FSCPX vs. ONEQ
Compare and contrast key facts about Fidelity Select Consumer Discretionary Portfolio (FSCPX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
FSCPX is managed by Fidelity Investments. It was launched on Jun 28, 1990. 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: FSCPX or ONEQ.
Performance
FSCPX vs. ONEQ - Performance Comparison
Returns By Period
In the year-to-date period, FSCPX achieves a 15.60% return, which is significantly lower than ONEQ's 26.00% return. Over the past 10 years, FSCPX has underperformed ONEQ with an annualized return of 7.91%, while ONEQ has yielded a comparatively higher 16.07% annualized return.
FSCPX
15.60%
4.78%
12.87%
25.91%
7.48%
7.91%
ONEQ
26.00%
1.92%
12.45%
34.13%
18.40%
16.07%
Key characteristics
| FSCPX | ONEQ | |
|---|---|---|
| Sharpe Ratio | 1.44 | 1.98 |
| Sortino Ratio | 1.97 | 2.60 |
| Omega Ratio | 1.25 | 1.36 |
| Calmar Ratio | 0.79 | 2.60 |
| Martin Ratio | 6.24 | 9.86 |
| Ulcer Index | 4.11% | 3.48% |
| Daily Std Dev | 17.80% | 17.37% |
| Max Drawdown | -57.37% | -55.09% |
| Current Drawdown | -14.30% | -2.43% |
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FSCPX vs. ONEQ - Expense Ratio Comparison
FSCPX has a 0.76% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Correlation
The correlation between FSCPX and ONEQ is 0.84, 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
FSCPX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Consumer Discretionary Portfolio (FSCPX) 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
FSCPX vs. ONEQ - Dividend Comparison
FSCPX's dividend yield for the trailing twelve months is around 0.04%, less than ONEQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCPX Fidelity Select Consumer Discretionary Portfolio | 0.04% | 0.04% | 0.05% | 0.00% | 0.00% | 0.22% | 0.37% | 0.33% | 0.90% | 2.70% | 4.98% | 8.57% |
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
FSCPX vs. ONEQ - Drawdown Comparison
The maximum FSCPX drawdown since its inception was -57.37%, roughly equal to the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for FSCPX and ONEQ. For additional features, visit the drawdowns tool.
Volatility
FSCPX vs. ONEQ - Volatility Comparison
Fidelity Select Consumer Discretionary Portfolio (FSCPX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) have volatilities of 6.08% 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.