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 19.60%/yr vs 61.87%/yr for ETH-USD. At a 0.18 correlation, their price movements are largely independent.
Performance
ONEQ vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ONEQ achieves a 16.03% return, which is significantly higher than ETH-USD's -40.81% return. Over the past 10 years, ONEQ has underperformed ETH-USD with an annualized return of 19.60%, while ETH-USD has yielded a comparatively higher 61.87% annualized return.
ONEQ
- 1D
- -0.10%
- 1M
- 6.04%
- YTD
- 16.03%
- 6M
- 14.80%
- 1Y
- 39.05%
- 3Y*
- 27.61%
- 5Y*
- 15.41%
- 10Y*
- 19.60%
ETH-USD
- 1D
- -3.01%
- 1M
- -25.60%
- YTD
- -40.81%
- 6M
- -43.97%
- 1Y
- -32.69%
- 3Y*
- -1.02%
- 5Y*
- -7.76%
- 10Y*
- 61.87%
ONEQ vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONEQ Fidelity Nasdaq Composite Index ETF | 16.03% | 20.89% | 29.30% | 45.73% | -32.12% | 22.11% | 44.87% | 38.01% | -3.18% | 29.29% |
ETH-USD Ethereum | -40.81% | -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 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2015 | 0.18 |
Over the past year, ONEQ and ETH-USD have become more correlated (0.42) than their long-term average of 0.18, meaning their price movements have been converging.
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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.
| ONEQ | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.93 | ||
| Sortino ratioReturn per unit of downside risk | +3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.96 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | -0.51 | +3.62 |
| Martin ratioReturn relative to average drawdown | 12.28 | -0.86 | +13.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ONEQ | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | -0.49 | +2.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | -0.11 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.66 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.76 | -0.11 |
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.
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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% | -63.65% | +51.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.09% | -63.80% | +39.71% |
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 | -0.96% | -63.65% | +62.69% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -50.87% | +42.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 43.81% | -40.62% |
Volatility
ONEQ vs. ETH-USD - Volatility Comparison
The current volatility for Fidelity Nasdaq Composite Index ETF (ONEQ) is 4.17%, while Ethereum (ETH-USD) has a volatility of 10.87%. 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.
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Volatility by Period
| ONEQ | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 10.87% | -6.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 45.09% | -33.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 55.92% | -39.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.14% | 59.51% | -37.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 77.97% | -56.26% |
Frequently Asked Questions
ONEQ and ETH-USD have a correlation of 0.42, 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 (10.87%) compared to ONEQ (4.17%). In terms of maximum drawdown, ONEQ dropped -55.09% vs ETH-USD's -94.01%.
ONEQ currently has the higher Sharpe Ratio (2.45 vs -0.49), 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.
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