FLPKX vs. QQQ
Compare and contrast key facts about Fidelity Low-Priced Stock Fund Class K (FLPKX) and Invesco QQQ (QQQ).
FLPKX is managed by T. Rowe Price. It was launched on May 9, 2008. 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: FLPKX or QQQ.
Correlation
The correlation between FLPKX and QQQ is 0.73, 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
FLPKX vs. QQQ - Performance Comparison
Key characteristics
FLPKX:
-0.03
QQQ:
1.58
FLPKX:
0.05
QQQ:
2.13
FLPKX:
1.01
QQQ:
1.28
FLPKX:
-0.02
QQQ:
2.13
FLPKX:
-0.08
QQQ:
7.44
FLPKX:
6.95%
QQQ:
3.88%
FLPKX:
15.28%
QQQ:
18.24%
FLPKX:
-50.13%
QQQ:
-82.98%
FLPKX:
-25.28%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, FLPKX achieves a 2.29% return, which is significantly higher than QQQ's 2.06% return. Over the past 10 years, FLPKX has underperformed QQQ with an annualized return of 0.26%, while QQQ has yielded a comparatively higher 18.47% annualized return.
FLPKX
2.29%
2.97%
-12.32%
-1.71%
-2.06%
0.26%
QQQ
2.06%
0.76%
8.50%
24.61%
19.28%
18.47%
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FLPKX vs. QQQ - Expense Ratio Comparison
FLPKX has a 0.74% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FLPKX vs. QQQ — Risk-Adjusted Performance Rank
FLPKX
QQQ
FLPKX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low-Priced Stock Fund Class K (FLPKX) 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
FLPKX vs. QQQ - Dividend Comparison
FLPKX's dividend yield for the trailing twelve months is around 2.13%, more than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLPKX Fidelity Low-Priced Stock Fund Class K | 2.13% | 2.18% | 2.11% | 1.28% | 1.63% | 1.85% | 1.86% | 2.06% | 1.55% | 1.30% | 5.31% | 7.13% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FLPKX vs. QQQ - Drawdown Comparison
The maximum FLPKX drawdown since its inception was -50.13%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FLPKX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FLPKX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Low-Priced Stock Fund Class K (FLPKX) is 4.20%, while Invesco QQQ (QQQ) has a volatility of 6.45%. This indicates that FLPKX 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.