IVNQX vs. FUMIX

Last updated Jun 25, 2026

IVNQX (Invesco Nasdaq 100 Index Fund) and FUMIX (Fidelity SAI U.S. Momentum Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, IVNQX returned 16.07%/yr vs 16.29%/yr for FUMIX. Their correlation of 0.85 suggests significant overlap in exposure. IVNQX charges 0.29%/yr vs 0.11%/yr for FUMIX.

Performance

IVNQX vs. FUMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq 100 Index Fund (IVNQX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVNQX achieves a 16.42% return, which is significantly lower than FUMIX's 28.11% return.

IVNQX

• 1D: -3.29%
• 1M: -0.42%
• YTD: 16.42%
• 6M: 14.58%
• 1Y: 32.69%
• 3Y*: 25.96%
• 5Y*: 16.07%
• 10Y*: —

FUMIX

• 1D: -3.41%
• 1M: 5.91%
• YTD: 28.11%
• 6M: 25.67%
• 1Y: 34.10%
• 3Y*: 32.09%
• 5Y*: 16.29%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVNQX vs. FUMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IVNQX Invesco Nasdaq 100 Index Fund	16.42%	20.77%	25.43%	54.62%	-32.05%	26.75%	8.46%
FUMIX Fidelity SAI U.S. Momentum Index Fund	28.11%	17.01%	33.39%	14.67%	-15.79%	22.56%	5.54%

Correlation

The correlation between IVNQX and FUMIX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020	0.85

The correlation between IVNQX and FUMIX has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

Return for Risk

IVNQX vs. FUMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVNQX

IVNQX Risk / Return Rank: 53
IVNQX Sharpe Ratio Rank: 52
IVNQX Sortino Ratio Rank: 44
IVNQX Omega Ratio Rank: 47
IVNQX Calmar Ratio Rank: 65
IVNQX Martin Ratio Rank: 58

FUMIX

FUMIX Risk / Return Rank: 61
FUMIX Sharpe Ratio Rank: 50
FUMIX Sortino Ratio Rank: 46
FUMIX Omega Ratio Rank: 49
FUMIX Calmar Ratio Rank: 76
FUMIX Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVNQX vs. FUMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq 100 Index Fund (IVNQX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IVNQX	FUMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.91	+0.03
Sortino ratio: Return per unit of downside risk	2.56	2.62	-0.06
Omega ratio: Gain probability vs. loss probability	1.34	1.35	-0.01
Calmar ratio: Return relative to maximum drawdown	2.93	3.27	-0.33
Martin ratio: Return relative to average drawdown	10.87	14.59	-3.71

IVNQX vs. FUMIX - Sharpe Ratio Comparison

The current IVNQX Sharpe Ratio is 1.95, which is comparable to the FUMIX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of IVNQX and FUMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVNQX vs. FUMIX - Drawdown Comparison

The maximum IVNQX drawdown since its inception was -34.83%, roughly equal to the maximum FUMIX drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for IVNQX and FUMIX.

Drawdown Indicators

	IVNQX	FUMIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.83%	-33.36%	-1.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.95%	-10.99%	-0.96%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-19.90%	-2.80%
Max Drawdown (5Y) Largest decline over 5 years	-34.83%	-27.66%	-7.17%
Current Drawdown Current decline from peak	-4.24%	-3.41%	-0.83%
Average Drawdown Average peak-to-trough decline	-8.17%	-6.29%	-1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	2.45%	+0.76%

Volatility

IVNQX vs. FUMIX - Volatility Comparison

Invesco Nasdaq 100 Index Fund (IVNQX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX) have volatilities of 9.05% and 8.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVNQX	FUMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.05%	8.64%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	14.59%	16.40%	-1.81%
Volatility (1Y) Calculated over the trailing 1-year period	18.04%	18.81%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.79%	21.44%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.58%	21.86%	+0.72%

IVNQX vs. FUMIX - Expense Ratio Comparison

IVNQX has a 0.29% expense ratio, which is higher than FUMIX's 0.11% expense ratio.

Dividends

IVNQX vs. FUMIX - Dividend Comparison

IVNQX's dividend yield for the trailing twelve months is around 1.12%, less than FUMIX's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUMIX Fidelity SAI U.S. Momentum Index Fund	2.17%	2.77%	5.89%	18.09%	2.10%	20.67%	8.68%	2.09%	3.84%	0.88%
IVNQX Invesco Nasdaq 100 Index Fund	1.12%	1.31%	0.72%	0.54%	0.73%	0.84%	0.19%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVNQX and FUMIX in my portfolio?

IVNQX and FUMIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVNQX or FUMIX?

IVNQX has higher volatility (9.05%) compared to FUMIX (8.64%). In terms of maximum drawdown, IVNQX dropped -34.83% vs FUMIX's -33.36%.

Which has better risk-adjusted returns?

IVNQX currently has the higher Sharpe Ratio (1.95 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.