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FATIX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FATIX and QQQ is 0.83, 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

FATIX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Technology Fund Class I (FATIX) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FATIX:

0.23

QQQ:

0.64

Sortino Ratio

FATIX:

0.63

QQQ:

1.12

Omega Ratio

FATIX:

1.09

QQQ:

1.16

Calmar Ratio

FATIX:

0.29

QQQ:

0.78

Martin Ratio

FATIX:

0.80

QQQ:

2.53

Ulcer Index

FATIX:

12.09%

QQQ:

6.98%

Daily Std Dev

FATIX:

33.44%

QQQ:

25.46%

Max Drawdown

FATIX:

-82.31%

QQQ:

-82.98%

Current Drawdown

FATIX:

-11.93%

QQQ:

-3.19%

Returns By Period

In the year-to-date period, FATIX achieves a -1.50% return, which is significantly lower than QQQ's 2.16% return. Over the past 10 years, FATIX has underperformed QQQ with an annualized return of 13.31%, while QQQ has yielded a comparatively higher 17.75% annualized return.


FATIX

YTD

-1.50%

1M

23.72%

6M

-4.75%

1Y

7.99%

5Y*

14.06%

10Y*

13.31%

QQQ

YTD

2.16%

1M

17.43%

6M

5.35%

1Y

16.14%

5Y*

18.94%

10Y*

17.75%

*Annualized

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FATIX vs. QQQ - Expense Ratio Comparison

FATIX has a 0.71% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Risk-Adjusted Performance

FATIX vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FATIX
The Risk-Adjusted Performance Rank of FATIX is 3636
Overall Rank
The Sharpe Ratio Rank of FATIX is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of FATIX is 3939
Sortino Ratio Rank
The Omega Ratio Rank of FATIX is 3838
Omega Ratio Rank
The Calmar Ratio Rank of FATIX is 4040
Calmar Ratio Rank
The Martin Ratio Rank of FATIX is 3232
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 6565
Overall Rank
The Sharpe Ratio Rank of QQQ is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 6565
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 6666
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 7171
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FATIX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class I (FATIX) 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.


The current FATIX Sharpe Ratio is 0.23, which is lower than the QQQ Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of FATIX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FATIX vs. QQQ - Dividend Comparison

FATIX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.57%.


TTM20242023202220212020201920182017201620152014
FATIX
Fidelity Advisor Technology Fund Class I
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%4.46%8.68%
QQQ
Invesco QQQ
0.57%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

FATIX vs. QQQ - Drawdown Comparison

The maximum FATIX drawdown since its inception was -82.31%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FATIX and QQQ. For additional features, visit the drawdowns tool.


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Volatility

FATIX vs. QQQ - Volatility Comparison

Fidelity Advisor Technology Fund Class I (FATIX) has a higher volatility of 8.34% compared to Invesco QQQ (QQQ) at 6.50%. This indicates that FATIX'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.


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