FDCPX vs. QQQ
Compare and contrast key facts about Fidelity Select Tech Hardware Portfolio (FDCPX) and Invesco QQQ (QQQ).
FDCPX is managed by Fidelity. It was launched on Jul 28, 1985. 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: FDCPX or QQQ.
Performance
FDCPX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FDCPX achieves a 16.31% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, FDCPX has underperformed QQQ with an annualized return of 3.82%, while QQQ has yielded a comparatively higher 17.95% annualized return.
FDCPX
16.31%
-3.87%
4.13%
23.54%
6.98%
3.82%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| FDCPX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.26 | 1.70 |
| Sortino Ratio | 1.79 | 2.29 |
| Omega Ratio | 1.23 | 1.31 |
| Calmar Ratio | 0.88 | 2.19 |
| Martin Ratio | 6.49 | 7.96 |
| Ulcer Index | 3.45% | 3.72% |
| Daily Std Dev | 17.69% | 17.39% |
| Max Drawdown | -80.41% | -82.98% |
| Current Drawdown | -7.51% | -3.42% |
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FDCPX vs. QQQ - Expense Ratio Comparison
FDCPX has a 0.72% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between FDCPX and QQQ is 0.88, 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
FDCPX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Tech Hardware Portfolio (FDCPX) 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
FDCPX vs. QQQ - Dividend Comparison
FDCPX's dividend yield for the trailing twelve months is around 0.45%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDCPX Fidelity Select Tech Hardware Portfolio | 0.45% | 0.51% | 0.72% | 0.70% | 1.47% | 0.92% | 1.33% | 0.88% | 1.18% | 1.17% | 0.57% | 7.34% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FDCPX vs. QQQ - Drawdown Comparison
The maximum FDCPX drawdown since its inception was -80.41%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FDCPX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FDCPX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Select Tech Hardware Portfolio (FDCPX) is 4.29%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that FDCPX 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.