Correlation
The correlation between QQQN and FXAIX is 0.75, 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.
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.
Performance
QQQN vs. FXAIX - Performance Comparison
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Key characteristics
Returns By Period
QQQN
N/A
N/A
N/A
N/A
N/A
N/A
N/A
FXAIX
1.34%
5.62%
-1.07%
13.84%
14.51%
16.00%
12.68%
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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 Rank
QQQN
FXAIX
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.
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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 1.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQN VictoryShares Nasdaq Next 50 ETF | 0.38% | 0.72% | 0.64% | 0.90% | 0.33% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.55% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.08% |
Drawdowns
QQQN vs. FXAIX - Drawdown Comparison
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Volatility
QQQN vs. FXAIX - Volatility Comparison
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