FGTAX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class A (FGTAX) and Invesco QQQ ETF (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.
Performance
FGTAX vs. QQQ - Performance Comparison
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FGTAX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGTAX Fidelity Advisor Mega Cap Stock Fund Class A | -2.19% | 26.58% | 25.62% | 26.18% | -9.26% | 25.98% | 12.59% | 30.74% | -7.68% | 17.54% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, FGTAX achieves a -2.19% return, which is significantly higher than QQQ's -4.76% return. Over the past 10 years, FGTAX has underperformed QQQ with an annualized return of 15.11%, while QQQ has yielded a comparatively higher 18.99% annualized return.
FGTAX
- 1D
- 3.13%
- 1M
- -4.73%
- YTD
- -2.19%
- 6M
- 2.33%
- 1Y
- 25.96%
- 3Y*
- 22.12%
- 5Y*
- 14.60%
- 10Y*
- 15.11%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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FGTAX vs. QQQ - Expense Ratio Comparison
FGTAX has a 0.90% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
FGTAX vs. QQQ — Risk / Return Rank
FGTAX
QQQ
FGTAX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class A (FGTAX) and Invesco QQQ ETF (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.
| FGTAX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 1.07 | +0.38 |
Sortino ratioReturn per unit of downside risk | 2.07 | 1.66 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.00 | +0.22 |
Martin ratioReturn relative to average drawdown | 10.24 | 7.32 | +2.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGTAX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.07 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.59 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.86 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.38 | +0.18 |
Correlation
The correlation between FGTAX 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.
Dividends
FGTAX vs. QQQ - Dividend Comparison
FGTAX's dividend yield for the trailing twelve months is around 3.80%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGTAX Fidelity Advisor Mega Cap Stock Fund Class A | 3.80% | 3.72% | 2.48% | 1.86% | 4.17% | 4.61% | 7.84% | 12.91% | 21.65% | 16.21% | 1.75% | 3.75% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
FGTAX vs. QQQ - Drawdown Comparison
The maximum FGTAX drawdown since its inception was -53.07%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FGTAX and QQQ.
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Drawdown Indicators
| FGTAX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.07% | -82.97% | +29.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -12.62% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -23.48% | -35.12% | +11.64% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | -35.12% | -0.09% |
Current DrawdownCurrent decline from peak | -6.19% | -7.86% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -32.99% | +26.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 3.44% | -0.80% |
Volatility
FGTAX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class A (FGTAX) is 5.53%, while Invesco QQQ ETF (QQQ) has a volatility of 6.61%. 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.
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Volatility by Period
| FGTAX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 6.61% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 12.82% | -3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 22.70% | -4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 22.38% | -5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 22.25% | -4.13% |