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FDTX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FDTX and QQQ is 0.85, 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

FDTX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Technology ETF (FDTX) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FDTX:

0.39

QQQ:

0.62

Sortino Ratio

FDTX:

0.72

QQQ:

1.05

Omega Ratio

FDTX:

1.10

QQQ:

1.15

Calmar Ratio

FDTX:

0.42

QQQ:

0.71

Martin Ratio

FDTX:

1.28

QQQ:

2.31

Ulcer Index

FDTX:

8.92%

QQQ:

6.97%

Daily Std Dev

FDTX:

29.65%

QQQ:

25.51%

Max Drawdown

FDTX:

-27.23%

QQQ:

-82.98%

Current Drawdown

FDTX:

-8.27%

QQQ:

-5.73%

Returns By Period

In the year-to-date period, FDTX achieves a -0.65% return, which is significantly lower than QQQ's -0.51% return.


FDTX

YTD

-0.65%

1M

16.10%

6M

-0.31%

1Y

11.53%

5Y*

N/A

10Y*

N/A

QQQ

YTD

-0.51%

1M

11.76%

6M

-0.86%

1Y

15.58%

5Y*

19.11%

10Y*

17.55%

*Annualized

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FDTX vs. QQQ - Expense Ratio Comparison

FDTX has a 0.50% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Risk-Adjusted Performance

FDTX vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDTX
The Risk-Adjusted Performance Rank of FDTX is 4848
Overall Rank
The Sharpe Ratio Rank of FDTX is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of FDTX is 4848
Sortino Ratio Rank
The Omega Ratio Rank of FDTX is 4848
Omega Ratio Rank
The Calmar Ratio Rank of FDTX is 5454
Calmar Ratio Rank
The Martin Ratio Rank of FDTX is 4545
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 7171
Overall Rank
The Sharpe Ratio Rank of QQQ is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 7171
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 7272
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 7777
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FDTX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) 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.


The current FDTX Sharpe Ratio is 0.39, which is lower than the QQQ Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of FDTX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FDTX vs. QQQ - Dividend Comparison

FDTX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.


TTM20242023202220212020201920182017201620152014
FDTX
Fidelity Disruptive Technology ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.59%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

FDTX vs. QQQ - Drawdown Comparison

The maximum FDTX drawdown since its inception was -27.23%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FDTX and QQQ. For additional features, visit the drawdowns tool.


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Volatility

FDTX vs. QQQ - Volatility Comparison

Fidelity Disruptive Technology ETF (FDTX) has a higher volatility of 8.10% compared to Invesco QQQ (QQQ) at 7.59%. This indicates that FDTX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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