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.
Performance
FIKHX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FIKHX achieves a 31.06% return, which is significantly higher than QQQ's 21.78% return.
FIKHX
31.06%
0.23%
13.43%
34.59%
17.59%
N/A
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| FIKHX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.48 | 1.70 |
| Sortino Ratio | 2.00 | 2.29 |
| Omega Ratio | 1.26 | 1.31 |
| Calmar Ratio | 1.79 | 2.19 |
| Martin Ratio | 6.96 | 7.96 |
| Ulcer Index | 4.93% | 3.72% |
| Daily Std Dev | 23.26% | 17.39% |
| Max Drawdown | -46.63% | -82.98% |
| Current Drawdown | -3.23% | -3.42% |
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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.
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.
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 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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 6.45% compared to Invesco QQQ (QQQ) at 5.62%. 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.