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.
Key characteristics
| FCNKX | QQQ | |
|---|---|---|
| YTD Return | 37.33% | 25.63% |
| 1Y Return | 39.99% | 33.85% |
| 3Y Return (Ann) | 3.00% | 9.83% |
| 5Y Return (Ann) | 10.86% | 21.21% |
| 10Y Return (Ann) | 9.07% | 18.37% |
| Sharpe Ratio | 2.70 | 2.12 |
| Sortino Ratio | 3.62 | 2.79 |
| Omega Ratio | 1.50 | 1.38 |
| Calmar Ratio | 1.76 | 2.71 |
| Martin Ratio | 16.75 | 9.88 |
| Ulcer Index | 2.51% | 3.72% |
| Daily Std Dev | 15.51% | 17.31% |
| Max Drawdown | -46.44% | -82.98% |
| Current Drawdown | -0.31% | -0.37% |
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
In the year-to-date period, FCNKX achieves a 37.33% return, which is significantly higher than QQQ's 25.63% return. Over the past 10 years, FCNKX has underperformed QQQ with an annualized return of 9.07%, while QQQ has yielded a comparatively higher 18.37% 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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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 0.46%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | 0.46% | 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 | 0.59% | 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
The current volatility for Fidelity Contrafund Fund (FCNKX) is 4.41%, while Invesco QQQ (QQQ) has a volatility of 4.91%. 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.