FZAFX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Equity Growth Fund Class Z (FZAFX) and Invesco QQQ ETF (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.
Performance
FZAFX vs. QQQ - Performance Comparison
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FZAFX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAFX Fidelity Advisor Equity Growth Fund Class Z | -5.39% | 14.68% | 18.15% | 35.80% | -24.36% | 23.09% | 43.86% | 35.68% | 0.36% | 35.37% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, FZAFX achieves a -5.39% return, which is significantly lower than QQQ's -4.76% return. Over the past 10 years, FZAFX has underperformed QQQ with an annualized return of 16.19%, while QQQ has yielded a comparatively higher 18.99% annualized return.
FZAFX
- 1D
- 4.31%
- 1M
- -5.39%
- YTD
- -5.39%
- 6M
- -4.84%
- 1Y
- 17.55%
- 3Y*
- 16.46%
- 5Y*
- 9.11%
- 10Y*
- 16.19%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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FZAFX vs. QQQ - Expense Ratio Comparison
FZAFX has a 0.60% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
FZAFX vs. QQQ — Risk / Return Rank
FZAFX
QQQ
FZAFX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class Z (FZAFX) and Invesco QQQ ETF (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.
| FZAFX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.07 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.66 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.00 | -0.57 |
Martin ratioReturn relative to average drawdown | 5.02 | 7.32 | -2.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FZAFX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.07 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.59 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.86 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.38 | +0.39 |
Correlation
The correlation between FZAFX and QQQ is 0.95, 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.
Dividends
FZAFX vs. QQQ - Dividend Comparison
FZAFX's dividend yield for the trailing twelve months is around 0.54%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAFX Fidelity Advisor Equity Growth Fund Class Z | 0.54% | 0.51% | 0.00% | 0.48% | 1.93% | 11.39% | 10.84% | 9.53% | 6.38% | 11.66% | 5.87% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
FZAFX vs. QQQ - Drawdown Comparison
The maximum FZAFX drawdown since its inception was -31.13%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FZAFX and QQQ.
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Drawdown Indicators
| FZAFX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.13% | -82.97% | +51.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -12.62% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -29.73% | -35.12% | +5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -31.13% | -35.12% | +3.99% |
Current DrawdownCurrent decline from peak | -8.78% | -7.86% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -32.99% | +27.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 3.44% | +0.18% |
Volatility
FZAFX vs. QQQ - Volatility Comparison
Fidelity Advisor Equity Growth Fund Class Z (FZAFX) has a higher volatility of 7.78% compared to Invesco QQQ ETF (QQQ) at 6.61%. This indicates that FZAFX'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.
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Volatility by Period
| FZAFX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 6.61% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 12.82% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.83% | 22.70% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 22.38% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.70% | 22.25% | -1.55% |