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.
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
Key characteristics
FAGAX:
2.03
QQQ:
1.54
FAGAX:
2.67
QQQ:
2.06
FAGAX:
1.36
QQQ:
1.28
FAGAX:
1.51
QQQ:
2.03
FAGAX:
11.96
QQQ:
7.34
FAGAX:
3.46%
QQQ:
3.75%
FAGAX:
20.42%
QQQ:
17.90%
FAGAX:
-65.24%
QQQ:
-82.98%
FAGAX:
-4.25%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, FAGAX achieves a 39.46% return, which is significantly higher than QQQ's 26.66% return. Over the past 10 years, FAGAX has underperformed QQQ with an annualized return of 12.22%, while QQQ has yielded a comparatively higher 18.30% annualized return.
FAGAX
39.46%
2.54%
10.78%
40.35%
14.23%
12.22%
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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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 0.43%.
| 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 | 0.43% | 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 5.83% compared to Invesco QQQ (QQQ) at 5.23%. 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.