FFIZX vs. QQQ
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and Invesco QQQ (QQQ).
FFIZX is managed by Fidelity. It was launched on Oct 2, 2009. 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: FFIZX or QQQ.
Key characteristics
| FFIZX | QQQ | |
|---|---|---|
| YTD Return | 15.31% | 25.79% |
| 1Y Return | 26.15% | 36.91% |
| 3Y Return (Ann) | 3.87% | 9.89% |
| 5Y Return (Ann) | 9.67% | 21.42% |
| Sharpe Ratio | 2.57 | 2.11 |
| Sortino Ratio | 3.60 | 2.78 |
| Omega Ratio | 1.48 | 1.38 |
| Calmar Ratio | 2.30 | 2.69 |
| Martin Ratio | 16.90 | 9.81 |
| Ulcer Index | 1.55% | 3.72% |
| Daily Std Dev | 10.19% | 17.32% |
| Max Drawdown | -30.69% | -82.98% |
| Current Drawdown | -0.93% | -0.24% |
Correlation
The correlation between FFIZX and QQQ is 0.86, 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
FFIZX vs. QQQ - Performance Comparison
In the year-to-date period, FFIZX achieves a 15.31% return, which is significantly lower 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.
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FFIZX vs. QQQ - Expense Ratio Comparison
FFIZX has a 0.08% 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%.
Risk-Adjusted Performance
FFIZX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) 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
FFIZX vs. QQQ - Dividend Comparison
FFIZX's dividend yield for the trailing twelve months is around 1.81%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 1.81% | 2.00% | 2.01% | 1.62% | 1.43% | 1.87% | 2.25% | 1.77% | 1.99% | 2.04% | 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
FFIZX vs. QQQ - Drawdown Comparison
The maximum FFIZX drawdown since its inception was -30.69%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FFIZX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FFIZX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) is 2.82%, while Invesco QQQ (QQQ) has a volatility of 5.14%. This indicates that FFIZX 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.