FWIFX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Worldwide Fund Class I (FWIFX) and Invesco QQQ (QQQ).
FWIFX is managed by Fidelity. It was launched on Feb 19, 2009. 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: FWIFX or QQQ.
Correlation
The correlation between FWIFX and QQQ is 0.87, 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
FWIFX vs. QQQ - Performance Comparison
Key characteristics
FWIFX:
0.81
QQQ:
1.58
FWIFX:
1.08
QQQ:
2.13
FWIFX:
1.18
QQQ:
1.28
FWIFX:
0.71
QQQ:
2.13
FWIFX:
3.15
QQQ:
7.44
FWIFX:
5.36%
QQQ:
3.88%
FWIFX:
20.80%
QQQ:
18.24%
FWIFX:
-41.13%
QQQ:
-82.98%
FWIFX:
-13.76%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, FWIFX achieves a 3.36% return, which is significantly higher than QQQ's 2.06% return. Over the past 10 years, FWIFX has underperformed QQQ with an annualized return of 5.79%, while QQQ has yielded a comparatively higher 18.47% annualized return.
FWIFX
3.36%
2.35%
-5.68%
14.47%
4.76%
5.79%
QQQ
2.06%
0.76%
8.50%
24.61%
19.28%
18.47%
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FWIFX vs. QQQ - Expense Ratio Comparison
FWIFX has a 1.02% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FWIFX vs. QQQ — Risk-Adjusted Performance Rank
FWIFX
QQQ
FWIFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Worldwide Fund Class I (FWIFX) 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
FWIFX vs. QQQ - Dividend Comparison
FWIFX's dividend yield for the trailing twelve months is around 0.86%, more than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWIFX Fidelity Advisor Worldwide Fund Class I | 0.86% | 0.89% | 0.93% | 0.74% | 0.44% | 0.07% | 0.66% | 0.40% | 0.67% | 0.85% | 4.38% | 11.54% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FWIFX vs. QQQ - Drawdown Comparison
The maximum FWIFX drawdown since its inception was -41.13%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FWIFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FWIFX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Worldwide Fund Class I (FWIFX) is 5.99%, while Invesco QQQ (QQQ) has a volatility of 6.45%. This indicates that FWIFX 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.