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.
Key characteristics
| QQQN | FXAIX | |
|---|---|---|
| YTD Return | 17.49% | 26.96% |
| 1Y Return | 28.41% | 35.01% |
| 3Y Return (Ann) | -3.94% | 10.23% |
| Sharpe Ratio | 2.38 | 3.06 |
| Sortino Ratio | 3.27 | 4.07 |
| Omega Ratio | 1.40 | 1.58 |
| Calmar Ratio | 1.08 | 4.45 |
| Martin Ratio | 12.58 | 20.17 |
| Ulcer Index | 3.16% | 1.86% |
| Daily Std Dev | 16.71% | 12.27% |
| Max Drawdown | -39.89% | -33.79% |
| Current Drawdown | -12.15% | -0.25% |
Correlation
The correlation between QQQN and FXAIX is 0.81, 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
In the year-to-date period, QQQN achieves a 17.49% return, which is significantly lower than FXAIX's 26.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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's dividend yield for the trailing twelve months is around 0.85%, less than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQN VictoryShares Nasdaq Next 50 ETF | 0.85% | 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 | 1.21% | 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
The maximum QQQN drawdown since its inception was -39.89%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for QQQN and FXAIX. For additional features, visit the drawdowns tool.
Volatility
QQQN vs. FXAIX - Volatility Comparison
The current volatility for VictoryShares Nasdaq Next 50 ETF (QQQN) is 1.11%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.74%. 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.