Correlation
The correlation between FNIAX and QQQ is 0.89, 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.
FNIAX vs. QQQ
Compare and contrast key facts about Fidelity Advisor New Insights Fund Class A (FNIAX) and Invesco QQQ (QQQ).
FNIAX is managed by Fidelity. It was launched on Jul 31, 2003. 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: FNIAX or QQQ.
Performance
FNIAX vs. QQQ - Performance Comparison
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Key characteristics
FNIAX:
0.85
QQQ:
0.66
FNIAX:
1.23
QQQ:
1.01
FNIAX:
1.17
QQQ:
1.14
FNIAX:
0.88
QQQ:
0.67
FNIAX:
2.98
QQQ:
2.18
FNIAX:
5.93%
QQQ:
7.02%
FNIAX:
22.12%
QQQ:
25.62%
FNIAX:
-49.35%
QQQ:
-82.98%
FNIAX:
-2.15%
QQQ:
-2.88%
Returns By Period
In the year-to-date period, FNIAX achieves a 4.65% return, which is significantly higher than QQQ's 2.50% return. Over the past 10 years, FNIAX has underperformed QQQ with an annualized return of 13.53%, while QQQ has yielded a comparatively higher 17.87% annualized return.
FNIAX
4.65%
6.09%
3.80%
18.55%
20.61%
16.48%
13.53%
QQQ
2.50%
7.03%
1.85%
16.79%
20.37%
17.93%
17.87%
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FNIAX vs. QQQ - Expense Ratio Comparison
FNIAX has a 0.93% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FNIAX vs. QQQ — Risk-Adjusted Performance Rank
FNIAX
QQQ
FNIAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class A (FNIAX) 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.
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Dividends
FNIAX vs. QQQ - Dividend Comparison
FNIAX's dividend yield for the trailing twelve months is around 6.47%, more than QQQ's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNIAX Fidelity Advisor New Insights Fund Class A | 6.47% | 5.85% | 6.18% | 17.12% | 12.63% | 8.14% | 6.48% | 13.78% | 7.61% | 4.99% | 4.40% | 7.60% |
QQQ Invesco QQQ | 0.57% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FNIAX vs. QQQ - Drawdown Comparison
The maximum FNIAX drawdown since its inception was -49.35%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FNIAX and QQQ.
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Volatility
FNIAX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor New Insights Fund Class A (FNIAX) is 4.77%, while Invesco QQQ (QQQ) has a volatility of 5.56%. This indicates that FNIAX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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