FAGAX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) and Invesco QQQ (QQQ).
FAGAX is managed by Fidelity. It was launched on Sep 3, 1996. 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: FAGAX or QQQ.
Key characteristics
| FAGAX | QQQ | |
|---|---|---|
| YTD Return | 36.91% | 23.99% |
| 1Y Return | 53.11% | 36.58% |
| 3Y Return (Ann) | 1.08% | 8.99% |
| 5Y Return (Ann) | 15.33% | 21.09% |
| 10Y Return (Ann) | 12.35% | 18.40% |
| Sharpe Ratio | 2.77 | 2.17 |
| Sortino Ratio | 3.53 | 2.86 |
| Omega Ratio | 1.49 | 1.39 |
| Calmar Ratio | 1.65 | 2.79 |
| Martin Ratio | 16.02 | 10.19 |
| Ulcer Index | 3.43% | 3.72% |
| Daily Std Dev | 19.82% | 17.42% |
| Max Drawdown | -65.24% | -82.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FAGAX and QQQ is 0.87, 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
FAGAX vs. QQQ - Performance Comparison
In the year-to-date period, FAGAX achieves a 36.91% return, which is significantly higher than QQQ's 23.99% return. Over the past 10 years, FAGAX has underperformed QQQ with an annualized return of 12.35%, while QQQ has yielded a comparatively higher 18.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FAGAX vs. QQQ - Expense Ratio Comparison
FAGAX has a 1.04% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FAGAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) 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
FAGAX vs. QQQ - Dividend Comparison
FAGAX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.12% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FAGAX vs. QQQ - Drawdown Comparison
The maximum FAGAX drawdown since its inception was -65.24%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FAGAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FAGAX vs. QQQ - Volatility Comparison
Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) has a higher volatility of 5.31% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that FAGAX'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.