FIDAX vs. QQQ
Compare and contrast key facts about John Hancock Financial Industries Fund (FIDAX) and Invesco QQQ (QQQ).
FIDAX is managed by Blackrock. It was launched on Mar 14, 1996. 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: FIDAX or QQQ.
Correlation
The correlation between FIDAX and QQQ is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FIDAX vs. QQQ - Performance Comparison
Key characteristics
FIDAX:
1.21
QQQ:
1.40
FIDAX:
1.71
QQQ:
1.90
FIDAX:
1.25
QQQ:
1.25
FIDAX:
0.64
QQQ:
1.88
FIDAX:
4.18
QQQ:
6.51
FIDAX:
5.19%
QQQ:
3.92%
FIDAX:
17.94%
QQQ:
18.23%
FIDAX:
-68.44%
QQQ:
-82.98%
FIDAX:
-19.26%
QQQ:
-0.42%
Returns By Period
The year-to-date returns for both investments are quite close, with FIDAX having a 4.93% return and QQQ slightly higher at 5.09%. Over the past 10 years, FIDAX has underperformed QQQ with an annualized return of 2.05%, while QQQ has yielded a comparatively higher 18.32% annualized return.
FIDAX
4.93%
-0.16%
8.61%
22.25%
0.69%
2.05%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIDAX vs. QQQ - Expense Ratio Comparison
FIDAX has a 1.24% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FIDAX vs. QQQ — Risk-Adjusted Performance Rank
FIDAX
QQQ
FIDAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Financial Industries Fund (FIDAX) 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
FIDAX vs. QQQ - Dividend Comparison
FIDAX's dividend yield for the trailing twelve months is around 1.18%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDAX John Hancock Financial Industries Fund | 1.18% | 1.24% | 1.79% | 0.87% | 2.24% | 1.26% | 1.25% | 0.85% | 2.14% | 0.78% | 0.93% | 0.53% |
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
FIDAX vs. QQQ - Drawdown Comparison
The maximum FIDAX drawdown since its inception was -68.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FIDAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FIDAX vs. QQQ - Volatility Comparison
The current volatility for John Hancock Financial Industries Fund (FIDAX) is 3.32%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that FIDAX 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.