FGRCX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class C (FGRCX) and Invesco QQQ (QQQ).
FGRCX is managed by Fidelity. It was launched on Feb 5, 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: FGRCX or QQQ.
Correlation
The correlation between FGRCX and QQQ is 0.82, 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
FGRCX vs. QQQ - Performance Comparison
Key characteristics
FGRCX:
1.93
QQQ:
1.40
FGRCX:
2.65
QQQ:
1.90
FGRCX:
1.36
QQQ:
1.25
FGRCX:
2.84
QQQ:
1.88
FGRCX:
11.38
QQQ:
6.51
FGRCX:
2.06%
QQQ:
3.92%
FGRCX:
12.19%
QQQ:
18.23%
FGRCX:
-53.11%
QQQ:
-82.98%
FGRCX:
-0.50%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, FGRCX achieves a 5.66% return, which is significantly higher than QQQ's 5.09% return. Over the past 10 years, FGRCX has underperformed QQQ with an annualized return of 5.56%, while QQQ has yielded a comparatively higher 18.32% annualized return.
FGRCX
5.66%
1.13%
10.78%
23.71%
12.29%
5.56%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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FGRCX vs. QQQ - Expense Ratio Comparison
FGRCX has a 1.67% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FGRCX vs. QQQ — Risk-Adjusted Performance Rank
FGRCX
QQQ
FGRCX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class C (FGRCX) 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
FGRCX vs. QQQ - Dividend Comparison
FGRCX's dividend yield for the trailing twelve months is around 0.16%, less than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRCX Fidelity Advisor Mega Cap Stock Fund Class C | 0.16% | 0.17% | 0.18% | 0.27% | 0.78% | 1.54% | 1.02% | 1.00% | 0.63% | 0.55% | 2.61% | 3.87% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FGRCX vs. QQQ - Drawdown Comparison
The maximum FGRCX drawdown since its inception was -53.11%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FGRCX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FGRCX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class C (FGRCX) is 3.41%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that FGRCX 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.