FIKHX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Technology Fund Class Z (FIKHX) and Invesco QQQ (QQQ).
FIKHX is managed by Fidelity. It was launched on Oct 2, 2018. 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: FIKHX or QQQ.
Correlation
The correlation between FIKHX and QQQ is 0.96, 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
FIKHX vs. QQQ - Performance Comparison
Key characteristics
FIKHX:
1.08
QQQ:
1.45
FIKHX:
1.51
QQQ:
1.97
FIKHX:
1.20
QQQ:
1.26
FIKHX:
1.38
QQQ:
1.93
FIKHX:
5.40
QQQ:
6.92
FIKHX:
4.92%
QQQ:
3.77%
FIKHX:
24.66%
QQQ:
18.02%
FIKHX:
-46.63%
QQQ:
-82.98%
FIKHX:
-10.69%
QQQ:
-4.04%
Returns By Period
FIKHX
0.00%
-6.66%
-0.58%
26.59%
15.77%
N/A
QQQ
26.65%
1.31%
7.31%
26.65%
20.20%
18.46%
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FIKHX vs. QQQ - Expense Ratio Comparison
FIKHX has a 0.59% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FIKHX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class Z (FIKHX) 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
FIKHX vs. QQQ - Dividend Comparison
FIKHX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FIKHX Fidelity Advisor Technology Fund Class Z | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.55% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FIKHX vs. QQQ - Drawdown Comparison
The maximum FIKHX drawdown since its inception was -46.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FIKHX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FIKHX vs. QQQ - Volatility Comparison
Fidelity Advisor Technology Fund Class Z (FIKHX) has a higher volatility of 9.28% compared to Invesco QQQ (QQQ) at 5.75%. This indicates that FIKHX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.