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.
Performance
IBM vs. ONEQ - Performance Comparison
Returns By Period
In the year-to-date period, IBM achieves a 29.87% return, which is significantly higher than ONEQ's 24.90% return. Over the past 10 years, IBM has underperformed ONEQ with an annualized return of 7.40%, while ONEQ has yielded a comparatively higher 15.99% annualized return.
IBM
29.87%
-11.58%
23.30%
38.77%
15.05%
7.40%
ONEQ
24.90%
1.78%
12.31%
33.20%
18.11%
15.99%
Key characteristics
| IBM | ONEQ | |
|---|---|---|
| Sharpe Ratio | 1.77 | 1.91 |
| Sortino Ratio | 2.43 | 2.52 |
| Omega Ratio | 1.36 | 1.34 |
| Calmar Ratio | 2.33 | 2.50 |
| Martin Ratio | 5.47 | 9.51 |
| Ulcer Index | 7.16% | 3.48% |
| Daily Std Dev | 22.19% | 17.32% |
| Max Drawdown | -69.40% | -55.09% |
| Current Drawdown | -12.18% | -3.28% |
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Correlation
The correlation between IBM and ONEQ is 0.56, 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.
Risk-Adjusted Performance
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.
Dividends
IBM vs. ONEQ - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 3.25%, more than ONEQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 3.25% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% | 2.65% | 1.97% |
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
IBM vs. ONEQ - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for IBM and ONEQ. For additional features, visit the drawdowns tool.
Volatility
IBM vs. ONEQ - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 8.04% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 5.97%. 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.