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ONEQ vs. FNCMX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ONEQ and FNCMX is 0.91, 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.


Performance

ONEQ vs. FNCMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and Fidelity NASDAQ Composite Index Fund (FNCMX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ONEQ:

0.49

FNCMX:

0.57

Sortino Ratio

ONEQ:

0.91

FNCMX:

0.99

Omega Ratio

ONEQ:

1.13

FNCMX:

1.14

Calmar Ratio

ONEQ:

0.57

FNCMX:

0.63

Martin Ratio

ONEQ:

1.86

FNCMX:

2.08

Ulcer Index

ONEQ:

7.39%

FNCMX:

7.36%

Daily Std Dev

ONEQ:

26.00%

FNCMX:

25.99%

Max Drawdown

ONEQ:

-55.09%

FNCMX:

-55.08%

Current Drawdown

ONEQ:

-6.32%

FNCMX:

-4.91%

Returns By Period

In the year-to-date period, ONEQ achieves a -2.16% return, which is significantly lower than FNCMX's -0.65% return. Both investments have delivered pretty close results over the past 10 years, with ONEQ having a 15.14% annualized return and FNCMX not far behind at 15.11%.


ONEQ

YTD

-2.16%

1M

18.95%

6M

-0.37%

1Y

12.69%

3Y*

19.70%

5Y*

16.26%

10Y*

15.14%

FNCMX

YTD

-0.65%

1M

20.71%

6M

1.22%

1Y

14.40%

3Y*

20.11%

5Y*

16.54%

10Y*

15.11%

*Annualized

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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.


Risk-Adjusted Performance

ONEQ vs. FNCMX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ONEQ
The Risk-Adjusted Performance Rank of ONEQ is 5454
Overall Rank
The Sharpe Ratio Rank of ONEQ is 4848
Sharpe Ratio Rank
The Sortino Ratio Rank of ONEQ is 5454
Sortino Ratio Rank
The Omega Ratio Rank of ONEQ is 5555
Omega Ratio Rank
The Calmar Ratio Rank of ONEQ is 6060
Calmar Ratio Rank
The Martin Ratio Rank of ONEQ is 5252
Martin Ratio Rank

FNCMX
The Risk-Adjusted Performance Rank of FNCMX is 6262
Overall Rank
The Sharpe Ratio Rank of FNCMX is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of FNCMX is 6262
Sortino Ratio Rank
The Omega Ratio Rank of FNCMX is 6363
Omega Ratio Rank
The Calmar Ratio Rank of FNCMX is 7070
Calmar Ratio Rank
The Martin Ratio Rank of FNCMX is 5959
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ONEQ vs. FNCMX - Risk-Adjusted Performance 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.


The current ONEQ Sharpe Ratio is 0.49, which is comparable to the FNCMX Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of ONEQ and FNCMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

ONEQ vs. FNCMX - Dividend Comparison

ONEQ's dividend yield for the trailing twelve months is around 0.64%, more than FNCMX's 0.61% yield.


TTM20242023202220212020201920182017201620152014
ONEQ
Fidelity NASDAQ Composite Index Tracking Stock
0.64%0.65%0.71%0.97%0.54%0.71%1.64%1.08%0.84%1.12%1.04%1.19%
FNCMX
Fidelity NASDAQ Composite Index Fund
0.61%0.61%0.67%0.88%0.47%0.67%4.41%1.93%0.73%1.01%0.89%1.24%

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. For additional features, visit the drawdowns tool.


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Volatility

ONEQ vs. FNCMX - Volatility Comparison

Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and Fidelity NASDAQ Composite Index Fund (FNCMX) have volatilities of 6.14% and 6.01%, 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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