FPXTX vs. QQQ
Compare and contrast key facts about Fidelity Pennsylvania Municipal Income Fund (FPXTX) and Invesco QQQ (QQQ).
FPXTX is managed by Fidelity. It was launched on Aug 6, 1986. 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: FPXTX or QQQ.
Correlation
The correlation between FPXTX and QQQ is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FPXTX vs. QQQ - Performance Comparison
Key characteristics
FPXTX:
0.36
QQQ:
0.48
FPXTX:
0.50
QQQ:
0.83
FPXTX:
1.08
QQQ:
1.12
FPXTX:
0.28
QQQ:
0.53
FPXTX:
1.20
QQQ:
1.76
FPXTX:
1.37%
QQQ:
6.79%
FPXTX:
4.57%
QQQ:
25.19%
FPXTX:
-16.22%
QQQ:
-82.98%
FPXTX:
-3.67%
QQQ:
-10.59%
Returns By Period
In the year-to-date period, FPXTX achieves a -1.13% return, which is significantly higher than QQQ's -5.64% return. Over the past 10 years, FPXTX has underperformed QQQ with an annualized return of 1.79%, while QQQ has yielded a comparatively higher 16.95% annualized return.
FPXTX
-1.13%
-1.06%
-0.75%
1.74%
1.08%
1.79%
QQQ
-5.64%
1.90%
-0.14%
14.97%
18.56%
16.95%
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FPXTX vs. QQQ - Expense Ratio Comparison
FPXTX has a 0.48% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FPXTX vs. QQQ — Risk-Adjusted Performance Rank
FPXTX
QQQ
FPXTX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Pennsylvania Municipal Income Fund (FPXTX) 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
FPXTX vs. QQQ - Dividend Comparison
FPXTX's dividend yield for the trailing twelve months is around 2.66%, more than QQQ's 0.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPXTX Fidelity Pennsylvania Municipal Income Fund | 2.66% | 2.86% | 2.64% | 2.48% | 2.28% | 2.45% | 3.19% | 3.18% | 3.10% | 3.50% | 3.54% | 3.69% |
QQQ Invesco QQQ | 0.62% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FPXTX vs. QQQ - Drawdown Comparison
The maximum FPXTX drawdown since its inception was -16.22%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FPXTX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FPXTX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Pennsylvania Municipal Income Fund (FPXTX) is 3.40%, while Invesco QQQ (QQQ) has a volatility of 16.67%. This indicates that FPXTX 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.