FAEGX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Equity Growth Fund Class M (FAEGX) and Invesco QQQ (QQQ).
FAEGX is managed by Fidelity. It was launched on Sep 10, 1992. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAEGX or QQQ.
Correlation
The correlation between FAEGX and QQQ is 0.91, 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.
Performance
FAEGX vs. QQQ - Performance Comparison
Key characteristics
FAEGX:
-0.48
QQQ:
0.15
FAEGX:
-0.48
QQQ:
0.38
FAEGX:
0.93
QQQ:
1.05
FAEGX:
-0.38
QQQ:
0.16
FAEGX:
-1.16
QQQ:
0.58
FAEGX:
10.25%
QQQ:
6.25%
FAEGX:
25.06%
QQQ:
24.88%
FAEGX:
-63.80%
QQQ:
-82.98%
FAEGX:
-26.50%
QQQ:
-17.56%
Returns By Period
The year-to-date returns for both investments are quite close, with FAEGX having a -13.68% return and QQQ slightly higher at -13.00%. Over the past 10 years, FAEGX has underperformed QQQ with an annualized return of 5.51%, while QQQ has yielded a comparatively higher 16.07% annualized return.
FAEGX
-13.68%
-8.28%
-23.89%
-8.13%
7.19%
5.51%
QQQ
-13.00%
-7.20%
-9.91%
7.76%
16.65%
16.07%
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FAEGX vs. QQQ - Expense Ratio Comparison
FAEGX has a 1.21% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FAEGX vs. QQQ — Risk-Adjusted Performance Rank
FAEGX
QQQ
FAEGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class M (FAEGX) and Invesco QQQ (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.
Dividends
FAEGX vs. QQQ - Dividend Comparison
FAEGX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.67%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAEGX Fidelity Advisor Equity Growth Fund Class M | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.40% | 0.00% |
QQQ Invesco QQQ | 0.67% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FAEGX vs. QQQ - Drawdown Comparison
The maximum FAEGX drawdown since its inception was -63.80%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FAEGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FAEGX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Equity Growth Fund Class M (FAEGX) is 14.65%, while Invesco QQQ (QQQ) has a volatility of 16.19%. This indicates that FAEGX 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.