FZALX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and Invesco QQQ (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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZALX or QQQ.
Correlation
The correlation between FZALX and QQQ is 0.79, 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
FZALX vs. QQQ - Performance Comparison
Key characteristics
FZALX:
2.07
QQQ:
1.37
FZALX:
2.81
QQQ:
1.86
FZALX:
1.39
QQQ:
1.25
FZALX:
3.08
QQQ:
1.84
FZALX:
12.71
QQQ:
6.35
FZALX:
1.99%
QQQ:
3.92%
FZALX:
12.24%
QQQ:
18.24%
FZALX:
-42.95%
QQQ:
-82.98%
FZALX:
0.00%
QQQ:
0.00%
Returns By Period
In the year-to-date period, FZALX achieves a 6.36% return, which is significantly higher than QQQ's 5.53% return. Over the past 10 years, FZALX has underperformed QQQ with an annualized return of 7.10%, while QQQ has yielded a comparatively higher 18.38% annualized return.
FZALX
6.36%
2.81%
11.29%
26.25%
13.97%
7.10%
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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FZALX vs. QQQ - Expense Ratio Comparison
FZALX has a 0.51% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FZALX vs. QQQ — Risk-Adjusted Performance Rank
FZALX
QQQ
FZALX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) 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
FZALX vs. QQQ - Dividend Comparison
FZALX's dividend yield for the trailing twelve months is around 1.11%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | 1.11% | 1.18% | 1.16% | 1.46% | 1.86% | 3.09% | 2.16% | 2.36% | 1.80% | 1.63% | 4.32% | 5.63% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FZALX vs. QQQ - Drawdown Comparison
The maximum FZALX drawdown since its inception was -42.95%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FZALX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FZALX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) is 3.49%, while Invesco QQQ (QQQ) has a volatility of 4.69%. 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.