FWRAX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Global Real Estate Fund Class A (FWRAX) and Invesco QQQ (QQQ).
FWRAX is managed by Fidelity. It was launched on Aug 11, 2016. 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: FWRAX or QQQ.
Performance
FWRAX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FWRAX achieves a 6.36% return, which is significantly lower than QQQ's 24.04% return.
FWRAX
6.36%
-2.10%
11.54%
17.84%
2.09%
N/A
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| FWRAX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.31 | 1.76 |
| Sortino Ratio | 1.89 | 2.35 |
| Omega Ratio | 1.23 | 1.32 |
| Calmar Ratio | 0.75 | 2.25 |
| Martin Ratio | 4.57 | 8.18 |
| Ulcer Index | 3.90% | 3.74% |
| Daily Std Dev | 13.61% | 17.36% |
| Max Drawdown | -41.27% | -82.98% |
| Current Drawdown | -10.60% | -1.62% |
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FWRAX vs. QQQ - Expense Ratio Comparison
FWRAX has a 1.20% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between FWRAX and QQQ is 0.52, 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.
Risk-Adjusted Performance
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.
Dividends
FWRAX vs. QQQ - Dividend Comparison
FWRAX's dividend yield for the trailing twelve months is around 2.19%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWRAX Fidelity Advisor Global Real Estate Fund Class A | 2.19% | 2.33% | 0.94% | 1.17% | 1.29% | 2.05% | 1.63% | 1.35% | 0.80% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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.
Volatility
FWRAX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Global Real Estate Fund Class A (FWRAX) is 3.71%, while Invesco QQQ (QQQ) has a volatility of 5.36%. 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.