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:
0.55
QQQ:
1.44
FWIFX:
0.79
QQQ:
1.95
FWIFX:
1.13
QQQ:
1.26
FWIFX:
0.65
QQQ:
1.94
FWIFX:
1.84
QQQ:
6.71
FWIFX:
6.39%
QQQ:
3.92%
FWIFX:
21.19%
QQQ:
18.27%
FWIFX:
-41.13%
QQQ:
-82.98%
FWIFX:
-11.27%
QQQ:
0.00%
Returns By Period
In the year-to-date period, FWIFX achieves a 6.35% return, which is significantly higher than QQQ's 5.27% return. Over the past 10 years, FWIFX has underperformed QQQ with an annualized return of 5.75%, while QQQ has yielded a comparatively higher 18.44% annualized return.
FWIFX
6.35%
2.89%
-1.87%
9.70%
5.00%
5.75%
QQQ
5.27%
3.15%
13.63%
25.73%
18.87%
18.44%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 0.83%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWIFX Fidelity Advisor Worldwide Fund Class I | 0.83% | 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 | 0.53% | 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
Fidelity Advisor Worldwide Fund Class I (FWIFX) has a higher volatility of 6.00% compared to Invesco QQQ (QQQ) at 5.01%. 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.