ONEQ vs. ETH-USD
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONEQ or ETH-USD.
Correlation
The correlation between ONEQ and ETH-USD is 0.16, 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.
Performance
ONEQ vs. ETH-USD - Performance Comparison
Key characteristics
ONEQ:
1.72
ETH-USD:
0.05
ONEQ:
2.27
ETH-USD:
0.58
ONEQ:
1.31
ETH-USD:
1.06
ONEQ:
2.32
ETH-USD:
0.01
ONEQ:
8.77
ETH-USD:
0.13
ONEQ:
3.50%
ETH-USD:
23.92%
ONEQ:
17.81%
ETH-USD:
53.91%
ONEQ:
-55.09%
ETH-USD:
-93.96%
ONEQ:
-3.93%
ETH-USD:
-24.80%
Returns By Period
In the year-to-date period, ONEQ achieves a 29.73% return, which is significantly lower than ETH-USD's 58.62% return.
ONEQ
29.73%
3.20%
8.94%
29.92%
18.01%
16.25%
ETH-USD
58.62%
12.81%
1.67%
66.16%
94.78%
N/A
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Risk-Adjusted Performance
ONEQ vs. ETH-USD - Risk-Adjusted Performance 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.
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 -93.96%. Use the drawdown chart below to compare losses from any high point for ONEQ and ETH-USD. For additional features, visit the drawdowns tool.
Volatility
ONEQ vs. ETH-USD - Volatility Comparison
The current volatility for Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) is 5.03%, while Ethereum (ETH-USD) has a volatility of 20.98%. 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.