^IXIC vs. ONEQ
Compare and contrast key facts about NASDAQ Composite (^IXIC) 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: ^IXIC or ONEQ.
Correlation
The correlation between ^IXIC and ONEQ is 0.98, 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
^IXIC vs. ONEQ - Performance Comparison
Key characteristics
^IXIC:
1.62
ONEQ:
1.69
^IXIC:
2.16
ONEQ:
2.23
^IXIC:
1.29
ONEQ:
1.31
^IXIC:
2.22
ONEQ:
2.27
^IXIC:
8.20
ONEQ:
8.56
^IXIC:
3.55%
ONEQ:
3.51%
^IXIC:
17.97%
ONEQ:
17.80%
^IXIC:
-77.93%
ONEQ:
-55.09%
^IXIC:
-3.97%
ONEQ:
-3.84%
Returns By Period
The year-to-date returns for both investments are quite close, with ^IXIC having a 29.05% return and ONEQ slightly higher at 29.85%. Over the past 10 years, ^IXIC has underperformed ONEQ with an annualized return of 15.05%, while ONEQ has yielded a comparatively higher 16.22% annualized return.
^IXIC
29.05%
2.03%
9.32%
31.09%
16.81%
15.05%
ONEQ
29.85%
2.22%
9.92%
32.07%
18.01%
16.22%
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Risk-Adjusted Performance
^IXIC vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) 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.
Drawdowns
^IXIC vs. ONEQ - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for ^IXIC and ONEQ. For additional features, visit the drawdowns tool.
Volatility
^IXIC vs. ONEQ - Volatility Comparison
NASDAQ Composite (^IXIC) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) have volatilities of 4.97% and 4.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.