ONEQ — Fidelity Nasdaq Composite Index ETF

ONEQ Price Performance — Growth of $10,000

Value of a $10,000 investment in ONEQ over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

ONEQ Drawdown

The "underwater" chart: ONEQ's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Fidelity Nasdaq Composite Index ETF, trading under the ticker ONEQ, is a US Large Cap Growth fund managed by Fidelity Investments. With assets under management totaling $10.7 billion and a share price of $98.00, the fund demonstrates significant investor adoption within its sector. It holds an overall rank of #206 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of C with a score of 62.1/100. The fund charges an expense ratio of 0.21% and offers a dividend yield of 0.52%. Within the US Large Cap Growth category, which contains 13 ETFs tracked by ETFValuer, ONEQ positions itself as a mid-tier option based on its ranking. The combination of substantial assets and a moderate expense ratio suggests a established vehicle for exposure to large-cap growth equities.

Over the last day, the fund declined by 0.19%, following a sharper weekly drop of 3.68% and a monthly decrease of 1.39%. Despite these short-term losses, the fund posted a modest gain of 0.15% over three months and accelerated to a 5.84% return over six months. Year-to-date performance stands at +7.56%, while the one-year return reached +18.71%. The long-term trajectory shows significant growth, with a three-year return of +82.17%. This pattern indicates a divergence where recent short-term volatility contrasts with strong multi-year accumulation. The fund's closest category peers, QQQM and QQQ, recorded one-year returns of +19.90% and +19.84% respectively.

The fund carries a Moderate volatility label and exhibits a beta of 1.29, indicating it tends to move more aggressively than the broader market. A Sharpe ratio of 0.76 suggests the fund has generated a moderate amount of excess return per unit of risk taken. During market downturns, the fund experienced a maximum drawdown of -24.09%, reflecting the potential for significant temporary losses. This combination of a high beta and moderate volatility implies the fund amplifies market movements in both directions. Investors should expect higher fluctuations compared to lower-beta instruments while relying on the Sharpe ratio to gauge the efficiency of those returns. The max drawdown figure highlights the magnitude of downside risk that accompanied the fund's recent performance history.

AI-generated summary based on the data on this page.

ONEQ Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 57.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how ONEQ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With ONEQ

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with ONEQ's top 10 — VT overlaps most, holding 8 of the same companies as ONEQ's top 10 (55.3% of ONEQ's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

ONEQ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.44% and average daily volume is 378K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $10.7B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: ONEQ is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

ONEQ Performance History

How ONEQ Compares to Other US Large Cap Growth ETFs