FLCEX vs. QQQ
Compare and contrast key facts about Fidelity Large Cap Core Enhanced Index Fund (FLCEX) and Invesco QQQ (QQQ).
FLCEX is managed by Fidelity. It was launched on Apr 19, 2007. 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: FLCEX or QQQ.
Key characteristics
| FLCEX | QQQ |
|---|
Correlation
The correlation between FLCEX and QQQ is 0.86, 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
FLCEX vs. QQQ - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLCEX vs. QQQ - Expense Ratio Comparison
FLCEX has a 0.39% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FLCEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Large Cap Core Enhanced Index Fund (FLCEX) 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
FLCEX vs. QQQ - Dividend Comparison
FLCEX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCEX Fidelity Large Cap Core Enhanced Index Fund | 0.40% | 1.21% | 1.25% | 14.25% | 2.29% | 2.38% | 7.67% | 3.82% | 1.57% | 2.82% | 7.44% | 20.13% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
FLCEX vs. QQQ - Drawdown Comparison
Volatility
FLCEX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Large Cap Core Enhanced Index Fund (FLCEX) is 0.00%, while Invesco QQQ (QQQ) has a volatility of 4.47%. This indicates that FLCEX 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.