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Compare/Updated Oct 26, 2026, refreshed every trading day

QQQ vs FXAIX

Invesco QQQ Trust, Series 1 against Fidelity 500 Index Fund: 4 years of returns, risk and today’s technical read, from Kavout’s own data.

QQQInvesco QQQ Trust, Series 1
$2,565
+156.5% since Oct 28, 2022
$704.40 today+0.0%
FXAIXFidelity 500 Index Fund
$2,023
+102.3% since Oct 28, 2022
$264.99 today-0.5%
Growth of $1,000adjusted closes, dividends included
$898$1,386$1,874$2,361$2,8492023202420252026QQQ $2,565FXAIX $2,023
QQQFXAIX1000 trading days, Kavout market data
The short answer

QQQ did better over the period: $1,000 invested on October 28, 2022 would be worth $2,565, versus $2,023 for FXAIX, representing total returns of 156.5% and 102.3%, respectively. QQQ also led over three years, returning 97.2% versus 80.0%, and year to date, returning 15.1% versus 11.5%. The stronger performance came with higher risk: QQQ’s trailing 12-month volatility was 20.0%, compared with 12.6% for FXAIX, and its worst drawdown was -22.8% versus -19.0%. The funds’ daily moves were highly correlated at 0.926, but QQQ moved 1.27% for every 1% move in FXAIX. Thus, QQQ delivered greater growth but larger fluctuations and drawdowns, while FXAIX provided a smoother, more diversified large-cap exposure.

QQQInvesco QQQ Trust, Series 1
$704.40+0.0% today
  • 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.
ADX BearishSupertrend BearishDowntrendA/D Line in a DowntrendOBV Falling
FXAIXFidelity 500 Index Fund
$264.99-0.5% today
  • Technical indicators are not available for this ticker yet.

Head to head

Which has returned more, QQQ or FXAIX?

QQQ beat FXAIX in 27 of the last 48 months; FXAIX won the other 21. The typical monthly gap was 1.36 points.

Total return by period

QQQFXAIX
1 month
-5.0%
-1.2%
3 months
+3.4%
+2.8%
6 months
+6.3%
+6.4%
YTD
+15.1%
+11.5%
1 year
+16.9%
+13.8%
3 years
+97.2%
+80.0%
Since 2022-10
+156.5%
+102.3%

Which is riskier?

Volatility, last 12 months
20.0%
12.6%
Worst drawdown since 2022
-22.8%
-19.0%

Both: Feb 19, 2025 to Apr 8, 2025

0.926
correlation of daily moves, 4 years
1.27
QQQ move per 1% in FXAIX
0.846
correlation, last 12 months

Month by month

QQQ led 27
FXAIX led 21

Of the last 48 months. The typical gap was 1.36 points.

When did they diverge?

MonthQQQFXAIXGap
May 2023+7.9%+0.4%+7.45 pts
July 2026-6.6%-0.3%-6.24 pts
March 2023+9.5%+3.7%+5.82 pts
April 2026+15.7%+10.2%+5.51 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 QQQ and FXAIX?

QQQ
Invesco QQQ Trust, Series 1
Expense ratio
0.2%
Fund assets
$475B
Price
$704.40
0.926
correlation
FXAIX
Fidelity 500 Index Fund
Price
$264.99

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