ONEQ vs QQQ comparison¶

ONEQ vs QQQ performance comment¶

Market Performance Metrics Overview¶

The following table presents the key performance metrics for the markets represented by the ticker symbols ONEQ and QQQ over a period of 60 days.

Metric	ONEQ	QQQ
High	61.60	429.85
Low	57.05	395.34
Close	61.00	425.83
Start Price	58.14	402.59
Gain %	4.92%	5.77%
Annualized Gain %	74.81%	87.79%
Annualized Volatility %	13.70%	13.96%
Max Drawdown %	-1.62%	-1.57%
Sharpe Ratio	5.96	6.83

Insights and Commentary¶

Gain %: Both markets have demonstrated positive gains over the 60-day period, with QQQ showing a slightly higher gain of 5.77% compared to ONEQ's gain of 4.92%.
Annualized Gain %: The annualized gain measures the average annual growth rate of an investment over a specified time period. QQQ has a higher annualized gain of 87.79% compared to ONEQ's 74.81%.
Annualized Volatility %: This metric measures the risk or uncertainty of investment returns. Both markets have similar annualized volatility, with QQQ at 13.96% and ONEQ at 13.70%.
Max Drawdown %: The maximum drawdown represents the largest peak-to-trough decline of an investment. Both markets have experienced relatively small drawdowns, with QQQ at -1.57% and ONEQ at -1.62%.
Sharpe Ratio: The Sharpe ratio measures the risk-adjusted return of an investment. QQQ has a higher Sharpe ratio of 6.83, indicating a better risk-adjusted performance compared to ONEQ's Sharpe ratio of 5.96.

Market Comparison¶

Both ONEQ and QQQ have performed well over the 60-day period, with QQQ showing slightly higher gains and risk-adjusted performance. However, both markets have exhibited relatively low volatility and drawdowns, indicating stable performance during this time frame. Investors may consider the higher Sharpe ratio of QQQ as an indicator of better risk-adjusted returns when comparing these two markets.

ONEQ YTD Return (Daily)¶

Comment on YTD Total Returns Results of ONEQ¶

OneQ Total Return Performance Overview¶

The year-to-date (YTD) open for ONEQ has been 58.6, with the YTD high at 61.6 and the YTD low at 57.05. The YTD close is currently at 61.0, representing a YTD gain % of 4.92%. The YTD annualized gain % sits at a notable 74.81%, showcasing strong performance over the short term. Despite this, the YTD annualized volatility % is relatively low at 13.70%, indicating a lower level of risk. The YTD Max Drawdown % is -1.62%, suggesting minimal losses during this period.

Historical Performance Metrics¶

Looking back at the last year annualized gain %, the value is reported at 46.52%, demonstrating a strong performance over the longer term. The last year annualized volatility % stands at 17.13%, indicating a slightly higher level of risk compared to the current year. The last year max drawdown % is reported at -11.93%, showing a greater potential for losses during that period.

Market Trends and Risk Analysis¶

The historical annualized volatility (excluding current year) % is listed at 20.86%, which shows higher average risk compared to the current year. The historical annualized gain (excluding current year) % is 13.47%, indicating that the performance of the fund has historically been solid. The max drawdown in data (excluding current year) % stands at -55.09%, representing a significant potential for losses historically. The average Sharpe ratio for all years (excluding last) is calculated at 0.65, providing insight into the risk-adjusted return of the fund during those years.

Current Market Conditions¶

The current last close for ONEQ is 61.0, and the current MA 200 is reported at 53.37. The current MA 50 sits at 57.63 and the current MA 5 is 60.42. The current average annualized volatility is 14.32%, with the average annualized volatility a month ago at 11.28%. The current last 5 days gain % is 3.32, indicating a recent uptrend in performance. Observing the moving averages, the current price is significantly above the MA 200, while also trending above both MA 50 and MA 5. This suggests a bullish trend in the near term, as the current price surpasses the various moving averages.

ONEQ Annual Dividends¶

Year	Annual Dividend	Dividend Yield
2023	$0.42	0.7%
2022	$0.4	0.94%
2021	$0.89	1.5%
2020	$3.58	0.72%
2019	$6.61	1.89%

ONEQ Montly Dividends¶

Year	Mar	Jun	Sep	Dec
2023	$0.1	$0.09	$0.1	$0.13
2022	$0.07	$0.09	$0.1	$0.14
2021	$0.62	$0.07	$0.09	$0.11
2020	$0.9	$0.73	$0.91	$1.04
2019	$0.65	$1.0	$0.94	$4.02
2018	$0.44	$0.72	$0.76	$0.88
2017	$0.35	$0.63	$0.54	$0.77
2016	$0.49	$0.54	$0.62	$0.72
2015	$0.45	$0.42	$0.5	$0.68
2014	$0.79	$0.47	$0.36	$0.59
2013	$0.09	$0.35	$0.41	$0.52
2012	$0.21	$0.26	$0.39	$0.82
2011	$0.1	$0.26	$0.19	$0.33
2010	$0.1	$0.15	$0.14	$0.32
2009	$0.05	$0.1	$0.1	$0.21
2008	$0.1	$0.15	$0.1	$0.22
2007	$0.09	$0.06	$0.15	$0.29
2006	$0.14	$0.08	$0.11	$0.11
2005	$0.08	$0.1	$0.09	$0.57
2004	$0.05	$0.02	$0.06	$0.9
2003	0.0	0.0	0.0	$0.07

Published: 2024-01-25

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