ONEQ vs. SQQQ

Fidelity Nasdaq Composite Index ETF

ONEQ

$--

ProShares UltraPro Short QQQ

SQQQ

$--

Correlation

-0.99

Learn more about ONEQ

Learn more about SQQQ

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Top 10 comparisons with ONEQ:

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

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

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

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

ONEQ and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.

Prospectus

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

Automated Strategies
Related toSQQQ

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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.