FSPTX vs. QQQ
Compare and contrast key facts about Fidelity Select Technology Portfolio (FSPTX) and Invesco QQQ (QQQ).
FSPTX is managed by Fidelity. It was launched on Jul 13, 1981. 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: FSPTX or QQQ.
Performance
FSPTX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FSPTX achieves a 30.76% return, which is significantly higher than QQQ's 21.78% return. Over the past 10 years, FSPTX has underperformed QQQ with an annualized return of 13.24%, while QQQ has yielded a comparatively higher 17.95% annualized return.
FSPTX
30.76%
1.17%
13.66%
38.90%
14.31%
13.24%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| FSPTX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.69 | 1.70 |
| Sortino Ratio | 2.23 | 2.29 |
| Omega Ratio | 1.30 | 1.31 |
| Calmar Ratio | 2.42 | 2.19 |
| Martin Ratio | 8.25 | 7.96 |
| Ulcer Index | 4.71% | 3.72% |
| Daily Std Dev | 23.03% | 17.39% |
| Max Drawdown | -84.32% | -82.98% |
| Current Drawdown | -3.27% | -3.42% |
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FSPTX vs. QQQ - Expense Ratio Comparison
FSPTX has a 0.67% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between FSPTX and QQQ is 0.93, 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.
Risk-Adjusted Performance
FSPTX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Technology Portfolio (FSPTX) 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
FSPTX vs. QQQ - Dividend Comparison
FSPTX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPTX Fidelity Select Technology Portfolio | 0.00% | 0.01% | 0.00% | 0.00% | 0.09% | 0.25% | 0.14% | 0.00% | 0.05% | 4.28% | 17.85% | 8.07% |
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% | 1.02% |
Drawdowns
FSPTX vs. QQQ - Drawdown Comparison
The maximum FSPTX drawdown since its inception was -84.32%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FSPTX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FSPTX vs. QQQ - Volatility Comparison
Fidelity Select Technology Portfolio (FSPTX) has a higher volatility of 6.50% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that FSPTX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.