FGKFX vs. QQQ
Compare and contrast key facts about Fidelity Growth Company K6 Fund (FGKFX) and Invesco QQQ (QQQ).
FGKFX is managed by Fidelity. It was launched on Jun 13, 2019. 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: FGKFX or QQQ.
Key characteristics
| FGKFX | QQQ | |
|---|---|---|
| YTD Return | 38.57% | 25.79% |
| 1Y Return | 52.43% | 36.91% |
| 3Y Return (Ann) | 7.98% | 9.89% |
| 5Y Return (Ann) | 23.87% | 21.42% |
| Sharpe Ratio | 2.73 | 2.11 |
| Sortino Ratio | 3.48 | 2.78 |
| Omega Ratio | 1.48 | 1.38 |
| Calmar Ratio | 2.83 | 2.69 |
| Martin Ratio | 14.64 | 9.81 |
| Ulcer Index | 3.60% | 3.72% |
| Daily Std Dev | 19.31% | 17.32% |
| Max Drawdown | -41.65% | -82.98% |
| Current Drawdown | -0.10% | -0.24% |
Correlation
The correlation between FGKFX and QQQ is 0.96, 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
FGKFX vs. QQQ - Performance Comparison
In the year-to-date period, FGKFX achieves a 38.57% 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.
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FGKFX vs. QQQ - Expense Ratio Comparison
FGKFX has a 0.45% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FGKFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Company K6 Fund (FGKFX) 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
FGKFX vs. QQQ - Dividend Comparison
FGKFX's dividend yield for the trailing twelve months is around 0.07%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGKFX Fidelity Growth Company K6 Fund | 0.07% | 0.10% | 0.18% | 0.00% | 0.09% | 0.06% | 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
FGKFX vs. QQQ - Drawdown Comparison
The maximum FGKFX drawdown since its inception was -41.65%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FGKFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FGKFX vs. QQQ - Volatility Comparison
Fidelity Growth Company K6 Fund (FGKFX) and Invesco QQQ (QQQ) have volatilities of 5.30% 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.