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 0.86, 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
FLPKX vs. QQQ - Performance Comparison
Key characteristics
FLPKX:
-0.70
QQQ:
0.47
FLPKX:
-0.85
QQQ:
0.82
FLPKX:
0.88
QQQ:
1.11
FLPKX:
-0.37
QQQ:
0.52
FLPKX:
-1.23
QQQ:
1.79
FLPKX:
10.99%
QQQ:
6.64%
FLPKX:
19.20%
QQQ:
25.28%
FLPKX:
-50.24%
QQQ:
-82.98%
FLPKX:
-29.30%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, FLPKX achieves a -3.22% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, FLPKX has underperformed QQQ with an annualized return of -0.88%, while QQQ has yielded a comparatively higher 16.64% annualized return.
FLPKX
-3.22%
-3.98%
-8.32%
-13.27%
1.96%
-0.88%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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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 2.25%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLPKX Fidelity Low-Priced Stock Fund Class K | 2.25% | 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 | 0.63% | 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 -50.24%, 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 11.71%, while Invesco QQQ (QQQ) has a volatility of 16.86%. 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.