RFFC vs. ONEQ
Compare and contrast key facts about RiverFront Dynamic US Flex-Cap ETF (RFFC) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
RFFC and ONEQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFFC is an actively managed fund by SS&C. It was launched on Jun 7, 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: RFFC or ONEQ.
Key characteristics
| RFFC | ONEQ | |
|---|---|---|
| YTD Return | 7.39% | 4.45% |
| 1Y Return | 22.63% | 29.95% |
| 3Y Return (Ann) | 6.95% | 5.18% |
| 5Y Return (Ann) | 10.07% | 15.55% |
| Sharpe Ratio | 2.24 | 1.87 |
| Daily Std Dev | 11.50% | 15.85% |
| Max Drawdown | -36.26% | -55.09% |
| Current Drawdown | -4.28% | -4.53% |
Correlation
The correlation between RFFC and ONEQ is 0.87, 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
RFFC vs. ONEQ - Performance Comparison
In the year-to-date period, RFFC achieves a 7.39% return, which is significantly higher than ONEQ's 4.45% 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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RFFC vs. ONEQ - Expense Ratio Comparison
RFFC has a 0.52% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
RFFC vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverFront Dynamic US Flex-Cap ETF (RFFC) 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
RFFC vs. ONEQ - Dividend Comparison
RFFC's dividend yield for the trailing twelve months is around 1.13%, more than ONEQ's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFFC RiverFront Dynamic US Flex-Cap ETF | 1.13% | 1.35% | 1.41% | 0.71% | 1.39% | 1.34% | 1.36% | 0.93% | 0.66% | 0.00% | 0.00% | 0.00% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.70% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
RFFC vs. ONEQ - Drawdown Comparison
The maximum RFFC drawdown since its inception was -36.26%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for RFFC and ONEQ. For additional features, visit the drawdowns tool.
Volatility
RFFC vs. ONEQ - Volatility Comparison
The current volatility for RiverFront Dynamic US Flex-Cap ETF (RFFC) is 3.39%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 5.58%. This indicates that RFFC 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.