Correlation
The correlation between FNGLX and TQQQ is 0.93, 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.
FNGLX vs. TQQQ
Compare and contrast key facts about Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) and ProShares UltraPro QQQ (TQQQ).
FNGLX is managed by Fidelity. It was launched on Jun 6, 2017. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGLX or TQQQ.
Performance
FNGLX vs. TQQQ - Performance Comparison
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Key characteristics
FNGLX:
0.78
TQQQ:
0.18
FNGLX:
1.07
TQQQ:
0.68
FNGLX:
1.15
TQQQ:
1.09
FNGLX:
0.75
TQQQ:
0.13
FNGLX:
3.25
TQQQ:
0.33
FNGLX:
3.50%
TQQQ:
22.59%
FNGLX:
16.48%
TQQQ:
75.89%
FNGLX:
-31.22%
TQQQ:
-81.66%
FNGLX:
-0.35%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, FNGLX achieves a 7.16% return, which is significantly higher than TQQQ's -11.28% return.
FNGLX
7.16%
5.63%
3.45%
12.79%
11.18%
12.48%
N/A
TQQQ
-11.28%
23.30%
-11.83%
13.44%
30.10%
28.60%
31.28%
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FNGLX vs. TQQQ - Expense Ratio Comparison
FNGLX has a 0.50% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
FNGLX vs. TQQQ — Risk-Adjusted Performance Rank
FNGLX
TQQQ
FNGLX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) and ProShares UltraPro QQQ (TQQQ). 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.
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Dividends
FNGLX vs. TQQQ - Dividend Comparison
FNGLX's dividend yield for the trailing twelve months is around 5.05%, more than TQQQ's 1.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGLX Fidelity Advisor Freedom 2060 Fund Class Z6 | 5.05% | 2.04% | 2.36% | 10.48% | 8.88% | 4.70% | 6.51% | 8.88% | 2.36% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.41% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
FNGLX vs. TQQQ - Drawdown Comparison
The maximum FNGLX drawdown since its inception was -31.22%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FNGLX and TQQQ.
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Volatility
FNGLX vs. TQQQ - Volatility Comparison
The current volatility for Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) is 3.34%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. This indicates that FNGLX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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