FAEGX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Equity Growth Fund Class M (FAEGX) and Invesco QQQ ETF (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.
Performance
FAEGX vs. QQQ - Performance Comparison
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FAEGX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAEGX Fidelity Advisor Equity Growth Fund Class M | -5.52% | 13.98% | 14.72% | 34.88% | -24.83% | 22.39% | 43.02% | 33.25% | -0.19% | 34.52% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, FAEGX achieves a -5.52% return, which is significantly lower than QQQ's -4.76% return. Over the past 10 years, FAEGX has underperformed QQQ with an annualized return of 15.08%, while QQQ has yielded a comparatively higher 18.99% annualized return.
FAEGX
- 1D
- 4.29%
- 1M
- -5.39%
- YTD
- -5.52%
- 6M
- -5.14%
- 1Y
- 16.86%
- 3Y*
- 14.86%
- 5Y*
- 7.94%
- 10Y*
- 15.08%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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FAEGX vs. QQQ - Expense Ratio Comparison
FAEGX has a 1.21% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
FAEGX vs. QQQ — Risk / Return Rank
FAEGX
QQQ
FAEGX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class M (FAEGX) 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.
| FAEGX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.07 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.66 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.00 | -0.64 |
Martin ratioReturn relative to average drawdown | 4.71 | 7.32 | -2.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAEGX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.07 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.59 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.86 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.38 | +0.14 |
Correlation
The correlation between FAEGX and QQQ is 0.92, 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
FAEGX vs. QQQ - Dividend Comparison
FAEGX's dividend yield for the trailing twelve months is around 0.69%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAEGX Fidelity Advisor Equity Growth Fund Class M | 0.69% | 0.65% | 0.00% | 0.58% | 2.34% | 13.01% | 12.18% | 9.80% | 7.24% | 12.32% | 6.48% | 2.40% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
FAEGX vs. QQQ - Drawdown Comparison
The maximum FAEGX drawdown since its inception was -63.85%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FAEGX and QQQ.
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Drawdown Indicators
| FAEGX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.85% | -82.97% | +19.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -12.62% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -31.02% | -35.12% | +4.10% |
Max Drawdown (10Y)Largest decline over 10 years | -31.16% | -35.12% | +3.96% |
Current DrawdownCurrent decline from peak | -9.01% | -7.86% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -16.23% | -32.99% | +16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 3.44% | +0.25% |
Volatility
FAEGX vs. QQQ - Volatility Comparison
Fidelity Advisor Equity Growth Fund Class M (FAEGX) has a higher volatility of 7.78% compared to Invesco QQQ ETF (QQQ) at 6.61%. 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.
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Volatility by Period
| FAEGX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 6.61% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 12.82% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 22.70% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 22.38% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.80% | 22.25% | -1.45% |