ONEQ vs. ETH-USD
ONEQ (Fidelity Nasdaq Composite Index ETF) is Large Cap Growth Equities fund tracking the Nasdaq Composite Index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, ONEQ returned 18.60%/yr vs 66.67%/yr for ETH-USD. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
ONEQ vs. ETH-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ONEQ achieves a 12.39% return, which is significantly higher than ETH-USD's -37.66% return. Over the past 10 years, ONEQ has underperformed ETH-USD with an annualized return of 18.60%, while ETH-USD has yielded a comparatively higher 66.67% annualized return.
ONEQ
- 1D
- 2.04%
- 1M
- 0.40%
- 6M
- 10.70%
- YTD
- 12.39%
- 1Y
- 26.91%
- 3Y*
- 24.22%
- 5Y*
- 13.06%
- 10Y*
- 18.60%
- ALL TIME*
- 13.40%
ETH-USD
- 1D
- -1.80%
- 1M
- 3.94%
- 6M
- -21.14%
- YTD
- -37.66%
- 1Y
- -47.12%
- 3Y*
- 0.40%
- 5Y*
- -7.46%
- 10Y*
- 66.67%
- ALL TIME*
- 79.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ETH-USD Ethereum | $17.73T | $18.49T | $25.40T |
| $34.83M | $32.03M | $39.48M |
ONEQ vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONEQ Fidelity Nasdaq Composite Index ETF | 12.39% | 20.89% | 29.30% | 45.73% | -32.12% | 22.11% | 44.87% | 38.01% | -3.18% | 29.29% |
ETH-USD Ethereum | -37.66% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between ONEQ and ETH-USD is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.18 |
Over the past year, ONEQ and ETH-USD have become more correlated (0.39) than their long-term average of 0.18, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ONEQ vs. ETH-USD — Risk / Return Rank
ONEQ
ETH-USD
ONEQ vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Nasdaq Composite Index ETF (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ONEQ | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.91 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | -0.70 | +2.84 |
| Martin ratioReturn relative to average drawdown | 7.14 | -1.03 | +8.17 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| ONEQ | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.09% | -94.01% | +38.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.64% | -67.60% | +54.96% |
Max Drawdown (3Y)Largest decline over 3 years | -24.09% | -67.60% | +43.51% |
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 DrawdownCurrent decline from peak | -4.07% | -61.72% | +57.65% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -51.05% | +43.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 35.03% | -31.25% |
Volatility
ONEQ vs. ETH-USD - Volatility Comparison
The current volatility for Fidelity Nasdaq Composite Index ETF (ONEQ) is 6.04%, while Ethereum (ETH-USD) has a volatility of 11.81%. 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.
Loading charts...
Volatility by Period
| ONEQ | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 11.81% | -5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 43.61% | -28.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.27% | 54.70% | -36.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 58.50% | -36.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 76.00% | -54.17% |
Frequently Asked Questions
ONEQ and ETH-USD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (11.81%) compared to ONEQ (6.04%). In terms of maximum drawdown, ONEQ dropped -55.09% vs ETH-USD's -94.01%.
ONEQ currently has the higher Sharpe Ratio (1.48 vs -0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ONEQ and ETH-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer