QQ.L vs. FFIDX

Last updated Jun 9, 2026

QQ.L (QinetiQ Group plc) is a stock, while FFIDX (Fidelity Fund) is Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, QQ.L returned 9.42%/yr vs 16.11%/yr for FFIDX. At a 0.18 correlation, their price movements are largely independent.

Performance

QQ.L vs. FFIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in QinetiQ Group plc (QQ.L) and Fidelity Fund (FFIDX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QQ.L is traded in GBp, while FFIDX is traded in USD. To make them comparable, the FFIDX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQ.L achieves a 8.36% return, which is significantly higher than FFIDX's 2.88% return. Over the past 10 years, QQ.L has underperformed FFIDX with an annualized return of 9.42%, while FFIDX has yielded a comparatively higher 16.11% annualized return.

QQ.L

• 1D: 1.06%
• 1M: 12.89%
• YTD: 8.36%
• 6M: 13.56%
• 1Y: -12.02%
• 3Y*: 11.16%
• 5Y*: 8.50%
• 10Y*: 9.42%

FFIDX

• 1D: -0.98%
• 1M: 0.85%
• YTD: 2.88%
• 6M: 2.67%
• 1Y: 20.63%
• 3Y*: 17.95%
• 5Y*: 13.96%
• 10Y*: 16.11%

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

QQ.L vs. FFIDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQ.L QinetiQ Group plc	8.36%	8.34%	37.22%	-11.50%	37.15%	-15.08%	-8.68%	27.80%	27.13%	-9.87%
FFIDX Fidelity Fund	2.88%	11.49%	29.36%	24.38%	-17.06%	34.48%	22.72%	28.38%	0.30%	12.62%

Correlation

The correlation between QQ.L and FFIDX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jul 6, 2007	0.18

The correlation between QQ.L and FFIDX shifts across timeframes, from 0.05 (5 years) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QQ.L vs. FFIDX — Risk / Return Rank

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

QQ.L

QQ.L Risk / Return Rank: 25
QQ.L Sharpe Ratio Rank: 26
QQ.L Sortino Ratio Rank: 24
QQ.L Omega Ratio Rank: 24
QQ.L Calmar Ratio Rank: 27
QQ.L Martin Ratio Rank: 25

FFIDX

FFIDX Risk / Return Rank: 33
FFIDX Sharpe Ratio Rank: 35
FFIDX Sortino Ratio Rank: 33
FFIDX Omega Ratio Rank: 33
FFIDX Calmar Ratio Rank: 29
FFIDX Martin Ratio Rank: 38

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.

QQ.L vs. FFIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QinetiQ Group plc (QQ.L) and Fidelity Fund (FFIDX). 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.

	QQ.L	FFIDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.38	1.82	-2.20
Sortino ratio: Return per unit of downside risk	-0.36	2.47	-2.83
Omega ratio: Gain probability vs. loss probability	0.96	1.33	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.46	2.29	-2.75
Martin ratio: Return relative to average drawdown	-0.89	8.47	-9.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQ.L vs. FFIDX - Sharpe Ratio Comparison

The current QQ.L Sharpe Ratio is -0.38, which is lower than the FFIDX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of QQ.L and FFIDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQ.L	FFIDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.38	1.82	-2.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.77	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.82	-0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.64	-0.37

Drawdowns

QQ.L vs. FFIDX - Drawdown Comparison

The maximum QQ.L drawdown since its inception was -55.68%, which is greater than FFIDX's maximum drawdown of -35.59%. Use the drawdown chart below to compare losses from any high point for QQ.L and FFIDX.

Drawdown Indicators

	QQ.L	FFIDX	Difference
Max Drawdown Largest peak-to-trough decline	-55.68%	-35.59%	-20.09%
Max Drawdown (1Y) Largest decline over 1 year	-25.90%	-9.88%	-16.02%
Max Drawdown (3Y) Largest decline over 3 years	-31.77%	-25.71%	-6.06%
Max Drawdown (5Y) Largest decline over 5 years	-31.77%	-25.71%	-6.06%
Max Drawdown (10Y) Largest decline over 10 years	-38.09%	-25.71%	-12.38%
Current Drawdown Current decline from peak	-15.33%	-1.64%	-13.69%
Average Drawdown Average peak-to-trough decline	-16.92%	-5.82%	-11.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.72%	2.66%	+10.06%

Volatility

QQ.L vs. FFIDX - Volatility Comparison

QinetiQ Group plc (QQ.L) has a higher volatility of 11.81% compared to Fidelity Fund (FFIDX) at 3.10%. This indicates that QQ.L's price experiences larger fluctuations and is considered to be riskier than FFIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQ.L	FFIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.81%	3.10%	+8.71%
Volatility (6M) Calculated over the trailing 6-month period	22.30%	8.51%	+13.79%
Volatility (1Y) Calculated over the trailing 1-year period	31.48%	12.41%	+19.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.20%	18.19%	+13.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.89%	19.59%	+9.30%

Dividends

QQ.L vs. FFIDX - Dividend Comparison

QQ.L's dividend yield for the trailing twelve months is around 1.90%, more than FFIDX's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFIDX Fidelity Fund	1.15%	1.18%	0.00%	2.41%	0.67%	4.60%	2.71%	5.41%	7.40%	11.12%	7.01%	5.48%
QQ.L QinetiQ Group plc	1.90%	2.00%	1.99%	2.49%	2.04%	2.59%	2.06%	1.84%	2.20%	2.60%	2.17%	1.99%

Frequently Asked Questions

Can I hold both QQ.L and FFIDX in my portfolio?

QQ.L and FFIDX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.