ONEQ vs. ETH-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and Ethereum (ETH-USD).

ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003.

Performance

ONEQ vs. ETH-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and Ethereum (ETH-USD). The values are adjusted to include any dividend payments, if applicable.

ONEQ vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONEQ Fidelity NASDAQ Composite Index Tracking Stock	-5.66%	20.89%	29.30%	45.73%	-32.12%	22.11%	44.87%	38.01%	-3.18%	29.29%
ETH-USD Ethereum	-27.34%	-10.91%	46.00%	90.84%	-67.48%	398.30%	473.88%	-1.52%	-82.39%	8,984.19%

Returns By Period

In the year-to-date period, ONEQ achieves a -5.66% return, which is significantly higher than ETH-USD's -27.34% return. Over the past 10 years, ONEQ has underperformed ETH-USD with an annualized return of 17.32%, while ETH-USD has yielded a comparatively higher 68.60% annualized return.

ONEQ

• 1D: 1.19%
• 1M: -3.69%
• YTD: -5.66%
• 6M: -3.52%
• 1Y: 26.29%
• 3Y*: 22.37%
• 5Y*: 11.29%
• 10Y*: 17.32%

ETH-USD

• 1D: 2.47%
• 1M: 6.32%
• YTD: -27.34%
• 6M: -50.45%
• 1Y: 13.15%
• 3Y*: 6.28%
• 5Y*: 0.20%
• 10Y*: 68.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ONEQ vs. ETH-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ONEQ

ONEQ Risk / Return Rank: 69
ONEQ Sharpe Ratio Rank: 62
ONEQ Sortino Ratio Rank: 67
ONEQ Omega Ratio Rank: 67
ONEQ Calmar Ratio Rank: 76
ONEQ Martin Ratio Rank: 71

ETH-USD

ETH-USD Risk / Return Rank: 79
ETH-USD Sharpe Ratio Rank: 85
ETH-USD Sortino Ratio Rank: 84
ETH-USD Omega Ratio Rank: 83
ETH-USD Calmar Ratio Rank: 72
ETH-USD Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ONEQ vs. ETH-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and Ethereum (ETH-USD). 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.

	ONEQ	ETH-USD	Difference
Sharpe ratio Return per unit of total volatility	1.14	0.18	+0.96
Sortino ratio Return per unit of downside risk	1.75	0.83	+0.93
Omega ratio Gain probability vs. loss probability	1.25	1.09	+0.17
Calmar ratio Return relative to maximum drawdown	2.08	-0.85	+2.93
Martin ratio Return relative to average drawdown	7.64	-1.46	+9.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONEQ vs. ETH-USD - Sharpe Ratio Comparison

The current ONEQ Sharpe Ratio is 1.14, which is higher than the ETH-USD Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of ONEQ and ETH-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ONEQ	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	0.18	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.00	+0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.72	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.80	-0.20

Correlation

The correlation between ONEQ and ETH-USD is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

ONEQ vs. ETH-USD - Drawdown Comparison

The maximum ONEQ drawdown since its inception was -55.09%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for ONEQ and ETH-USD.

Drawdown Indicators

	ONEQ	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-55.09%	-94.01%	+38.92%
Max Drawdown (1Y) Largest decline over 1 year	-13.13%	-62.26%	+49.13%
Max Drawdown (5Y) Largest decline over 5 years	-35.23%	-79.35%	+44.12%
Max Drawdown (10Y) Largest decline over 10 years	-35.23%	-94.01%	+58.78%
Current Drawdown Current decline from peak	-8.26%	-55.38%	+47.12%
Average Drawdown Average peak-to-trough decline	-8.01%	-50.81%	+42.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	36.32%	-32.75%

Volatility

ONEQ vs. ETH-USD - Volatility Comparison

The current volatility for Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) is 7.03%, while Ethereum (ETH-USD) has a volatility of 17.83%. This indicates that ONEQ experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONEQ	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.03%	17.83%	-10.80%
Volatility (6M) Calculated over the trailing 6-month period	12.96%	51.52%	-38.56%
Volatility (1Y) Calculated over the trailing 1-year period	23.24%	62.50%	-39.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.16%	63.60%	-41.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.67%	78.85%	-57.18%