FBGRX vs. QQQ
Compare and contrast key facts about Fidelity Blue Chip Growth Fund (FBGRX) and Invesco QQQ (QQQ).
FBGRX is managed by Fidelity. It was launched on Dec 31, 1987. 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: FBGRX or QQQ.
Key characteristics
| FBGRX | QQQ | |
|---|---|---|
| YTD Return | 15.21% | 6.48% |
| 1Y Return | 51.69% | 38.66% |
| 3Y Return (Ann) | 8.37% | 10.38% |
| 5Y Return (Ann) | 19.01% | 18.72% |
| 10Y Return (Ann) | 17.59% | 18.51% |
| Sharpe Ratio | 2.81 | 2.33 |
| Daily Std Dev | 18.06% | 16.36% |
| Max Drawdown | -57.42% | -82.98% |
| Current Drawdown | -1.52% | -2.44% |
Correlation
The correlation between FBGRX and QQQ is 0.91, 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
FBGRX vs. QQQ - Performance Comparison
In the year-to-date period, FBGRX achieves a 15.21% return, which is significantly higher than QQQ's 6.48% return. Over the past 10 years, FBGRX has underperformed QQQ with an annualized return of 17.59%, while QQQ has yielded a comparatively higher 18.51% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FBGRX vs. QQQ - Expense Ratio Comparison
FBGRX has a 0.79% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FBGRX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth Fund (FBGRX) 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
FBGRX vs. QQQ - Dividend Comparison
FBGRX's dividend yield for the trailing twelve months is around 0.81%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBGRX Fidelity Blue Chip Growth Fund | 0.81% | 0.93% | 0.57% | 8.73% | 6.40% | 3.70% | 6.32% | 4.28% | 4.05% | 5.07% | 6.08% | 7.80% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
FBGRX vs. QQQ - Drawdown Comparison
The maximum FBGRX drawdown since its inception was -57.42%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FBGRX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FBGRX vs. QQQ - Volatility Comparison
Fidelity Blue Chip Growth Fund (FBGRX) has a higher volatility of 6.90% compared to Invesco QQQ (QQQ) at 5.81%. This indicates that FBGRX'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.