FUMIX vs. QQQ
Compare and contrast key facts about Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Invesco QQQ (QQQ).
FUMIX is managed by Fidelity. It was launched on Feb 9, 2017. 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: FUMIX or QQQ.
Performance
FUMIX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FUMIX achieves a 36.25% return, which is significantly higher than QQQ's 24.04% return.
FUMIX
36.25%
2.26%
12.35%
42.72%
16.70%
N/A
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| FUMIX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.47 | 1.76 |
| Sortino Ratio | 3.29 | 2.35 |
| Omega Ratio | 1.44 | 1.32 |
| Calmar Ratio | 3.45 | 2.25 |
| Martin Ratio | 14.46 | 8.18 |
| Ulcer Index | 2.96% | 3.74% |
| Daily Std Dev | 17.28% | 17.36% |
| Max Drawdown | -33.36% | -82.98% |
| Current Drawdown | -0.17% | -1.62% |
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FUMIX vs. QQQ - Expense Ratio Comparison
FUMIX has a 0.11% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FUMIX 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.
Risk-Adjusted Performance
FUMIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) 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
FUMIX vs. QQQ - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 0.56%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 0.56% | 0.80% | 2.10% | 0.61% | 1.06% | 1.54% | 1.02% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FUMIX vs. QQQ - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -33.36%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FUMIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FUMIX vs. QQQ - Volatility Comparison
The current volatility for Fidelity SAI U.S. Momentum Index Fund (FUMIX) is 3.88%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that FUMIX 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.