Correlation
The correlation between FJPCX and QQQ is 0.64, 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.
FJPCX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Japan Fund Class C (FJPCX) and Invesco QQQ (QQQ).
FJPCX is managed by Fidelity. It was launched on Dec 14, 2010. 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: FJPCX or QQQ.
Performance
FJPCX vs. QQQ - Performance Comparison
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Key characteristics
FJPCX:
0.82
QQQ:
0.62
FJPCX:
1.12
QQQ:
0.92
FJPCX:
1.15
QQQ:
1.13
FJPCX:
0.71
QQQ:
0.60
FJPCX:
2.67
QQQ:
1.94
FJPCX:
6.31%
QQQ:
7.02%
FJPCX:
22.85%
QQQ:
25.59%
FJPCX:
-36.91%
QQQ:
-82.98%
FJPCX:
-3.09%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, FJPCX achieves a 12.40% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, FJPCX has underperformed QQQ with an annualized return of 5.83%, while QQQ has yielded a comparatively higher 17.69% annualized return.
FJPCX
12.40%
6.78%
8.72%
18.55%
8.92%
7.12%
5.83%
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
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FJPCX vs. QQQ - Expense Ratio Comparison
FJPCX has a 2.09% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FJPCX vs. QQQ — Risk-Adjusted Performance Rank
FJPCX
QQQ
FJPCX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Japan Fund Class C (FJPCX) 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.
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Dividends
FJPCX vs. QQQ - Dividend Comparison
FJPCX's dividend yield for the trailing twelve months is around 3.50%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJPCX Fidelity Advisor Japan Fund Class C | 3.50% | 3.93% | 2.96% | 0.00% | 10.33% | 1.25% | 0.22% | 0.00% | 0.25% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FJPCX vs. QQQ - Drawdown Comparison
The maximum FJPCX drawdown since its inception was -36.91%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FJPCX and QQQ.
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Volatility
FJPCX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Japan Fund Class C (FJPCX) is 4.22%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that FJPCX 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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