ONEQ vs. IEFA
Compare and contrast key facts about Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and iShares Core MSCI EAFE ETF (IEFA).
ONEQ and IEFA 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. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012. Both ONEQ and IEFA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONEQ or IEFA.
Performance
ONEQ vs. IEFA - Performance Comparison
Returns By Period
In the year-to-date period, ONEQ achieves a 26.98% return, which is significantly higher than IEFA's 4.06% return. Over the past 10 years, ONEQ has outperformed IEFA with an annualized return of 16.14%, while IEFA has yielded a comparatively lower 5.18% annualized return.
ONEQ
26.98%
2.77%
13.24%
34.50%
18.55%
16.14%
IEFA
4.06%
-4.64%
-2.46%
10.80%
5.43%
5.18%
Key characteristics
| ONEQ | IEFA | |
|---|---|---|
| Sharpe Ratio | 1.95 | 0.81 |
| Sortino Ratio | 2.56 | 1.19 |
| Omega Ratio | 1.35 | 1.14 |
| Calmar Ratio | 2.55 | 1.19 |
| Martin Ratio | 9.69 | 3.70 |
| Ulcer Index | 3.49% | 2.81% |
| Daily Std Dev | 17.33% | 12.80% |
| Max Drawdown | -55.09% | -34.78% |
| Current Drawdown | -1.67% | -8.65% |
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ONEQ vs. IEFA - Expense Ratio Comparison
ONEQ has a 0.21% expense ratio, which is higher than IEFA's 0.07% 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%.
Correlation
The correlation between ONEQ and IEFA is 0.72, 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. IEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and iShares Core MSCI EAFE ETF (IEFA). 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. IEFA - Dividend Comparison
ONEQ's dividend yield for the trailing twelve months is around 0.61%, less than IEFA's 3.17% 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% |
IEFA iShares Core MSCI EAFE ETF | 3.17% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% | 2.16% |
Drawdowns
ONEQ vs. IEFA - Drawdown Comparison
The maximum ONEQ drawdown since its inception was -55.09%, which is greater than IEFA's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for ONEQ and IEFA. For additional features, visit the drawdowns tool.
Volatility
ONEQ vs. IEFA - Volatility Comparison
Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a higher volatility of 6.02% compared to iShares Core MSCI EAFE ETF (IEFA) at 3.81%. This indicates that ONEQ's price experiences larger fluctuations and is considered to be riskier than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.