FFFCX vs. QQQ
Compare and contrast key facts about Fidelity Freedom 2010 Fund (FFFCX) and Invesco QQQ (QQQ).
FFFCX is managed by Fidelity. It was launched on Oct 17, 1996. 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: FFFCX or QQQ.
Correlation
The correlation between FFFCX and QQQ is 0.88, 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
FFFCX vs. QQQ - Performance Comparison
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Key characteristics
FFFCX:
0.98
QQQ:
0.64
FFFCX:
1.36
QQQ:
1.04
FFFCX:
1.18
QQQ:
1.15
FFFCX:
0.51
QQQ:
0.70
FFFCX:
4.24
QQQ:
2.29
FFFCX:
1.32%
QQQ:
6.99%
FFFCX:
5.96%
QQQ:
25.51%
FFFCX:
-33.54%
QQQ:
-82.98%
FFFCX:
-4.73%
QQQ:
-3.10%
Returns By Period
In the year-to-date period, FFFCX achieves a 3.02% return, which is significantly higher than QQQ's 2.26% return. Over the past 10 years, FFFCX has underperformed QQQ with an annualized return of 1.23%, while QQQ has yielded a comparatively higher 17.72% annualized return.
FFFCX
3.02%
2.44%
2.56%
5.80%
4.74%
1.89%
1.23%
QQQ
2.26%
17.54%
4.72%
16.26%
22.66%
18.41%
17.72%
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FFFCX vs. QQQ - Expense Ratio Comparison
FFFCX has a 0.49% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FFFCX vs. QQQ — Risk-Adjusted Performance Rank
FFFCX
QQQ
FFFCX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2010 Fund (FFFCX) 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.
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Dividends
FFFCX vs. QQQ - Dividend Comparison
FFFCX's dividend yield for the trailing twelve months is around 2.99%, more than QQQ's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFCX Fidelity Freedom 2010 Fund | 2.99% | 2.99% | 2.72% | 3.34% | 2.50% | 1.20% | 1.97% | 2.06% | 1.46% | 1.75% | 4.05% | 6.17% |
QQQ Invesco QQQ | 0.57% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FFFCX vs. QQQ - Drawdown Comparison
The maximum FFFCX drawdown since its inception was -33.54%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FFFCX and QQQ. For additional features, visit the drawdowns tool.
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Volatility
FFFCX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Freedom 2010 Fund (FFFCX) is 1.65%, while Invesco QQQ (QQQ) has a volatility of 6.48%. This indicates that FFFCX 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.
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