FTQGX vs. QQQ
Compare and contrast key facts about Fidelity Focused Stock Fund (FTQGX) and Invesco QQQ (QQQ).
FTQGX is managed by Fidelity. It was launched on Nov 12, 1996. 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: FTQGX or QQQ.
Key characteristics
| FTQGX | QQQ | |
|---|---|---|
| YTD Return | 41.53% | 25.63% |
| 1Y Return | 45.75% | 33.85% |
| 3Y Return (Ann) | 2.79% | 9.83% |
| 5Y Return (Ann) | 10.87% | 21.21% |
| 10Y Return (Ann) | 9.68% | 18.37% |
| Sharpe Ratio | 2.49 | 2.12 |
| Sortino Ratio | 3.29 | 2.79 |
| Omega Ratio | 1.45 | 1.38 |
| Calmar Ratio | 1.74 | 2.71 |
| Martin Ratio | 13.83 | 9.88 |
| Ulcer Index | 3.48% | 3.72% |
| Daily Std Dev | 19.33% | 17.31% |
| Max Drawdown | -61.00% | -82.98% |
| Current Drawdown | -1.24% | -0.37% |
Correlation
The correlation between FTQGX and QQQ is 0.86, 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
FTQGX vs. QQQ - Performance Comparison
In the year-to-date period, FTQGX achieves a 41.53% return, which is significantly higher than QQQ's 25.63% return. Over the past 10 years, FTQGX has underperformed QQQ with an annualized return of 9.68%, while QQQ has yielded a comparatively higher 18.37% 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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FTQGX vs. QQQ - Expense Ratio Comparison
FTQGX has a 0.86% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FTQGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Focused Stock Fund (FTQGX) 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
FTQGX vs. QQQ - Dividend Comparison
FTQGX's dividend yield for the trailing twelve months is around 0.43%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTQGX Fidelity Focused Stock Fund | 0.43% | 0.61% | 0.85% | 0.00% | 0.02% | 0.08% | 0.13% | 0.45% | 0.56% | 6.16% | 10.44% | 5.74% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FTQGX vs. QQQ - Drawdown Comparison
The maximum FTQGX drawdown since its inception was -61.00%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FTQGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FTQGX vs. QQQ - Volatility Comparison
Fidelity Focused Stock Fund (FTQGX) and Invesco QQQ (QQQ) have volatilities of 4.89% and 4.91%, 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.