Compare/Updated Oct 26, 2026, refreshed every trading day
FNCMX vs QQQ
Fidelity NASDAQ Composite Index Fund against Invesco QQQ Trust, Series 1: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
QQQ did better over the period: $1,000 invested on Oct 28, 2022 would be worth $2,565 versus $2,397 in FNCMX, a difference of $168. QQQ also led over one month, six months, YTD, one year and three years, while FNCMX led over three months. The trade-off was higher risk for QQQ: 12-month volatility was 20.0% versus 18.5% for FNCMX, although QQQ’s worst drawdown was smaller at -22.8% compared with FNCMX’s -24.6%. The funds moved closely together, with a 0.968 correlation of daily moves, but QQQ won 28 of the last 48 months versus 20 for FNCMX. QQQ’s stronger result matters because the funds provide highly similar exposure, while QQQ delivered the better return despite higher volatility.
- Technical indicators are not available for this ticker yet.
- Price is above its 200-day average ($676); 50-day at $725.
- RSI 37, neutral. Supertrend says sell. ADX 25, so the trend is developing.
Head to head
Which has returned more, FNCMX or QQQ?
FNCMX beat QQQ in 20 of the last 48 months; QQQ won the other 28. The typical monthly gap was 0.52 points.
Total return by period
Which is riskier?
FNCMX: Dec 16, 2024 to Apr 8, 2025; QQQ: Feb 19, 2025 to Apr 8, 2025
- 0.968
- correlation of daily moves, 4 years
- 0.96
- FNCMX move per 1% in QQQ
- 0.887
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.52 points.
When did they diverge?
| Month | FNCMX | QQQ | Gap |
|---|---|---|---|
| July 2026 | -3.2% | -6.6% | +3.36 pts |
| March 2023 | +6.8% | +9.5% | -2.70 pts |
| June 2026 | -2.7% | -0.1% | -2.55 pts |
| May 2026 | +8.4% | +10.6% | -2.13 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with FNCMX and QQQ?
- Price
- $330.69
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