FAOFX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Series Growth Opportunities Fund (FAOFX) and Invesco QQQ (QQQ).
FAOFX is managed by Fidelity. It was launched on Nov 7, 2013. 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: FAOFX or QQQ.
Correlation
The correlation between FAOFX and QQQ is 0.93, 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
FAOFX vs. QQQ - Performance Comparison
Key characteristics
FAOFX:
1.15
QQQ:
1.40
FAOFX:
1.56
QQQ:
1.90
FAOFX:
1.22
QQQ:
1.25
FAOFX:
0.75
QQQ:
1.88
FAOFX:
5.18
QQQ:
6.51
FAOFX:
4.94%
QQQ:
3.92%
FAOFX:
22.32%
QQQ:
18.23%
FAOFX:
-59.22%
QQQ:
-82.98%
FAOFX:
-15.56%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, FAOFX achieves a 5.92% return, which is significantly higher than QQQ's 5.09% return. Over the past 10 years, FAOFX has underperformed QQQ with an annualized return of 4.46%, while QQQ has yielded a comparatively higher 18.32% annualized return.
FAOFX
5.92%
1.33%
10.58%
28.31%
4.74%
4.46%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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FAOFX vs. QQQ - Expense Ratio Comparison
FAOFX has a 0.00% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FAOFX vs. QQQ — Risk-Adjusted Performance Rank
FAOFX
QQQ
FAOFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Series Growth Opportunities Fund (FAOFX) 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
FAOFX vs. QQQ - Dividend Comparison
FAOFX's dividend yield for the trailing twelve months is around 0.44%, less than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOFX Fidelity Advisor Series Growth Opportunities Fund | 0.44% | 0.47% | 0.33% | 0.54% | 0.43% | 0.64% | 0.97% | 0.91% | 0.82% | 0.36% | 0.69% | 2.14% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FAOFX vs. QQQ - Drawdown Comparison
The maximum FAOFX drawdown since its inception was -59.22%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FAOFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FAOFX vs. QQQ - Volatility Comparison
Fidelity Advisor Series Growth Opportunities Fund (FAOFX) has a higher volatility of 7.03% compared to Invesco QQQ (QQQ) at 4.70%. This indicates that FAOFX'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.