FDL vs. ONEQ
Compare and contrast key facts about First Trust Morningstar Dividend Leaders Index Fund (FDL) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
FDL and ONEQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDL is a passively managed fund by First Trust that tracks the performance of the Morningstar Dividend Leaders Index. It was launched on Mar 9, 2006. ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003. Both FDL and ONEQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDL or ONEQ.
Key characteristics
| FDL | ONEQ | |
|---|---|---|
| YTD Return | 21.42% | 29.14% |
| 1Y Return | 35.46% | 40.88% |
| 3Y Return (Ann) | 12.31% | 8.15% |
| 5Y Return (Ann) | 10.45% | 19.07% |
| 10Y Return (Ann) | 10.11% | 16.43% |
| Sharpe Ratio | 3.10 | 2.52 |
| Sortino Ratio | 4.38 | 3.23 |
| Omega Ratio | 1.55 | 1.45 |
| Calmar Ratio | 3.03 | 3.31 |
| Martin Ratio | 22.49 | 12.60 |
| Ulcer Index | 1.61% | 3.47% |
| Daily Std Dev | 11.72% | 17.33% |
| Max Drawdown | -65.93% | -55.09% |
| Current Drawdown | -1.42% | 0.00% |
Correlation
The correlation between FDL and ONEQ is 0.61, 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
FDL vs. ONEQ - Performance Comparison
In the year-to-date period, FDL achieves a 21.42% return, which is significantly lower than ONEQ's 29.14% return. Over the past 10 years, FDL has underperformed ONEQ with an annualized return of 10.11%, while ONEQ has yielded a comparatively higher 16.43% 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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FDL vs. ONEQ - Expense Ratio Comparison
FDL has a 0.45% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
FDL vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) 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
FDL vs. ONEQ - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 4.08%, more than ONEQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 4.08% | 4.58% | 3.57% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.94% | 3.65% | 3.35% | 3.13% |
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
FDL vs. ONEQ - Drawdown Comparison
The maximum FDL drawdown since its inception was -65.93%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for FDL and ONEQ. For additional features, visit the drawdowns tool.
Volatility
FDL vs. ONEQ - Volatility Comparison
The current volatility for First Trust Morningstar Dividend Leaders Index Fund (FDL) is 3.51%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 5.49%. This indicates that FDL 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.