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:
0.72
QQQ:
1.64
FWIFX:
0.97
QQQ:
2.19
FWIFX:
1.16
QQQ:
1.30
FWIFX:
0.87
QQQ:
2.16
FWIFX:
4.09
QQQ:
7.79
FWIFX:
3.66%
QQQ:
3.76%
FWIFX:
20.92%
QQQ:
17.85%
FWIFX:
-33.71%
QQQ:
-82.98%
FWIFX:
-16.38%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, FWIFX achieves a 12.80% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, FWIFX has underperformed QQQ with an annualized return of 10.29%, while QQQ has yielded a comparatively higher 18.36% annualized return.
FWIFX
12.80%
-12.56%
-7.66%
13.39%
10.32%
10.29%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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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 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 0.03%, less than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWIFX Fidelity Advisor Worldwide Fund Class I | 0.03% | 0.93% | 0.74% | 0.44% | 0.07% | 0.66% | 0.40% | 0.67% | 0.85% | 4.38% | 11.54% | 8.79% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FWIFX vs. QQQ - Drawdown Comparison
The maximum FWIFX drawdown since its inception was -33.71%, 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
Fidelity Advisor Worldwide Fund Class I (FWIFX) has a higher volatility of 14.01% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that FWIFX'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.