FIQRX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX) and Invesco QQQ (QQQ).
FIQRX 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: FIQRX or QQQ.
Correlation
The correlation between FIQRX and QQQ is 0.47, 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
FIQRX vs. QQQ - Performance Comparison
Key characteristics
FIQRX:
0.80
QQQ:
1.30
FIQRX:
1.12
QQQ:
1.78
FIQRX:
1.14
QQQ:
1.24
FIQRX:
0.60
QQQ:
1.76
FIQRX:
2.25
QQQ:
6.08
FIQRX:
5.52%
QQQ:
3.92%
FIQRX:
15.59%
QQQ:
18.35%
FIQRX:
-46.41%
QQQ:
-82.98%
FIQRX:
-11.44%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, FIQRX achieves a 2.74% return, which is significantly lower than QQQ's 2.90% return.
FIQRX
2.74%
-1.71%
-2.75%
10.97%
11.83%
N/A
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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FIQRX vs. QQQ - Expense Ratio Comparison
FIQRX has a 0.80% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FIQRX vs. QQQ — Risk-Adjusted Performance Rank
FIQRX
QQQ
FIQRX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX) 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
FIQRX vs. QQQ - Dividend Comparison
FIQRX's dividend yield for the trailing twelve months is around 2.67%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQRX Fidelity Advisor Global Commodity Stock Fund Class Z | 2.67% | 2.74% | 2.28% | 1.99% | 3.55% | 1.66% | 3.34% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FIQRX vs. QQQ - Drawdown Comparison
The maximum FIQRX drawdown since its inception was -46.41%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FIQRX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FIQRX vs. QQQ - Volatility Comparison
Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX) and Invesco QQQ (QQQ) have volatilities of 4.79% and 5.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.