ONEQ vs. IEMG
Compare and contrast key facts about Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and iShares Core MSCI Emerging Markets ETF (IEMG).
ONEQ and IEMG 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. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012. Both ONEQ and IEMG 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 IEMG.
Key characteristics
| ONEQ | IEMG | |
|---|---|---|
| YTD Return | 3.83% | 2.19% |
| 1Y Return | 30.50% | 10.91% |
| 3Y Return (Ann) | 4.96% | -4.96% |
| 5Y Return (Ann) | 15.06% | 2.19% |
| 10Y Return (Ann) | 15.45% | 2.99% |
| Sharpe Ratio | 1.84 | 0.70 |
| Daily Std Dev | 15.87% | 14.26% |
| Max Drawdown | -55.09% | -38.72% |
| Current Drawdown | -5.10% | -19.06% |
Correlation
The correlation between ONEQ and IEMG is 0.67, 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.
Performance
ONEQ vs. IEMG - Performance Comparison
In the year-to-date period, ONEQ achieves a 3.83% return, which is significantly higher than IEMG's 2.19% return. Over the past 10 years, ONEQ has outperformed IEMG with an annualized return of 15.45%, while IEMG has yielded a comparatively lower 2.99% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ONEQ vs. IEMG - Expense Ratio Comparison
ONEQ has a 0.21% expense ratio, which is higher than IEMG's 0.14% 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%.
Risk-Adjusted Performance
ONEQ vs. IEMG - 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 Emerging Markets ETF (IEMG). 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. IEMG - Dividend Comparison
ONEQ's dividend yield for the trailing twelve months is around 0.70%, less than IEMG's 2.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.70% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.82% | 2.89% | 2.71% | 3.06% | 1.87% | 3.14% | 2.74% | 2.33% | 2.26% | 2.51% | 2.29% | 1.75% |
Drawdowns
ONEQ vs. IEMG - Drawdown Comparison
The maximum ONEQ drawdown since its inception was -55.09%, which is greater than IEMG's maximum drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for ONEQ and IEMG. For additional features, visit the drawdowns tool.
Volatility
ONEQ vs. IEMG - Volatility Comparison
Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a higher volatility of 5.54% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 4.19%. This indicates that ONEQ's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.