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ONEQ vs QQQ: Performance & Backtest Comparison
QQQ delivered the higher return - 14.77% CAGR vs 12.78% - over 2003-11-30 → 2026-07-31.
Growth comparison
Drawdown
Annual returns
| ONEQ | QQQ | |
|---|---|---|
| Name | Fidelity Nasdaq Composite Index ETF | Invesco QQQ Trust, Series 1 |
| CAGR | 12.78% | 14.77% |
| Total return | 1443.37% | 2195.10% |
| Volatility | 17.98% | 18.19% |
| Max drawdown | -51.18%Feb 2009 | -49.74%Feb 2009 |
| Sharpe | 0.67 | 0.76 |
| Sortino | 1.00 | 1.16 |
| Best year | 45.74% | 54.85% |
| Worst year | -39.80% | -41.73% |
| Final balance | $154,337 | $229,510 |
Correlation of monthly returns: 0.98. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, ONEQ or QQQ?
Over 2003-11-30 to 2026-07-31, QQQ performed better: 14.77% annualized versus 12.78% for ONEQ, with dividends reinvested. Past performance does not guarantee future results.
How similar are ONEQ and QQQ?
Their monthly returns have a correlation of 0.98 over the common period. ONEQ is Fidelity Nasdaq Composite Index ETF; QQQ is Invesco QQQ Trust, Series 1.
Which is riskier, ONEQ or QQQ?
Over the common period ONEQ had 17.98% annualized volatility and a -51.18% max drawdown, versus 18.19% and -49.74% for QQQ.