FVIAX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Government Income Fund Class A (FVIAX) and Invesco QQQ (QQQ).
FVIAX is managed by Fidelity. It was launched on Oct 24, 2006. 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: FVIAX or QQQ.
Key characteristics
| FVIAX | QQQ | |
|---|---|---|
| YTD Return | 0.52% | 24.75% |
| 1Y Return | 5.71% | 32.82% |
| 3Y Return (Ann) | -3.10% | 9.58% |
| 5Y Return (Ann) | -1.48% | 21.02% |
| 10Y Return (Ann) | 0.16% | 18.32% |
| Sharpe Ratio | 0.83 | 1.91 |
| Sortino Ratio | 1.22 | 2.55 |
| Omega Ratio | 1.15 | 1.35 |
| Calmar Ratio | 0.26 | 2.43 |
| Martin Ratio | 2.53 | 8.85 |
| Ulcer Index | 1.93% | 3.72% |
| Daily Std Dev | 5.89% | 17.21% |
| Max Drawdown | -21.37% | -82.98% |
| Current Drawdown | -14.18% | -1.06% |
Correlation
The correlation between FVIAX and QQQ is -0.20. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FVIAX vs. QQQ - Performance Comparison
In the year-to-date period, FVIAX achieves a 0.52% return, which is significantly lower than QQQ's 24.75% return. Over the past 10 years, FVIAX has underperformed QQQ with an annualized return of 0.16%, while QQQ has yielded a comparatively higher 18.32% 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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FVIAX vs. QQQ - Expense Ratio Comparison
FVIAX has a 0.77% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FVIAX vs. QQQ - 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 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
FVIAX vs. QQQ - Dividend Comparison
FVIAX's dividend yield for the trailing twelve months is around 2.89%, more than QQQ's 0.60% 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% |
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
FVIAX vs. QQQ - Drawdown Comparison
The maximum FVIAX drawdown since its inception was -21.37%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FVIAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FVIAX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Government Income Fund Class A (FVIAX) is 1.68%, while Invesco QQQ (QQQ) has a volatility of 4.99%. This indicates that FVIAX 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.