ONEQ: Fidelity Nasdaq Composite Index ETF returns, drawdowns and risk
Funds that track the Nasdaq-100: the 100 largest non-financial companies listed on the Nasdaq, heavy in technology.
Data updated October 2026
ONEQ · US exchange · USDCategory: Nasdaq-100 ETFsData from October 2006
From October 2006 to October 2026 ONEQ returned 13.2% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $119,292.
Its deepest fall was 55.5%, from October 2007 to March 2009, and it took about 40 months to get back to the previous high. Annual volatility was 21.6%; at the last close it was 4.2% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 240 months both have data, the correlation of monthly returns was 0.94: they moved almost in lockstep. Beta was 1.14. In months when SPY rose, ONEQ moved 115% as much on average; in months when SPY fell, 110% as much.
Key figures
- Annual return (CAGR)
- +13.2%
- 1-year return
- +17.3%
- 5 years, a year
- +12.9%
- 10 years, a year
- +18.1%
- Annual volatility
- 21.6%
- Maximum drawdown
- −55.5%
- Sharpe ratio
- 0.61
- Worst year
- 2008: −40.2%
Trailing returns
| Period | ONEQ | SPY |
|---|---|---|
| 1 year | +17.3% | +16.6% |
| 3 years, a year | +27.0% | +23.1% |
| 5 years, a year | +12.9% | +12.7% |
| 10 years, a year | +18.1% | +15.4% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: ONEQ vs SPY
Month-end values from November 2006, the first month both funds have data.
ONEQ drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | ONEQ | SPY |
|---|---|---|
| 2026(partial) | +14.3% | +13.3% |
| 2025 | +20.9% | +17.7% |
| 2024 | +29.3% | +24.9% |
| 2023 | +45.7% | +26.2% |
| 2022 | −32.1% | −18.2% |
| 2021 | +22.0% | +28.7% |
| 2020 | +43.6% | +18.3% |
| 2019 | +34.7% | +31.2% |
| 2018 | −4.0% | −4.6% |
| 2017 | +28.2% | +21.7% |
| 2016 | +7.7% | +12.0% |
| 2015 | +6.0% | +1.2% |
| 2014 | +13.4% | +13.5% |
| 2013 | +38.7% | +32.3% |
| 2012 | +15.1% | +16.0% |
| 2011 | −1.6% | +1.9% |
| 2010 | +17.0% | +15.1% |
| 2009 | +44.4% | +26.4% |
| 2008 | −40.2% | −36.8% |
| 2007 | +9.4% | +5.1% |
| 2006(partial) | +3.4% | — |
ONEQ compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of ONEQ?
From October 2006 to October 2026 ONEQ returned 13.2% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +12.9% a year. Over the last 12 months: +17.3%.
What was the worst drawdown of ONEQ?
55.5%, from October 2007 to March 2009; it took about 40 months from the previous high to get back to it.
How volatile is ONEQ?
Annual volatility was 21.6% over the period. Its worst month was −18.7% and 63% of months were positive. Worst calendar year: 2008 (−40.2%).
How closely does ONEQ follow SPY?
Over 240 months the correlation of monthly returns was 0.94, so they moved almost in lockstep, with a beta of 1.14.
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Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.