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 0.88, 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
FGCKX vs. QQQ - Performance Comparison
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Key characteristics
FGCKX:
0.18
QQQ:
0.64
FGCKX:
0.40
QQQ:
1.04
FGCKX:
1.06
QQQ:
1.15
FGCKX:
0.14
QQQ:
0.70
FGCKX:
0.38
QQQ:
2.29
FGCKX:
11.58%
QQQ:
6.99%
FGCKX:
28.28%
QQQ:
25.51%
FGCKX:
-51.01%
QQQ:
-82.98%
FGCKX:
-13.68%
QQQ:
-3.10%
Returns By Period
In the year-to-date period, FGCKX achieves a -2.54% return, which is significantly lower than QQQ's 2.26% return. Over the past 10 years, FGCKX has underperformed QQQ with an annualized return of 11.20%, while QQQ has yielded a comparatively higher 17.72% annualized return.
FGCKX
-2.54%
18.65%
-6.98%
5.18%
16.07%
10.19%
11.20%
QQQ
2.26%
17.54%
4.72%
16.26%
22.66%
18.41%
17.72%
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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.
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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 0.57%.
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 | 0.57% | 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.
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Volatility
FGCKX vs. QQQ - Volatility Comparison
Fidelity Growth Company K (FGCKX) has a higher volatility of 7.05% compared to Invesco QQQ (QQQ) at 6.48%. This indicates that FGCKX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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