FBLEX vs. QQQM
Compare and contrast key facts about Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) and Invesco NASDAQ 100 ETF (QQQM).
FBLEX is managed by Fidelity. It was launched on Dec 6, 2012. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBLEX or QQQM.
Correlation
The correlation between FBLEX and QQQM is 0.59, 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
FBLEX vs. QQQM - Performance Comparison
Key characteristics
FBLEX:
0.74
QQQM:
1.41
FBLEX:
0.98
QQQM:
1.91
FBLEX:
1.16
QQQM:
1.26
FBLEX:
0.71
QQQM:
1.89
FBLEX:
2.02
QQQM:
6.54
FBLEX:
4.89%
QQQM:
3.91%
FBLEX:
13.41%
QQQM:
18.17%
FBLEX:
-41.62%
QQQM:
-35.05%
FBLEX:
-8.30%
QQQM:
-0.41%
Returns By Period
The year-to-date returns for both stocks are quite close, with FBLEX having a 5.18% return and QQQM slightly lower at 5.10%.
FBLEX
5.18%
0.70%
1.18%
9.55%
4.54%
3.01%
QQQM
5.10%
2.35%
13.51%
27.08%
N/A
N/A
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FBLEX vs. QQQM - Expense Ratio Comparison
FBLEX has a 0.01% expense ratio, which is lower than QQQM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FBLEX vs. QQQM — Risk-Adjusted Performance Rank
FBLEX
QQQM
FBLEX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) and Invesco NASDAQ 100 ETF (QQQM). 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
FBLEX vs. QQQM - Dividend Comparison
FBLEX's dividend yield for the trailing twelve months is around 2.13%, more than QQQM's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 2.13% | 2.24% | 2.12% | 2.29% | 1.92% | 2.22% | 2.45% | 2.56% | 2.11% | 1.31% | 5.88% | 8.41% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBLEX vs. QQQM - Drawdown Comparison
The maximum FBLEX drawdown since its inception was -41.62%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for FBLEX and QQQM. For additional features, visit the drawdowns tool.
Volatility
FBLEX vs. QQQM - Volatility Comparison
The current volatility for Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) is 2.36%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 4.66%. This indicates that FBLEX experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.