FCNKX vs. QQQ
Compare and contrast key facts about Fidelity Contrafund Fund (FCNKX) and Invesco QQQ (QQQ).
FCNKX is managed by Fidelity. 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: FCNKX or QQQ.
Correlation
The correlation between FCNKX and QQQ is 0.90, 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
FCNKX vs. QQQ - Performance Comparison
Key characteristics
FCNKX:
0.70
QQQ:
0.63
FCNKX:
1.09
QQQ:
1.03
FCNKX:
1.15
QQQ:
1.14
FCNKX:
0.78
QQQ:
0.70
FCNKX:
2.59
QQQ:
2.32
FCNKX:
6.00%
QQQ:
6.82%
FCNKX:
22.16%
QQQ:
25.22%
FCNKX:
-46.44%
QQQ:
-82.98%
FCNKX:
-7.90%
QQQ:
-9.26%
Returns By Period
In the year-to-date period, FCNKX achieves a -0.76% return, which is significantly higher than QQQ's -4.24% return. Over the past 10 years, FCNKX has underperformed QQQ with an annualized return of 8.02%, while QQQ has yielded a comparatively higher 17.31% annualized return.
FCNKX
-0.76%
2.80%
-1.30%
13.99%
10.33%
8.02%
QQQ
-4.24%
2.66%
0.60%
15.21%
18.90%
17.31%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FCNKX vs. QQQ - Expense Ratio Comparison
FCNKX has a 0.74% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FCNKX vs. QQQ — Risk-Adjusted Performance Rank
FCNKX
QQQ
FCNKX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund Fund (FCNKX) 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
FCNKX vs. QQQ - Dividend Comparison
FCNKX's dividend yield for the trailing twelve months is around 0.12%, less than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | 0.12% | 0.19% | 0.54% | 2.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.40% | 0.41% | 7.77% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FCNKX vs. QQQ - Drawdown Comparison
The maximum FCNKX drawdown since its inception was -46.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FCNKX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FCNKX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Contrafund Fund (FCNKX) is 14.55%, while Invesco QQQ (QQQ) has a volatility of 16.72%. This indicates that FCNKX 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.