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 | 18.86% | 26.09% |
| 1Y Return | 29.78% | 39.88% |
| 3Y Return (Ann) | 1.85% | 9.90% |
| 5Y Return (Ann) | 12.67% | 21.46% |
| 10Y Return (Ann) | 11.48% | 18.52% |
| Sharpe Ratio | 1.41 | 2.22 |
| Sortino Ratio | 1.78 | 2.92 |
| Omega Ratio | 1.28 | 1.40 |
| Calmar Ratio | 1.26 | 2.86 |
| Martin Ratio | 4.16 | 10.44 |
| Ulcer Index | 6.97% | 3.72% |
| Daily Std Dev | 20.62% | 17.47% |
| Max Drawdown | -53.34% | -82.98% |
| Current Drawdown | -9.48% | 0.00% |
Correlation
The correlation between FOCKX and QQQ is 0.94, 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 18.86% return, which is significantly lower than QQQ's 26.09% return. Over the past 10 years, FOCKX has underperformed QQQ with an annualized return of 11.48%, while QQQ has yielded a comparatively higher 18.52% 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 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCKX Fidelity OTC Portfolio Class K | 0.08% | 0.09% | 0.00% | 0.00% | 0.08% | 0.03% | 0.00% | 0.00% | 0.00% | 4.65% | 12.92% | 13.66% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FOCKX vs. QQQ - Drawdown Comparison
The maximum FOCKX drawdown since its inception was -53.34%, 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) and Invesco QQQ (QQQ) have volatilities of 5.04% and 5.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.