FDLO vs. ONEQ
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
FDLO and ONEQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDLO is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Low Volatility Factor Index. It was launched on Sep 12, 2016. 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 FDLO 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.
Performance
FDLO vs. ONEQ - Performance Comparison
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FDLO vs. ONEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | -2.35% | 11.77% | 16.06% | 16.38% | -10.38% | 24.00% | 12.19% | 31.10% | -0.26% | 20.44% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | -5.66% | 20.89% | 29.30% | 45.73% | -32.12% | 22.11% | 44.87% | 38.01% | -3.18% | 29.29% |
Returns By Period
In the year-to-date period, FDLO achieves a -2.35% return, which is significantly higher than ONEQ's -5.66% return.
FDLO
- 1D
- 0.48%
- 1M
- -4.39%
- YTD
- -2.35%
- 6M
- -0.81%
- 1Y
- 8.58%
- 3Y*
- 12.59%
- 5Y*
- 9.51%
- 10Y*
- —
ONEQ
- 1D
- 1.19%
- 1M
- -3.69%
- YTD
- -5.66%
- 6M
- -3.52%
- 1Y
- 26.29%
- 3Y*
- 22.37%
- 5Y*
- 11.29%
- 10Y*
- 17.32%
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FDLO vs. ONEQ - Expense Ratio Comparison
FDLO has a 0.29% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Return for Risk
FDLO vs. ONEQ — Risk / Return Rank
FDLO
ONEQ
FDLO vs. ONEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) 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.
| FDLO | ONEQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 1.14 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.75 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.08 | -1.26 |
Martin ratioReturn relative to average drawdown | 3.92 | 7.64 | -3.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDLO | ONEQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.14 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.51 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.61 | +0.18 |
Correlation
The correlation between FDLO and ONEQ is 0.78, 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.
Dividends
FDLO vs. ONEQ - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.46%, more than ONEQ's 0.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | 1.46% | 1.37% | 1.40% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% | 0.00% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.82% | 0.54% | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 2.51% | 1.08% | 0.84% | 1.12% | 1.04% |
Drawdowns
FDLO vs. ONEQ - Drawdown Comparison
The maximum FDLO drawdown since its inception was -34.35%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for FDLO and ONEQ.
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Drawdown Indicators
| FDLO | ONEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.35% | -55.09% | +20.74% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -13.13% | +2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.23% | -35.23% | +16.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.23% | — |
Current DrawdownCurrent decline from peak | -5.06% | -8.26% | +3.20% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -8.01% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 3.57% | -1.36% |
Volatility
FDLO vs. ONEQ - Volatility Comparison
The current volatility for Fidelity Low Volatility Factor ETF (FDLO) is 3.48%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 7.03%. This indicates that FDLO 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.
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Volatility by Period
| FDLO | ONEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 7.03% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 12.96% | -6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.61% | 23.24% | -9.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.12% | 22.16% | -9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 21.67% | -6.07% |