FATIX vs. TQQQ
Compare and contrast key facts about Fidelity Advisor Technology Fund Class I (FATIX) and ProShares UltraPro QQQ (TQQQ).
FATIX is managed by Fidelity. It was launched on Sep 3, 1996. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FATIX or TQQQ.
Correlation
The correlation between FATIX and TQQQ is 0.94, 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. TQQQ - Performance Comparison
Key characteristics
FATIX:
-0.05
TQQQ:
-0.24
FATIX:
0.15
TQQQ:
0.13
FATIX:
1.02
TQQQ:
1.02
FATIX:
-0.06
TQQQ:
-0.31
FATIX:
-0.20
TQQQ:
-0.93
FATIX:
8.19%
TQQQ:
19.28%
FATIX:
32.18%
TQQQ:
73.79%
FATIX:
-82.31%
TQQQ:
-81.66%
FATIX:
-23.90%
TQQQ:
-51.29%
Returns By Period
In the year-to-date period, FATIX achieves a -20.39% return, which is significantly higher than TQQQ's -42.76% return. Over the past 10 years, FATIX has underperformed TQQQ with an annualized return of 18.33%, while TQQQ has yielded a comparatively higher 26.31% annualized return.
FATIX
-20.39%
-11.51%
-17.51%
0.82%
18.62%
18.33%
TQQQ
-42.76%
-27.23%
-39.12%
-13.24%
23.05%
26.31%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FATIX vs. TQQQ - Expense Ratio Comparison
FATIX has a 0.71% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
FATIX vs. TQQQ — Risk-Adjusted Performance Rank
FATIX
TQQQ
FATIX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class I (FATIX) and ProShares UltraPro QQQ (TQQQ). 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
FATIX vs. TQQQ - Dividend Comparison
FATIX's dividend yield for the trailing twelve months is around 9.03%, more than TQQQ's 2.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FATIX Fidelity Advisor Technology Fund Class I | 9.03% | 7.19% | 3.74% | 3.32% | 11.43% | 7.31% | 2.50% | 22.35% | 7.93% | 1.52% | 4.46% | 8.68% |
TQQQ ProShares UltraPro QQQ | 2.18% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
FATIX vs. TQQQ - Drawdown Comparison
The maximum FATIX drawdown since its inception was -82.31%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FATIX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
FATIX vs. TQQQ - Volatility Comparison
The current volatility for Fidelity Advisor Technology Fund Class I (FATIX) is 19.82%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 46.56%. This indicates that FATIX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.