QOWZ vs. FCNTX
Compare and contrast key facts about Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and Fidelity Contrafund Fund (FCNTX).
QOWZ is a passively managed fund by Invesco that tracks the performance of the Nasdaq US Free Cash Flow Achievers Index - Benchmark TR Gross. It was launched on Dec 4, 2023. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Performance
QOWZ vs. FCNTX - Performance Comparison
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QOWZ vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | -11.99% | 7.24% | 33.16% | 6.47% |
FCNTX Fidelity Contrafund Fund | -8.57% | 21.76% | 36.00% | 4.73% |
Returns By Period
In the year-to-date period, QOWZ achieves a -11.99% return, which is significantly lower than FCNTX's -8.57% return.
QOWZ
- 1D
- 2.30%
- 1M
- -6.09%
- YTD
- -11.99%
- 6M
- -13.63%
- 1Y
- 0.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCNTX
- 1D
- -0.22%
- 1M
- -9.40%
- YTD
- -8.57%
- 6M
- -6.17%
- 1Y
- 16.04%
- 3Y*
- 23.48%
- 5Y*
- 12.82%
- 10Y*
- 15.63%
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QOWZ vs. FCNTX - Expense Ratio Comparison
Both QOWZ and FCNTX have an expense ratio of 0.39%.
Return for Risk
QOWZ vs. FCNTX — Risk / Return Rank
QOWZ
FCNTX
QOWZ vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and Fidelity Contrafund Fund (FCNTX). 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.
| QOWZ | FCNTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | 0.83 | -0.78 |
Sortino ratioReturn per unit of downside risk | 0.22 | 1.30 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.18 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.07 | 1.17 | -1.10 |
Martin ratioReturn relative to average drawdown | 0.23 | 4.57 | -4.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QOWZ | FCNTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 0.83 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.76 | -0.06 |
Correlation
The correlation between QOWZ and FCNTX is 0.83, 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
QOWZ vs. FCNTX - Dividend Comparison
QOWZ's dividend yield for the trailing twelve months is around 0.29%, less than FCNTX's 5.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | 0.29% | 0.28% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCNTX Fidelity Contrafund Fund | 5.10% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
Drawdowns
QOWZ vs. FCNTX - Drawdown Comparison
The maximum QOWZ drawdown since its inception was -20.36%, smaller than the maximum FCNTX drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for QOWZ and FCNTX.
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Drawdown Indicators
| QOWZ | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.36% | -49.19% | +28.83% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -11.30% | -6.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.59% | — |
Current DrawdownCurrent decline from peak | -15.34% | -11.30% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -8.18% | +4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 2.90% | +2.48% |
Volatility
QOWZ vs. FCNTX - Volatility Comparison
Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) has a higher volatility of 5.46% compared to Fidelity Contrafund Fund (FCNTX) at 5.19%. This indicates that QOWZ's price experiences larger fluctuations and is considered to be riskier than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QOWZ | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 5.19% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.37% | 10.56% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.04% | 19.69% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.43% | 19.13% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 19.61% | -0.18% |