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ONEQ vs. AGG

Fidelity Nasdaq Composite Index ETF

ONEQ
$--
vs

iShares Core U.S. Aggregate Bond ETF

AGG
$--

Correlation

0.31
ONEQFidelity Nasdaq Composite Index ETF
AGGiShares Core U.S. Aggregate Bond ETF

What is ONEQ?

The investment seeks to provide investment returns that closely corresponds to the price and yield performance of the Nasdaq Composite index. The fund normally invests at least 80% of assets in common stocks included in the index. Advisor uses a sampling technique based on quantitative analytic procedures to create a portfolio of securities listed in the Index that have a similar investment profile to the entire Index.

Snapshot
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ONEQ Fidelity Nasdaq Composite Index ETF
AGG iShares Core U.S. Aggregate Bond ETF
Inception date
Sep 25 2003
Sep 22 2003
Expense ratio
0.21%
0.03%
ONEQ has a higher expense ratio than AGG by 0.18%. This can indicate that it’s more expensive to invest in ONEQ than AGG.
Type
US Equities
US Bonds
ONEQ targets investing in US Equities, while AGG targets investing in US Bonds.
Fund owner
Fidelity
Blackrock (iShares)
ONEQ is managed by Fidelity, while AGG is managed by Blackrock (iShares).
Volume (1m avg. daily)
$10,883,307
$631,408,505
Both ONEQ and AGG are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$4,819,359,830
$91,680,069,240
ONEQ has more assets under management than AGG by $86,860,709,410. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
NASDAQ Composite Index
Bloomberg US Aggregate Bond Index
ONEQ is based off of the NASDAQ Composite Index, while AGG is based off of the Bloomberg US Aggregate Bond Index
Inverse/Leveraged
No
No
ONEQ and AGG use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
ONEQ and AGG both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
ONEQ and AGG may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither ONEQ nor AGG require a K1.
When ETFs are uncorrelated, it’s common for them to be used as complements in a trading strategy. This means it makes sense to be holding both of them at the same time, or to use one as a hedge for the other.

Automated Strategies
Related toONEQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toAGG

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic
trading strategy

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.