FSCRX vs. QQQ
Compare and contrast key facts about Fidelity Small Cap Discovery Fund (FSCRX) and Invesco QQQ (QQQ).
FSCRX is managed by Fidelity. It was launched on Sep 26, 2000. 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: FSCRX or QQQ.
Key characteristics
| FSCRX | QQQ | |
|---|---|---|
| YTD Return | 3.90% | 21.73% |
| 1Y Return | 26.00% | 42.44% |
| 3Y Return (Ann) | 2.78% | 9.48% |
| 5Y Return (Ann) | 9.62% | 20.93% |
| 10Y Return (Ann) | 7.87% | 18.21% |
| Sharpe Ratio | 1.55 | 2.51 |
| Sortino Ratio | 2.24 | 3.25 |
| Omega Ratio | 1.27 | 1.45 |
| Calmar Ratio | 1.57 | 3.18 |
| Martin Ratio | 6.87 | 11.66 |
| Ulcer Index | 4.02% | 3.70% |
| Daily Std Dev | 17.83% | 17.16% |
| Max Drawdown | -56.31% | -82.98% |
| Current Drawdown | -4.47% | -1.17% |
Correlation
The correlation between FSCRX and QQQ is 0.72, 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.
Performance
FSCRX vs. QQQ - Performance Comparison
In the year-to-date period, FSCRX achieves a 3.90% return, which is significantly lower than QQQ's 21.73% return. Over the past 10 years, FSCRX has underperformed QQQ with an annualized return of 7.87%, while QQQ has yielded a comparatively higher 18.21% annualized 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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FSCRX vs. QQQ - Expense Ratio Comparison
FSCRX has a 0.98% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FSCRX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Discovery Fund (FSCRX) 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
FSCRX vs. QQQ - Dividend Comparison
FSCRX's dividend yield for the trailing twelve months is around 10.95%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCRX Fidelity Small Cap Discovery Fund | 10.95% | 4.44% | 11.56% | 6.12% | 2.79% | 7.46% | 35.76% | 13.90% | 0.44% | 7.89% | 10.82% | 5.88% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
FSCRX vs. QQQ - Drawdown Comparison
The maximum FSCRX drawdown since its inception was -56.31%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FSCRX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FSCRX vs. QQQ - Volatility Comparison
Fidelity Small Cap Discovery Fund (FSCRX) and Invesco QQQ (QQQ) have volatilities of 3.65% and 3.68%, 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.