FOCKX vs. QQQ
Compare and contrast key facts about Fidelity OTC Portfolio Class K (FOCKX) and Invesco QQQ (QQQ).
FOCKX is managed by Fidelity. It was launched on May 9, 2008. 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: FOCKX or QQQ.
Key characteristics
| FOCKX | QQQ | |
|---|---|---|
| YTD Return | 9.24% | 15.90% |
| 1Y Return | 19.98% | 28.50% |
| 3Y Return (Ann) | 2.86% | 8.93% |
| 5Y Return (Ann) | 16.75% | 20.58% |
| 10Y Return (Ann) | 15.84% | 17.81% |
| Sharpe Ratio | 0.89 | 1.48 |
| Daily Std Dev | 20.91% | 17.72% |
| Max Drawdown | -53.33% | -82.98% |
| Current Drawdown | -16.80% | -5.91% |
Correlation
The correlation between FOCKX and QQQ is 0.95, 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
FOCKX vs. QQQ - Performance Comparison
In the year-to-date period, FOCKX achieves a 9.24% return, which is significantly lower than QQQ's 15.90% return. Over the past 10 years, FOCKX has underperformed QQQ with an annualized return of 15.84%, while QQQ has yielded a comparatively higher 17.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FOCKX vs. QQQ - Expense Ratio Comparison
FOCKX has a 0.73% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FOCKX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC Portfolio Class K (FOCKX) 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
FOCKX vs. QQQ - Dividend Comparison
FOCKX's dividend yield for the trailing twelve months is around 0.08%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCKX Fidelity OTC Portfolio Class K | 0.08% | 0.09% | 3.97% | 11.34% | 6.18% | 7.49% | 7.81% | 4.85% | 3.25% | 4.65% | 12.92% | 13.66% |
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% | 1.01% |
Drawdowns
FOCKX vs. QQQ - Drawdown Comparison
The maximum FOCKX drawdown since its inception was -53.33%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FOCKX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FOCKX vs. QQQ - Volatility Comparison
Fidelity OTC Portfolio Class K (FOCKX) has a higher volatility of 11.72% compared to Invesco QQQ (QQQ) at 6.05%. This indicates that FOCKX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.