ONEQ vs QQQ – Compare fees, performance and more

ONEQ vs QQQ – Compare fees, performance and more are discussed in this article. We hope you find it helpful and informative.

ONEQ vs QQQ compare fees performance and more performance

ONEQ and QQQ can be compared based on their fees, performance, and other structures. This article focuses on a descriptive and theoretical comparison between ONEQ and QQQ based on their significant ratio, growth, holdings, and performance.

ONEQ vs QQQ: FI scores

The differences between Fidelity NASDAQ Composite Index Tracking Stock Fund ($ONEQ) and Invesco QQQ Trust ($QQQ).

The primarily compare of the fees is basically revealed by the value of the FI Score. The FI Score is a custom score that ranges from 0 to 100 and is created the productivity of the fund to the investor.

Oftentimes, in various investors or depositors require that a test of entire funds be included in its portfolio. As the determination of fees determines the FI score, thus the greater the value of the FI score, the more possible investor indicates interest and vice versa.

Statistically, 71% FI Score indicates the following:

1. Oneq
2. ETF
3. US Stocks
4. Large Growth

Fidelity NASDAQ Composite Index Tracking Stock Fund

Expenses: 0.21% (Better than 1% of similar funds)

This is a good choice for a sizable Growth US Stocks fund.

91% FI Score indicates the following:

1. qqq
2. ETF
3. US Stocks
4. Large Growth

Invesco QQQ Trust

Expenses: 0.20% (Better than 1% of similar funds)

This is also an excellent choice for a sizable Growth US Stocks fund.

The above fees compare both ONEQ and QQQ and systematically classified the two fees as ETFs. ETFs are extra gratuity added to any mutual funds in order to become more extensively accessible. It is vital to note that mutual funds are likely very limited to the issued investment brokerage.

Furthermore, since ONEQ and QQQ are classified as ETFs, it gives an investor the advantage of locating a broader amount of investment apps and websites to trade.

The only demerit of ETFs lies in certain incapability of the platforms as they only allow the investor to purchase ETFs in whole shares and not in bits.

For instance, if an investor using an ETF makes a purchase of about $80, the investor will desire to increase the investment by $80 and not decrease it.

Fund Holdings: Performance Comparison

ONEQ and the QQQ are both US Stocks Large Growth funds. This indicates that the funds are probable can be invested by an investor in the market.

According to the FI Score algorithm, the greater niche a fund becomes over time, the lower the FI score. This may not significantly portray that the investment is not profitable but it is an indication in ONEQ and QQQ funds that the investor should discontinue the investment and diversify into another alternative portfolio.

The statistical comparison of ONEQ and QQQ

Market Score  7.0 /10     9.9 /10

Category Score 8.0 /10     8.0 /10

Total   15.0     17.9

The statistics above depict that QQQ performance is more profitable than ONEQ.

When the range of the FI scores closer to the mean of 10, it is an indication that all investors desire to make investments in the solid market. Conversely, when the FI score is inferior or declines gradually, the investment becomes specific. The variation score for ONEQ is 3.8/10, while QQQ has a variation score of 0.0/10. Generally, ONEQ closely matches its benchmark.

Fee Comparison

To every investor, fees are one of the main liability that exists in a business portfolio and depicts its growth level. For instance, a slight change between a 3% fee and a 0.06% fee throughout the period of 20 to 30 years can lead to a decline in the company’s anticipated growth such that even the initial capital can be affected and the portfolio drops to a half level in the entire value.

Hence the fees of both funds can be compared statistically, ONEQ has an expense ratio of 0.21% while QQQ has an expense ratio of 0.20%. Despite the similarity of both QQQ remains the most preferred fund.

Conclusion

ONEQ and QQQ have unique fund Size Comparisons and differ in their total assets especially when proper management structures are independently put in place.

The fund size and performance tend to attract investors as QQQ has a better fund size. ONEQ has a medium fund with 2.56 Billion in assets under management while QQQ, on the other hand, is a huge fund with 109 Billion in assets under management.