ONEQ vs. SGRT

Last updated Jun 4, 2026

ONEQ (Fidelity Nasdaq Composite Index ETF) and SGRT (SMART Earnings Growth 30 ETF) are both Large Cap Growth Equities funds. ONEQ is passively managed, while SGRT is actively managed. A 0.74 correlation means they provide meaningful diversification when combined. ONEQ charges 0.21%/yr vs 0.59%/yr for SGRT.

Performance

ONEQ vs. SGRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Nasdaq Composite Index ETF (ONEQ) and SMART Earnings Growth 30 ETF (SGRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONEQ achieves a 16.16% return, which is significantly lower than SGRT's 51.46% return.

ONEQ

• 1D: -0.85%
• 1M: 7.21%
• YTD: 16.16%
• 6M: 15.18%
• 1Y: 39.62%
• 3Y*: 27.68%
• 5Y*: 15.43%
• 10Y*: 19.68%

SGRT

• 1D: 0.03%
• 1M: 14.68%
• YTD: 51.46%
• 6M: 56.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ONEQ vs. SGRT - Yearly Performance Comparison

	2026 (YTD)	2025
ONEQ Fidelity Nasdaq Composite Index ETF	16.16%	9.98%
SGRT SMART Earnings Growth 30 ETF	51.46%	25.25%

Correlation

The correlation between ONEQ and SGRT is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025	0.74

Return for Risk

ONEQ vs. SGRT — Risk / Return Rank

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

ONEQ

ONEQ Risk / Return Rank: 68
ONEQ Sharpe Ratio Rank: 74
ONEQ Sortino Ratio Rank: 70
ONEQ Omega Ratio Rank: 69
ONEQ Calmar Ratio Rank: 62
ONEQ Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ONEQ vs. SGRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Nasdaq Composite Index ETF (ONEQ) and SMART Earnings Growth 30 ETF (SGRT). 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	SGRT	Difference
Sharpe ratio: Return per unit of total volatility	2.48	—	—
Sortino ratio: Return per unit of downside risk	3.26	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.15	—	—
Martin ratio: Return relative to average drawdown	12.46	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ONEQ	SGRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	3.81	-3.15

Drawdowns

ONEQ vs. SGRT - Drawdown Comparison

The maximum ONEQ drawdown since its inception was -55.09%, which is greater than SGRT's maximum drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for ONEQ and SGRT.

Drawdown Indicators

	ONEQ	SGRT	Difference
Max Drawdown Largest peak-to-trough decline	-55.09%	-17.87%	-37.22%
Max Drawdown (1Y) Largest decline over 1 year	-12.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.23%	—	—
Current Drawdown Current decline from peak	-0.85%	0.00%	-0.85%
Average Drawdown Average peak-to-trough decline	-7.95%	-3.11%	-4.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	—	—

Volatility

Volatility by Period

	ONEQ	SGRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.05%	33.41%	-17.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.14%	33.41%	-11.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.71%	33.41%	-11.70%

ONEQ vs. SGRT - Expense Ratio Comparison

ONEQ has a 0.21% expense ratio, which is lower than SGRT's 0.59% expense ratio.

Dividends

ONEQ vs. SGRT - Dividend Comparison

ONEQ's dividend yield for the trailing twelve months is around 0.67%, more than SGRT's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ONEQ Fidelity Nasdaq Composite Index ETF	0.67%	0.54%	0.65%	0.71%	0.97%	0.54%	0.71%	2.51%	1.08%	0.84%	1.12%	1.04%
SGRT SMART Earnings Growth 30 ETF	0.11%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONEQ and SGRT in my portfolio?

ONEQ and SGRT have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ONEQ or SGRT?

On fees, ONEQ is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ONEQ or SGRT?

ONEQ is cheaper with a 0.21% expense ratio, compared with 0.59% for SGRT.

Which ETF pays a higher dividend yield, ONEQ or SGRT?

ONEQ has the higher dividend yield at 0.67%, compared with 0.11% for SGRT.

What is the main difference between ONEQ and SGRT?

Their fees differ too: 0.21% for ONEQ and 0.59% for SGRT.