FANAX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Energy Fund Class A (FANAX) and Invesco QQQ (QQQ).
FANAX is managed by Fidelity. It was launched on Sep 3, 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: FANAX or QQQ.
Correlation
The correlation between FANAX and QQQ is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FANAX vs. QQQ - Performance Comparison
Key characteristics
FANAX:
0.41
QQQ:
1.28
FANAX:
0.66
QQQ:
1.76
FANAX:
1.08
QQQ:
1.23
FANAX:
0.45
QQQ:
1.74
FANAX:
0.93
QQQ:
6.05
FANAX:
8.21%
QQQ:
3.91%
FANAX:
18.49%
QQQ:
18.45%
FANAX:
-76.13%
QQQ:
-82.98%
FANAX:
-9.46%
QQQ:
-3.07%
Returns By Period
In the year-to-date period, FANAX achieves a 4.58% return, which is significantly higher than QQQ's 1.88% return. Over the past 10 years, FANAX has underperformed QQQ with an annualized return of 4.79%, while QQQ has yielded a comparatively higher 18.80% annualized return.
FANAX
4.58%
5.98%
-5.22%
6.98%
15.99%
4.79%
QQQ
1.88%
1.01%
10.90%
23.19%
19.76%
18.80%
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FANAX vs. QQQ - Expense Ratio Comparison
FANAX has a 1.05% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FANAX vs. QQQ — Risk-Adjusted Performance Rank
FANAX
QQQ
FANAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Energy Fund Class A (FANAX) 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
FANAX vs. QQQ - Dividend Comparison
FANAX's dividend yield for the trailing twelve months is around 0.91%, more than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FANAX Fidelity Advisor Energy Fund Class A | 0.91% | 0.95% | 2.06% | 2.08% | 2.14% | 3.28% | 1.59% | 0.81% | 1.39% | 0.00% | 1.08% | 6.21% |
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
FANAX vs. QQQ - Drawdown Comparison
The maximum FANAX drawdown since its inception was -76.13%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FANAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FANAX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Energy Fund Class A (FANAX) is 4.29%, while Invesco QQQ (QQQ) has a volatility of 6.12%. This indicates that FANAX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.