CGGO vs. ONEQ
Compare and contrast key facts about Capital Group Global Growth Equity ETF (CGGO) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
CGGO and ONEQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGGO is an actively managed fund by Capital Group. It was launched on Feb 22, 2022. 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: CGGO or ONEQ.
Key characteristics
| CGGO | ONEQ | |
|---|---|---|
| YTD Return | 18.51% | 28.98% |
| 1Y Return | 30.33% | 43.62% |
| Sharpe Ratio | 2.06 | 2.42 |
| Sortino Ratio | 2.85 | 3.13 |
| Omega Ratio | 1.36 | 1.43 |
| Calmar Ratio | 2.89 | 3.19 |
| Martin Ratio | 11.71 | 12.16 |
| Ulcer Index | 2.51% | 3.47% |
| Daily Std Dev | 14.24% | 17.44% |
| Max Drawdown | -24.90% | -55.09% |
| Current Drawdown | -1.24% | 0.00% |
Correlation
The correlation between CGGO and ONEQ is 0.91, 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.
Performance
CGGO vs. ONEQ - Performance Comparison
In the year-to-date period, CGGO achieves a 18.51% return, which is significantly lower than ONEQ's 28.98% 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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CGGO vs. ONEQ - Expense Ratio Comparison
CGGO has a 0.47% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
CGGO vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Global Growth Equity ETF (CGGO) 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
CGGO vs. ONEQ - Dividend Comparison
CGGO's dividend yield for the trailing twelve months is around 0.92%, more than ONEQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGGO Capital Group Global Growth Equity ETF | 0.92% | 0.76% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.60% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
CGGO vs. ONEQ - Drawdown Comparison
The maximum CGGO drawdown since its inception was -24.90%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for CGGO and ONEQ. For additional features, visit the drawdowns tool.
Volatility
CGGO vs. ONEQ - Volatility Comparison
The current volatility for Capital Group Global Growth Equity ETF (CGGO) is 4.07%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 5.50%. This indicates that CGGO experiences smaller price fluctuations and is considered to be less risky than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.