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.
Performance
FCNKX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FCNKX achieves a 35.65% return, which is significantly higher than QQQ's 24.04% return. Over the past 10 years, FCNKX has underperformed QQQ with an annualized return of 8.82%, while QQQ has yielded a comparatively higher 18.03% annualized return.
FCNKX
35.65%
2.19%
11.97%
36.57%
10.56%
8.82%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| FCNKX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.34 | 1.76 |
| Sortino Ratio | 3.17 | 2.35 |
| Omega Ratio | 1.44 | 1.32 |
| Calmar Ratio | 1.54 | 2.25 |
| Martin Ratio | 14.49 | 8.18 |
| Ulcer Index | 2.52% | 3.74% |
| Daily Std Dev | 15.61% | 17.36% |
| Max Drawdown | -46.44% | -82.98% |
| Current Drawdown | -1.53% | -1.62% |
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.
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.
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 0.47%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | 0.47% | 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 | 0.60% | 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 4.79%, while Invesco QQQ (QQQ) has a volatility of 5.36%. 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.