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.
Key characteristics
| FATIX | TQQQ | |
|---|---|---|
| YTD Return | 35.30% | 64.56% |
| 1Y Return | 44.79% | 114.05% |
| 3Y Return (Ann) | 5.21% | 0.14% |
| 5Y Return (Ann) | 18.87% | 35.99% |
| 10Y Return (Ann) | 15.51% | 36.25% |
| Sharpe Ratio | 1.94 | 2.20 |
| Sortino Ratio | 2.51 | 2.54 |
| Omega Ratio | 1.34 | 1.34 |
| Calmar Ratio | 2.11 | 2.04 |
| Martin Ratio | 9.18 | 9.23 |
| Ulcer Index | 4.92% | 12.40% |
| Daily Std Dev | 23.36% | 52.07% |
| Max Drawdown | -82.31% | -81.66% |
| Current Drawdown | 0.00% | -3.70% |
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
In the year-to-date period, FATIX achieves a 35.30% return, which is significantly lower than TQQQ's 64.56% return. Over the past 10 years, FATIX has underperformed TQQQ with an annualized return of 15.51%, while TQQQ has yielded a comparatively higher 36.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 1.15%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FATIX Fidelity Advisor Technology Fund Class I | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 4.46% | 8.68% | 1.26% |
TQQQ ProShares UltraPro QQQ | 1.15% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
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 6.26%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.49%. 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.