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.
Correlation
The correlation between FNIAX and QQQ is 0.90, 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
FNIAX vs. QQQ - Performance Comparison
Key characteristics
FNIAX:
1.61
QQQ:
1.34
FNIAX:
2.15
QQQ:
1.83
FNIAX:
1.30
QQQ:
1.24
FNIAX:
0.97
QQQ:
1.78
FNIAX:
7.92
QQQ:
6.25
FNIAX:
3.29%
QQQ:
3.86%
FNIAX:
16.26%
QQQ:
18.07%
FNIAX:
-49.52%
QQQ:
-82.98%
FNIAX:
-8.22%
QQQ:
-6.00%
Returns By Period
In the year-to-date period, FNIAX achieves a 0.19% return, which is significantly higher than QQQ's -1.20% return. Over the past 10 years, FNIAX has underperformed QQQ with an annualized return of 5.08%, while QQQ has yielded a comparatively higher 18.47% annualized return.
FNIAX
0.19%
-2.76%
0.63%
25.81%
4.97%
5.08%
QQQ
-1.20%
-4.64%
2.07%
24.06%
18.68%
18.47%
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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.
Dividends
FNIAX vs. QQQ - Dividend Comparison
FNIAX's dividend yield for the trailing twelve months is around 0.04%, less than QQQ's 0.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNIAX Fidelity Advisor New Insights Fund Class A | 0.04% | 0.04% | 0.20% | 2.57% | 0.00% | 0.01% | 0.14% | 0.00% | 0.00% | 0.14% | 0.65% | 7.60% |
QQQ Invesco QQQ | 0.56% | 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 -49.52%, 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. For additional features, visit the drawdowns tool.
Volatility
FNIAX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor New Insights Fund Class A (FNIAX) is 4.83%, while Invesco QQQ (QQQ) has a volatility of 5.94%. 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.