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.
Performance
FBGRX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FBGRX achieves a 36.05% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, FBGRX has underperformed QQQ with an annualized return of 13.86%, while QQQ has yielded a comparatively higher 18.03% annualized return.
FBGRX
36.05%
2.56%
13.70%
43.22%
18.14%
13.86%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| FBGRX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.27 | 1.78 |
| Sortino Ratio | 2.96 | 2.37 |
| Omega Ratio | 1.41 | 1.32 |
| Calmar Ratio | 2.51 | 2.28 |
| Martin Ratio | 11.03 | 8.27 |
| Ulcer Index | 3.98% | 3.73% |
| Daily Std Dev | 19.32% | 17.37% |
| Max Drawdown | -57.42% | -82.98% |
| Current Drawdown | -1.18% | -1.78% |
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FBGRX vs. QQQ - Expense Ratio Comparison
FBGRX has a 0.79% expense ratio, which is higher than QQQ's 0.20% expense ratio.
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.
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 0.20%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBGRX Fidelity Blue Chip Growth Fund | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.09% | 0.22% | 5.07% | 6.08% | 7.80% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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) and Invesco QQQ (QQQ) have volatilities of 5.55% and 5.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.