FVIAX vs. IVNQX
Compare and contrast key facts about Fidelity Advisor Government Income Fund Class A (FVIAX) and Invesco Nasdaq 100 Index Fund (IVNQX).
FVIAX is managed by Fidelity. It was launched on Oct 24, 2006. IVNQX is managed by Invesco. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FVIAX or IVNQX.
Key characteristics
| FVIAX | IVNQX | |
|---|---|---|
| YTD Return | 0.52% | 24.65% |
| 1Y Return | 5.71% | 32.73% |
| 3Y Return (Ann) | -3.10% | 9.69% |
| Sharpe Ratio | 0.83 | 1.88 |
| Sortino Ratio | 1.22 | 2.52 |
| Omega Ratio | 1.15 | 1.34 |
| Calmar Ratio | 0.26 | 2.42 |
| Martin Ratio | 2.53 | 8.78 |
| Ulcer Index | 1.93% | 3.74% |
| Daily Std Dev | 5.89% | 17.41% |
| Max Drawdown | -21.37% | -34.83% |
| Current Drawdown | -14.18% | -1.03% |
Correlation
The correlation between FVIAX and IVNQX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FVIAX vs. IVNQX - Performance Comparison
In the year-to-date period, FVIAX achieves a 0.52% return, which is significantly lower than IVNQX's 24.65% 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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FVIAX vs. IVNQX - Expense Ratio Comparison
FVIAX has a 0.77% expense ratio, which is higher than IVNQX's 0.29% expense ratio.
Risk-Adjusted Performance
FVIAX vs. IVNQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class A (FVIAX) and Invesco Nasdaq 100 Index Fund (IVNQX). 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
FVIAX vs. IVNQX - Dividend Comparison
FVIAX's dividend yield for the trailing twelve months is around 2.89%, more than IVNQX's 0.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVIAX Fidelity Advisor Government Income Fund Class A | 2.89% | 2.23% | 1.17% | 0.48% | 0.79% | 1.78% | 1.76% | 1.47% | 1.32% | 2.12% | 1.57% | 1.13% |
IVNQX Invesco Nasdaq 100 Index Fund | 0.53% | 0.54% | 0.73% | 0.39% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FVIAX vs. IVNQX - Drawdown Comparison
The maximum FVIAX drawdown since its inception was -21.37%, smaller than the maximum IVNQX drawdown of -34.83%. Use the drawdown chart below to compare losses from any high point for FVIAX and IVNQX. For additional features, visit the drawdowns tool.
Volatility
FVIAX vs. IVNQX - Volatility Comparison
The current volatility for Fidelity Advisor Government Income Fund Class A (FVIAX) is 1.68%, while Invesco Nasdaq 100 Index Fund (IVNQX) has a volatility of 4.97%. This indicates that FVIAX experiences smaller price fluctuations and is considered to be less risky than IVNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.