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.
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
Key characteristics
FDVLX:
-0.30
QQQ:
1.54
FDVLX:
-0.24
QQQ:
2.06
FDVLX:
0.96
QQQ:
1.28
FDVLX:
-0.30
QQQ:
2.03
FDVLX:
-1.58
QQQ:
7.34
FDVLX:
4.11%
QQQ:
3.75%
FDVLX:
21.47%
QQQ:
17.90%
FDVLX:
-66.38%
QQQ:
-82.98%
FDVLX:
-21.94%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, FDVLX achieves a -6.82% return, which is significantly lower than QQQ's 26.66% return. Over the past 10 years, FDVLX has underperformed QQQ with an annualized return of 3.86%, while QQQ has yielded a comparatively higher 18.30% annualized return.
FDVLX
-6.82%
-18.46%
-9.78%
-4.84%
4.78%
3.86%
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVLX Fidelity Value Fund | 0.00% | 1.04% | 0.70% | 1.37% | 0.98% | 1.15% | 1.39% | 1.36% | 1.23% | 12.17% | 2.94% | 1.83% |
QQQ Invesco QQQ | 0.43% | 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 -66.38%, smaller than the maximum QQQ 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
Fidelity Value Fund (FDVLX) has a higher volatility of 16.27% compared to Invesco QQQ (QQQ) at 5.21%. This indicates that FDVLX'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.