FNCMX vs. QQQ

In the year-to-date period, FNCMX achieves a -0.83% return, which is significantly lower than QQQ's 1.72% return. Over the past 10 years, FNCMX has underperformed QQQ with an annualized return of 14.63%, while QQQ has yielded a comparatively higher 17.74% annualized return.

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FNCMX has a 0.29% expense ratio, which is higher than QQQ's 0.20% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Fund (FNCMX) 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 FNCMX Sharpe Ratio is 0.57, which is comparable to the QQQ Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of FNCMX 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.

FNCMX's dividend yield for the trailing twelve months is around 0.61%, more than QQQ's 0.58% yield.

The maximum FNCMX drawdown since its inception was -55.71%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FNCMX and QQQ. For additional features, visit the drawdowns tool.

Fidelity NASDAQ Composite Index Fund (FNCMX) has a higher volatility of 7.94% compared to Invesco QQQ (QQQ) at 7.54%. This indicates that FNCMX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.