Correlation
The correlation between FOSKX and QQQ is 0.77, 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.
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.
Performance
FOSKX vs. QQQ - Performance Comparison
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Key characteristics
FOSKX:
0.85
QQQ:
0.67
FOSKX:
1.38
QQQ:
1.11
FOSKX:
1.19
QQQ:
1.16
FOSKX:
1.20
QQQ:
0.77
FOSKX:
3.54
QQQ:
2.49
FOSKX:
4.69%
QQQ:
7.02%
FOSKX:
17.87%
QQQ:
25.58%
FOSKX:
-59.28%
QQQ:
-82.98%
FOSKX:
-0.08%
QQQ:
-2.12%
Returns By Period
In the year-to-date period, FOSKX achieves a 18.08% return, which is significantly higher than QQQ's 3.30% return. Over the past 10 years, FOSKX has underperformed QQQ with an annualized return of 7.85%, while QQQ has yielded a comparatively higher 17.96% annualized return.
FOSKX
18.08%
3.99%
13.25%
15.01%
12.67%
10.14%
7.85%
QQQ
3.30%
7.87%
2.33%
17.08%
20.68%
18.28%
17.96%
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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.
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Dividends
FOSKX vs. QQQ - Dividend Comparison
FOSKX's dividend yield for the trailing twelve months is around 1.55%, more than QQQ's 0.57% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FOSKX Fidelity Overseas Fund Class K | 1.55% | 1.84% | 1.13% | 0.88% | 4.64% | 0.62% | 1.44% | 6.08% | 1.19% | 2.09% | 1.17% | 1.90% |
QQQ Invesco QQQ | 0.57% | 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.
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Volatility
FOSKX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Overseas Fund Class K (FOSKX) is 3.28%, while Invesco QQQ (QQQ) has a volatility of 5.46%. 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.
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