LEGR vs. QQQ

Last updated Jun 14, 2026

LEGR (First Trust Indxx Innovative Transaction & Process ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - LEGR is a Blockchain fund tracking the Indxx Blockchain Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, LEGR returned 11.61%/yr vs 16.85%/yr for QQQ. A 0.77 correlation means they provide meaningful diversification when combined. LEGR charges 0.65%/yr vs 0.18%/yr for QQQ.

Performance

LEGR vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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, LEGR achieves a 11.18% return, which is significantly lower than QQQ's 17.57% return.

LEGR

• 1D: 0.92%
• 1M: 4.00%
• YTD: 11.18%
• 6M: 13.29%
• 1Y: 28.16%
• 3Y*: 22.32%
• 5Y*: 11.61%
• 10Y*: —

QQQ

• 1D: 0.59%
• 1M: 1.75%
• YTD: 17.57%
• 6M: 17.85%
• 1Y: 37.55%
• 3Y*: 26.43%
• 5Y*: 16.85%
• 10Y*: 21.79%

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

LEGR vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LEGR First Trust Indxx Innovative Transaction & Process ETF	11.18%	30.83%	16.25%	22.79%	-19.01%	17.91%	18.73%	27.99%	-14.65%
QQQ Invesco QQQ ETF	17.57%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-7.63%

Correlation

The correlation between LEGR and QQQ is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 25, 2018	0.77

The correlation between LEGR and QQQ has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

LEGR vs. QQQ - Sectors Allocation Comparison

Sectors	LEGR	QQQ
Financial Services	39.8%	0.2%
Technology	31.8%	58.7%
Consumer Cyclical	8.3%	11.4%
Communication Services	8.3%	14.3%
Industrials	5.7%	2.6%
Utilities	1.9%	1.2%
Basic Materials	1.7%	1.0%
Consumer Defensive	1.2%	6.4%
Healthcare	0.8%	3.7%
Energy	0.7%	0.5%
Real Estate	-	0.1%

Return for Risk

LEGR vs. QQQ — Risk / Return Rank

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

LEGR

LEGR Risk / Return Rank: 63
LEGR Sharpe Ratio Rank: 67
LEGR Sortino Ratio Rank: 65
LEGR Omega Ratio Rank: 64
LEGR Calmar Ratio Rank: 60
LEGR Martin Ratio Rank: 61

QQQ

QQQ Risk / Return Rank: 71
QQQ Sharpe Ratio Rank: 75
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 73
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 70

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.

LEGR vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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.

	LEGR	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.09	-0.18
Sortino ratio: Return per unit of downside risk	2.61	2.73	-0.12
Omega ratio: Gain probability vs. loss probability	1.34	1.37	-0.03
Calmar ratio: Return relative to maximum drawdown	2.64	3.01	-0.37
Martin ratio: Return relative to average drawdown	9.72	11.22	-1.51

LEGR vs. QQQ - Sharpe Ratio Comparison

The current LEGR Sharpe Ratio is 1.91, which is comparable to the QQQ Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of LEGR 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

LEGR vs. QQQ - Drawdown Comparison

The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for LEGR and QQQ.

Drawdown Indicators

	LEGR	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-82.97%	+46.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	-11.96%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	-22.77%	+8.52%
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	-35.12%	+3.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-2.56%	-3.33%	+0.77%
Average Drawdown Average peak-to-trough decline	-6.60%	-32.75%	+26.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	3.20%	-0.38%

Volatility

LEGR vs. QQQ - Volatility Comparison

The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 5.87%, while Invesco QQQ ETF (QQQ) has a volatility of 7.56%. This indicates that LEGR 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

	LEGR	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	7.56%	-1.69%
Volatility (6M) Calculated over the trailing 6-month period	12.07%	13.81%	-1.74%
Volatility (1Y) Calculated over the trailing 1-year period	14.34%	17.19%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	22.55%	-5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.33%	22.38%	-2.05%

LEGR vs. QQQ - Expense Ratio Comparison

LEGR has a 0.65% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

LEGR vs. QQQ - Dividend Comparison

LEGR's dividend yield for the trailing twelve months is around 1.68%, more than QQQ's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LEGR First Trust Indxx Innovative Transaction & Process ETF	1.68%	1.84%	2.40%	2.56%	2.64%	1.80%	0.95%	2.04%	1.30%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.39%	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 LEGR and QQQ in my portfolio?

LEGR and QQQ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEGR or QQQ?

QQQ has higher volatility (7.56%) compared to LEGR (5.87%). In terms of maximum drawdown, LEGR dropped -36.12% vs QQQ's -82.97%.

Which ETF is better, LEGR or QQQ?

On 5-year performance, QQQ leads with 16.85% vs 11.61% for LEGR. On fees, QQQ is cheaper at 0.18% per year. On volatility, LEGR has been the lower-risk option at 5.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LEGR or QQQ?

Over the 5-year period, QQQ has performed better with a 16.85% return vs 11.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LEGR or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.65% for LEGR.

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

LEGR has the higher dividend yield at 1.68%, compared with 0.39% for QQQ.

What is the main difference between LEGR and QQQ?

LEGR is categorized as Blockchain, while QQQ is Nasdaq-100. LEGR tracks Indxx Blockchain Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.65% for LEGR and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.09 vs 1.91), 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.