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FDCF vs. QQQM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FDCF and QQQM is 0.85, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Communications ETF (FDCF) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FDCF:

0.85

QQQM:

0.63

Sortino Ratio

FDCF:

1.31

QQQM:

1.06

Omega Ratio

FDCF:

1.18

QQQM:

1.15

Calmar Ratio

FDCF:

0.94

QQQM:

0.71

Martin Ratio

FDCF:

3.14

QQQM:

2.33

Ulcer Index

FDCF:

6.72%

QQQM:

6.96%

Daily Std Dev

FDCF:

24.39%

QQQM:

25.20%

Max Drawdown

FDCF:

-22.59%

QQQM:

-35.05%

Current Drawdown

FDCF:

-4.14%

QQQM:

-5.72%

Returns By Period

In the year-to-date period, FDCF achieves a 6.17% return, which is significantly higher than QQQM's -0.50% return.


FDCF

YTD

6.17%

1M

15.13%

6M

3.21%

1Y

20.54%

5Y*

N/A

10Y*

N/A

QQQM

YTD

-0.50%

1M

11.79%

6M

-0.85%

1Y

15.65%

5Y*

N/A

10Y*

N/A

*Annualized

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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 Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDCF
The Risk-Adjusted Performance Rank of FDCF is 7676
Overall Rank
The Sharpe Ratio Rank of FDCF is 7676
Sharpe Ratio Rank
The Sortino Ratio Rank of FDCF is 7676
Sortino Ratio Rank
The Omega Ratio Rank of FDCF is 7575
Omega Ratio Rank
The Calmar Ratio Rank of FDCF is 7979
Calmar Ratio Rank
The Martin Ratio Rank of FDCF is 7373
Martin Ratio Rank

QQQM
The Risk-Adjusted Performance Rank of QQQM is 6363
Overall Rank
The Sharpe Ratio Rank of QQQM is 6060
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQM is 6363
Sortino Ratio Rank
The Omega Ratio Rank of QQQM is 6363
Omega Ratio Rank
The Calmar Ratio Rank of QQQM is 6969
Calmar Ratio Rank
The Martin Ratio Rank of QQQM is 6161
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current FDCF Sharpe Ratio is 0.85, which is higher than the QQQM Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of FDCF and QQQM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FDCF vs. QQQM - Dividend Comparison

FDCF's dividend yield for the trailing twelve months is around 0.06%, less than QQQM's 0.60% yield.


TTM20242023202220212020
FDCF
Fidelity Disruptive Communications ETF
0.06%0.07%0.00%0.00%0.00%0.00%
QQQM
Invesco NASDAQ 100 ETF
0.60%0.61%0.65%0.83%0.40%0.16%

Drawdowns

FDCF vs. QQQM - Drawdown Comparison

The maximum FDCF drawdown since its inception was -22.59%, 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.


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Volatility

FDCF vs. QQQM - Volatility Comparison

The current volatility for Fidelity Disruptive Communications ETF (FDCF) is 6.47%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 7.52%. 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.


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