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FEQT.NEO vs. ONEQ
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FEQT.NEO vs. ONEQ

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity All-in-One Equity ETF Fund (FEQT.NEO) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).

FEQT.NEO and ONEQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEQT.NEO is an actively managed fund by Fidelity. It was launched on Jan 20, 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.

Performance

FEQT.NEO vs. ONEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity All-in-One Equity ETF Fund (FEQT.NEO) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). The values are adjusted to include any dividend payments, if applicable.

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FEQT.NEO vs. ONEQ - Yearly Performance Comparison

2026 (YTD)20252024
FEQT.NEO
Fidelity All-in-One Equity ETF Fund		2.28%18.36%13.06%
ONEQ
Fidelity NASDAQ Composite Index Tracking Stock		-4.47%15.35%24.58%
Different Trading Currencies

FEQT.NEO is traded in CAD, while ONEQ is traded in USD. To make them comparable, the ONEQ values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEQT.NEO achieves a 2.28% return, which is significantly higher than ONEQ's -4.47% return.

FEQT.NEO

1D
0.95%
1M
-3.56%
YTD
2.28%
6M
3.52%
1Y
18.45%
3Y*
—
5Y*
—
10Y*
—

ONEQ

1D
1.05%
1M
-2.12%
YTD
-4.47%
6M
-3.79%
1Y
22.70%
3Y*
23.50%
5Y*
13.59%
10Y*
18.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity All-in-One Equity ETF Fund

Fidelity NASDAQ Composite Index Tracking Stock

Often compared with FEQT.NEO:
FEQT.NEO vs. XEQT.TOFEQT.NEO vs. VEQT.TOFEQT.NEO vs. VFV.TOFEQT.NEO vs. ZEQT.TOFEQT.NEO vs. TEQT.TOFEQT.NEO vs. XMTM.TOFEQT.NEO vs. HEQL.TO
Often compared with ONEQ:
ONEQ vs. QQQONEQ vs. FNCMXONEQ vs. VOOONEQ vs. ^NDXONEQ vs. ^IXICONEQ vs. ^GSPCONEQ vs. IEMG

FEQT.NEO vs. ONEQ - Expense Ratio Comparison

FEQT.NEO has a 0.43% expense ratio, which is higher than ONEQ's 0.21% expense ratio.

FEQT.NEO
Fidelity All-in-One Equity ETF Fund
ONEQ
Fidelity NASDAQ Composite Index Tracking Stock

Return for Risk

FEQT.NEO vs. ONEQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEQT.NEO
FEQT.NEO Risk / Return Rank: 6767
Overall Rank
FEQT.NEO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
FEQT.NEO Sortino Ratio Rank: 6767
Sortino Ratio Rank
FEQT.NEO Omega Ratio Rank: 6868
Omega Ratio Rank
FEQT.NEO Calmar Ratio Rank: 6262
Calmar Ratio Rank
FEQT.NEO Martin Ratio Rank: 6868
Martin Ratio Rank
ONEQ
ONEQ Risk / Return Rank: 6969
Overall Rank
ONEQ Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
ONEQ Sortino Ratio Rank: 6767
Sortino Ratio Rank
ONEQ Omega Ratio Rank: 6767
Omega Ratio Rank
ONEQ Calmar Ratio Rank: 7676
Calmar Ratio Rank
ONEQ Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEQT.NEO vs. ONEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity All-in-One Equity ETF Fund (FEQT.NEO) 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.

FEQT.NEOONEQDifference

Sharpe ratio

Return per unit of total volatility

1.23

0.99

+0.24

Sortino ratio

Return per unit of downside risk

1.73

1.50

+0.24

Omega ratio

Gain probability vs. loss probability

1.26

1.22

+0.04

Calmar ratio

Return relative to maximum drawdown

1.65

1.75

-0.10

Martin ratio

Return relative to average drawdown

7.22

5.10

+2.12

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEQT.NEO vs. ONEQ - Sharpe Ratio Comparison

The current FEQT.NEO Sharpe Ratio is 1.23, which is comparable to the ONEQ Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of FEQT.NEO and ONEQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FEQT.NEOONEQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.23

0.99

+0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.67

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.90

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.37

1.03

+0.35

Correlation

The correlation between FEQT.NEO and ONEQ is 0.67, 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.

Dividends

FEQT.NEO vs. ONEQ - Dividend Comparison

FEQT.NEO has not paid dividends to shareholders, while ONEQ's dividend yield for the trailing twelve months is around 0.82%.

TTM20252024202320222021202020192018201720162015
FEQT.NEO
Fidelity All-in-One Equity ETF Fund		0.00%0.00%0.00%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		0.82%0.54%0.65%0.71%0.97%0.54%0.71%2.51%1.08%0.84%1.12%1.04%

Drawdowns

FEQT.NEO vs. ONEQ - Drawdown Comparison

The maximum FEQT.NEO drawdown since its inception was -13.24%, smaller than the maximum ONEQ drawdown of -31.49%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and ONEQ.

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Drawdown Indicators

FEQT.NEOONEQDifference

Max Drawdown

Largest peak-to-trough decline

-13.24%

-55.09%

+41.85%

Max Drawdown (1Y)

Largest decline over 1 year

-11.15%

-13.13%

+1.98%

Max Drawdown (5Y)

Largest decline over 5 years

—

-35.23%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.23%

—

Current Drawdown

Current decline from peak

-4.10%

-8.26%

+4.16%

Average Drawdown

Average peak-to-trough decline

-1.49%

-8.01%

+6.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.54%

3.57%

-1.03%

Volatility

FEQT.NEO vs. ONEQ - Volatility Comparison

The current volatility for Fidelity All-in-One Equity ETF Fund (FEQT.NEO) is 5.65%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 6.89%. This indicates that FEQT.NEO 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

FEQT.NEOONEQDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.65%

6.89%

-1.24%

Volatility (6M)

Calculated over the trailing 6-month period

9.38%

12.91%

-3.53%

Volatility (1Y)

Calculated over the trailing 1-year period

15.04%

22.99%

-7.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.27%

20.43%

-7.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.27%

20.14%

-6.87%