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
Key characteristics
FAGKX:
0.15
QQQ:
0.47
FAGKX:
0.39
QQQ:
0.82
FAGKX:
1.05
QQQ:
1.11
FAGKX:
0.13
QQQ:
0.52
FAGKX:
0.39
QQQ:
1.79
FAGKX:
10.75%
QQQ:
6.64%
FAGKX:
28.02%
QQQ:
25.28%
FAGKX:
-54.37%
QQQ:
-82.98%
FAGKX:
-19.79%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, FAGKX achieves a -4.51% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, FAGKX has underperformed QQQ with an annualized return of 6.74%, while QQQ has yielded a comparatively higher 16.72% annualized return.
FAGKX
-4.51%
1.32%
-7.85%
3.33%
6.42%
6.74%
QQQ
-7.43%
-1.88%
-4.30%
10.31%
17.80%
16.72%
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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.
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 0.63%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGKX Fidelity Growth Strategies Fund Class K | 0.00% | 0.00% | 0.16% | 0.00% | 0.00% | 0.00% | 0.54% | 0.90% | 0.50% | 0.68% | 0.29% | 0.92% |
QQQ Invesco QQQ | 0.63% | 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.
Volatility
FAGKX vs. QQQ - Volatility Comparison
Fidelity Growth Strategies Fund Class K (FAGKX) and Invesco QQQ (QQQ) have volatilities of 17.09% and 16.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.