FPRO vs. QQQ
Compare and contrast key facts about Fidelity Real Estate Investment ETF (FPRO) and Invesco QQQ (QQQ).
FPRO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. 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: FPRO or QQQ.
Key characteristics
| FPRO | QQQ | |
|---|---|---|
| YTD Return | -10.02% | 3.82% |
| 1Y Return | -2.91% | 32.66% |
| 3Y Return (Ann) | -2.91% | 8.61% |
| Sharpe Ratio | -0.20 | 2.00 |
| Daily Std Dev | 17.83% | 16.23% |
| Max Drawdown | -32.80% | -82.98% |
| Current Drawdown | -25.16% | -4.88% |
Correlation
The correlation between FPRO and QQQ is 0.55, 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
FPRO vs. QQQ - Performance Comparison
In the year-to-date period, FPRO achieves a -10.02% return, which is significantly lower than QQQ's 3.82% 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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FPRO vs. QQQ - Expense Ratio Comparison
FPRO has a 0.59% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FPRO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment ETF (FPRO) 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
FPRO vs. QQQ - Dividend Comparison
FPRO's dividend yield for the trailing twelve months is around 3.10%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPRO Fidelity Real Estate Investment ETF | 3.10% | 2.83% | 2.67% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
FPRO vs. QQQ - Drawdown Comparison
The maximum FPRO drawdown since its inception was -32.80%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FPRO and QQQ. For additional features, visit the drawdowns tool.
Volatility
FPRO vs. QQQ - Volatility Comparison
Fidelity Real Estate Investment ETF (FPRO) and Invesco QQQ (QQQ) have volatilities of 5.51% and 5.44%, 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.