IBM vs. ONEQ
Compare and contrast key facts about International Business Machines Corporation (IBM) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
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: IBM or ONEQ.
Key characteristics
| IBM | ONEQ | |
|---|---|---|
| YTD Return | 3.35% | 27.62% |
| 1Y Return | 21.15% | 24.54% |
| 5Y Return (Ann) | 4.41% | 11.64% |
| 10Y Return (Ann) | 1.76% | 14.42% |
| Sharpe Ratio | 1.07 | 0.97 |
| Daily Std Dev | 18.80% | 21.86% |
| Max Drawdown | -69.40% | -55.09% |
Correlation
The correlation between IBM and ONEQ is 0.57, 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.
IBM vs. ONEQ - Performance Comparison
In the year-to-date period, IBM achieves a 3.35% return, which is significantly lower than ONEQ's 27.62% return. Over the past 10 years, IBM has underperformed ONEQ with an annualized return of 1.76%, while ONEQ has yielded a comparatively higher 14.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBM vs. ONEQ - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 4.72%, more than ONEQ's 0.83% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 4.72% | 4.85% | 5.16% | 5.91% | 5.77% | 6.89% | 5.07% | 4.53% | 5.16% | 3.89% | 2.96% | 2.64% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.83% | 0.98% | 0.55% | 0.73% | 1.69% | 1.13% | 0.89% | 1.20% | 1.13% | 1.30% | 0.92% | 1.58% |
IBM vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
IBM International Business Machines Corporation | 1.07 | ||||
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.97 |
IBM vs. ONEQ - Drawdown Comparison
The maximum IBM drawdown for the period was -17.61%, roughly equal to the maximum ONEQ drawdown of -24.87%. The drawdown chart below compares losses from any high point along the way for IBM and ONEQ
IBM vs. ONEQ - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 4.63% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 4.18%. This indicates that IBM'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.