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ETF Comparisons

ONEQ vs. SQQQ

Fidelity Nasdaq Composite Index ETF

ONEQ
$--
vs

ProShares UltraPro Short QQQ

SQQQ
$--

Correlation

-0.99

Compare with

Top 10 comparisons with ONEQ:
Compare:
ONEQ
Correlation
With:
SQQQ
ProShares UltraPro Short QQQ
-0.99
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

The top 10 holdings shared by ONEQ and SQQQ:

There are no shared holdings.
Invest with ONEQ
Learn more about SQQQ
ONEQFidelity Nasdaq Composite Index ETF
SQQQProShares UltraPro Short QQQ

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
SQQQ ProShares UltraPro Short QQQ
Inception date
Sep 25 2003
Feb 09 2010
Expense ratio
0.21%
0.95%
ONEQ has a lower expense ratio than SQQQ by 0.74%. This can indicate that it’s cheaper to invest in ONEQ than SQQQ.
Type
US Equities
US Equities
ONEQ targets investing in US Equities, while SQQQ targets investing in US Equities.
Fund owner
Fidelity
ProShares
ONEQ is managed by Fidelity, while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$10,883,307
$2,217,551,125
Both ONEQ and SQQQ 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
$4,455,851,279
ONEQ has more assets under management than SQQQ by $363,508,551. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
NASDAQ Composite Index
Nasdaq 100 Index
ONEQ is based off of the NASDAQ Composite Index, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Inverse (-3x)
ONEQ uses undefined, while SQQQ uses Inverse (-3x). 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 SQQQ 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 SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither ONEQ nor SQQQ require a K1.
When ETFs are inversely correlated, they can be used in actively traded strategies (multiple trades per week) to take positions in opposing directions. For example, if you believe ONEQ is going to fall, it would make sense to invest in SQQQ, as based on historical data, when ONEQ decreases in value, SQQQ tends to increase in value.

Automated Strategies
Related toONEQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toSQQQ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

*

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.