FZADX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Dividend Growth Fund Class Z (FZADX) and Invesco QQQ (QQQ).
FZADX is managed by Fidelity. It was launched on Aug 13, 2013. 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: FZADX or QQQ.
Correlation
The correlation between FZADX and QQQ is 0.78, 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
FZADX vs. QQQ - Performance Comparison
Key characteristics
FZADX:
1.51
QQQ:
1.58
FZADX:
1.94
QQQ:
2.13
FZADX:
1.29
QQQ:
1.28
FZADX:
2.40
QQQ:
2.13
FZADX:
8.02
QQQ:
7.44
FZADX:
3.11%
QQQ:
3.88%
FZADX:
16.55%
QQQ:
18.24%
FZADX:
-47.36%
QQQ:
-82.98%
FZADX:
-6.42%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, FZADX achieves a 4.43% return, which is significantly higher than QQQ's 2.06% return. Over the past 10 years, FZADX has underperformed QQQ with an annualized return of 4.97%, while QQQ has yielded a comparatively higher 18.75% annualized return.
FZADX
4.43%
-2.11%
3.36%
23.87%
7.71%
4.97%
QQQ
2.06%
1.18%
10.12%
27.08%
19.30%
18.75%
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FZADX vs. QQQ - Expense Ratio Comparison
FZADX has a 0.45% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FZADX vs. QQQ — Risk-Adjusted Performance Rank
FZADX
QQQ
FZADX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Dividend Growth Fund Class Z (FZADX) 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
FZADX vs. QQQ - Dividend Comparison
FZADX's dividend yield for the trailing twelve months is around 0.96%, more than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZADX Fidelity Advisor Dividend Growth Fund Class Z | 0.96% | 1.01% | 1.34% | 2.01% | 0.93% | 1.67% | 1.70% | 2.33% | 1.82% | 1.47% | 2.20% | 10.63% |
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
FZADX vs. QQQ - Drawdown Comparison
The maximum FZADX drawdown since its inception was -47.36%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FZADX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FZADX vs. QQQ - Volatility Comparison
Fidelity Advisor Dividend Growth Fund Class Z (FZADX) has a higher volatility of 9.03% compared to Invesco QQQ (QQQ) at 6.45%. This indicates that FZADX'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.