Compare/Updated Oct 26, 2026, refreshed every trading day
FNCMX vs QQQM
Fidelity NASDAQ Composite Index Fund against Invesco NASDAQ 100 ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
QQQM did better over the period: $1,000 invested on October 28, 2022 grew to $2,572, versus $2,397 for FNCMX, a difference of $175. QQQM also led over three years (+97.5% versus +96.6%), one year (+16.9% versus +14.1%), and year to date (+15.1% versus +12.1%), although it declined more over the last month (-4.9% versus -3.6%). The advantage came with slightly higher risk: QQQM’s 12-month volatility was 19.9%, compared with 18.5% for FNCMX. However, FNCMX had the deeper worst drawdown, -24.6% versus -22.7% for QQQM. Their daily moves were highly correlated at 0.968, so diversification benefits were limited. QQQM won 28 of the last 48 months, compared with 20 for FNCMX, with a typical monthly gap of 0.52 points.
- Technical indicators are not available for this ticker yet.
- Price is above its 200-day average ($278); 50-day at $299.
- RSI 37, neutral. Supertrend says sell. ADX 25, so the trend is developing.
Head to head
Which has returned more, FNCMX or QQQM?
FNCMX beat QQQM in 20 of the last 48 months; QQQM 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; QQQM: Feb 19, 2025 to Apr 8, 2025
- 0.968
- correlation of daily moves, 4 years
- 0.97
- FNCMX move per 1% in QQQM
- 0.890
- 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 | QQQM | Gap |
|---|---|---|---|
| July 2026 | -3.2% | -6.5% | +3.28 pts |
| March 2023 | +6.8% | +9.5% | -2.72 pts |
| June 2026 | -2.7% | -0.2% | -2.49 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 QQQM?
- Price
- $330.69
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