FGTAX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class A (FGTAX) and Invesco QQQ (QQQ).
FGTAX 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: FGTAX or QQQ.
Correlation
The correlation between FGTAX and QQQ is 0.81, 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
FGTAX vs. QQQ - Performance Comparison
Key characteristics
FGTAX:
2.12
QQQ:
1.38
FGTAX:
2.90
QQQ:
1.88
FGTAX:
1.40
QQQ:
1.25
FGTAX:
3.13
QQQ:
1.86
FGTAX:
12.77
QQQ:
6.43
FGTAX:
2.02%
QQQ:
3.92%
FGTAX:
12.17%
QQQ:
18.27%
FGTAX:
-52.71%
QQQ:
-82.98%
FGTAX:
0.00%
QQQ:
0.00%
Returns By Period
In the year-to-date period, FGTAX achieves a 6.27% return, which is significantly higher than QQQ's 5.50% return. Over the past 10 years, FGTAX has underperformed QQQ with an annualized return of 6.57%, while QQQ has yielded a comparatively higher 18.39% annualized return.
FGTAX
6.27%
2.72%
11.27%
25.04%
13.25%
6.57%
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
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FGTAX vs. QQQ - Expense Ratio Comparison
FGTAX has a 0.90% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FGTAX vs. QQQ — Risk-Adjusted Performance Rank
FGTAX
QQQ
FGTAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class A (FGTAX) 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
FGTAX vs. QQQ - Dividend Comparison
FGTAX's dividend yield for the trailing twelve months is around 0.76%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGTAX Fidelity Advisor Mega Cap Stock Fund Class A | 0.76% | 0.81% | 0.84% | 1.08% | 1.54% | 2.55% | 1.79% | 1.93% | 1.37% | 1.26% | 3.48% | 5.02% |
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
FGTAX vs. QQQ - Drawdown Comparison
The maximum FGTAX drawdown since its inception was -52.71%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FGTAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FGTAX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class A (FGTAX) is 3.59%, while Invesco QQQ (QQQ) has a volatility of 4.92%. This indicates that FGTAX 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.