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

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Dividend Growth Fund Class Z (FZADX) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FZADX:

0.16

QQQ:

0.64

Sortino Ratio

FZADX:

0.34

QQQ:

1.04

Omega Ratio

FZADX:

1.05

QQQ:

1.15

Calmar Ratio

FZADX:

0.13

QQQ:

0.70

Martin Ratio

FZADX:

0.38

QQQ:

2.29

Ulcer Index

FZADX:

8.19%

QQQ:

6.99%

Daily Std Dev

FZADX:

23.02%

QQQ:

25.51%

Max Drawdown

FZADX:

-47.36%

QQQ:

-82.98%

Current Drawdown

FZADX:

-8.07%

QQQ:

-3.10%

Returns By Period

In the year-to-date period, FZADX achieves a 2.59% return, which is significantly higher than QQQ's 2.26% return. Over the past 10 years, FZADX has underperformed QQQ with an annualized return of 4.09%, while QQQ has yielded a comparatively higher 17.72% annualized return.


FZADX

YTD

2.59%

1M

13.87%

6M

-5.06%

1Y

3.57%

3Y*

10.15%

5Y*

12.94%

10Y*

4.09%

QQQ

YTD

2.26%

1M

17.54%

6M

4.72%

1Y

16.26%

3Y*

22.66%

5Y*

18.41%

10Y*

17.72%

*Annualized

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Invesco QQQ

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

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

FZADX
The Risk-Adjusted Performance Rank of FZADX is 2727
Overall Rank
The Sharpe Ratio Rank of FZADX is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of FZADX is 2727
Sortino Ratio Rank
The Omega Ratio Rank of FZADX is 2828
Omega Ratio Rank
The Calmar Ratio Rank of FZADX is 2828
Calmar Ratio Rank
The Martin Ratio Rank of FZADX is 2626
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 6262
Overall Rank
The Sharpe Ratio Rank of QQQ is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 6161
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 6161
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6666
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5959
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.

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.


The current FZADX Sharpe Ratio is 0.16, which is lower than the QQQ Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of FZADX 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.


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Dividends

FZADX vs. QQQ - Dividend Comparison

FZADX's dividend yield for the trailing twelve months is around 0.81%, more than QQQ's 0.57% yield.


TTM20242023202220212020201920182017201620152014
FZADX
Fidelity Advisor Dividend Growth Fund Class Z
0.81%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
0.57%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.


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Volatility

FZADX vs. QQQ - Volatility Comparison

The current volatility for Fidelity Advisor Dividend Growth Fund Class Z (FZADX) is 5.30%, while Invesco QQQ (QQQ) has a volatility of 6.48%. 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.


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