IVNQX vs. FVIAX
Compare and contrast key facts about Invesco Nasdaq 100 Index Fund (IVNQX) and Fidelity Advisor Government Income Fund Class A (FVIAX).
IVNQX is managed by Invesco. It was launched on Oct 13, 2020. FVIAX is managed by Fidelity. It was launched on Oct 24, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVNQX or FVIAX.
Key characteristics
| IVNQX | FVIAX | |
|---|---|---|
| YTD Return | 24.65% | 0.52% |
| 1Y Return | 32.73% | 5.71% |
| 3Y Return (Ann) | 9.69% | -3.10% |
| Sharpe Ratio | 1.88 | 0.83 |
| Sortino Ratio | 2.52 | 1.22 |
| Omega Ratio | 1.34 | 1.15 |
| Calmar Ratio | 2.42 | 0.26 |
| Martin Ratio | 8.78 | 2.53 |
| Ulcer Index | 3.74% | 1.93% |
| Daily Std Dev | 17.41% | 5.89% |
| Max Drawdown | -34.83% | -21.37% |
| Current Drawdown | -1.03% | -14.18% |
Correlation
The correlation between IVNQX and FVIAX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IVNQX vs. FVIAX - Performance Comparison
In the year-to-date period, IVNQX achieves a 24.65% return, which is significantly higher than FVIAX's 0.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IVNQX vs. FVIAX - Expense Ratio Comparison
IVNQX has a 0.29% expense ratio, which is lower than FVIAX's 0.77% expense ratio.
Risk-Adjusted Performance
IVNQX vs. FVIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq 100 Index Fund (IVNQX) and Fidelity Advisor Government Income Fund Class A (FVIAX). 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
IVNQX vs. FVIAX - Dividend Comparison
IVNQX's dividend yield for the trailing twelve months is around 0.53%, less than FVIAX's 2.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVNQX Invesco Nasdaq 100 Index Fund | 0.53% | 0.54% | 0.73% | 0.39% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FVIAX Fidelity Advisor Government Income Fund Class A | 2.89% | 2.23% | 1.17% | 0.48% | 0.79% | 1.78% | 1.76% | 1.47% | 1.32% | 2.12% | 1.57% | 1.13% |
Drawdowns
IVNQX vs. FVIAX - Drawdown Comparison
The maximum IVNQX drawdown since its inception was -34.83%, which is greater than FVIAX's maximum drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for IVNQX and FVIAX. For additional features, visit the drawdowns tool.
Volatility
IVNQX vs. FVIAX - Volatility Comparison
Invesco Nasdaq 100 Index Fund (IVNQX) has a higher volatility of 4.97% compared to Fidelity Advisor Government Income Fund Class A (FVIAX) at 1.68%. This indicates that IVNQX's price experiences larger fluctuations and is considered to be riskier than FVIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.