Fidelity Nasdaq Composite ETF (ONEQ) Performance
ONEQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.3% since Dec 31, 2025
- 1 year
- +14.0% total return
- 5 years
- +12.5% a year
- 10 years
- +18.4% a year
- Since first price
- +13.2% a year since 2003
ONEQ trailing returns vs SPY, QQQ, AGG
| Period | ONEQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.7% | −3.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.4% | +3.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.4% | +6.2% | +7.8% | +8.4% | −1.5% |
| YTD | +12.3% | +11.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.0% | +13.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +103.5%+26.7%/yr | +99.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +80.4%+12.5%/yr | +74.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +439.4%+18.4%/yr | +393.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +1,041.6%+17.6%/yr | +886.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +1,220.8%+13.8%/yr | +1,004.1% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionOct 1, 2003 | +1,635.9%+13.2%/yr | +1,298.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ONEQ vs SPY
From Oct 1, 2003: ONEQ grew to $173,590, SPY to $113,258.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ONEQ returns by calendar year
18 of 22 full years positive. Best 2023 (+45.7%), worst 2008 (−39.8%). 2026 is year to date.
ONEQ annual returns table
| Year | ONEQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.3% | −12.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.9% | −23.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +29.3% | −13.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +45.7% | −11.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −32.1% | −34.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +22.1% | −10.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +44.9% | −30.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +36.8% | −10.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −3.2% | −23.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +29.3% | −3.7% | +21.7% | +32.7% | +3.6% |
| 2016 | +8.8% | −12.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +7.0% | −13.6% | +1.2% | +9.4% | +0.5% |
| 2014 | +14.7% | −8.3% | +13.5% | +19.2% | +6.0% |
| 2013 | +39.9% | −4.9% | +32.3% | +36.6% | −2.0% |
| 2012 | +16.6% | −11.8% | +16.0% | +18.1% | +3.8% |
| 2011 | −0.8% | −18.5% | +1.9% | +3.4% | +7.7% |
| 2010 | +17.8% | −17.3% | +15.1% | +19.9% | +6.4% |
| 2009 | +45.2% | −23.6% | +26.4% | +54.7% | +3.0% |
| 2008 | −39.8% | −49.4% | −36.8% | −41.7% | +7.9% |
| 2007 | +9.9% | −10.9% | +5.1% | +19.0% | +6.6% |
| 2006 | +10.3% | −14.7% | +15.8% | +7.1% | +3.9% |
| 2005 | +1.9% | −11.6% | +4.8% | +1.6% | +2.3% |
| 2004 | +10.0% | −18.4% | +10.7% | +10.5% | +3.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ONEQ largest drawdowns
Now 6.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 31, 2007 | −55.1% | Mar 9, 2009 | Feb 7, 2011 | 1.4 years | 3.3 years |
| Nov 19, 2021 | −35.2% | Dec 28, 2022 | Jan 29, 2024 | 1.1 years | 2.2 years |
| Feb 19, 2020 | −30.2% | Mar 23, 2020 | Jun 5, 2020 | 33 days | 4 months |
| Dec 16, 2024 | −24.1% | Apr 8, 2025 | Jun 26, 2025 | 4 months | 6 months |
| Aug 31, 2018 | −23.3% | Dec 24, 2018 | Apr 23, 2019 | 4 months | 8 months |
| Jul 7, 2011 | −18.5% | Oct 3, 2011 | Feb 2, 2012 | 3 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ONEQ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2003 |
|---|---|---|---|---|
| Annualized return | +27.5% | +14.3% | +18.7% | +13.2% |
| Volatility (annualized) | 17.2% | 20.3% | 18.8% | 17.9% |
| Sharpe ratio | 1.26 | 0.59 | 0.89 | — |
| Sortino ratio | 2.75 | 0.95 | 1.48 | — |
| Best month | +15.6% | +15.6% | +15.9% | +15.9% |
| Worst month | −8.2% | −13.3% | −13.3% | −18.7% |
| Best 12 months | +43.8% | +45.7% | +73.3% | +73.3% |
| Worst 12 months | +6.4% | −32.1% | −32.1% | −42.3% |
| Positive months | 67% | 62% | 68% | 63% |
| Beta vs S&P 500 | 1.30 | 1.22 | 1.15 | — |
| Correlation with S&P 500 | 0.94 | 0.94 | 0.94 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ONEQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 265 | −42.3% | +17.2% | +73.3% | 85% |
| 3-year (a year) | 241 | −15.0% | +14.3% | +34.3% | 89% |
| 5-year (a year) | 217 | −6.8% | +14.5% | +26.8% | 96% |
| 10-year (a year) | 157 | +8.0% | +15.3% | +20.8% | 100% |
Every holding period starting at a month-end since 2003. Returns for 3 years and longer are annualized.
ONEQ performance overview
Fidelity Nasdaq Composite ETF (ONEQ) returned +14.0% over the past year and +18.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2003 it has returned +13.2% a year, turning $10,000 into about $173,590. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −55.1%, from Oct 31, 2007 to Mar 9, 2009, and it took 1.9 years to get back to the old high. ONEQ finished 18 of its 22 full calendar years with a gain; the best year was 2023 (+45.7%) and the worst 2008 (−39.8%). Volatility has been 17.9% a year.
Related: ONEQ chart, ONEQ holdings, ONEQ dividends, ONEQ valuation. See the ONEQ overview for the latest quote and fund facts.
ONEQ performance FAQ
What is the ONEQ return over the past year?
ONEQ returned +14.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.4%.
What is the average annual return of ONEQ?
ONEQ has returned +12.5% a year over 5 years, +18.4% a year over 10 years, +13.2% a year since October 1, 2003 (total return, distributions reinvested).
How much would $10,000 invested in ONEQ be worth?
$10,000 invested in ONEQ at its first recorded close on October 1, 2003 would be worth about $173,590 on October 23, 2026 with distributions reinvested.
What was the worst year for ONEQ?
The worst calendar year was 2008, with a total return of −39.8%. The best was 2023 at +45.7%.
What is the biggest drawdown of ONEQ?
The largest peak-to-trough decline was −55.1% between October 31, 2007 and March 9, 2009. It recovered to the old high on February 7, 2011, 1.9 years after the bottom.
How volatile is ONEQ?
Over the past 3 years ONEQ had an annualized volatility of 17.2% and a Sharpe ratio of 1.26 (excess return over 1–3 month T-bills per unit of risk).