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.
Performance
FAGKX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FAGKX achieves a 34.87% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, FAGKX has underperformed QQQ with an annualized return of 9.50%, while QQQ has yielded a comparatively higher 18.03% annualized return.
FAGKX
34.87%
10.27%
20.34%
44.36%
9.02%
9.50%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| FAGKX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.74 | 1.78 |
| Sortino Ratio | 3.67 | 2.37 |
| Omega Ratio | 1.47 | 1.32 |
| Calmar Ratio | 1.49 | 2.28 |
| Martin Ratio | 16.25 | 8.27 |
| Ulcer Index | 2.77% | 3.73% |
| Daily Std Dev | 16.41% | 17.37% |
| Max Drawdown | -54.37% | -82.98% |
| Current Drawdown | 0.00% | -1.78% |
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FAGKX vs. QQQ - Expense Ratio Comparison
FAGKX has a 0.52% expense ratio, which is higher than QQQ's 0.20% expense ratio.
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.
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 0.12%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGKX Fidelity Growth Strategies Fund Class K | 0.12% | 0.16% | 0.00% | 0.00% | 0.00% | 0.54% | 0.90% | 0.50% | 0.68% | 0.29% | 0.92% | 0.38% |
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
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
Fidelity Growth Strategies Fund Class K (FAGKX) has a higher volatility of 6.74% compared to Invesco QQQ (QQQ) at 5.41%. This indicates that FAGKX'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.