FOSKX vs. QQQ
Compare and contrast key facts about Fidelity Overseas Fund Class K (FOSKX) and Invesco QQQ (QQQ).
FOSKX 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: FOSKX or QQQ.
Correlation
The correlation between FOSKX and QQQ is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FOSKX vs. QQQ - Performance Comparison
Key characteristics
FOSKX:
0.86
QQQ:
1.24
FOSKX:
1.28
QQQ:
1.71
FOSKX:
1.15
QQQ:
1.22
FOSKX:
0.86
QQQ:
1.68
FOSKX:
2.63
QQQ:
5.78
FOSKX:
4.39%
QQQ:
3.93%
FOSKX:
13.50%
QQQ:
18.32%
FOSKX:
-59.28%
QQQ:
-82.98%
FOSKX:
-2.75%
QQQ:
-1.73%
Returns By Period
In the year-to-date period, FOSKX achieves a 7.71% return, which is significantly higher than QQQ's 3.28% return. Over the past 10 years, FOSKX has underperformed QQQ with an annualized return of 6.56%, while QQQ has yielded a comparatively higher 18.30% annualized return.
FOSKX
7.71%
7.92%
4.03%
11.22%
5.99%
6.56%
QQQ
3.28%
4.10%
14.48%
22.00%
18.51%
18.30%
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FOSKX vs. QQQ - Expense Ratio Comparison
FOSKX has a 0.89% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FOSKX vs. QQQ — Risk-Adjusted Performance Rank
FOSKX
QQQ
FOSKX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Overseas Fund Class K (FOSKX) 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
FOSKX vs. QQQ - Dividend Comparison
FOSKX's dividend yield for the trailing twelve months is around 1.70%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOSKX Fidelity Overseas Fund Class K | 1.70% | 1.84% | 1.13% | 0.88% | 0.39% | 0.28% | 1.44% | 1.80% | 1.13% | 1.95% | 1.17% | 1.90% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FOSKX vs. QQQ - Drawdown Comparison
The maximum FOSKX drawdown since its inception was -59.28%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FOSKX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FOSKX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Overseas Fund Class K (FOSKX) is 3.70%, while Invesco QQQ (QQQ) has a volatility of 5.32%. This indicates that FOSKX 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.