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.
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.
Performance
FNCMX vs. ONEQ - Performance Comparison
Key characteristics
FNCMX:
1.39
ONEQ:
1.50
FNCMX:
1.88
ONEQ:
2.01
FNCMX:
1.25
ONEQ:
1.27
FNCMX:
1.96
ONEQ:
2.06
FNCMX:
7.02
ONEQ:
7.49
FNCMX:
3.66%
ONEQ:
3.65%
FNCMX:
18.53%
ONEQ:
18.24%
FNCMX:
-55.71%
ONEQ:
-55.09%
FNCMX:
-3.15%
ONEQ:
-0.93%
Returns By Period
In the year-to-date period, FNCMX achieves a 1.18% return, which is significantly lower than ONEQ's 3.47% return. Over the past 10 years, FNCMX has underperformed ONEQ with an annualized return of 15.14%, while ONEQ has yielded a comparatively higher 16.14% annualized return.
FNCMX
1.18%
-2.37%
9.49%
22.47%
16.34%
15.14%
ONEQ
3.47%
1.05%
13.81%
29.04%
17.11%
16.14%
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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.
Risk-Adjusted Performance
FNCMX vs. ONEQ — Risk-Adjusted Performance Rank
FNCMX
ONEQ
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 0.60%, less than ONEQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCMX Fidelity NASDAQ Composite Index Fund | 0.60% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 0.97% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.63% | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% |
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) has a higher volatility of 5.44% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 5.02%. This indicates that FNCMX'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.