FDTX vs. QQQ
Compare and contrast key facts about Fidelity Disruptive Technology ETF (FDTX) and Invesco QQQ (QQQ).
FDTX and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDTX is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. 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: FDTX or QQQ.
Key characteristics
| FDTX | QQQ | |
|---|---|---|
| YTD Return | 25.36% | 25.63% |
| 1Y Return | 38.31% | 33.85% |
| Sharpe Ratio | 1.86 | 2.12 |
| Sortino Ratio | 2.44 | 2.79 |
| Omega Ratio | 1.33 | 1.38 |
| Calmar Ratio | 2.48 | 2.71 |
| Martin Ratio | 8.19 | 9.88 |
| Ulcer Index | 5.12% | 3.72% |
| Daily Std Dev | 22.57% | 17.31% |
| Max Drawdown | -18.61% | -82.98% |
| Current Drawdown | 0.00% | -0.37% |
Correlation
The correlation between FDTX and QQQ is 0.91, 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 year-to-date returns for both investments are quite close, with FDTX having a 25.36% return and QQQ slightly higher at 25.63%. 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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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 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.
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%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FDTX vs. QQQ - Drawdown Comparison
The maximum FDTX drawdown since its inception was -18.61%, 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.
Volatility
FDTX vs. QQQ - Volatility Comparison
Fidelity Disruptive Technology ETF (FDTX) and Invesco QQQ (QQQ) have volatilities of 5.14% and 4.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.