 22.25% | +2.54% |