FDETX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Capital Development Fund Class O (FDETX) and Invesco QQQ ETF (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.
Performance
FDETX vs. QQQ - Performance Comparison
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FDETX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDETX Fidelity Advisor Capital Development Fund Class O | -1.95% | 27.60% | 27.07% | 24.20% | -8.00% | 25.32% | 9.12% | 31.39% | -9.09% | 16.45% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, FDETX achieves a -1.95% return, which is significantly higher than QQQ's -4.76% return. Over the past 10 years, FDETX has underperformed QQQ with an annualized return of 15.03%, while QQQ has yielded a comparatively higher 18.99% annualized return.
FDETX
- 1D
- 3.24%
- 1M
- -5.25%
- YTD
- -1.95%
- 6M
- 3.03%
- 1Y
- 27.50%
- 3Y*
- 22.78%
- 5Y*
- 14.97%
- 10Y*
- 15.03%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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FDETX vs. QQQ - Expense Ratio Comparison
FDETX has a 0.56% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
FDETX vs. QQQ — Risk / Return Rank
FDETX
QQQ
FDETX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Capital Development Fund Class O (FDETX) and Invesco QQQ ETF (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.
| FDETX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.07 | +0.44 |
Sortino ratioReturn per unit of downside risk | 2.14 | 1.66 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.00 | +0.29 |
Martin ratioReturn relative to average drawdown | 10.41 | 7.32 | +3.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDETX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.07 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.59 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.86 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.38 | +0.25 |
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.
Dividends
FDETX vs. QQQ - Dividend Comparison
FDETX's dividend yield for the trailing twelve months is around 10.55%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDETX Fidelity Advisor Capital Development Fund Class O | 10.55% | 10.34% | 8.95% | 4.39% | 5.66% | 5.63% | 4.47% | 7.46% | 15.81% | 5.34% | 2.92% | 5.97% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
FDETX vs. QQQ - Drawdown Comparison
The maximum FDETX drawdown since its inception was -66.86%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FDETX and QQQ.
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Drawdown Indicators
| FDETX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.86% | -82.97% | +16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -12.62% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -35.12% | +13.40% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -35.12% | -1.49% |
Current DrawdownCurrent decline from peak | -6.71% | -7.86% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -32.99% | +21.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.44% | -0.71% |
Volatility
FDETX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Capital Development Fund Class O (FDETX) is 5.73%, while Invesco QQQ ETF (QQQ) has a volatility of 6.61%. 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.
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Volatility by Period
| FDETX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 6.61% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 12.82% | -2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 22.70% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 22.38% | -4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 22.25% | -3.40% |