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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONEQ or FNCMX.
Performance
ONEQ vs. FNCMX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with ONEQ having a 26.98% return and FNCMX slightly higher at 27.07%. Both investments have delivered pretty close results over the past 10 years, with ONEQ having a 16.14% annualized return and FNCMX not far behind at 15.36%.
ONEQ
26.98%
2.77%
13.24%
34.50%
18.55%
16.14%
FNCMX
27.07%
2.35%
13.22%
34.43%
17.60%
15.36%
Key characteristics
| ONEQ | FNCMX | |
|---|---|---|
| Sharpe Ratio | 1.95 | 1.92 |
| Sortino Ratio | 2.56 | 2.53 |
| Omega Ratio | 1.35 | 1.34 |
| Calmar Ratio | 2.55 | 2.56 |
| Martin Ratio | 9.69 | 9.61 |
| Ulcer Index | 3.49% | 3.50% |
| Daily Std Dev | 17.33% | 17.52% |
| Max Drawdown | -55.09% | -55.71% |
| Current Drawdown | -1.67% | -1.70% |
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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.
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.
Risk-Adjusted Performance
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.
Dividends
ONEQ vs. FNCMX - Dividend Comparison
ONEQ's dividend yield for the trailing twelve months is around 0.61%, more than FNCMX's 0.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.61% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.52% | 0.67% | 0.88% | 0.47% | 0.67% | 0.97% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% | 0.72% |
Drawdowns
ONEQ vs. FNCMX - Drawdown Comparison
The maximum ONEQ drawdown since its inception was -55.09%, roughly equal to the maximum FNCMX drawdown of -55.71%. Use the drawdown chart below to compare losses from any high point for ONEQ and FNCMX. For additional features, visit the drawdowns tool.
Volatility
ONEQ vs. FNCMX - Volatility Comparison
Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and Fidelity NASDAQ Composite Index Fund (FNCMX) have volatilities of 6.02% and 5.85%, 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.