ETH-USD vs. ONEQ
Compare and contrast key facts about Ethereum (ETH-USD) 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: ETH-USD or ONEQ.
Key characteristics
| ETH-USD | ONEQ | |
|---|---|---|
| YTD Return | 37.20% | 6.18% |
| 1Y Return | 63.99% | 32.95% |
| 3Y Return (Ann) | 5.54% | 5.45% |
| 5Y Return (Ann) | 81.87% | 15.62% |
| Sharpe Ratio | 2.77 | 2.27 |
| Daily Std Dev | 41.74% | 15.92% |
| Max Drawdown | -93.96% | -55.09% |
| Current Drawdown | -34.95% | -2.95% |
Correlation
The correlation between ETH-USD and ONEQ is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ETH-USD vs. ONEQ - Performance Comparison
In the year-to-date period, ETH-USD achieves a 37.20% return, which is significantly higher than ONEQ's 6.18% 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
ETH-USD vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) 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.
Drawdowns
ETH-USD vs. ONEQ - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -93.96%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for ETH-USD and ONEQ. For additional features, visit the drawdowns tool.
Volatility
ETH-USD vs. ONEQ - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 19.02% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 5.29%. This indicates that ETH-USD'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.