FATIX vs. TQQQ

In the year-to-date period, FATIX achieves a 0.03% return, which is significantly lower than TQQQ's 5.79% return. Over the past 10 years, FATIX has underperformed TQQQ with an annualized return of 14.04%, while TQQQ has yielded a comparatively higher 34.07% annualized return.

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FATIX has a 0.71% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

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.

The current FATIX Sharpe Ratio is 0.75, which is comparable to the TQQQ Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of FATIX and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FATIX has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.20%.

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.

The current volatility for Fidelity Advisor Technology Fund Class I (FATIX) is 8.66%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.21%. 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.