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.
Performance
FNCMX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FNCMX achieves a 25.14% return, which is significantly higher than QQQ's 21.78% return. Over the past 10 years, FNCMX has underperformed QQQ with an annualized return of 15.23%, while QQQ has yielded a comparatively higher 17.95% annualized return.
FNCMX
25.14%
1.07%
12.29%
33.09%
17.11%
15.23%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| FNCMX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.90 | 1.70 |
| Sortino Ratio | 2.51 | 2.29 |
| Omega Ratio | 1.34 | 1.31 |
| Calmar Ratio | 2.54 | 2.19 |
| Martin Ratio | 9.53 | 7.96 |
| Ulcer Index | 3.49% | 3.72% |
| Daily Std Dev | 17.52% | 17.39% |
| Max Drawdown | -55.71% | -82.98% |
| Current Drawdown | -3.19% | -3.42% |
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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.
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.
Risk-Adjusted Performance
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 0.53%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCMX Fidelity NASDAQ Composite Index Fund | 0.53% | 0.67% | 0.88% | 0.47% | 0.67% | 0.97% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% | 0.72% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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) and Invesco QQQ (QQQ) have volatilities of 5.77% and 5.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.