FNICX vs. QQQ
Compare and contrast key facts about Fidelity Advisor New Insights Fund Class C (FNICX) and Invesco QQQ ETF (QQQ).
FNICX 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.
Performance
FNICX vs. QQQ - Performance Comparison
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FNICX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNICX Fidelity Advisor New Insights Fund Class C | -7.67% | 19.70% | 33.94% | 34.88% | -26.87% | 23.48% | 22.72% | 28.17% | -5.40% | 27.10% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, FNICX achieves a -7.67% return, which is significantly lower than QQQ's -5.93% return. Over the past 10 years, FNICX has underperformed QQQ with an annualized return of 13.70%, while QQQ has yielded a comparatively higher 18.85% annualized return.
FNICX
- 1D
- -0.52%
- 1M
- -9.33%
- YTD
- -7.67%
- 6M
- -4.56%
- 1Y
- 19.27%
- 3Y*
- 22.04%
- 5Y*
- 12.00%
- 10Y*
- 13.70%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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FNICX vs. QQQ - Expense Ratio Comparison
FNICX has a 1.70% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
FNICX vs. QQQ — Risk / Return Rank
FNICX
QQQ
FNICX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class C (FNICX) and Invesco QQQ ETF (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.
| FNICX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.05 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.63 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.88 | -0.37 |
Martin ratioReturn relative to average drawdown | 6.06 | 6.95 | -0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNICX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.05 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.58 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.85 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.37 | +0.18 |
Correlation
The correlation between FNICX 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.
Dividends
FNICX vs. QQQ - Dividend Comparison
FNICX's dividend yield for the trailing twelve months is around 14.79%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNICX Fidelity Advisor New Insights Fund Class C | 14.79% | 13.07% | 8.12% | 8.07% | 21.87% | 15.96% | 9.88% | 7.53% | 16.07% | 8.64% | 4.45% | 4.78% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
FNICX vs. QQQ - Drawdown Comparison
The maximum FNICX drawdown since its inception was -50.18%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FNICX and QQQ.
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Drawdown Indicators
| FNICX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.18% | -82.97% | +32.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -12.62% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -32.17% | -35.12% | +2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -32.17% | -35.12% | +2.95% |
Current DrawdownCurrent decline from peak | -10.53% | -8.98% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -7.65% | -32.99% | +25.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 3.41% | -0.71% |
Volatility
FNICX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor New Insights Fund Class C (FNICX) is 5.31%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that FNICX 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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Volatility by Period
| FNICX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 6.51% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 12.77% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 22.67% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 22.39% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 22.25% | -3.03% |