CLOI vs. ONEQ
Compare and contrast key facts about VanEck CLO ETF (CLOI) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
CLOI and ONEQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOI is an actively managed fund by VanEck. It was launched on Jun 21, 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: CLOI or ONEQ.
Performance
CLOI vs. ONEQ - Performance Comparison
Returns By Period
In the year-to-date period, CLOI achieves a 7.56% return, which is significantly lower than ONEQ's 26.98% return.
CLOI
7.56%
0.72%
3.65%
8.17%
N/A
N/A
ONEQ
26.98%
2.77%
13.24%
34.50%
18.55%
16.14%
Key characteristics
| CLOI | ONEQ | |
|---|---|---|
| Sharpe Ratio | 5.72 | 1.95 |
| Sortino Ratio | 9.70 | 2.56 |
| Omega Ratio | 2.71 | 1.35 |
| Calmar Ratio | 19.42 | 2.55 |
| Martin Ratio | 101.01 | 9.69 |
| Ulcer Index | 0.08% | 3.49% |
| Daily Std Dev | 1.47% | 17.33% |
| Max Drawdown | -2.70% | -55.09% |
| Current Drawdown | 0.00% | -1.67% |
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CLOI vs. ONEQ - Expense Ratio Comparison
CLOI has a 0.40% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Correlation
The correlation between CLOI and ONEQ is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
CLOI vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CLO ETF (CLOI) 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
CLOI vs. ONEQ - Dividend Comparison
CLOI's dividend yield for the trailing twelve months is around 6.37%, more than ONEQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLOI VanEck CLO ETF | 6.37% | 5.62% | 2.23% | 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 | 0.61% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
CLOI vs. ONEQ - Drawdown Comparison
The maximum CLOI drawdown since its inception was -2.70%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for CLOI and ONEQ. For additional features, visit the drawdowns tool.
Volatility
CLOI vs. ONEQ - Volatility Comparison
The current volatility for VanEck CLO ETF (CLOI) is 0.26%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 6.02%. This indicates that CLOI 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.