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.
Correlation
The correlation between FAGKX and QQQ is 0.89, 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
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Key characteristics
FAGKX:
0.70
QQQ:
0.67
FAGKX:
1.16
QQQ:
1.12
FAGKX:
1.16
QQQ:
1.16
FAGKX:
0.78
QQQ:
0.77
FAGKX:
2.49
QQQ:
2.53
FAGKX:
8.20%
QQQ:
6.97%
FAGKX:
27.61%
QQQ:
25.50%
FAGKX:
-54.37%
QQQ:
-82.98%
FAGKX:
-5.59%
QQQ:
-4.29%
Returns By Period
In the year-to-date period, FAGKX achieves a 4.84% return, which is significantly higher than QQQ's 1.00% return. Over the past 10 years, FAGKX has underperformed QQQ with an annualized return of 11.06%, while QQQ has yielded a comparatively higher 17.72% annualized return.
FAGKX
4.84%
17.33%
-1.38%
19.15%
14.59%
11.06%
QQQ
1.00%
13.47%
0.83%
17.08%
19.20%
17.72%
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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.
Risk-Adjusted Performance
FAGKX vs. QQQ — Risk-Adjusted Performance Rank
FAGKX
QQQ
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.
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Dividends
FAGKX vs. QQQ - Dividend Comparison
FAGKX's dividend yield for the trailing twelve months is around 7.42%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGKX Fidelity Growth Strategies Fund Class K | 7.42% | 7.78% | 0.16% | 0.00% | 13.99% | 8.30% | 3.73% | 0.90% | 0.55% | 0.72% | 0.29% | 0.92% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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.
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Volatility
FAGKX vs. QQQ - Volatility Comparison
Fidelity Growth Strategies Fund Class K (FAGKX) has a higher volatility of 7.97% compared to Invesco QQQ (QQQ) at 7.54%. 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.
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