FAGKX vs. QQQ
Compare and contrast key facts about Fidelity Growth Strategies Fund Class K (FAGKX) and Invesco QQQ ETF (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.
Performance
FAGKX vs. QQQ - Performance Comparison
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FAGKX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAGKX Fidelity Growth Strategies Fund Class K | -3.18% | 3.13% | 17.83% | 21.07% | -26.41% | 21.43% | 29.49% | 36.75% | -6.77% | 21.07% |
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, FAGKX achieves a -3.18% return, which is significantly higher than QQQ's -4.76% return. Over the past 10 years, FAGKX has underperformed QQQ with an annualized return of 10.08%, while QQQ has yielded a comparatively higher 18.99% annualized return.
FAGKX
- 1D
- 4.36%
- 1M
- -8.29%
- YTD
- -3.18%
- 6M
- -14.14%
- 1Y
- 7.22%
- 3Y*
- 9.58%
- 5Y*
- 4.48%
- 10Y*
- 10.08%
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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FAGKX vs. QQQ - Expense Ratio Comparison
FAGKX has a 0.52% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
FAGKX vs. QQQ — Risk / Return Rank
FAGKX
QQQ
FAGKX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund Class K (FAGKX) 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.
| FAGKX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 1.07 | -0.75 |
Sortino ratioReturn per unit of downside risk | 0.61 | 1.66 | -1.05 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.24 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.29 | 2.00 | -1.70 |
Martin ratioReturn relative to average drawdown | 0.84 | 7.32 | -6.49 |
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
| FAGKX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.07 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.59 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.86 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.38 | 0.00 |
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.
Dividends
FAGKX vs. QQQ - Dividend Comparison
FAGKX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.48%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGKX Fidelity Growth Strategies Fund Class K | 0.00% | 0.00% | 0.00% | 0.16% | 0.00% | 13.99% | 8.30% | 3.73% | 0.90% | 0.05% | 0.72% | 0.29% |
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
FAGKX vs. QQQ - Drawdown Comparison
The maximum FAGKX drawdown since its inception was -54.37%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FAGKX and QQQ.
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Drawdown Indicators
| FAGKX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.37% | -82.97% | +28.60% |
Max Drawdown (1Y)Largest decline over 1 year | -20.29% | -12.62% | -7.67% |
Max Drawdown (5Y)Largest decline over 5 years | -36.57% | -35.12% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -36.57% | -35.12% | -1.45% |
Current DrawdownCurrent decline from peak | -16.81% | -7.86% | -8.95% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -32.99% | +22.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.11% | 3.44% | +3.67% |
Volatility
FAGKX vs. QQQ - Volatility Comparison
Fidelity Growth Strategies Fund Class K (FAGKX) has a higher volatility of 8.97% compared to Invesco QQQ ETF (QQQ) at 6.61%. 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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Volatility by Period
| FAGKX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | 6.61% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 18.44% | 12.82% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.86% | 22.70% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.38% | 22.38% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.01% | 22.25% | -0.24% |