RFEU vs. ONEQ
Compare and contrast key facts about First Trust RiverFront Dynamic Europe ETF (RFEU) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
RFEU and ONEQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFEU is an actively managed fund by First Trust. It was launched on Apr 14, 2016. 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: RFEU or ONEQ.
Performance
RFEU vs. ONEQ - Performance Comparison
Returns By Period
In the year-to-date period, RFEU achieves a -1.09% return, which is significantly lower than ONEQ's 27.03% return.
RFEU
-1.09%
-6.83%
-6.21%
4.22%
3.97%
N/A
ONEQ
27.03%
2.76%
13.15%
33.84%
18.59%
16.16%
Key characteristics
| RFEU | ONEQ | |
|---|---|---|
| Sharpe Ratio | 1.01 | 2.03 |
| Sortino Ratio | 1.48 | 2.65 |
| Omega Ratio | 1.18 | 1.36 |
| Calmar Ratio | 0.63 | 2.66 |
| Martin Ratio | 5.14 | 10.10 |
| Ulcer Index | 2.88% | 3.49% |
| Daily Std Dev | 14.42% | 17.35% |
| Max Drawdown | -39.74% | -55.09% |
| Current Drawdown | -13.93% | -1.63% |
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RFEU vs. ONEQ - Expense Ratio Comparison
RFEU has a 0.83% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Correlation
The correlation between RFEU and ONEQ is 0.58, 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.
Risk-Adjusted Performance
RFEU vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RiverFront Dynamic Europe ETF (RFEU) 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
RFEU vs. ONEQ - Dividend Comparison
RFEU's dividend yield for the trailing twelve months is around 2.60%, more than ONEQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFEU First Trust RiverFront Dynamic Europe ETF | 2.60% | 3.37% | 4.98% | 1.82% | 2.32% | 3.08% | 2.84% | 1.35% | 3.16% | 0.00% | 0.00% | 0.00% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.61% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
RFEU vs. ONEQ - Drawdown Comparison
The maximum RFEU drawdown since its inception was -39.74%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for RFEU and ONEQ. For additional features, visit the drawdowns tool.
Volatility
RFEU vs. ONEQ - Volatility Comparison
The current volatility for First Trust RiverFront Dynamic Europe ETF (RFEU) is 4.74%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 6.04%. This indicates that RFEU 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.