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^IXIC vs. ONEQ
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ^IXIC and ONEQ is 0.98, 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.


-0.50.00.51.01.0

Performance

^IXIC vs. ONEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NASDAQ Composite (^IXIC) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
9.32%
9.92%
^IXIC
ONEQ

Key characteristics

Sharpe Ratio

^IXIC:

1.62

ONEQ:

1.69

Sortino Ratio

^IXIC:

2.16

ONEQ:

2.23

Omega Ratio

^IXIC:

1.29

ONEQ:

1.31

Calmar Ratio

^IXIC:

2.22

ONEQ:

2.27

Martin Ratio

^IXIC:

8.20

ONEQ:

8.56

Ulcer Index

^IXIC:

3.55%

ONEQ:

3.51%

Daily Std Dev

^IXIC:

17.97%

ONEQ:

17.80%

Max Drawdown

^IXIC:

-77.93%

ONEQ:

-55.09%

Current Drawdown

^IXIC:

-3.97%

ONEQ:

-3.84%

Returns By Period

The year-to-date returns for both investments are quite close, with ^IXIC having a 29.05% return and ONEQ slightly higher at 29.85%. Over the past 10 years, ^IXIC has underperformed ONEQ with an annualized return of 15.05%, while ONEQ has yielded a comparatively higher 16.22% annualized return.


^IXIC

YTD

29.05%

1M

2.03%

6M

9.32%

1Y

31.09%

5Y*

16.81%

10Y*

15.05%

ONEQ

YTD

29.85%

1M

2.22%

6M

9.92%

1Y

32.07%

5Y*

18.01%

10Y*

16.22%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

^IXIC vs. ONEQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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.


Sharpe ratio
The chart of Sharpe ratio for ^IXIC, currently valued at 1.62, compared to the broader market-1.000.001.002.001.621.69
The chart of Sortino ratio for ^IXIC, currently valued at 2.16, compared to the broader market-1.000.001.002.003.002.162.23
The chart of Omega ratio for ^IXIC, currently valued at 1.29, compared to the broader market0.800.901.001.101.201.301.401.291.31
The chart of Calmar ratio for ^IXIC, currently valued at 2.22, compared to the broader market0.001.002.003.004.002.222.27
The chart of Martin ratio for ^IXIC, currently valued at 8.20, compared to the broader market0.005.0010.0015.008.208.56
^IXIC
ONEQ

The current ^IXIC Sharpe Ratio is 1.62, which is comparable to the ONEQ Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of ^IXIC and ONEQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.62
1.69
^IXIC
ONEQ

Drawdowns

^IXIC vs. ONEQ - Drawdown Comparison

The maximum ^IXIC drawdown since its inception was -77.93%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for ^IXIC and ONEQ. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.97%
-3.84%
^IXIC
ONEQ

Volatility

^IXIC vs. ONEQ - Volatility Comparison

NASDAQ Composite (^IXIC) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) have volatilities of 4.97% and 4.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JulyAugustSeptemberOctoberNovemberDecember
4.97%
4.97%
^IXIC
ONEQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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