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.
Key characteristics
| FZADX | QQQ | |
|---|---|---|
| YTD Return | 30.94% | 26.09% |
| 1Y Return | 44.80% | 39.88% |
| 3Y Return (Ann) | 11.22% | 9.90% |
| 5Y Return (Ann) | 12.83% | 21.46% |
| 10Y Return (Ann) | 10.45% | 18.52% |
| Sharpe Ratio | 3.07 | 2.22 |
| Sortino Ratio | 4.06 | 2.92 |
| Omega Ratio | 1.57 | 1.40 |
| Calmar Ratio | 4.48 | 2.86 |
| Martin Ratio | 20.13 | 10.44 |
| Ulcer Index | 2.19% | 3.72% |
| Daily Std Dev | 14.34% | 17.47% |
| Max Drawdown | -41.31% | -82.98% |
| Current Drawdown | 0.00% | 0.00% |
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
In the year-to-date period, FZADX achieves a 30.94% return, which is significantly higher than QQQ's 26.09% return. Over the past 10 years, FZADX has underperformed QQQ with an annualized return of 10.45%, while QQQ has yielded a comparatively higher 18.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 1.06%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZADX Fidelity Advisor Dividend Growth Fund Class Z | 1.06% | 1.34% | 2.01% | 0.93% | 1.67% | 1.70% | 2.33% | 1.82% | 1.47% | 2.20% | 10.63% | 0.92% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FZADX vs. QQQ - Drawdown Comparison
The maximum FZADX drawdown since its inception was -41.31%, 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 4.41%, while Invesco QQQ (QQQ) has a volatility of 5.17%. 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.