FALGX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Large Cap Fund Class M (FALGX) and Invesco QQQ (QQQ).
FALGX is managed by Fidelity. It was launched on Feb 20, 1996. 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: FALGX or QQQ.
Correlation
The correlation between FALGX and QQQ is 0.82, 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
FALGX vs. QQQ - Performance Comparison
Key characteristics
FALGX:
1.59
QQQ:
1.17
FALGX:
2.06
QQQ:
1.62
FALGX:
1.31
QQQ:
1.21
FALGX:
2.40
QQQ:
1.58
FALGX:
8.36
QQQ:
5.51
FALGX:
2.62%
QQQ:
3.90%
FALGX:
13.81%
QQQ:
18.45%
FALGX:
-63.76%
QQQ:
-82.98%
FALGX:
-5.80%
QQQ:
-4.30%
Returns By Period
In the year-to-date period, FALGX achieves a 3.66% return, which is significantly higher than QQQ's 0.58% return. Over the past 10 years, FALGX has underperformed QQQ with an annualized return of 7.23%, while QQQ has yielded a comparatively higher 18.66% annualized return.
FALGX
3.66%
2.41%
5.48%
20.96%
10.87%
7.23%
QQQ
0.58%
-1.60%
11.18%
22.05%
19.16%
18.66%
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FALGX vs. QQQ - Expense Ratio Comparison
FALGX has a 1.05% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FALGX vs. QQQ — Risk-Adjusted Performance Rank
FALGX
QQQ
FALGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Fund Class M (FALGX) 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
FALGX vs. QQQ - Dividend Comparison
FALGX's dividend yield for the trailing twelve months is around 0.25%, less than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FALGX Fidelity Advisor Large Cap Fund Class M | 0.25% | 0.26% | 0.48% | 0.81% | 1.37% | 1.53% | 1.67% | 1.41% | 0.89% | 0.85% | 0.59% | 4.59% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FALGX vs. QQQ - Drawdown Comparison
The maximum FALGX drawdown since its inception was -63.76%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FALGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FALGX vs. QQQ - Volatility Comparison
Fidelity Advisor Large Cap Fund Class M (FALGX) has a higher volatility of 7.21% compared to Invesco QQQ (QQQ) at 6.09%. This indicates that FALGX'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.