FDCF vs. QQQM
Compare and contrast key facts about Fidelity Disruptive Communications ETF (FDCF) and Invesco NASDAQ 100 ETF (QQQM).
FDCF and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDCF is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDCF or QQQM.
Key characteristics
| FDCF | QQQM | |
|---|---|---|
| YTD Return | 31.86% | 25.91% |
| 1Y Return | 48.38% | 37.02% |
| Sharpe Ratio | 2.59 | 2.12 |
| Sortino Ratio | 3.37 | 2.80 |
| Omega Ratio | 1.46 | 1.38 |
| Calmar Ratio | 3.48 | 2.70 |
| Martin Ratio | 13.04 | 9.88 |
| Ulcer Index | 3.72% | 3.71% |
| Daily Std Dev | 18.75% | 17.28% |
| Max Drawdown | -14.27% | -35.05% |
| Current Drawdown | -1.40% | -0.23% |
Correlation
The correlation between FDCF and QQQM is 0.87, 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
FDCF vs. QQQM - Performance Comparison
In the year-to-date period, FDCF achieves a 31.86% return, which is significantly higher than QQQM's 25.91% 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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FDCF vs. QQQM - Expense Ratio Comparison
FDCF has a 0.50% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
FDCF vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Communications ETF (FDCF) and Invesco NASDAQ 100 ETF (QQQM). 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
FDCF vs. QQQM - Dividend Comparison
FDCF's dividend yield for the trailing twelve months is around 0.07%, less than QQQM's 0.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
FDCF Fidelity Disruptive Communications ETF | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.64% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
FDCF vs. QQQM - Drawdown Comparison
The maximum FDCF drawdown since its inception was -14.27%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for FDCF and QQQM. For additional features, visit the drawdowns tool.
Volatility
FDCF vs. QQQM - Volatility Comparison
The current volatility for Fidelity Disruptive Communications ETF (FDCF) is 4.49%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.13%. This indicates that FDCF experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.