FMDGX vs. QQQ

In the year-to-date period, FMDGX achieves a -0.09% return, which is significantly higher than QQQ's -4.41% return.

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FMDGX has a 0.05% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Growth Index Fund (FMDGX) 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.

The current FMDGX Sharpe Ratio is 0.63, which is higher than the QQQ Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of FMDGX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FMDGX's dividend yield for the trailing twelve months is around 0.47%, less than QQQ's 0.61% yield.

The maximum FMDGX drawdown since its inception was -38.85%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FMDGX and QQQ. For additional features, visit the drawdowns tool.