Correlation
The correlation between QQJG and FNCMX is 0.87, 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.
QQJG vs. FNCMX
Compare and contrast key facts about Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Fidelity NASDAQ Composite Index Fund (FNCMX).
QQJG is a passively managed fund by Invesco that tracks the performance of the Nasdaq Next Generation 100 ESG Index - Benchmark TR Gross. It was launched on Oct 27, 2021. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQJG or FNCMX.
Performance
QQJG vs. FNCMX - Performance Comparison
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Key characteristics
QQJG:
0.38
FNCMX:
0.57
QQJG:
0.61
FNCMX:
0.87
QQJG:
1.08
FNCMX:
1.12
QQJG:
0.29
FNCMX:
0.54
QQJG:
1.10
FNCMX:
1.75
QQJG:
6.58%
FNCMX:
7.42%
QQJG:
23.25%
FNCMX:
26.13%
QQJG:
-36.76%
FNCMX:
-55.08%
QQJG:
-8.34%
FNCMX:
-5.04%
Returns By Period
In the year-to-date period, QQJG achieves a -1.03% return, which is significantly lower than FNCMX's -0.79% return.
QQJG
-1.03%
6.94%
-4.26%
8.12%
7.13%
N/A
N/A
FNCMX
-0.79%
8.02%
-0.27%
14.90%
17.59%
15.99%
15.20%
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QQJG vs. FNCMX - Expense Ratio Comparison
QQJG has a 0.20% expense ratio, which is lower than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
QQJG vs. FNCMX — Risk-Adjusted Performance Rank
QQJG
FNCMX
QQJG vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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.
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Dividends
QQJG vs. FNCMX - Dividend Comparison
QQJG's dividend yield for the trailing twelve months is around 0.58%, less than FNCMX's 0.61% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
QQJG Invesco ESG NASDAQ Next Gen 100 ETF | 0.58% | 0.65% | 0.54% | 0.70% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.61% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.73% | 1.01% | 1.54% | 1.30% |
Drawdowns
QQJG vs. FNCMX - Drawdown Comparison
The maximum QQJG drawdown since its inception was -36.76%, smaller than the maximum FNCMX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for QQJG and FNCMX.
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Volatility
QQJG vs. FNCMX - Volatility Comparison
Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Fidelity NASDAQ Composite Index Fund (FNCMX) have volatilities of 6.23% and 6.00%, 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.
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