FDETX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Capital Development Fund Class O (FDETX) and Invesco QQQ (QQQ).
FDETX is managed by Fidelity. It was launched on Dec 30, 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: FDETX or QQQ.
Key characteristics
| FDETX | QQQ | |
|---|---|---|
| YTD Return | 29.55% | 23.99% |
| 1Y Return | 42.50% | 36.58% |
| 3Y Return (Ann) | 13.46% | 8.99% |
| 5Y Return (Ann) | 15.95% | 21.09% |
| 10Y Return (Ann) | 12.56% | 18.40% |
| Sharpe Ratio | 3.48 | 2.17 |
| Sortino Ratio | 4.66 | 2.86 |
| Omega Ratio | 1.66 | 1.39 |
| Calmar Ratio | 5.17 | 2.79 |
| Martin Ratio | 26.18 | 10.19 |
| Ulcer Index | 1.62% | 3.72% |
| Daily Std Dev | 12.17% | 17.42% |
| Max Drawdown | -78.92% | -82.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FDETX and QQQ is 0.81, 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
FDETX vs. QQQ - Performance Comparison
In the year-to-date period, FDETX achieves a 29.55% return, which is significantly higher than QQQ's 23.99% return. Over the past 10 years, FDETX has underperformed QQQ with an annualized return of 12.56%, while QQQ has yielded a comparatively higher 18.40% 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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FDETX vs. QQQ - Expense Ratio Comparison
FDETX has a 0.56% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FDETX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Capital Development Fund Class O (FDETX) 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
FDETX vs. QQQ - Dividend Comparison
FDETX's dividend yield for the trailing twelve months is around 0.98%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDETX Fidelity Advisor Capital Development Fund Class O | 0.98% | 1.27% | 1.53% | 1.93% | 1.69% | 1.96% | 2.12% | 1.45% | 1.42% | 1.62% | 18.79% | 0.62% |
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
FDETX vs. QQQ - Drawdown Comparison
The maximum FDETX drawdown since its inception was -78.92%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FDETX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FDETX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Capital Development Fund Class O (FDETX) is 4.02%, while Invesco QQQ (QQQ) has a volatility of 5.02%. This indicates that FDETX 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.