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FWRAX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FWRAX and QQQ is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

FWRAX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Global Real Estate Fund Class A (FWRAX) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%NovemberDecember2025FebruaryMarchApril
21.73%
310.01%
FWRAX
QQQ

Key characteristics

Sharpe Ratio

FWRAX:

0.35

QQQ:

0.14

Sortino Ratio

FWRAX:

0.56

QQQ:

0.31

Omega Ratio

FWRAX:

1.07

QQQ:

1.04

Calmar Ratio

FWRAX:

0.21

QQQ:

0.17

Martin Ratio

FWRAX:

0.76

QQQ:

0.53

Ulcer Index

FWRAX:

6.31%

QQQ:

5.24%

Daily Std Dev

FWRAX:

13.62%

QQQ:

20.34%

Max Drawdown

FWRAX:

-41.27%

QQQ:

-82.98%

Current Drawdown

FWRAX:

-14.44%

QQQ:

-16.35%

Returns By Period

In the year-to-date period, FWRAX achieves a 0.96% return, which is significantly higher than QQQ's -11.72% return.


FWRAX

YTD

0.96%

1M

-2.60%

6M

-7.59%

1Y

4.98%

5Y*

8.22%

10Y*

N/A

QQQ

YTD

-11.72%

1M

-8.92%

6M

-6.13%

1Y

2.56%

5Y*

20.53%

10Y*

16.52%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FWRAX vs. QQQ - Expense Ratio Comparison

FWRAX has a 1.20% expense ratio, which is higher than QQQ's 0.20% expense ratio.


FWRAX
Fidelity Advisor Global Real Estate Fund Class A
Expense ratio chart for FWRAX: current value is 1.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FWRAX: 1.20%
Expense ratio chart for QQQ: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQQ: 0.20%

Risk-Adjusted Performance

FWRAX vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FWRAX
The Risk-Adjusted Performance Rank of FWRAX is 4545
Overall Rank
The Sharpe Ratio Rank of FWRAX is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of FWRAX is 4747
Sortino Ratio Rank
The Omega Ratio Rank of FWRAX is 4646
Omega Ratio Rank
The Calmar Ratio Rank of FWRAX is 4444
Calmar Ratio Rank
The Martin Ratio Rank of FWRAX is 4040
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 2525
Overall Rank
The Sharpe Ratio Rank of QQQ is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 2323
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 2424
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 2828
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 2525
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FWRAX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Real Estate Fund Class A (FWRAX) 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.


Sharpe ratio
The chart of Sharpe ratio for FWRAX, currently valued at 0.35, compared to the broader market-1.000.001.002.003.004.00
FWRAX: 0.35
QQQ: 0.14
The chart of Sortino ratio for FWRAX, currently valued at 0.56, compared to the broader market-2.000.002.004.006.008.0010.00
FWRAX: 0.56
QQQ: 0.31
The chart of Omega ratio for FWRAX, currently valued at 1.07, compared to the broader market1.002.003.00
FWRAX: 1.07
QQQ: 1.04
The chart of Calmar ratio for FWRAX, currently valued at 0.21, compared to the broader market0.005.0010.0015.0020.00
FWRAX: 0.21
QQQ: 0.17
The chart of Martin ratio for FWRAX, currently valued at 0.76, compared to the broader market0.0020.0040.0060.00
FWRAX: 0.76
QQQ: 0.53

The current FWRAX Sharpe Ratio is 0.35, which is higher than the QQQ Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of FWRAX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
0.35
0.14
FWRAX
QQQ

Dividends

FWRAX vs. QQQ - Dividend Comparison

FWRAX's dividend yield for the trailing twelve months is around 2.37%, more than QQQ's 0.66% yield.


TTM20242023202220212020201920182017201620152014
FWRAX
Fidelity Advisor Global Real Estate Fund Class A
2.37%2.39%2.33%0.94%1.17%1.29%2.05%1.63%1.35%0.80%0.00%0.00%
QQQ
Invesco QQQ
0.66%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

FWRAX vs. QQQ - Drawdown Comparison

The maximum FWRAX drawdown since its inception was -41.27%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FWRAX and QQQ. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-14.44%
-16.35%
FWRAX
QQQ

Volatility

FWRAX vs. QQQ - Volatility Comparison

The current volatility for Fidelity Advisor Global Real Estate Fund Class A (FWRAX) is 4.78%, while Invesco QQQ (QQQ) has a volatility of 9.26%. This indicates that FWRAX 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.


2.00%4.00%6.00%8.00%10.00%NovemberDecember2025FebruaryMarchApril
4.78%
9.26%
FWRAX
QQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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