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 0.93, 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:
2.17
QQQ:
1.71
FCNKX:
2.87
QQQ:
2.27
FCNKX:
1.40
QQQ:
1.31
FCNKX:
1.57
QQQ:
2.26
FCNKX:
12.71
QQQ:
8.12
FCNKX:
2.76%
QQQ:
3.77%
FCNKX:
16.17%
QQQ:
17.88%
FCNKX:
-46.44%
QQQ:
-82.98%
FCNKX:
-4.57%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, FCNKX achieves a 34.60% return, which is significantly higher than QQQ's 30.18% return. Over the past 10 years, FCNKX has underperformed QQQ with an annualized return of 8.54%, while QQQ has yielded a comparatively higher 18.54% annualized return.
FCNKX
34.60%
-0.78%
6.78%
35.02%
10.05%
8.54%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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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 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 0.07%, less than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | 0.07% | 0.54% | 2.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.40% | 0.41% | 7.77% | 8.11% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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
Fidelity Contrafund Fund (FCNKX) and Invesco QQQ (QQQ) have volatilities of 5.66% and 5.48%, 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.