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.
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
Key characteristics
FOCKX:
0.61
QQQ:
1.40
FOCKX:
0.88
QQQ:
1.90
FOCKX:
1.13
QQQ:
1.25
FOCKX:
0.77
QQQ:
1.88
FOCKX:
1.59
QQQ:
6.51
FOCKX:
8.32%
QQQ:
3.92%
FOCKX:
21.81%
QQQ:
18.23%
FOCKX:
-53.34%
QQQ:
-82.98%
FOCKX:
-7.48%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, FOCKX achieves a 3.18% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, FOCKX has underperformed QQQ with an annualized return of 10.91%, while QQQ has yielded a comparatively higher 18.32% annualized return.
FOCKX
3.18%
0.35%
0.22%
14.28%
10.36%
10.91%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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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 Rank
FOCKX
QQQ
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 has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCKX Fidelity OTC Portfolio Class K | 0.00% | 0.00% | 0.09% | 0.00% | 0.00% | 0.08% | 0.03% | 0.00% | 0.00% | 0.00% | 4.65% | 12.92% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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) has a higher volatility of 6.31% compared to Invesco QQQ (QQQ) at 4.70%. 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.