QQQN vs. FXAIX
Compare and contrast key facts about VictoryShares Nasdaq Next 50 ETF (QQQN) and Fidelity 500 Index Fund (FXAIX).
QQQN is a passively managed fund by Crestview that tracks the performance of the NASDAQ Q-50. It was launched on Sep 10, 2020. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQN or FXAIX.
Correlation
The correlation between QQQN and FXAIX is 0.80, 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.
Performance
QQQN vs. FXAIX - Performance Comparison
Key characteristics
Returns By Period
QQQN
N/A
N/A
N/A
N/A
N/A
N/A
FXAIX
25.57%
0.00%
8.86%
26.21%
14.72%
12.86%
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QQQN vs. FXAIX - Expense Ratio Comparison
QQQN has a 0.18% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
QQQN vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Nasdaq Next 50 ETF (QQQN) and Fidelity 500 Index Fund (FXAIX). 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
QQQN vs. FXAIX - Dividend Comparison
QQQN has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 0.88%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQN VictoryShares Nasdaq Next 50 ETF | 0.74% | 0.64% | 0.90% | 0.33% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 0.88% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
QQQN vs. FXAIX - Drawdown Comparison
Volatility
QQQN vs. FXAIX - Volatility Comparison
The current volatility for VictoryShares Nasdaq Next 50 ETF (QQQN) is 0.00%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.70%. This indicates that QQQN experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.