FNCMX vs. ONEQ
Compare and contrast key facts about Fidelity NASDAQ Composite Index Fund (FNCMX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
FNCMX is managed by Fidelity. 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: FNCMX or ONEQ.
Performance
FNCMX vs. ONEQ - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FNCMX having a 25.14% return and ONEQ slightly higher at 26.00%. Over the past 10 years, FNCMX has underperformed ONEQ with an annualized return of 15.23%, while ONEQ has yielded a comparatively higher 16.07% annualized return.
FNCMX
25.14%
1.07%
12.29%
33.09%
17.11%
15.23%
ONEQ
26.00%
1.92%
12.45%
34.13%
18.40%
16.07%
Key characteristics
| FNCMX | ONEQ | |
|---|---|---|
| Sharpe Ratio | 1.90 | 1.98 |
| Sortino Ratio | 2.51 | 2.60 |
| Omega Ratio | 1.34 | 1.36 |
| Calmar Ratio | 2.54 | 2.60 |
| Martin Ratio | 9.53 | 9.86 |
| Ulcer Index | 3.49% | 3.48% |
| Daily Std Dev | 17.52% | 17.37% |
| Max Drawdown | -55.71% | -55.09% |
| Current Drawdown | -3.19% | -2.43% |
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FNCMX vs. ONEQ - Expense Ratio Comparison
FNCMX has a 0.29% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Correlation
The correlation between FNCMX and ONEQ is 0.98, 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.
Risk-Adjusted Performance
FNCMX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Fund (FNCMX) 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
FNCMX vs. ONEQ - Dividend Comparison
FNCMX's dividend yield for the trailing twelve months is around 0.53%, less than ONEQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCMX Fidelity NASDAQ Composite Index Fund | 0.53% | 0.67% | 0.88% | 0.47% | 0.67% | 0.97% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% | 0.72% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.62% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
FNCMX vs. ONEQ - Drawdown Comparison
The maximum FNCMX drawdown since its inception was -55.71%, roughly equal to the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for FNCMX and ONEQ. For additional features, visit the drawdowns tool.
Volatility
FNCMX vs. ONEQ - Volatility Comparison
Fidelity NASDAQ Composite Index Fund (FNCMX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) have volatilities of 5.75% and 5.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.