QQQS vs. FDM
Compare and contrast key facts about Invesco NASDAQ Future Gen 200 ETF (QQQS) and First Trust Dow Jones Select MicroCap Index Fund (FDM).
QQQS and FDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQS is a passively managed fund by Invesco that tracks the performance of the Nasdaq Innovators Completion Cap Total Return Index. It was launched on Oct 13, 2022. FDM is a passively managed fund by First Trust that tracks the performance of the Dow Jones Select Microcap Index. It was launched on Sep 27, 2005. Both QQQS and FDM 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
QQQS vs. FDM - Performance Comparison
Loading graphics...
QQQS vs. FDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QQQS Invesco NASDAQ Future Gen 200 ETF | -0.97% | 23.03% | 10.20% | -1.94% | 6.56% |
FDM First Trust Dow Jones Select MicroCap Index Fund | 3.39% | 18.64% | 13.00% | 12.76% | 5.50% |
Returns By Period
In the year-to-date period, QQQS achieves a -0.97% return, which is significantly lower than FDM's 3.39% return.
QQQS
- 1D
- 4.87%
- 1M
- -6.39%
- YTD
- -0.97%
- 6M
- 2.84%
- 1Y
- 49.21%
- 3Y*
- 8.27%
- 5Y*
- —
- 10Y*
- —
FDM
- 1D
- 1.32%
- 1M
- -3.24%
- YTD
- 3.39%
- 6M
- 9.17%
- 1Y
- 33.86%
- 3Y*
- 17.23%
- 5Y*
- 7.95%
- 10Y*
- 11.22%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QQQS vs. FDM - Expense Ratio Comparison
QQQS has a 0.20% expense ratio, which is lower than FDM's 0.60% expense ratio.
Return for Risk
QQQS vs. FDM — Risk / Return Rank
QQQS
FDM
QQQS vs. FDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Future Gen 200 ETF (QQQS) and First Trust Dow Jones Select MicroCap Index Fund (FDM). 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.
| QQQS | FDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 1.53 | +0.08 |
Sortino ratioReturn per unit of downside risk | 2.20 | 2.22 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.81 | 2.78 | +0.03 |
Martin ratioReturn relative to average drawdown | 9.71 | 9.61 | +0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| QQQS | FDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.53 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.34 | +0.03 |
Correlation
The correlation between QQQS and FDM is 0.77, 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.
Dividends
QQQS vs. FDM - Dividend Comparison
QQQS's dividend yield for the trailing twelve months is around 3.51%, more than FDM's 1.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQS Invesco NASDAQ Future Gen 200 ETF | 3.51% | 3.48% | 0.80% | 0.68% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDM First Trust Dow Jones Select MicroCap Index Fund | 1.33% | 1.43% | 1.56% | 1.81% | 1.80% | 1.08% | 1.68% | 1.37% | 1.26% | 0.97% | 1.13% | 1.45% |
Drawdowns
QQQS vs. FDM - Drawdown Comparison
The maximum QQQS drawdown since its inception was -38.06%, smaller than the maximum FDM drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for QQQS and FDM.
Loading graphics...
Drawdown Indicators
| QQQS | FDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.06% | -63.45% | +25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -16.53% | -11.99% | -4.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.76% | — |
Current DrawdownCurrent decline from peak | -9.42% | -5.74% | -3.68% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -11.43% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 3.46% | +1.32% |
Volatility
QQQS vs. FDM - Volatility Comparison
Invesco NASDAQ Future Gen 200 ETF (QQQS) has a higher volatility of 10.32% compared to First Trust Dow Jones Select MicroCap Index Fund (FDM) at 6.37%. This indicates that QQQS's price experiences larger fluctuations and is considered to be riskier than FDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QQQS | FDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.32% | 6.37% | +3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 14.17% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.79% | 22.29% | +8.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.42% | 21.53% | +6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.42% | 23.33% | +5.09% |