FZAFX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Equity Growth Fund Class Z (FZAFX) and Invesco QQQ (QQQ).
FZAFX 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: FZAFX or QQQ.
Correlation
The correlation between FZAFX and QQQ is 0.94, 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
FZAFX vs. QQQ - Performance Comparison
Key characteristics
FZAFX:
0.79
QQQ:
1.28
FZAFX:
1.08
QQQ:
1.76
FZAFX:
1.16
QQQ:
1.23
FZAFX:
1.17
QQQ:
1.74
FZAFX:
3.51
QQQ:
6.05
FZAFX:
4.33%
QQQ:
3.91%
FZAFX:
19.23%
QQQ:
18.45%
FZAFX:
-36.83%
QQQ:
-82.98%
FZAFX:
-10.57%
QQQ:
-3.07%
Returns By Period
In the year-to-date period, FZAFX achieves a 2.53% return, which is significantly higher than QQQ's 1.88% return. Over the past 10 years, FZAFX has underperformed QQQ with an annualized return of 9.59%, while QQQ has yielded a comparatively higher 18.80% annualized return.
FZAFX
2.53%
1.84%
0.08%
14.31%
11.27%
9.59%
QQQ
1.88%
1.01%
10.90%
23.19%
19.76%
18.80%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FZAFX vs. QQQ - Expense Ratio Comparison
FZAFX has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FZAFX vs. QQQ — Risk-Adjusted Performance Rank
FZAFX
QQQ
FZAFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class Z (FZAFX) 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
FZAFX vs. QQQ - Dividend Comparison
FZAFX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAFX Fidelity Advisor Equity Growth Fund Class Z | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FZAFX vs. QQQ - Drawdown Comparison
The maximum FZAFX drawdown since its inception was -36.83%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FZAFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FZAFX vs. QQQ - Volatility Comparison
Fidelity Advisor Equity Growth Fund Class Z (FZAFX) and Invesco QQQ (QQQ) have volatilities of 6.17% and 6.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.