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VT vs. ONEQ

Vanguard Total World Stock ETF

VT
$--
vs

Fidelity Nasdaq Composite Index ETF

ONEQ
$--

Correlation

0.92
VTVanguard Total World Stock ETF
ONEQFidelity Nasdaq Composite Index ETF

What is VT?

Invests in more than 3000 stocks representative of the whole U.S. market. Goal is to keep pace with U.S. stock market returns. Offers high potential for investment growth; share value typically rises and falls more sharply than that of funds holding bonds. More appropriate for long-term goals where your money s growth is essential.

Snapshot
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VT Vanguard Total World Stock ETF
ONEQ Fidelity Nasdaq Composite Index ETF
Inception date
Jun 24 2008
Sep 25 2003
Expense ratio
0.07%
0.21%
VT has a lower expense ratio than ONEQ by 0.13%. This can indicate that it’s cheaper to invest in VT than ONEQ.
Type
Global Equities
US Equities
VT targets investing in Global Equities, while ONEQ targets investing in US Equities.
Fund owner
Vanguard
Fidelity
VT is managed by Vanguard, while ONEQ is managed by Fidelity.
Volume (1m avg. daily)
$138,228,150
$10,883,307
Both VT and ONEQ 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
$28,426,068,465
$4,819,359,830
VT has more assets under management than ONEQ by $23,606,708,635. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
FTSE Global All Cap Index
NASDAQ Composite Index
VT is based off of the FTSE Global All Cap Index, while ONEQ is based off of the NASDAQ Composite Index
Inverse/Leveraged
No
No
VT and ONEQ 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
VT and ONEQ 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
VT and ONEQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither VT nor ONEQ require a K1.
VT and ONEQ’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 toVT

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

Automated Strategies
Related toONEQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

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.