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

Key characteristics


FELGQQQ
YTD Return34.23%25.79%
Daily Std Dev16.93%17.32%
Max Drawdown-13.29%-82.98%
Current Drawdown0.00%-0.24%

Correlation

-0.50.00.51.01.0

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.

Performance

FELG vs. QQQ - Performance Comparison

In the year-to-date period, FELG achieves a 34.23% return, which is significantly higher than QQQ's 25.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
17.93%
15.37%
FELG
QQQ

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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%.


QQQ
Invesco QQQ
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%
Expense ratio chart for FELG: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%

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.


FELG
Sharpe ratio
No data
QQQ
Sharpe ratio
The chart of Sharpe ratio for QQQ, currently valued at 2.11, compared to the broader market-2.000.002.004.006.002.11
Sortino ratio
The chart of Sortino ratio for QQQ, currently valued at 2.78, compared to the broader market0.005.0010.002.78
Omega ratio
The chart of Omega ratio for QQQ, currently valued at 1.38, compared to the broader market1.001.502.002.503.001.38
Calmar ratio
The chart of Calmar ratio for QQQ, currently valued at 2.69, compared to the broader market0.005.0010.0015.002.69
Martin ratio
The chart of Martin ratio for QQQ, currently valued at 9.81, compared to the broader market0.0020.0040.0060.0080.00100.00120.009.81

FELG vs. QQQ - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

FELG vs. QQQ - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.39%, less than QQQ's 0.59% yield.


TTM20232022202120202019201820172016201520142013
FELG
Fidelity Enhanced Large Cap Growth ETF
0.39%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
0.59%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.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.24%
FELG
QQQ

Volatility

FELG vs. QQQ - Volatility Comparison

Fidelity Enhanced Large Cap Growth ETF (FELG) and Invesco QQQ (QQQ) have volatilities of 5.17% and 5.14%, 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
5.17%
5.14%
FELG
QQQ