FNCMX vs. QQQ
Compare and contrast key facts about Fidelity NASDAQ Composite Index Fund (FNCMX) and Invesco QQQ (QQQ).
FNCMX is managed by Fidelity. 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: FNCMX or QQQ.
Correlation
The correlation between FNCMX and QQQ is 0.97, 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
FNCMX vs. QQQ - Performance Comparison
Key characteristics
FNCMX:
1.39
QQQ:
1.30
FNCMX:
1.88
QQQ:
1.78
FNCMX:
1.25
QQQ:
1.24
FNCMX:
1.96
QQQ:
1.76
FNCMX:
7.02
QQQ:
6.08
FNCMX:
3.66%
QQQ:
3.92%
FNCMX:
18.53%
QQQ:
18.35%
FNCMX:
-55.71%
QQQ:
-82.98%
FNCMX:
-3.15%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, FNCMX achieves a 1.18% return, which is significantly lower than QQQ's 2.90% return. Over the past 10 years, FNCMX has underperformed QQQ with an annualized return of 15.14%, while QQQ has yielded a comparatively higher 18.06% annualized return.
FNCMX
1.18%
-2.37%
9.49%
22.47%
16.34%
15.14%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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FNCMX vs. QQQ - Expense Ratio Comparison
FNCMX has a 0.29% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FNCMX vs. QQQ — Risk-Adjusted Performance Rank
FNCMX
QQQ
FNCMX vs. QQQ - Risk-Adjusted Performance Comparison
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.
Dividends
FNCMX vs. QQQ - Dividend Comparison
FNCMX's dividend yield for the trailing twelve months is around 0.60%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCMX Fidelity NASDAQ Composite Index Fund | 0.60% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 0.97% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FNCMX vs. QQQ - Drawdown Comparison
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.
Volatility
FNCMX vs. QQQ - Volatility Comparison
Fidelity NASDAQ Composite Index Fund (FNCMX) has a higher volatility of 5.44% compared to Invesco QQQ (QQQ) at 5.02%. 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.