CI vs. ONEQ
Compare and contrast key facts about Cigna Corporation (CI) 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: CI or ONEQ.
Performance
CI vs. ONEQ - Performance Comparison
Returns By Period
In the year-to-date period, CI achieves a 8.68% return, which is significantly lower than ONEQ's 26.00% return. Over the past 10 years, CI has underperformed ONEQ with an annualized return of 12.93%, while ONEQ has yielded a comparatively higher 16.07% annualized return.
CI
8.68%
-4.31%
-4.32%
15.72%
11.44%
12.93%
ONEQ
26.00%
1.92%
12.45%
34.13%
18.40%
16.07%
Key characteristics
| CI | ONEQ | |
|---|---|---|
| Sharpe Ratio | 0.55 | 1.98 |
| Sortino Ratio | 1.08 | 2.60 |
| Omega Ratio | 1.16 | 1.36 |
| Calmar Ratio | 0.68 | 2.60 |
| Martin Ratio | 2.55 | 9.86 |
| Ulcer Index | 6.08% | 3.48% |
| Daily Std Dev | 28.30% | 17.37% |
| Max Drawdown | -84.34% | -55.09% |
| Current Drawdown | -12.36% | -2.43% |
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Correlation
The correlation between CI and ONEQ is 0.41, 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.
Risk-Adjusted Performance
CI vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cigna Corporation (CI) 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
CI vs. ONEQ - Dividend Comparison
CI's dividend yield for the trailing twelve months is around 1.69%, more than ONEQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CI Cigna Corporation | 1.69% | 1.64% | 1.35% | 1.74% | 0.02% | 0.02% | 0.02% | 0.02% | 0.03% | 0.03% | 0.04% | 0.05% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.62% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
CI vs. ONEQ - Drawdown Comparison
The maximum CI drawdown since its inception was -84.34%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for CI and ONEQ. For additional features, visit the drawdowns tool.
Volatility
CI vs. ONEQ - Volatility Comparison
Cigna Corporation (CI) has a higher volatility of 10.34% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 5.99%. This indicates that CI'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.