FVWSX vs. QQQ
Compare and contrast key facts about Fidelity Series Opportunistic Insights Fund (FVWSX) and Invesco QQQ (QQQ).
FVWSX is managed by Fidelity. It was launched on Dec 6, 2012. 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: FVWSX or QQQ.
Correlation
The correlation between FVWSX 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
FVWSX vs. QQQ - Performance Comparison
Key characteristics
FVWSX:
1.62
QQQ:
1.34
FVWSX:
2.20
QQQ:
1.83
FVWSX:
1.30
QQQ:
1.24
FVWSX:
1.21
QQQ:
1.78
FVWSX:
7.70
QQQ:
6.25
FVWSX:
3.52%
QQQ:
3.86%
FVWSX:
16.69%
QQQ:
18.07%
FVWSX:
-43.63%
QQQ:
-82.98%
FVWSX:
-9.20%
QQQ:
-6.00%
Returns By Period
In the year-to-date period, FVWSX achieves a 0.08% return, which is significantly higher than QQQ's -1.20% return. Over the past 10 years, FVWSX has underperformed QQQ with an annualized return of 6.01%, while QQQ has yielded a comparatively higher 18.47% annualized return.
FVWSX
0.08%
-2.85%
-0.48%
26.67%
6.00%
6.01%
QQQ
-1.20%
-4.64%
2.07%
24.06%
18.68%
18.47%
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FVWSX vs. QQQ - Expense Ratio Comparison
FVWSX has a 0.00% 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
FVWSX vs. QQQ — Risk-Adjusted Performance Rank
FVWSX
QQQ
FVWSX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Opportunistic Insights Fund (FVWSX) 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
FVWSX vs. QQQ - Dividend Comparison
FVWSX's dividend yield for the trailing twelve months is around 0.72%, more than QQQ's 0.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVWSX Fidelity Series Opportunistic Insights Fund | 0.72% | 0.72% | 1.02% | 1.28% | 0.97% | 0.77% | 0.85% | 0.84% | 0.60% | 0.03% | 1.31% | 3.74% |
QQQ Invesco QQQ | 0.56% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FVWSX vs. QQQ - Drawdown Comparison
The maximum FVWSX drawdown since its inception was -43.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FVWSX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FVWSX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Series Opportunistic Insights Fund (FVWSX) is 4.89%, while Invesco QQQ (QQQ) has a volatility of 5.94%. This indicates that FVWSX 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.