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:
1.43
TQQQ:
1.48
FATIX:
1.91
TQQQ:
1.94
FATIX:
1.26
TQQQ:
1.26
FATIX:
1.82
TQQQ:
1.68
FATIX:
7.03
TQQQ:
6.27
FATIX:
5.00%
TQQQ:
12.66%
FATIX:
24.50%
TQQQ:
53.55%
FATIX:
-82.31%
TQQQ:
-81.66%
FATIX:
-8.39%
TQQQ:
-11.38%
Returns By Period
In the year-to-date period, FATIX achieves a 2.46% return, which is significantly lower than TQQQ's 4.13% return. Over the past 10 years, FATIX has underperformed TQQQ with an annualized return of 15.22%, while TQQQ has yielded a comparatively higher 37.02% annualized return.
FATIX
2.46%
-8.39%
0.06%
36.00%
16.51%
15.22%
TQQQ
4.13%
-4.15%
1.61%
82.40%
31.11%
37.02%
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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 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 has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 1.22% | 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 9.37%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.99%. 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.