FBOT vs. QQQ
Compare and contrast key facts about Fidelity Disruptive Automation ETF (FBOT) and Invesco QQQ (QQQ).
FBOT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBOT is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. 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: FBOT or QQQ.
Correlation
The correlation between FBOT and QQQ is 0.81, 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
FBOT vs. QQQ - Performance Comparison
Key characteristics
FBOT:
0.88
QQQ:
1.30
FBOT:
1.30
QQQ:
1.78
FBOT:
1.16
QQQ:
1.24
FBOT:
1.21
QQQ:
1.76
FBOT:
4.06
QQQ:
6.08
FBOT:
4.29%
QQQ:
3.92%
FBOT:
19.86%
QQQ:
18.35%
FBOT:
-21.56%
QQQ:
-82.98%
FBOT:
-2.07%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, FBOT achieves a 3.79% return, which is significantly higher than QQQ's 2.90% return.
FBOT
3.79%
-1.71%
10.73%
15.20%
N/A
N/A
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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FBOT vs. QQQ - Expense Ratio Comparison
FBOT has a 0.50% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FBOT vs. QQQ — Risk-Adjusted Performance Rank
FBOT
QQQ
FBOT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Automation ETF (FBOT) 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
FBOT vs. QQQ - Dividend Comparison
FBOT's dividend yield for the trailing twelve months is around 0.30%, less than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBOT Fidelity Disruptive Automation ETF | 0.30% | 0.31% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FBOT vs. QQQ - Drawdown Comparison
The maximum FBOT drawdown since its inception was -21.56%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FBOT and QQQ. For additional features, visit the drawdowns tool.
Volatility
FBOT vs. QQQ - Volatility Comparison
Fidelity Disruptive Automation ETF (FBOT) has a higher volatility of 6.05% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that FBOT'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.