FZALX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and Invesco QQQ ETF (QQQ).
FZALX 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
FZALX vs. QQQ - Performance Comparison
Loading graphics...
FZALX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | -2.10% | 27.07% | 26.13% | 26.63% | -8.89% | 26.44% | 13.06% | 31.25% | -7.31% | 18.01% |
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, FZALX achieves a -2.10% return, which is significantly higher than QQQ's -4.76% return. Over the past 10 years, FZALX has underperformed QQQ with an annualized return of 15.57%, while QQQ has yielded a comparatively higher 18.99% annualized return.
FZALX
- 1D
- 3.12%
- 1M
- -4.71%
- YTD
- -2.10%
- 6M
- 2.52%
- 1Y
- 26.49%
- 3Y*
- 22.61%
- 5Y*
- 15.05%
- 10Y*
- 15.57%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FZALX vs. QQQ - Expense Ratio Comparison
FZALX has a 0.51% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
FZALX vs. QQQ — Risk / Return Rank
FZALX
QQQ
FZALX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) 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.
| FZALX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.07 | +0.41 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.66 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.00 | +0.26 |
Martin ratioReturn relative to average drawdown | 10.48 | 7.32 | +3.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FZALX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.07 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.59 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.86 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.38 | +0.43 |
Correlation
The correlation between FZALX and QQQ is 0.81, 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
FZALX vs. QQQ - Dividend Comparison
FZALX's dividend yield for the trailing twelve months is around 4.12%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | 4.12% | 4.04% | 2.83% | 2.17% | 4.51% | 4.92% | 8.14% | 13.19% | 21.94% | 16.56% | 2.12% | 4.33% |
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
FZALX vs. QQQ - Drawdown Comparison
The maximum FZALX drawdown since its inception was -35.23%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FZALX and QQQ.
Loading graphics...
Drawdown Indicators
| FZALX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.23% | -82.97% | +47.74% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -12.62% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -35.12% | +11.87% |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | -35.12% | -0.11% |
Current DrawdownCurrent decline from peak | -6.15% | -7.86% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -32.99% | +29.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 3.44% | -0.82% |
Volatility
FZALX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) is 5.55%, while Invesco QQQ ETF (QQQ) has a volatility of 6.61%. This indicates that FZALX 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.
Loading graphics...
Volatility by Period
| FZALX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 6.61% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 12.82% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 22.70% | -4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 22.38% | -5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 22.25% | -4.11% |