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ONEQ vs QQQ: Performance & Backtest Comparison
QQQ delivered the higher return - 15.22% CAGR vs 13.11% - over 2003-11-30 → 2026-06-30.
Growth comparison
Drawdown
Annual returns
| ONEQ | QQQ | |
|---|---|---|
| Name | Fidelity Nasdaq Composite Index ETF | Invesco QQQ Trust, Series 1 |
| CAGR | 13.11% | 15.22% |
| Total return | 1531.78% | 2381.68% |
| Volatility | 17.96% | 18.16% |
| Max drawdown | -51.18%Feb 2009 | -49.74%Feb 2009 |
| Sharpe | 0.68 | 0.78 |
| Sortino | 1.02 | 1.19 |
| Best year | 45.73% | 54.86% |
| Worst year | -39.80% | -41.73% |
| Final balance | $163,178 | $248,168 |
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 2026-06-30, QQQ performed better: 15.22% annualized versus 13.11% 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 17.96% annualized volatility and a -51.18% max drawdown, versus 18.16% and -49.74% for QQQ.