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:
-0.08
QQQ:
0.56
FZAFX:
0.03
QQQ:
0.86
FZAFX:
1.00
QQQ:
1.11
FZAFX:
-0.09
QQQ:
0.78
FZAFX:
-0.26
QQQ:
2.57
FZAFX:
5.75%
QQQ:
4.12%
FZAFX:
19.28%
QQQ:
18.72%
FZAFX:
-36.83%
QQQ:
-82.98%
FZAFX:
-16.70%
QQQ:
-9.51%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FZAFX at -4.50% and QQQ at -4.50%. Over the past 10 years, FZAFX has underperformed QQQ with an annualized return of 8.26%, while QQQ has yielded a comparatively higher 17.28% annualized return.
FZAFX
-4.50%
-6.55%
-6.70%
-0.66%
10.91%
8.26%
QQQ
-4.50%
-6.92%
6.21%
11.92%
19.43%
17.28%
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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 0.58%.
| 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 | 0.58% | 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
The current volatility for Fidelity Advisor Equity Growth Fund Class Z (FZAFX) is 5.64%, while Invesco QQQ (QQQ) has a volatility of 6.18%. This indicates that FZAFX 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.