^NDX vs. ONEQ
Compare and contrast key facts about NASDAQ 100 (^NDX) 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: ^NDX or ONEQ.
Performance
^NDX vs. ONEQ - Performance Comparison
Returns By Period
In the year-to-date period, ^NDX achieves a 23.27% return, which is significantly lower than ONEQ's 26.85% return. Over the past 10 years, ^NDX has outperformed ONEQ with an annualized return of 17.12%, while ONEQ has yielded a comparatively lower 16.02% annualized return.
^NDX
23.27%
1.72%
11.37%
29.62%
20.24%
17.12%
ONEQ
26.85%
2.13%
13.53%
33.62%
18.50%
16.02%
Key characteristics
| ^NDX | ONEQ | |
|---|---|---|
| Sharpe Ratio | 1.71 | 1.98 |
| Sortino Ratio | 2.30 | 2.60 |
| Omega Ratio | 1.31 | 1.36 |
| Calmar Ratio | 2.22 | 2.59 |
| Martin Ratio | 8.00 | 9.84 |
| Ulcer Index | 3.77% | 3.49% |
| Daily Std Dev | 17.59% | 17.32% |
| Max Drawdown | -82.90% | -55.09% |
| Current Drawdown | -1.78% | -1.77% |
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Correlation
The correlation between ^NDX and ONEQ is 0.96, 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.
Risk-Adjusted Performance
^NDX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 (^NDX) 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
^NDX vs. ONEQ - Drawdown Comparison
The maximum ^NDX drawdown since its inception was -82.90%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for ^NDX and ONEQ. For additional features, visit the drawdowns tool.
Volatility
^NDX vs. ONEQ - Volatility Comparison
The current volatility for NASDAQ 100 (^NDX) is 5.40%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 5.73%. This indicates that ^NDX 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.