FAGKX vs. QQQ
Compare and contrast key facts about Fidelity Growth Strategies Fund Class K (FAGKX) and Invesco QQQ (QQQ).
FAGKX is managed by Fidelity. It was launched on May 9, 2008. 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: FAGKX or QQQ.
Key characteristics
| FAGKX | QQQ | |
|---|---|---|
| YTD Return | 19.67% | 19.19% |
| 1Y Return | 34.39% | 33.08% |
| 3Y Return (Ann) | 1.80% | 7.58% |
| 5Y Return (Ann) | 12.42% | 20.31% |
| 10Y Return (Ann) | 11.19% | 17.95% |
| Sharpe Ratio | 2.40 | 2.01 |
| Sortino Ratio | 3.18 | 2.66 |
| Omega Ratio | 1.42 | 1.36 |
| Calmar Ratio | 1.54 | 2.56 |
| Martin Ratio | 13.60 | 9.32 |
| Ulcer Index | 2.74% | 3.72% |
| Daily Std Dev | 15.44% | 17.23% |
| Max Drawdown | -54.37% | -82.98% |
| Current Drawdown | -3.39% | -3.23% |
Correlation
The correlation between FAGKX and QQQ is 0.86, 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
FAGKX vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with FAGKX having a 19.67% return and QQQ slightly lower at 19.19%. Over the past 10 years, FAGKX has underperformed QQQ with an annualized return of 11.19%, while QQQ has yielded a comparatively higher 17.95% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FAGKX vs. QQQ - Expense Ratio Comparison
FAGKX has a 0.52% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FAGKX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund Class K (FAGKX) 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
FAGKX vs. QQQ - Dividend Comparison
FAGKX's dividend yield for the trailing twelve months is around 0.13%, less than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGKX Fidelity Growth Strategies Fund Class K | 0.13% | 0.16% | 0.00% | 13.99% | 8.30% | 3.73% | 0.90% | 0.55% | 0.72% | 0.29% | 0.92% | 0.38% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
FAGKX vs. QQQ - Drawdown Comparison
The maximum FAGKX drawdown since its inception was -54.37%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FAGKX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FAGKX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Growth Strategies Fund Class K (FAGKX) is 3.91%, while Invesco QQQ (QQQ) has a volatility of 4.47%. This indicates that FAGKX 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.