Correlation
The correlation between SAGPX and ONEQ is 0.91, 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.
SAGPX vs. ONEQ
Compare and contrast key facts about Principal Strategic Asset Management Conservative Growth Portfolio (SAGPX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
SAGPX is managed by Blackrock. It was launched on Jul 24, 1996. 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: SAGPX or ONEQ.
Performance
SAGPX vs. ONEQ - Performance Comparison
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Key characteristics
SAGPX:
0.77
ONEQ:
0.58
SAGPX:
1.04
ONEQ:
0.87
SAGPX:
1.15
ONEQ:
1.12
SAGPX:
0.71
ONEQ:
0.54
SAGPX:
2.96
ONEQ:
1.74
SAGPX:
3.29%
ONEQ:
7.44%
SAGPX:
14.27%
ONEQ:
26.11%
SAGPX:
-49.37%
ONEQ:
-55.09%
SAGPX:
-1.45%
ONEQ:
-5.18%
Returns By Period
In the year-to-date period, SAGPX achieves a 2.88% return, which is significantly higher than ONEQ's -0.98% return. Over the past 10 years, SAGPX has underperformed ONEQ with an annualized return of 7.72%, while ONEQ has yielded a comparatively higher 15.27% annualized return.
SAGPX
2.88%
3.91%
-0.70%
10.13%
9.64%
10.53%
7.72%
ONEQ
-0.98%
8.03%
-0.44%
14.90%
17.69%
16.14%
15.27%
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SAGPX vs. ONEQ - Expense Ratio Comparison
SAGPX has a 0.60% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
SAGPX vs. ONEQ — Risk-Adjusted Performance Rank
SAGPX
ONEQ
SAGPX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Strategic Asset Management Conservative Growth Portfolio (SAGPX) 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.
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Dividends
SAGPX vs. ONEQ - Dividend Comparison
SAGPX's dividend yield for the trailing twelve months is around 7.06%, more than ONEQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAGPX Principal Strategic Asset Management Conservative Growth Portfolio | 7.06% | 7.27% | 1.22% | 11.82% | 8.20% | 3.37% | 3.93% | 14.06% | 8.42% | 3.33% | 11.07% | 4.89% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.63% | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% |
Drawdowns
SAGPX vs. ONEQ - Drawdown Comparison
The maximum SAGPX drawdown since its inception was -49.37%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for SAGPX and ONEQ.
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Volatility
SAGPX vs. ONEQ - Volatility Comparison
The current volatility for Principal Strategic Asset Management Conservative Growth Portfolio (SAGPX) is 3.41%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 5.98%. This indicates that SAGPX 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.
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