FAFFX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) and Invesco QQQ (QQQ).
FAFFX is managed by Fidelity. It was launched on Jul 24, 2003. 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: FAFFX or QQQ.
Correlation
The correlation between FAFFX and QQQ is 0.83, 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
FAFFX vs. QQQ - Performance Comparison
Key characteristics
FAFFX:
1.16
QQQ:
1.30
FAFFX:
1.64
QQQ:
1.78
FAFFX:
1.21
QQQ:
1.24
FAFFX:
0.94
QQQ:
1.76
FAFFX:
6.05
QQQ:
6.08
FAFFX:
2.13%
QQQ:
3.92%
FAFFX:
11.15%
QQQ:
18.35%
FAFFX:
-54.44%
QQQ:
-82.98%
FAFFX:
-2.62%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, FAFFX achieves a 4.16% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, FAFFX has underperformed QQQ with an annualized return of 3.23%, while QQQ has yielded a comparatively higher 18.10% annualized return.
FAFFX
4.16%
0.06%
2.10%
11.19%
4.36%
3.23%
QQQ
2.90%
-1.23%
9.93%
21.16%
19.73%
18.10%
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FAFFX vs. QQQ - Expense Ratio Comparison
FAFFX has a 1.00% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FAFFX vs. QQQ — Risk-Adjusted Performance Rank
FAFFX
QQQ
FAFFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) 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
FAFFX vs. QQQ - Dividend Comparison
FAFFX's dividend yield for the trailing twelve months is around 1.24%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | 1.24% | 1.30% | 1.12% | 1.77% | 1.92% | 0.67% | 1.12% | 1.75% | 0.95% | 1.26% | 3.97% | 8.36% |
QQQ 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
FAFFX vs. QQQ - Drawdown Comparison
The maximum FAFFX drawdown since its inception was -54.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FAFFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FAFFX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) is 2.99%, while Invesco QQQ (QQQ) has a volatility of 5.02%. This indicates that FAFFX 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.