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ETF Comparisons

ONEQ vs. ITOT

Fidelity Nasdaq Composite Index ETF

ONEQ
$--
vs

iShares Core S&P Total U.S. Stock Market ETF

ITOT
$--

Correlation

0.95

Compare with

Top 10 comparisons with ONEQ:
Compare:
ONEQ
Correlation
With:
ITOT
iShares Core S&P Total U.S. Stock Market ETF
0.95
SwitchVUGVanguard Group, Inc. - Vanguard Growth ETF0.99QQQMInvesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF0.99QQQInvesco Capital Management LLC - Invesco QQQ Trust Series 10.99TQQQProShares Trust - ProShares UltraPro QQQ 3x Shares0.99QLDProShares Trust - ProShares Ultra QQQ 2x Shares0.99SCHGSchwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF0.99IWFBlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF0.99MGKVanguard Group, Inc. - Vanguard Mega Cap Growth ETF0.99VONGVanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF0.99IWYBlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF0.99

Top 10 shared holdings

Invest with ONEQ
Learn more about ITOT
ONEQFidelity Nasdaq Composite Index ETF
ITOTiShares Core S&P Total U.S. Stock Market 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
**

ONEQ Fidelity Nasdaq Composite Index ETF
ITOT iShares Core S&P Total U.S. Stock Market ETF
Inception date
Sep 25 2003
Jan 20 2004
Expense ratio
0.21%
0.03%
ONEQ has a higher expense ratio than ITOT by 0.18%. This can indicate that it’s more expensive to invest in ONEQ than ITOT.
Type
US Equities
US Equities
ONEQ targets investing in US Equities, while ITOT targets investing in US Equities.
Fund owner
Fidelity
Blackrock (iShares)
ONEQ is managed by Fidelity, while ITOT is managed by Blackrock (iShares).
Volume (1m avg. daily)
$10,883,307
$92,311,586
Both ONEQ and ITOT 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
$43,679,376,151
ONEQ has more assets under management than ITOT by $38,860,016,321. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
NASDAQ Composite Index
S&P Total Market Index
ONEQ is based off of the NASDAQ Composite Index, while ITOT is based off of the S&P Total Market Index
Inverse/Leveraged
No
No
ONEQ and ITOT 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 ITOT 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 ITOT may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither ONEQ nor ITOT require a K1.
ONEQ and ITOT’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toONEQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toITOT

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

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.