FASPX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Value Strategies Fund Class M (FASPX) and Invesco QQQ (QQQ).
FASPX is managed by Fidelity. It was launched on Aug 20, 1986. 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: FASPX or QQQ.
Correlation
The correlation between FASPX and QQQ is 0.72, 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
FASPX vs. QQQ - Performance Comparison
Key characteristics
FASPX:
-0.15
QQQ:
1.40
FASPX:
-0.07
QQQ:
1.90
FASPX:
0.99
QQQ:
1.25
FASPX:
-0.14
QQQ:
1.88
FASPX:
-0.37
QQQ:
6.51
FASPX:
7.09%
QQQ:
3.92%
FASPX:
18.12%
QQQ:
18.23%
FASPX:
-69.15%
QQQ:
-82.98%
FASPX:
-17.03%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, FASPX achieves a 0.47% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, FASPX has underperformed QQQ with an annualized return of 1.78%, while QQQ has yielded a comparatively higher 18.32% annualized return.
FASPX
0.47%
-3.15%
-7.27%
-2.35%
7.02%
1.78%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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FASPX vs. QQQ - Expense Ratio Comparison
FASPX has a 1.37% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FASPX vs. QQQ — Risk-Adjusted Performance Rank
FASPX
QQQ
FASPX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Value Strategies Fund Class M (FASPX) 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
FASPX vs. QQQ - Dividend Comparison
FASPX'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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASPX Fidelity Advisor Value Strategies Fund Class M | 0.44% | 0.44% | 0.26% | 0.34% | 0.54% | 0.55% | 1.06% | 0.71% | 1.08% | 1.31% | 0.77% | 0.54% |
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
FASPX vs. QQQ - Drawdown Comparison
The maximum FASPX drawdown since its inception was -69.15%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FASPX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FASPX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Value Strategies Fund Class M (FASPX) is 3.34%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that FASPX 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.