FATIX vs. TQQQ

Last updated Aug 2, 2026

FATIX (Fidelity Advisor Technology Fund Class I) and TQQQ (ProShares UltraPro QQQ) are both funds - FATIX is a Technology Equities fund managed by Fidelity, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Their correlation of 0.92 means they have usually moved in the same direction. FATIX charges 0.71%/yr vs 0.95%/yr for TQQQ.

Performance

FATIX vs. TQQQ - Performance Comparison

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

Returns By Period

FATIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TQQQ

• 1D: 2.09%
• 1M: -11.90%
• 6M: 20.14%
• YTD: 23.06%
• 1Y: 56.87%
• 3Y*: 43.81%
• 5Y*: 15.36%
• 10Y*: 39.46%
• ALL TIME*: 42.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TQQQ ProShares UltraPro QQQ	$4.37B	$4.57B	$5.33B

FATIX vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FATIX Fidelity Advisor Technology Fund Class I	0.00%	24.65%	35.36%	59.71%	-36.01%	27.59%	64.34%	50.99%	-8.24%	49.83%
TQQQ ProShares UltraPro QQQ	23.06%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%

Correlation

The correlation between FATIX and TQQQ is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010	0.92

Over the past year, the correlation between FATIX and TQQQ has dropped to 0.41 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.

FATIX vs. TQQQ - Sectors Allocation Comparison

Sectors	FATIX	TQQQ
Technology	97.9%	53.8%
Consumer Cyclical	1.2%	12.3%
Communication Services	0.8%	15.8%
Basic Materials	0.0%	1.1%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

FATIX vs. TQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FATIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TQQQ

TQQQ Risk / Return Rank: 36
TQQQ Sharpe Ratio Rank: 34
TQQQ Sortino Ratio Rank: 37
TQQQ Omega Ratio Rank: 36
TQQQ Calmar Ratio Rank: 37
TQQQ Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FATIX vs. TQQQ - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FATIX	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	0.83	—
Sortino ratio: Return per unit of downside risk	—	1.38	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.29	—
Martin ratio: Return relative to average drawdown	—	3.60	—

Drawdowns

Drawdown Indicators

	FATIX	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-81.66%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-36.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	—	-25.74%	—
Average Drawdown Average peak-to-trough decline	—	-18.49%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.24%	—

Volatility

Volatility by Period

	FATIX	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	57.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	68.04%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	66.57%	—

FATIX vs. TQQQ - Expense Ratio Comparison

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

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 0.58%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FATIX Fidelity Advisor Technology Fund Class I	9.75%	9.75%	7.19%	3.74%	3.32%	11.43%	7.31%	2.50%	22.35%	7.93%	1.52%	4.46%
TQQQ ProShares UltraPro QQQ	0.58%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both FATIX and TQQQ in my portfolio?

FATIX and TQQQ have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.