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.
Correlation
The correlation between FDETX and QQQ is 0.80, 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
Key characteristics
FDETX:
1.18
QQQ:
1.30
FDETX:
1.55
QQQ:
1.78
FDETX:
1.24
QQQ:
1.24
FDETX:
1.54
QQQ:
1.76
FDETX:
4.61
QQQ:
6.08
FDETX:
3.65%
QQQ:
3.92%
FDETX:
14.26%
QQQ:
18.35%
FDETX:
-56.06%
QQQ:
-82.98%
FDETX:
-8.01%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, FDETX achieves a 3.30% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, FDETX has underperformed QQQ with an annualized return of 6.82%, while QQQ has yielded a comparatively higher 18.10% annualized return.
FDETX
3.30%
-3.13%
0.91%
14.57%
11.47%
6.82%
QQQ
2.90%
-1.23%
9.93%
21.16%
19.73%
18.10%
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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 Rank
FDETX
QQQ
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 1.03%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDETX Fidelity Advisor Capital Development Fund Class O | 1.03% | 1.07% | 1.27% | 1.53% | 1.93% | 1.69% | 1.96% | 2.12% | 1.45% | 1.42% | 1.62% | 18.79% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FDETX vs. QQQ - Drawdown Comparison
The maximum FDETX drawdown since its inception was -56.06%, smaller than 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 4.15%, 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.