FELG vs. QQQ
Compare and contrast key facts about Fidelity Enhanced Large Cap Growth ETF (FELG) and Invesco QQQ (QQQ).
FELG and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FELG is an actively managed fund by Fidelity. It was launched on Nov 20, 2023. 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: FELG or QQQ.
Performance
FELG vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FELG achieves a 32.13% return, which is significantly higher than QQQ's 24.04% return.
FELG
32.13%
3.26%
13.72%
37.30%
N/A
N/A
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| FELG | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.20 | 1.76 |
| Sortino Ratio | 2.87 | 2.35 |
| Omega Ratio | 1.40 | 1.32 |
| Calmar Ratio | 2.81 | 2.25 |
| Martin Ratio | 11.04 | 8.18 |
| Ulcer Index | 3.38% | 3.74% |
| Daily Std Dev | 16.94% | 17.36% |
| Max Drawdown | -13.29% | -82.98% |
| Current Drawdown | -1.57% | -1.62% |
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FELG vs. QQQ - Expense Ratio Comparison
FELG has a 0.18% 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 FELG and QQQ is 0.97, 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
FELG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) 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
FELG vs. QQQ - Dividend Comparison
FELG's dividend yield for the trailing twelve months is around 0.40%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELG Fidelity Enhanced Large Cap Growth ETF | 0.40% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FELG vs. QQQ - Drawdown Comparison
The maximum FELG drawdown since its inception was -13.29%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FELG and QQQ. For additional features, visit the drawdowns tool.
Volatility
FELG vs. QQQ - Volatility Comparison
Fidelity Enhanced Large Cap Growth ETF (FELG) and Invesco QQQ (QQQ) have volatilities of 5.47% and 5.36%, 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.