FDVLX vs. QQQ
Compare and contrast key facts about Fidelity Value Fund (FDVLX) and Invesco QQQ (QQQ).
FDVLX is managed by Fidelity. It was launched on Dec 1, 1978. 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: FDVLX or QQQ.
Key characteristics
| FDVLX | QQQ | |
|---|---|---|
| YTD Return | 11.28% | 23.99% |
| 1Y Return | 27.74% | 36.58% |
| 3Y Return (Ann) | 6.52% | 8.99% |
| 5Y Return (Ann) | 13.20% | 21.09% |
| 10Y Return (Ann) | 9.85% | 18.40% |
| Sharpe Ratio | 1.58 | 2.17 |
| Sortino Ratio | 2.28 | 2.86 |
| Omega Ratio | 1.27 | 1.39 |
| Calmar Ratio | 0.97 | 2.79 |
| Martin Ratio | 8.48 | 10.19 |
| Ulcer Index | 3.00% | 3.72% |
| Daily Std Dev | 16.13% | 17.42% |
| Max Drawdown | -93.13% | -82.98% |
| Current Drawdown | -4.00% | 0.00% |
Correlation
The correlation between FDVLX and QQQ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDVLX vs. QQQ - Performance Comparison
In the year-to-date period, FDVLX achieves a 11.28% return, which is significantly lower than QQQ's 23.99% return. Over the past 10 years, FDVLX has underperformed QQQ with an annualized return of 9.85%, while QQQ has yielded a comparatively higher 18.40% annualized return. 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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FDVLX vs. QQQ - Expense Ratio Comparison
FDVLX has a 0.79% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FDVLX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund (FDVLX) 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
FDVLX vs. QQQ - Dividend Comparison
FDVLX's dividend yield for the trailing twelve months is around 3.34%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVLX Fidelity Value Fund | 3.34% | 3.71% | 7.08% | 9.79% | 0.98% | 3.34% | 16.25% | 4.74% | 1.26% | 12.17% | 2.94% | 1.83% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FDVLX vs. QQQ - Drawdown Comparison
The maximum FDVLX drawdown since its inception was -93.13%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FDVLX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FDVLX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Value Fund (FDVLX) is 3.41%, while Invesco QQQ (QQQ) has a volatility of 5.02%. This indicates that FDVLX 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.