FCGSX vs. QQQ
Compare and contrast key facts about Fidelity Series Growth Company Fund (FCGSX) and Invesco QQQ (QQQ).
FCGSX is managed by Fidelity. It was launched on Nov 7, 2013. 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: FCGSX or QQQ.
Key characteristics
| FCGSX | QQQ | |
|---|---|---|
| YTD Return | 37.34% | 26.02% |
| 1Y Return | 50.44% | 36.73% |
| 3Y Return (Ann) | 9.32% | 9.97% |
| 5Y Return (Ann) | 25.62% | 21.44% |
| 10Y Return (Ann) | 20.13% | 18.42% |
| Sharpe Ratio | 2.80 | 2.28 |
| Sortino Ratio | 3.55 | 2.98 |
| Omega Ratio | 1.49 | 1.41 |
| Calmar Ratio | 3.61 | 2.94 |
| Martin Ratio | 14.31 | 10.71 |
| Ulcer Index | 3.72% | 3.72% |
| Daily Std Dev | 18.99% | 17.35% |
| Max Drawdown | -38.77% | -82.98% |
| Current Drawdown | -0.19% | -0.06% |
Correlation
The correlation between FCGSX and QQQ is 0.94, 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
FCGSX vs. QQQ - Performance Comparison
In the year-to-date period, FCGSX achieves a 37.34% return, which is significantly higher than QQQ's 26.02% return. Over the past 10 years, FCGSX has outperformed QQQ with an annualized return of 20.13%, while QQQ has yielded a comparatively lower 18.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCGSX vs. QQQ - Expense Ratio Comparison
FCGSX has a 0.00% expense ratio, which is lower than QQQ's 0.20% 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
FCGSX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Growth Company Fund (FCGSX) 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
FCGSX vs. QQQ - Dividend Comparison
FCGSX's dividend yield for the trailing twelve months is around 0.38%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCGSX Fidelity Series Growth Company Fund | 0.38% | 0.52% | 0.61% | 0.58% | 0.68% | 0.72% | 1.06% | 0.51% | 0.11% | 0.25% | 0.93% | 0.07% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FCGSX vs. QQQ - Drawdown Comparison
The maximum FCGSX drawdown since its inception was -38.77%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FCGSX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FCGSX vs. QQQ - Volatility Comparison
Fidelity Series Growth Company Fund (FCGSX) and Invesco QQQ (QQQ) have volatilities of 5.23% and 5.18%, 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.