RC vs. ONEQ
Compare and contrast key facts about Ready Capital Corporation (RC) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
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: RC or ONEQ.
Key characteristics
| RC | ONEQ | |
|---|---|---|
| YTD Return | -12.61% | 11.32% |
| 1Y Return | -6.73% | 35.07% |
| 3Y Return (Ann) | -4.11% | 9.06% |
| 5Y Return (Ann) | 2.31% | 17.62% |
| 10Y Return (Ann) | 5.57% | 16.23% |
| Sharpe Ratio | -0.12 | 2.32 |
| Daily Std Dev | 30.65% | 15.91% |
| Max Drawdown | -76.33% | -55.09% |
| Current Drawdown | -27.28% | -0.26% |
Correlation
The correlation between RC and ONEQ is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RC vs. ONEQ - Performance Comparison
In the year-to-date period, RC achieves a -12.61% return, which is significantly lower than ONEQ's 11.32% return. Over the past 10 years, RC has underperformed ONEQ with an annualized return of 5.57%, while ONEQ has yielded a comparatively higher 16.23% 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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Risk-Adjusted Performance
RC vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ready Capital Corporation (RC) 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
RC vs. ONEQ - Dividend Comparison
RC's dividend yield for the trailing twelve months is around 15.70%, more than ONEQ's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RC Ready Capital Corporation | 15.70% | 14.24% | 14.90% | 10.62% | 10.44% | 10.38% | 11.35% | 9.77% | 13.75% | 10.61% | 9.28% | 13.18% |
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
RC vs. ONEQ - Drawdown Comparison
The maximum RC drawdown since its inception was -76.33%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for RC and ONEQ. For additional features, visit the drawdowns tool.
Volatility
RC vs. ONEQ - Volatility Comparison
Ready Capital Corporation (RC) has a higher volatility of 8.79% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 5.26%. This indicates that RC's price experiences larger fluctuations and is considered to be riskier than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.