Correlation
The correlation between FGRCX and QQQ is 0.90, 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.
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.
Performance
FGRCX vs. QQQ - Performance Comparison
Loading data...
Key characteristics
FGRCX:
0.80
QQQ:
0.62
FGRCX:
1.09
QQQ:
0.92
FGRCX:
1.17
QQQ:
1.13
FGRCX:
0.74
QQQ:
0.60
FGRCX:
2.90
QQQ:
1.94
FGRCX:
4.76%
QQQ:
7.02%
FGRCX:
19.60%
QQQ:
25.59%
FGRCX:
-53.25%
QQQ:
-82.98%
FGRCX:
-1.19%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, FGRCX achieves a 4.92% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, FGRCX has underperformed QQQ with an annualized return of 11.87%, while QQQ has yielded a comparatively higher 17.69% annualized return.
FGRCX
4.92%
8.32%
2.21%
15.63%
16.32%
18.82%
11.87%
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Loading data...
Dividends
FGRCX vs. QQQ - Dividend Comparison
FGRCX's dividend yield for the trailing twelve months is around 1.79%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRCX Fidelity Advisor Mega Cap Stock Fund Class C | 1.79% | 1.88% | 1.23% | 3.43% | 3.88% | 7.99% | 12.35% | 21.04% | 15.67% | 1.05% | 3.23% | 3.40% |
QQQ Invesco QQQ | 0.58% | 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 -53.25%, 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.
Loading data...
Volatility
FGRCX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class C (FGRCX) is 4.16%, while Invesco QQQ (QQQ) has a volatility of 5.62%. 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.
Loading data...