FBSOX vs. QQQ
Compare and contrast key facts about Fidelity Select IT Services Portfolio (FBSOX) and Invesco QQQ (QQQ).
FBSOX is managed by Fidelity. It was launched on Feb 4, 1998. 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: FBSOX or QQQ.
Performance
FBSOX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FBSOX achieves a 7.50% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, FBSOX has underperformed QQQ with an annualized return of 6.21%, while QQQ has yielded a comparatively higher 17.95% annualized return.
FBSOX
7.50%
2.49%
14.10%
12.20%
-2.23%
6.21%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| FBSOX | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.79 | 1.70 |
| Sortino Ratio | 1.09 | 2.29 |
| Omega Ratio | 1.16 | 1.31 |
| Calmar Ratio | 0.27 | 2.19 |
| Martin Ratio | 1.30 | 7.96 |
| Ulcer Index | 9.63% | 3.72% |
| Daily Std Dev | 15.96% | 17.39% |
| Max Drawdown | -54.04% | -82.98% |
| Current Drawdown | -35.79% | -3.42% |
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FBSOX vs. QQQ - Expense Ratio Comparison
FBSOX has a 0.70% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between FBSOX and QQQ is 0.78, 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
FBSOX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select IT Services Portfolio (FBSOX) 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
FBSOX vs. QQQ - Dividend Comparison
FBSOX's dividend yield for the trailing twelve months is around 0.01%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBSOX Fidelity Select IT Services Portfolio | 0.01% | 0.01% | 0.02% | 0.00% | 0.01% | 0.04% | 0.06% | 0.04% | 0.32% | 2.98% | 0.44% | 2.84% |
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% | 1.02% |
Drawdowns
FBSOX vs. QQQ - Drawdown Comparison
The maximum FBSOX drawdown since its inception was -54.04%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FBSOX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FBSOX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Select IT Services Portfolio (FBSOX) is 4.78%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that FBSOX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.