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 | 3.64% | 7.98% |
1Y Return | 16.61% | 28.23% |
3Y Return (Ann) | -3.18% | 8.87% |
Sharpe Ratio | 0.99 | 2.33 |
Daily Std Dev | 15.69% | 11.70% |
Max Drawdown | -39.89% | -33.79% |
Current Drawdown | -22.51% | -2.32% |
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 3.64% return, which is significantly lower than FXAIX's 7.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 0.86%, less than FXAIX's 1.36% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
VictoryShares Nasdaq Next 50 ETF | 0.86% | 0.64% | 0.90% | 0.33% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fidelity 500 Index Fund | 1.36% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 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
VictoryShares Nasdaq Next 50 ETF (QQQN) has a higher volatility of 5.45% compared to Fidelity 500 Index Fund (FXAIX) at 4.10%. This indicates that QQQN's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.