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ONEQ vs. ETH-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


-0.50.00.51.00.2

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.

-40.00%-30.00%-20.00%-10.00%0.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
8.94%
1.67%
ONEQ
ETH-USD

Key characteristics

Sharpe Ratio

ONEQ:

1.72

ETH-USD:

0.05

Sortino Ratio

ONEQ:

2.27

ETH-USD:

0.58

Omega Ratio

ONEQ:

1.31

ETH-USD:

1.06

Calmar Ratio

ONEQ:

2.32

ETH-USD:

0.01

Martin Ratio

ONEQ:

8.77

ETH-USD:

0.13

Ulcer Index

ONEQ:

3.50%

ETH-USD:

23.92%

Daily Std Dev

ONEQ:

17.81%

ETH-USD:

53.91%

Max Drawdown

ONEQ:

-55.09%

ETH-USD:

-93.96%

Current Drawdown

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

YTD

29.73%

1M

3.20%

6M

8.94%

1Y

29.92%

5Y*

18.01%

10Y*

16.25%

ETH-USD

YTD

58.62%

1M

12.81%

6M

1.67%

1Y

66.16%

5Y*

94.78%

10Y*

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.


Sharpe ratio
The chart of Sharpe ratio for ONEQ, currently valued at 1.63, compared to the broader market0.002.004.001.630.05
The chart of Sortino ratio for ONEQ, currently valued at 2.11, compared to the broader market-2.000.002.004.006.008.0010.002.110.58
The chart of Omega ratio for ONEQ, currently valued at 1.29, compared to the broader market0.501.001.502.002.503.001.291.06
The chart of Calmar ratio for ONEQ, currently valued at 0.76, compared to the broader market0.005.0010.0015.000.760.01
The chart of Martin ratio for ONEQ, currently valued at 7.60, compared to the broader market0.0020.0040.0060.0080.00100.007.600.13
ONEQ
ETH-USD

The current ONEQ Sharpe Ratio is 1.72, which is higher than the ETH-USD Sharpe Ratio of 0.05. 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.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
1.63
0.05
ONEQ
ETH-USD

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.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.93%
-24.80%
ONEQ
ETH-USD

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.


5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
5.03%
20.98%
ONEQ
ETH-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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