FBDIX vs. QQQ
Compare and contrast key facts about Franklin Biotechnology Discovery Fund (FBDIX) and Invesco QQQ (QQQ).
FBDIX is managed by Franklin Templeton Investments. It was launched on Sep 14, 1997. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBDIX or QQQ.
Correlation
The correlation between FBDIX and QQQ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FBDIX vs. QQQ - Performance Comparison
Key characteristics
FBDIX:
-0.45
QQQ:
1.34
FBDIX:
-0.47
QQQ:
1.83
FBDIX:
0.94
QQQ:
1.24
FBDIX:
-0.21
QQQ:
1.78
FBDIX:
-1.24
QQQ:
6.25
FBDIX:
7.71%
QQQ:
3.86%
FBDIX:
21.08%
QQQ:
18.07%
FBDIX:
-71.51%
QQQ:
-82.98%
FBDIX:
-44.83%
QQQ:
-6.00%
Returns By Period
In the year-to-date period, FBDIX achieves a -2.90% return, which is significantly lower than QQQ's -1.20% return. Over the past 10 years, FBDIX has underperformed QQQ with an annualized return of -3.79%, while QQQ has yielded a comparatively higher 18.47% annualized return.
FBDIX
-2.90%
-13.35%
-22.94%
-9.82%
-5.17%
-3.79%
QQQ
-1.20%
-4.64%
2.07%
24.06%
18.68%
18.47%
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FBDIX vs. QQQ - Expense Ratio Comparison
FBDIX has a 1.06% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FBDIX vs. QQQ — Risk-Adjusted Performance Rank
FBDIX
QQQ
FBDIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Biotechnology Discovery Fund (FBDIX) and Invesco QQQ (QQQ). 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
FBDIX vs. QQQ - Dividend Comparison
FBDIX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.56%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBDIX Franklin Biotechnology Discovery Fund | 0.00% | 0.00% | 0.00% | 0.13% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.56% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FBDIX vs. QQQ - Drawdown Comparison
The maximum FBDIX drawdown since its inception was -71.51%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FBDIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FBDIX vs. QQQ - Volatility Comparison
Franklin Biotechnology Discovery Fund (FBDIX) has a higher volatility of 10.95% compared to Invesco QQQ (QQQ) at 5.94%. This indicates that FBDIX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.