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 0.92, 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:
0.04
QQQ:
0.48
FZADX:
0.21
QQQ:
0.83
FZADX:
1.03
QQQ:
1.12
FZADX:
0.04
QQQ:
0.53
FZADX:
0.12
QQQ:
1.76
FZADX:
7.82%
QQQ:
6.79%
FZADX:
22.90%
QQQ:
25.19%
FZADX:
-47.36%
QQQ:
-82.98%
FZADX:
-14.44%
QQQ:
-10.59%
Returns By Period
In the year-to-date period, FZADX achieves a -4.51% return, which is significantly higher than QQQ's -5.64% return. Over the past 10 years, FZADX has underperformed QQQ with an annualized return of 3.49%, while QQQ has yielded a comparatively higher 16.95% annualized return.
FZADX
-4.51%
0.00%
-9.08%
3.13%
12.09%
3.49%
QQQ
-5.64%
1.90%
-0.14%
14.97%
18.56%
16.95%
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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 0.87%, more than QQQ's 0.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZADX Fidelity Advisor Dividend Growth Fund Class Z | 0.87% | 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 | 0.62% | 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
The current volatility for Fidelity Advisor Dividend Growth Fund Class Z (FZADX) is 14.38%, while Invesco QQQ (QQQ) has a volatility of 16.67%. This indicates that FZADX 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.