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:
1.48
QQQ:
1.55
FALGX:
1.91
QQQ:
2.08
FALGX:
1.29
QQQ:
1.28
FALGX:
2.40
QQQ:
2.05
FALGX:
10.60
QQQ:
7.36
FALGX:
1.86%
QQQ:
3.77%
FALGX:
13.37%
QQQ:
17.93%
FALGX:
-63.84%
QQQ:
-82.98%
FALGX:
-8.23%
QQQ:
-2.74%
Returns By Period
In the year-to-date period, FALGX achieves a 20.13% return, which is significantly lower than QQQ's 28.36% return. Over the past 10 years, FALGX has underperformed QQQ with an annualized return of 6.34%, while QQQ has yielded a comparatively higher 18.45% annualized return.
FALGX
20.13%
-7.28%
3.08%
19.83%
10.08%
6.34%
QQQ
28.36%
3.58%
9.40%
27.81%
20.40%
18.45%
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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 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 has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.54%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FALGX Fidelity Advisor Large Cap Fund Class M | 0.00% | 0.48% | 0.81% | 1.37% | 1.53% | 1.67% | 1.41% | 0.89% | 0.85% | 0.59% | 4.59% | 7.28% |
QQQ Invesco QQQ | 0.54% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FALGX vs. QQQ - Drawdown Comparison
The maximum FALGX drawdown since its inception was -63.84%, 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 6.72% compared to Invesco QQQ (QQQ) at 5.69%. 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.