FAGAX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) and Invesco QQQ ETF (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.
Performance
FAGAX vs. QQQ - Performance Comparison
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FAGAX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | -9.54% | 22.17% | 38.71% | 45.14% | -38.40% | 11.31% | 68.60% | 40.26% | 14.87% | 34.66% |
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, FAGAX achieves a -9.54% return, which is significantly lower than QQQ's -4.76% return. Both investments have delivered pretty close results over the past 10 years, with FAGAX having a 19.20% annualized return and QQQ not far behind at 18.99%.
FAGAX
- 1D
- 4.77%
- 1M
- -5.81%
- YTD
- -9.54%
- 6M
- -8.51%
- 1Y
- 22.71%
- 3Y*
- 24.82%
- 5Y*
- 7.91%
- 10Y*
- 19.20%
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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FAGAX vs. QQQ - Expense Ratio Comparison
FAGAX has a 1.04% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
FAGAX vs. QQQ — Risk / Return Rank
FAGAX
QQQ
FAGAX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) 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.
| FAGAX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.07 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.66 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.00 | -0.54 |
Martin ratioReturn relative to average drawdown | 5.25 | 7.32 | -2.07 |
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
| FAGAX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.07 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.59 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.86 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.38 | +0.09 |
Correlation
The correlation between FAGAX and QQQ is 0.88, 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
FAGAX vs. QQQ - Dividend Comparison
FAGAX's dividend yield for the trailing twelve months is around 4.54%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | 4.54% | 4.11% | 0.00% | 0.00% | 0.00% | 10.19% | 5.45% | 4.10% | 11.99% | 7.67% | 15.44% | 11.12% |
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
FAGAX vs. QQQ - Drawdown Comparison
The maximum FAGAX drawdown since its inception was -65.24%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FAGAX and QQQ.
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Drawdown Indicators
| FAGAX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.24% | -82.97% | +17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.19% | -12.62% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -44.70% | -35.12% | -9.58% |
Max Drawdown (10Y)Largest decline over 10 years | -44.70% | -35.12% | -9.58% |
Current DrawdownCurrent decline from peak | -12.20% | -7.86% | -4.34% |
Average DrawdownAverage peak-to-trough decline | -15.27% | -32.99% | +17.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 3.44% | +1.05% |
Volatility
FAGAX vs. QQQ - Volatility Comparison
Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) has a higher volatility of 8.51% compared to Invesco QQQ ETF (QQQ) at 6.61%. 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.
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Volatility by Period
| FAGAX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 6.61% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.81% | 12.82% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.42% | 22.70% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.87% | 22.38% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 22.25% | +1.57% |