FGCKX vs. QQQ
Compare and contrast key facts about Fidelity Growth Company K (FGCKX) and Invesco QQQ (QQQ).
FGCKX is an actively managed fund by Fidelity Investments. It was launched on May 15, 2008. 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: FGCKX or QQQ.
Correlation
The correlation between FGCKX and QQQ is 0.89, 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
FGCKX vs. QQQ - Performance Comparison
Key characteristics
FGCKX:
0.48
QQQ:
0.63
FGCKX:
0.83
QQQ:
1.03
FGCKX:
1.12
QQQ:
1.14
FGCKX:
0.49
QQQ:
0.70
FGCKX:
1.62
QQQ:
2.32
FGCKX:
8.00%
QQQ:
6.82%
FGCKX:
26.78%
QQQ:
25.22%
FGCKX:
-51.01%
QQQ:
-82.98%
FGCKX:
-13.40%
QQQ:
-9.26%
Returns By Period
In the year-to-date period, FGCKX achieves a -9.26% return, which is significantly lower than QQQ's -4.24% return. Both investments have delivered pretty close results over the past 10 years, with FGCKX having a 17.43% annualized return and QQQ not far behind at 17.31%.
FGCKX
-9.26%
1.99%
-4.15%
11.49%
19.89%
17.43%
QQQ
-4.24%
2.66%
0.60%
15.21%
18.90%
17.31%
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FGCKX vs. QQQ - Expense Ratio Comparison
FGCKX has a 0.65% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FGCKX vs. QQQ — Risk-Adjusted Performance Rank
FGCKX
QQQ
FGCKX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Company K (FGCKX) 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
FGCKX vs. QQQ - Dividend Comparison
FGCKX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FGCKX Fidelity Growth Company K | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.21% | 4.01% | 4.24% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FGCKX vs. QQQ - Drawdown Comparison
The maximum FGCKX drawdown since its inception was -51.01%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FGCKX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FGCKX vs. QQQ - Volatility Comparison
Fidelity Growth Company K (FGCKX) and Invesco QQQ (QQQ) have volatilities of 16.81% and 16.72%, 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.