- ISIN
- US3159128087
- CUSIP
- 315912808
- Issuer
- Fidelity
- Inception Date
- Sep 25, 2003
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Nasdaq Composite Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $11B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ONEQ Performance Chart
Fidelity Nasdaq Composite Index ETF (ONEQ) is up 11.2% since the beginning of the year. ONEQ is currently trading at $101 per share. Investors who bought $1,000 worth of ONEQ shares 5 years ago would now be looking at an investment worth $1,963.
Loading charts...
Returns By Period
Fidelity Nasdaq Composite Index ETF (ONEQ) has returned 11.23% so far this year and 32.79% over the past 12 months. Looking at the last ten years, ONEQ has achieved an annualized return of 19.11%, outperforming the S&P 500 Index benchmark, which averaged 13.33% per year.
Fidelity Nasdaq Composite Index ETF
- 1D
- -4.14%
- 1M
- -0.28%
- YTD
- 11.23%
- 6M
- 9.73%
- 1Y
- 32.79%
- 3Y*
- 25.70%
- 5Y*
- 14.44%
- 10Y*
- 19.11%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.64%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
ONEQ Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2003, ONEQ's average daily return is +0.06%, while the average monthly return is +1.18%. At this rate, an investment would double in approximately 4.9 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +15.9%, while the worst month was Oct 2008 at -18.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ONEQ closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +12.2%, while the worst single day was Mar 16, 2020 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.02% | -3.37% | -4.49% | 15.58% | 8.25% | -4.65% | 11.23% | ||||||
| 2025 | 1.49% | -3.80% | -8.22% | 0.86% | 9.57% | 6.65% | 3.86% | 1.55% | 5.67% | 4.81% | -1.61% | -0.40% | 20.89% |
| 2024 | 0.79% | 6.26% | 1.68% | -4.08% | 6.69% | 6.28% | -0.80% | 0.72% | 2.64% | -0.39% | 6.31% | 0.54% | 29.30% |
| 2023 | 10.76% | -1.06% | 7.03% | 0.06% | 5.96% | 6.55% | 4.20% | -1.95% | -5.73% | -2.58% | 10.86% | 5.73% | 45.73% |
| 2022 | -8.80% | -3.35% | 3.64% | -13.28% | -1.91% | -8.50% | 12.51% | -4.59% | -10.34% | 4.03% | 4.43% | -8.70% | -32.12% |
| 2021 | 0.87% | 1.21% | 0.40% | 5.83% | -1.56% | 5.46% | 1.31% | 3.99% | -5.23% | 7.26% | 0.55% | 0.70% | 22.11% |
Benchmark Metrics
Fidelity Nasdaq Composite Index ETF has an annualized alpha of 3.86%, beta of 1.04, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since October 02, 2003.
- This ETF captured 128.21% of S&P 500 Index gains and 108.40% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 3.86% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.04 and R2 of 0.87, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.86%
- Beta
- 1.04
- R²
- 0.87
- Upside Capture
- 128.21%
- Downside Capture
- 108.40%
Expense Ratio
ONEQ has an expense ratio of 0.21%, which is considered low.
Return for Risk
Risk / Return Rank
ONEQ ranks 66 for risk / return — better than 66% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Nasdaq Composite Index ETF (ONEQ) and compare them to S&P 500 Index.
| ONEQ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.69 | +0.05 |
| Martin ratioReturn relative to average drawdown | 10.77 | 12.34 | -1.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Nasdaq Composite Index ETF provided a 0.70% dividend yield over the last twelve months, with an annual payout of $0.71 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.49 | $0.50 | $0.42 | $0.40 | $0.33 | $0.36 | $0.88 | $0.28 | $0.23 | $0.24 | $0.21 |
Dividend yield | 0.70% | 0.54% | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 2.51% | 1.08% | 0.84% | 1.12% | 1.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Nasdaq Composite Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $0.31 | ||||||
| 2025 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.49 |
| 2024 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.17 | $0.50 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.40 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Nasdaq Composite Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Nasdaq Composite Index ETF was 55.09%, occurring on Mar 9, 2009. Recovery took 484 trading sessions.
The current Fidelity Nasdaq Composite Index ETF drawdown is 5.06%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.09%Mar 2009 | 1y 4mo | 1y 11mo | 3y 3moNov 2007 - Feb 2011 |
Bear market2022 | -35.23%Dec 2022 | 1y 1mo | 1y 1mo | 2y 2moNov 2021 - Jan 2024 |
COVID crash2020 | -30.16%Mar 2020 | 1mo 2d | 2mo 14d | 3mo 16dFeb 2020 - Jun 2020 |
2025 selloff2025 | -24.09%Apr 2025 | 3mo 22d | 2mo 19d | 6mo 11dDec 2024 - Jun 2025 |
Rate-hike selloffLate 2018 | -23.28%Dec 2018 | 3mo 21d | 4mo | 7mo 21dSep 2018 - Apr 2019 |
Drawdown Indicators
| ONEQ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.09% | -56.78% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.64% | -9.10% | -3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -24.09% | -18.90% | -5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -35.23% | -25.43% | -9.80% |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | -33.92% | -1.31% |
Current DrawdownCurrent decline from peak | -5.06% | -2.97% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -10.72% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.97% | +1.23% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ONEQ
Add Fidelity Nasdaq Composite Index ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ONEQ