FDFIX vs. QQQ
Compare and contrast key facts about Fidelity Flex 500 Index Fund (FDFIX) and Invesco QQQ (QQQ).
FDFIX is managed by Fidelity. It was launched on Mar 9, 2017. 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: FDFIX or QQQ.
Performance
FDFIX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FDFIX achieves a 24.60% return, which is significantly higher than QQQ's 21.78% return.
FDFIX
24.60%
0.20%
11.45%
31.90%
15.34%
N/A
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| FDFIX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.63 | 1.70 |
| Sortino Ratio | 3.51 | 2.29 |
| Omega Ratio | 1.49 | 1.31 |
| Calmar Ratio | 3.82 | 2.19 |
| Martin Ratio | 17.26 | 7.96 |
| Ulcer Index | 1.87% | 3.72% |
| Daily Std Dev | 12.28% | 17.39% |
| Max Drawdown | -33.77% | -82.98% |
| Current Drawdown | -2.15% | -3.42% |
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FDFIX vs. QQQ - Expense Ratio Comparison
FDFIX has a 0.00% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FDFIX and QQQ is 0.90, 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
FDFIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex 500 Index Fund (FDFIX) 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
FDFIX vs. QQQ - Dividend Comparison
FDFIX's dividend yield for the trailing twelve months is around 1.25%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDFIX Fidelity Flex 500 Index Fund | 1.25% | 1.48% | 1.70% | 1.18% | 1.52% | 1.78% | 1.81% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FDFIX vs. QQQ - Drawdown Comparison
The maximum FDFIX drawdown since its inception was -33.77%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FDFIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FDFIX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Flex 500 Index Fund (FDFIX) is 4.04%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that FDFIX 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.