FZTKX vs. QQQ
Compare and contrast key facts about Fidelity Freedom 2050 Fund Class K6 (FZTKX) and Invesco QQQ (QQQ).
FZTKX is managed by Fidelity. It was launched on Jun 1, 2006. 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: FZTKX or QQQ.
Correlation
The correlation between FZTKX and QQQ is 0.82, 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
FZTKX vs. QQQ - Performance Comparison
Key characteristics
FZTKX:
1.42
QQQ:
1.37
FZTKX:
1.99
QQQ:
1.86
FZTKX:
1.25
QQQ:
1.25
FZTKX:
1.22
QQQ:
1.84
FZTKX:
7.58
QQQ:
6.35
FZTKX:
2.18%
QQQ:
3.92%
FZTKX:
11.70%
QQQ:
18.24%
FZTKX:
-35.36%
QQQ:
-82.98%
FZTKX:
-0.35%
QQQ:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with FZTKX having a 5.80% return and QQQ slightly lower at 5.53%.
FZTKX
5.80%
3.67%
5.39%
17.10%
5.33%
N/A
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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FZTKX vs. QQQ - Expense Ratio Comparison
FZTKX has a 0.50% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FZTKX vs. QQQ — Risk-Adjusted Performance Rank
FZTKX
QQQ
FZTKX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2050 Fund Class K6 (FZTKX) 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
FZTKX vs. QQQ - Dividend Comparison
FZTKX's dividend yield for the trailing twelve months is around 1.59%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZTKX Fidelity Freedom 2050 Fund Class K6 | 1.59% | 1.68% | 1.55% | 2.33% | 2.50% | 1.24% | 1.71% | 2.06% | 1.29% | 0.00% | 0.00% | 0.00% |
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
FZTKX vs. QQQ - Drawdown Comparison
The maximum FZTKX drawdown since its inception was -35.36%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FZTKX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FZTKX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Freedom 2050 Fund Class K6 (FZTKX) is 3.21%, while Invesco QQQ (QQQ) has a volatility of 4.69%. This indicates that FZTKX 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.