PQIAX vs. ONEQ
Compare and contrast key facts about Principal Equity Income Fund (PQIAX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
PQIAX is managed by Principal. It was launched on May 31, 1939. 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: PQIAX or ONEQ.
Key characteristics
| PQIAX | ONEQ | |
|---|---|---|
| YTD Return | 16.01% | 20.05% |
| 1Y Return | 26.81% | 36.90% |
| 3Y Return (Ann) | 7.78% | 8.15% |
| 5Y Return (Ann) | 9.56% | 18.43% |
| 10Y Return (Ann) | 9.59% | 16.03% |
| Sharpe Ratio | 2.14 | 1.94 |
| Daily Std Dev | 11.59% | 17.71% |
| Max Drawdown | -54.68% | -55.09% |
| Current Drawdown | -0.25% | -3.52% |
Correlation
The correlation between PQIAX and ONEQ is 0.80, 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
PQIAX vs. ONEQ - Performance Comparison
In the year-to-date period, PQIAX achieves a 16.01% return, which is significantly lower than ONEQ's 20.05% return. Over the past 10 years, PQIAX has underperformed ONEQ with an annualized return of 9.59%, while ONEQ has yielded a comparatively higher 16.03% 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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PQIAX vs. ONEQ - Expense Ratio Comparison
PQIAX has a 0.86% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
PQIAX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Equity Income Fund (PQIAX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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
PQIAX vs. ONEQ - Dividend Comparison
PQIAX's dividend yield for the trailing twelve months is around 1.77%, more than ONEQ's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQIAX Principal Equity Income Fund | 1.77% | 2.59% | 5.37% | 5.05% | 1.52% | 4.30% | 7.41% | 6.28% | 3.73% | 2.11% | 1.75% | 2.00% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
PQIAX vs. ONEQ - Drawdown Comparison
The maximum PQIAX drawdown since its inception was -54.68%, roughly equal to the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for PQIAX and ONEQ. For additional features, visit the drawdowns tool.
Volatility
PQIAX vs. ONEQ - Volatility Comparison
The current volatility for Principal Equity Income Fund (PQIAX) is 3.05%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 6.50%. This indicates that PQIAX experiences smaller price fluctuations and is considered to be less risky than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.