ONEQ vs. AGTHX
Compare and contrast key facts about Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and American Funds The Growth Fund of America Class A (AGTHX).
ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003. AGTHX is managed by Equity. It was launched on Dec 1, 1973.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONEQ or AGTHX.
Performance
ONEQ vs. AGTHX - Performance Comparison
Returns By Period
In the year-to-date period, ONEQ achieves a 26.98% return, which is significantly lower than AGTHX's 28.39% return. Over the past 10 years, ONEQ has outperformed AGTHX with an annualized return of 16.14%, while AGTHX has yielded a comparatively lower 13.49% annualized return.
ONEQ
26.98%
2.77%
13.24%
34.50%
18.55%
16.14%
AGTHX
28.39%
2.35%
13.25%
36.72%
15.33%
13.49%
Key characteristics
| ONEQ | AGTHX | |
|---|---|---|
| Sharpe Ratio | 1.95 | 2.40 |
| Sortino Ratio | 2.56 | 3.18 |
| Omega Ratio | 1.35 | 1.43 |
| Calmar Ratio | 2.55 | 2.06 |
| Martin Ratio | 9.69 | 15.46 |
| Ulcer Index | 3.49% | 2.34% |
| Daily Std Dev | 17.33% | 15.07% |
| Max Drawdown | -55.09% | -65.35% |
| Current Drawdown | -1.67% | -1.60% |
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ONEQ vs. AGTHX - Expense Ratio Comparison
ONEQ has a 0.21% expense ratio, which is lower than AGTHX's 0.61% expense ratio.
Correlation
The correlation between ONEQ and AGTHX is 0.92, 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
ONEQ vs. AGTHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and American Funds The Growth Fund of America Class A (AGTHX). 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
ONEQ vs. AGTHX - Dividend Comparison
ONEQ's dividend yield for the trailing twelve months is around 0.61%, less than AGTHX's 5.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.61% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
AGTHX American Funds The Growth Fund of America Class A | 5.30% | 6.81% | 0.75% | 8.18% | 4.55% | 7.89% | 12.71% | 7.54% | 6.61% | 8.87% | 9.90% | 6.71% |
Drawdowns
ONEQ vs. AGTHX - Drawdown Comparison
The maximum ONEQ drawdown since its inception was -55.09%, smaller than the maximum AGTHX drawdown of -65.35%. Use the drawdown chart below to compare losses from any high point for ONEQ and AGTHX. For additional features, visit the drawdowns tool.
Volatility
ONEQ vs. AGTHX - Volatility Comparison
Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a higher volatility of 6.02% compared to American Funds The Growth Fund of America Class A (AGTHX) at 4.81%. This indicates that ONEQ's price experiences larger fluctuations and is considered to be riskier than AGTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.