BA vs. ONEQ
Compare and contrast key facts about The Boeing Company (BA) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BA or ONEQ.
Key characteristics
| BA | ONEQ | |
|---|---|---|
| YTD Return | -35.62% | 5.82% |
| 1Y Return | -16.80% | 32.40% |
| 3Y Return (Ann) | -12.27% | 5.47% |
| 5Y Return (Ann) | -14.61% | 16.01% |
| 10Y Return (Ann) | 4.33% | 15.78% |
| Sharpe Ratio | -0.72 | 2.06 |
| Daily Std Dev | 29.13% | 15.65% |
| Max Drawdown | -77.92% | -55.09% |
| Current Drawdown | -61.00% | -3.28% |
Correlation
The correlation between BA and ONEQ is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BA vs. ONEQ - Performance Comparison
In the year-to-date period, BA achieves a -35.62% return, which is significantly lower than ONEQ's 5.82% return. Over the past 10 years, BA has underperformed ONEQ with an annualized return of 4.33%, while ONEQ has yielded a comparatively higher 15.78% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BA vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Boeing Company (BA) 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.
Dividends
BA vs. ONEQ - Dividend Comparison
BA has not paid dividends to shareholders, while ONEQ's dividend yield for the trailing twelve months is around 0.69%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA The Boeing Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.96% | 2.52% | 2.12% | 1.93% | 2.80% | 2.52% | 2.25% | 1.42% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.69% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
BA vs. ONEQ - Drawdown Comparison
The maximum BA drawdown since its inception was -77.92%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for BA and ONEQ. For additional features, visit the drawdowns tool.
Volatility
BA vs. ONEQ - Volatility Comparison
The Boeing Company (BA) has a higher volatility of 7.11% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 4.16%. This indicates that BA's price experiences larger fluctuations and is considered to be riskier than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.