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:
0.80
QQQ:
1.42
FAEGX:
1.06
QQQ:
1.94
FAEGX:
1.18
QQQ:
1.25
FAEGX:
1.06
QQQ:
1.90
FAEGX:
3.44
QQQ:
6.64
FAEGX:
4.63%
QQQ:
3.89%
FAEGX:
19.97%
QQQ:
18.18%
FAEGX:
-63.80%
QQQ:
-82.98%
FAEGX:
-10.61%
QQQ:
-1.43%
Returns By Period
In the year-to-date period, FAEGX achieves a 4.98% return, which is significantly higher than QQQ's 3.60% return. Over the past 10 years, FAEGX has underperformed QQQ with an annualized return of 8.33%, while QQQ has yielded a comparatively higher 19.02% annualized return.
FAEGX
4.98%
2.17%
0.81%
14.52%
9.88%
8.33%
QQQ
3.60%
0.01%
14.74%
25.71%
20.25%
19.02%
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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 0.54%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
Invesco QQQ | 0.54% | 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
Fidelity Advisor Equity Growth Fund Class M (FAEGX) has a higher volatility of 13.22% compared to Invesco QQQ (QQQ) at 5.37%. This indicates that FAEGX'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.