ONEQ vs. FETH
Compare and contrast key facts about Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and Fidelity Ethereum Fund (FETH).
ONEQ and FETH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003. FETH is a passively managed fund by Fidelity that tracks the performance of the Fidelity Ethereum Reference Rate Index. It was launched on Jul 22, 2024. Both ONEQ and FETH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ONEQ vs. FETH - Performance Comparison
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ONEQ vs. FETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | -6.77% | 20.89% | 7.78% |
FETH Fidelity Ethereum Fund | -29.48% | -11.37% | -3.61% |
Returns By Period
In the year-to-date period, ONEQ achieves a -6.77% return, which is significantly higher than FETH's -29.48% return.
ONEQ
- 1D
- 3.78%
- 1M
- -4.49%
- YTD
- -6.77%
- 6M
- -4.24%
- 1Y
- 25.78%
- 3Y*
- 21.89%
- 5Y*
- 11.02%
- 10Y*
- 17.18%
FETH
- 1D
- 3.67%
- 1M
- 8.89%
- YTD
- -29.48%
- 6M
- -49.75%
- 1Y
- 14.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ONEQ vs. FETH - Expense Ratio Comparison
ONEQ has a 0.21% expense ratio, which is higher than FETH's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
ONEQ vs. FETH — Risk / Return Rank
ONEQ
FETH
ONEQ vs. FETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and Fidelity Ethereum Fund (FETH). 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 | FETH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.19 | +0.92 |
Sortino ratioReturn per unit of downside risk | 1.72 | 0.84 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.10 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.19 | +1.76 |
Martin ratioReturn relative to average drawdown | 7.24 | 0.38 | +6.86 |
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 | FETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.19 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | -0.35 | +0.95 |
Correlation
The correlation between ONEQ and FETH is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ONEQ vs. FETH - Dividend Comparison
ONEQ's dividend yield for the trailing twelve months is around 0.83%, while FETH has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.83% | 0.54% | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 2.51% | 1.08% | 0.84% | 1.12% | 1.04% |
FETH Fidelity Ethereum Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ONEQ vs. FETH - Drawdown Comparison
The maximum ONEQ drawdown since its inception was -55.09%, smaller than the maximum FETH drawdown of -64.00%. Use the drawdown chart below to compare losses from any high point for ONEQ and FETH.
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Drawdown Indicators
| ONEQ | FETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.09% | -64.00% | +8.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.13% | -61.74% | +48.61% |
Max Drawdown (5Y)Largest decline over 5 years | -35.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | — | — |
Current DrawdownCurrent decline from peak | -9.34% | -56.86% | +47.52% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -30.47% | +22.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 30.48% | -26.95% |
Volatility
ONEQ vs. FETH - Volatility Comparison
The current volatility for Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) is 6.93%, while Fidelity Ethereum Fund (FETH) has a volatility of 19.25%. This indicates that ONEQ experiences smaller price fluctuations and is considered to be less risky than FETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONEQ | FETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 19.25% | -12.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 53.53% | -40.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.22% | 75.83% | -52.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.16% | 74.85% | -52.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.67% | 74.85% | -53.18% |