ONEQ vs. FNCMX
Compare and contrast key facts about Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and Fidelity NASDAQ Composite Index Fund (FNCMX).
ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003. FNCMX is managed by Fidelity.
Performance
ONEQ vs. FNCMX - Performance Comparison
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ONEQ vs. FNCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | -5.66% | 20.89% | 29.30% | 45.73% | -32.12% | 22.11% | 44.87% | 38.01% | -3.18% | 29.29% |
FNCMX Fidelity NASDAQ Composite Index Fund | -6.99% | 21.11% | 29.48% | 45.13% | -32.40% | 22.21% | 44.57% | 36.63% | -3.07% | 28.35% |
Returns By Period
In the year-to-date period, ONEQ achieves a -5.66% return, which is significantly higher than FNCMX's -6.99% return. Both investments have delivered pretty close results over the past 10 years, with ONEQ having a 17.32% annualized return and FNCMX not far behind at 16.86%.
ONEQ
- 1D
- 1.19%
- 1M
- -3.69%
- YTD
- -5.66%
- 6M
- -3.52%
- 1Y
- 26.29%
- 3Y*
- 22.37%
- 5Y*
- 11.29%
- 10Y*
- 17.32%
FNCMX
- 1D
- 3.83%
- 1M
- -5.04%
- YTD
- -6.99%
- 6M
- -4.89%
- 1Y
- 24.46%
- 3Y*
- 21.83%
- 5Y*
- 10.80%
- 10Y*
- 16.86%
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ONEQ vs. FNCMX - Expense Ratio Comparison
ONEQ has a 0.21% expense ratio, which is lower than FNCMX's 0.29% expense ratio.
Return for Risk
ONEQ vs. FNCMX — Risk / Return Rank
ONEQ
FNCMX
ONEQ vs. FNCMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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 | FNCMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.10 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.70 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.92 | +0.16 |
Martin ratioReturn relative to average drawdown | 7.64 | 7.03 | +0.61 |
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 | FNCMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.10 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.48 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.77 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.53 | +0.07 |
Correlation
The correlation between ONEQ and FNCMX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ONEQ vs. FNCMX - Dividend Comparison
ONEQ's dividend yield for the trailing twelve months is around 0.82%, more than FNCMX's 0.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.82% | 0.54% | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 2.51% | 1.08% | 0.84% | 1.12% | 1.04% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.55% | 0.51% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.03% | 1.01% | 1.50% |
Drawdowns
ONEQ vs. FNCMX - Drawdown Comparison
The maximum ONEQ drawdown since its inception was -55.09%, roughly equal to the maximum FNCMX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for ONEQ and FNCMX.
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Drawdown Indicators
| ONEQ | FNCMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.09% | -55.08% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.13% | -13.25% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -35.23% | -35.64% | +0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | -35.64% | +0.41% |
Current DrawdownCurrent decline from peak | -8.26% | -9.68% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -7.91% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.61% | -0.04% |
Volatility
ONEQ vs. FNCMX - Volatility Comparison
Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and Fidelity NASDAQ Composite Index Fund (FNCMX) have volatilities of 7.03% and 6.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONEQ | FNCMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 6.98% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 13.04% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.24% | 23.31% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.16% | 22.47% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.67% | 22.01% | -0.34% |