Correlation
The correlation between FLCCX and QQQ is 0.87, 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.
FLCCX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Large Cap Fund Class C (FLCCX) and Invesco QQQ (QQQ).
FLCCX is managed by Fidelity. It was launched on Nov 3, 1997. 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: FLCCX or QQQ.
Performance
FLCCX vs. QQQ - Performance Comparison
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Key characteristics
FLCCX:
0.83
QQQ:
0.62
FLCCX:
1.13
QQQ:
0.92
FLCCX:
1.17
QQQ:
1.13
FLCCX:
0.76
QQQ:
0.60
FLCCX:
2.94
QQQ:
1.94
FLCCX:
4.95%
QQQ:
7.02%
FLCCX:
19.78%
QQQ:
25.59%
FLCCX:
-65.56%
QQQ:
-82.98%
FLCCX:
-1.34%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, FLCCX achieves a 5.05% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, FLCCX has underperformed QQQ with an annualized return of 11.24%, while QQQ has yielded a comparatively higher 17.69% annualized return.
FLCCX
5.05%
7.36%
1.50%
15.07%
15.56%
18.15%
11.24%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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FLCCX vs. QQQ - Expense Ratio Comparison
FLCCX has a 1.57% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FLCCX vs. QQQ — Risk-Adjusted Performance Rank
FLCCX
QQQ
FLCCX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Fund Class C (FLCCX) 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
FLCCX vs. QQQ - Dividend Comparison
FLCCX's dividend yield for the trailing twelve months is around 6.48%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCCX Fidelity Advisor Large Cap Fund Class C | 6.48% | 6.81% | 3.27% | 1.77% | 6.87% | 5.44% | 8.90% | 18.35% | 7.56% | 1.65% | 2.52% | 4.50% |
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
FLCCX vs. QQQ - Drawdown Comparison
The maximum FLCCX drawdown since its inception was -65.56%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FLCCX and QQQ.
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Volatility
FLCCX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Large Cap Fund Class C (FLCCX) is 4.12%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that FLCCX 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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