FUQIX vs. QQQ
Compare and contrast key facts about Fidelity SAI U.S. Quality Index Fund (FUQIX) and Invesco QQQ (QQQ).
FUQIX is managed by Fidelity. It was launched on Oct 8, 2015. 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: FUQIX or QQQ.
Key characteristics
| FUQIX | QQQ | |
|---|---|---|
| YTD Return | 9.92% | 16.41% |
| 1Y Return | 20.00% | 26.86% |
| 3Y Return (Ann) | 7.82% | 8.93% |
| 5Y Return (Ann) | 14.77% | 20.65% |
| Sharpe Ratio | 1.13 | 1.57 |
| Daily Std Dev | 17.02% | 17.78% |
| Max Drawdown | -31.19% | -82.98% |
| Current Drawdown | -11.04% | -5.49% |
Correlation
The correlation between FUQIX and QQQ is 0.92, 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
FUQIX vs. QQQ - Performance Comparison
In the year-to-date period, FUQIX achieves a 9.92% return, which is significantly lower than QQQ's 16.41% 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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FUQIX vs. QQQ - Expense Ratio Comparison
FUQIX has a 0.10% 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%.
Risk-Adjusted Performance
FUQIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Quality Index Fund (FUQIX) 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
FUQIX vs. QQQ - Dividend Comparison
FUQIX's dividend yield for the trailing twelve months is around 1.36%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUQIX Fidelity SAI U.S. Quality Index Fund | 1.36% | 2.38% | 1.42% | 8.55% | 9.46% | 13.68% | 2.41% | 3.79% | 1.57% | 0.29% | 0.00% | 0.00% |
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
FUQIX vs. QQQ - Drawdown Comparison
The maximum FUQIX drawdown since its inception was -31.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FUQIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FUQIX vs. QQQ - Volatility Comparison
Fidelity SAI U.S. Quality Index Fund (FUQIX) has a higher volatility of 10.52% compared to Invesco QQQ (QQQ) at 6.53%. This indicates that FUQIX'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.