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FSAEX vs. QQQI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FSAEX vs. QQQI

Last updated Jun 24, 2026

FSAEX (Fidelity Series All-Sector Equity Fund) and QQQI (NEOS Nasdaq-100 High Income ETF) are both funds - FSAEX is a Large Cap Blend Equities fund managed by Fidelity, while QQQI is a Nasdaq-100 fund actively managed by Neos. Over the past year, FSAEX returned 27.21% vs 24.88% for QQQI. Their correlation of 0.93 suggests significant overlap in exposure. FSAEX charges 0.00%/yr vs 0.68%/yr for QQQI.

Performance

FSAEX vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series All-Sector Equity Fund (FSAEX) and NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FSAEX achieves a 10.96% return, which is significantly higher than QQQI's 9.86% return.

FSAEX

1D
-0.59%
1M
1.21%
YTD
10.96%
6M
9.78%
1Y
27.21%
3Y*
23.62%
5Y*
14.62%
10Y*
16.98%

QQQI

1D
-2.87%
1M
-0.93%
YTD
9.86%
6M
8.75%
1Y
24.88%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FSAEX vs. QQQI - Yearly Performance Comparison

2026 (YTD)20252024
FSAEX
Fidelity Series All-Sector Equity Fund		10.96%19.80%22.42%
QQQI
NEOS Nasdaq-100 High Income ETF		9.86%18.62%19.44%

Correlation

The correlation between FSAEX and QQQI is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Jan 30, 2024

0.93

The correlation between FSAEX and QQQI has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Series All-Sector Equity Fund

NEOS Nasdaq-100 High Income ETF

Often compared with FSAEX:
FSAEX vs. FITFXFSAEX vs. FCGSXFSAEX vs. FVWSXFSAEX vs. MSFTFSAEX vs. ^GSPCFSAEX vs. FBALXFSAEX vs. FLCNX
Often compared with QQQI:
QQQI vs. JEPQQQQI vs. QQQQQQI vs. SPYIQQQI vs. GPIQQQQI vs. JEPIQQQI vs. SCHDQQQI vs. QQQY

Return for Risk

FSAEX vs. QQQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FSAEX
FSAEX Risk / Return Rank: 6262
Overall Rank
FSAEX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
FSAEX Sortino Ratio Rank: 5656
Sortino Ratio Rank
FSAEX Omega Ratio Rank: 5656
Omega Ratio Rank
FSAEX Calmar Ratio Rank: 6363
Calmar Ratio Rank
FSAEX Martin Ratio Rank: 7272
Martin Ratio Rank
QQQI
QQQI Risk / Return Rank: 5353
Overall Rank
QQQI Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
QQQI Sortino Ratio Rank: 4747
Sortino Ratio Rank
QQQI Omega Ratio Rank: 5252
Omega Ratio Rank
QQQI Calmar Ratio Rank: 5454
Calmar Ratio Rank
QQQI Martin Ratio Rank: 6464
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSAEX vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series All-Sector Equity Fund (FSAEX) and NEOS Nasdaq-100 High Income ETF (QQQI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

FSAEXQQQIDifference
Sharpe ratioReturn per unit of total volatility
2.12
1.69

+0.43

Sortino ratioReturn per unit of downside risk
2.87
2.25

+0.62

Omega ratioGain probability vs. loss probability

1.38

1.32

+0.06

Calmar ratioReturn relative to maximum drawdown

2.90

2.60

+0.30

Martin ratioReturn relative to average drawdown

12.84

11.10

+1.73

FSAEX vs. QQQI - Sharpe Ratio Comparison

The current FSAEX Sharpe Ratio is 2.12, which is comparable to the QQQI Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of FSAEX and QQQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FSAEX vs. QQQI - Drawdown Comparison

The maximum FSAEX drawdown since its inception was -34.55%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for FSAEX and QQQI.

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Drawdown Indicators

FSAEXQQQIDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-20.00%

-14.55%

Max Drawdown (1Y)

Largest decline over 1 year

-9.83%

-9.61%

-0.22%

Max Drawdown (3Y)

Largest decline over 3 years

-19.87%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-24.66%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

—

—

Current Drawdown

Current decline from peak

-1.76%

-3.32%

+1.56%

Average Drawdown

Average peak-to-trough decline

-4.55%

-2.20%

-2.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.22%

2.25%

-0.03%

Volatility

FSAEX vs. QQQI - Volatility Comparison

The current volatility for Fidelity Series All-Sector Equity Fund (FSAEX) is 5.24%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 7.63%. This indicates that FSAEX experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FSAEXQQQIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.24%

7.63%

-2.39%

Volatility (6M)

Calculated over the trailing 6-month period

10.66%

11.99%

-1.33%

Volatility (1Y)

Calculated over the trailing 1-year period

13.47%

14.79%

-1.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.99%

17.53%

+0.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.86%

17.53%

+1.33%

FSAEX vs. QQQI - Expense Ratio Comparison

FSAEX has a 0.00% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

FSAEX vs. QQQI - Dividend Comparison

FSAEX's dividend yield for the trailing twelve months is around 7.55%, less than QQQI's 14.97% yield.

PositionTTM20252024202320222021202020192018201720162015
FSAEX
Fidelity Series All-Sector Equity Fund		7.55%7.36%8.95%5.50%11.89%20.94%12.13%8.60%41.30%14.60%17.85%9.61%
QQQI
NEOS Nasdaq-100 High Income ETF		14.97%13.82%12.85%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.93, FSAEX and QQQI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

QQQI has higher volatility (7.63%) compared to FSAEX (5.24%). In terms of maximum drawdown, FSAEX dropped -34.55% vs QQQI's -20.00%.

FSAEX currently has the higher Sharpe Ratio (2.12 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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