QQQ vs. FLIN

Last updated Jun 9, 2026

QQQ (Invesco QQQ ETF) and FLIN (Franklin FTSE India ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while FLIN is a Asia Pacific Equities fund tracking the FTSE India RIC Capped Index. Both are passively managed. Over the past 5 years, QQQ returned 16.98%/yr vs 3.56%/yr for FLIN. At a 0.44 correlation, their price movements are largely independent. QQQ charges 0.18%/yr vs 0.19%/yr for FLIN.

Performance

QQQ vs. FLIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and Franklin FTSE India ETF (FLIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQ achieves a 16.71% return, which is significantly higher than FLIN's -12.18% return.

QQQ

• 1D: 1.56%
• 1M: 0.68%
• YTD: 16.71%
• 6M: 15.00%
• 1Y: 35.78%
• 3Y*: 27.15%
• 5Y*: 16.98%
• 10Y*: 21.59%

FLIN

• 1D: -0.24%
• 1M: -4.99%
• YTD: -12.18%
• 6M: -10.48%
• 1Y: -13.37%
• 3Y*: 5.55%
• 5Y*: 3.56%
• 10Y*: —

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

QQQ vs. FLIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QQQ Invesco QQQ ETF	16.71%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	1.38%
FLIN Franklin FTSE India ETF	-12.18%	2.40%	10.33%	20.58%	-7.96%	24.96%	14.50%	4.77%	-6.70%

Correlation

The correlation between QQQ and FLIN is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Feb 9, 2018	0.44

QQQ vs. FLIN - Sectors Allocation Comparison

Sectors	QQQ	FLIN
Technology	53.8%	8.4%
Communication Services	15.8%	4.6%
Consumer Cyclical	12.3%	12.0%
Consumer Defensive	7.7%	5.8%
Healthcare	4.2%	6.5%
Industrials	2.8%	10.3%
Utilities	1.4%	5.3%
Basic Materials	1.1%	9.2%
Energy	0.6%	9.5%
Financial Services	0.2%	27.2%
Real Estate	0.1%	1.3%

Return for Risk

QQQ vs. FLIN — Risk / Return Rank

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

QQQ

QQQ Risk / Return Rank: 69
QQQ Sharpe Ratio Rank: 74
QQQ Sortino Ratio Rank: 67
QQQ Omega Ratio Rank: 70
QQQ Calmar Ratio Rank: 66
QQQ Martin Ratio Rank: 68

FLIN

FLIN Risk / Return Rank: 2
FLIN Sharpe Ratio Rank: 2
FLIN Sortino Ratio Rank: 2
FLIN Omega Ratio Rank: 3
FLIN Calmar Ratio Rank: 3
FLIN Martin Ratio Rank: 0

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.

QQQ vs. FLIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Franklin FTSE India ETF (FLIN). 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.

	QQQ	FLIN	Difference
Sharpe ratio: Return per unit of total volatility	2.15	-0.90	+3.05
Sortino ratio: Return per unit of downside risk	2.77	-1.24	+4.01
Omega ratio: Gain probability vs. loss probability	1.38	0.86	+0.52
Calmar ratio: Return relative to maximum drawdown	3.00	-0.71	+3.72
Martin ratio: Return relative to average drawdown	11.43	-1.73	+13.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQ vs. FLIN - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.15, which is higher than the FLIN Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of QQQ and FLIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQ	FLIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	-0.90	+3.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.23	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.26	+0.14

Drawdowns

QQQ vs. FLIN - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than FLIN's maximum drawdown of -41.90%. Use the drawdown chart below to compare losses from any high point for QQQ and FLIN.

Drawdown Indicators

	QQQ	FLIN	Difference
Max Drawdown Largest peak-to-trough decline	-82.97%	-41.90%	-41.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-18.79%	+6.83%
Max Drawdown (3Y) Largest decline over 3 years	-22.77%	-22.85%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-35.12%	-22.85%	-12.27%
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	—	—
Current Drawdown Current decline from peak	-4.03%	-19.15%	+15.12%
Average Drawdown Average peak-to-trough decline	-32.77%	-8.02%	-24.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	7.73%	-4.59%

Volatility

QQQ vs. FLIN - Volatility Comparison

Invesco QQQ ETF (QQQ) has a higher volatility of 6.84% compared to Franklin FTSE India ETF (FLIN) at 5.06%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than FLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQ	FLIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	5.06%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	13.20%	12.90%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	14.98%	+1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.49%	15.76%	+6.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	20.44%	+1.92%

QQQ vs. FLIN - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than FLIN's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQQ vs. FLIN - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.39%, less than FLIN's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLIN Franklin FTSE India ETF	0.64%	0.56%	1.58%	0.73%	0.73%	2.26%	0.68%	0.90%	0.92%	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 QQQ and FLIN in my portfolio?

QQQ and FLIN have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQ or FLIN?

QQQ has higher volatility (6.84%) compared to FLIN (5.06%). In terms of maximum drawdown, QQQ dropped -82.97% vs FLIN's -41.90%.

Which ETF is better, QQQ or FLIN?

On 5-year performance, QQQ leads with 16.98% vs 3.56% for FLIN. On fees, QQQ is cheaper at 0.18% per year. On volatility, FLIN has been the lower-risk option at 5.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQ or FLIN?

Over the 5-year period, QQQ has performed better with a 16.98% return vs 3.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQ or FLIN?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.19% for FLIN.

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

FLIN has the higher dividend yield at 0.64%, compared with 0.39% for QQQ.

What is the main difference between QQQ and FLIN?

QQQ is categorized as Nasdaq-100, while FLIN is Asia Pacific Equities. QQQ tracks NASDAQ-100 Index, while FLIN tracks FTSE India RIC Capped Index. They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.18% for QQQ and 0.19% for FLIN.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.15 vs -0.90), 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.