ONEQ vs. ^NDX
Compare and contrast key facts about Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and NASDAQ 100 (^NDX).
ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONEQ or ^NDX.
Correlation
The correlation between ONEQ and ^NDX is 0.96, 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. ^NDX - Performance Comparison
Key characteristics
ONEQ:
1.89
^NDX:
1.58
ONEQ:
2.46
^NDX:
2.12
ONEQ:
1.34
^NDX:
1.29
ONEQ:
2.53
^NDX:
2.11
ONEQ:
9.53
^NDX:
7.52
ONEQ:
3.51%
^NDX:
3.80%
ONEQ:
17.75%
^NDX:
18.07%
ONEQ:
-55.09%
^NDX:
-82.90%
ONEQ:
-2.80%
^NDX:
-3.65%
Returns By Period
In the year-to-date period, ONEQ achieves a 31.26% return, which is significantly higher than ^NDX's 26.53% return. Over the past 10 years, ONEQ has underperformed ^NDX with an annualized return of 16.40%, while ^NDX has yielded a comparatively higher 17.44% annualized return.
ONEQ
31.26%
3.37%
11.28%
31.83%
18.25%
16.40%
^NDX
26.53%
3.01%
8.06%
27.04%
19.69%
17.44%
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Risk-Adjusted Performance
ONEQ vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) and NASDAQ 100 (^NDX). 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.
Drawdowns
ONEQ vs. ^NDX - Drawdown Comparison
The maximum ONEQ drawdown since its inception was -55.09%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ONEQ and ^NDX. For additional features, visit the drawdowns tool.
Volatility
ONEQ vs. ^NDX - Volatility Comparison
The current volatility for Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) is 5.06%, while NASDAQ 100 (^NDX) has a volatility of 5.35%. This indicates that ONEQ experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.