ONEQequity
Fidelity Nasdaq Composite Index ETF
1,025holdings
0.21%annual fee
USmarket
Valuation891 companies covered
31.2×P / E90% by weight
7.56×P / B79% by weight
3.2%Earnings yield
ETF comparisons / ONEQ vs QQQ
equity comparison · ONEQ 2026-05-31 · QQQ 2026-06-30
ONEQ vs QQQ
Fidelity Nasdaq Composite Index ETF compared with Invesco QQQ Trust, Series 1
The funds share a substantial core but differ outside it.ONEQ has 913 companies outside the overlap; QQQ has 4.
Do ONEQ and QQQ overlap?
ONEQ and QQQ overlap by 66.6% by weight, across 100 shared companies.
QQQUS large-cap growth
Invesco QQQ Trust, Series 1
105holdings
0.18%annual fee
USmarket
Valuation97 companies covered
28.8×P / E93% by weight
8.79×P / B85% by weight
3.5%Earnings yield
Price development
Both lines rebased to 0% over their shared dates
Largest shared positions
100 companies held in both funds
ONEQ weight
QQQ weight
| Shared company | ONEQ | QQQ |
|---|---|---|
| NVIDIA CORP NVDA | 10.90% | 7.58% |
| Apple Inc AAPL | 9.73% | 6.65% |
| ALPHABET INC GOOGL 2 share classes | 9.05% | 6.27% |
| ↳ ALPHABET INC-CL A GOOGL | 4.70% | 3.26% |
| ↳ ALPHABET INC-CL C GOOG | 4.35% | 3.02% |
| Microsoft Corp MSFT | 7.10% | 4.34% |
| AMAZON.COM INC AMZN | 6.17% | 4.01% |
| TESLA INC TSLA | 3.47% | 3.29% |
| BROADCOM INC AVGO | 4.50% | 2.80% |
| META PLATFORMS INC-CLASS A META | 2.94% | 2.61% |
| Micron Technology Inc MU | 2.31% | 5.62% |
| WALMART INC. WMT | 1.96% | 2.39% |
| ADVANCED MICRO DEVICES AMD | 1.78% | 4.09% |
| Intel Corp INTC | 1.21% | 3.03% |
| CISCO SYSTEMS, INC. CSCO | 1.01% | 2.00% |
| Costco Wholesale Corp COST | 0.90% | 1.79% |
| LAM RESEARCH CORPORATION LRCX | 0.84% | 2.34% |
| NETFLIX INC NFLX | 0.77% | 1.30% |
| PALANTIR TECHNOLOGIES INC-A PLTR | 0.76% | 1.16% |
| Applied Materials Inc AMAT | 0.76% | 2.48% |
| Texas Instruments Inc TXN | 0.59% | 1.17% |
| QUALCOMM Inc QCOM | 0.56% | 0.84% |
| KLA Corp KLAC | 0.53% | 1.70% |
| SANDISK CORPORATION SNDK | 0.53% | 1.45% |
| Linde PLC LIN | 0.49% | 1.04% |
| Palo Alto Networks Inc PANW | 0.48% | 1.20% |
| T-MOBILE US, INC. TMUS | 0.44% | 0.78% |
ONEQ and QQQ questions
Based on the holdings compared above
How much do ONEQ and QQQ overlap?
ONEQ and QQQ overlap by 66.6% by weight, across 100 shared companies.
Which companies do ONEQ and QQQ both hold?
The largest companies held in both funds are NVIDIA CORP, Apple Inc, ALPHABET INC, Microsoft Corp, AMAZON.COM INC.
Can I hold both ONEQ and QQQ?
Holding both means 66.6% of that part of your portfolio is the same companies counted twice. That can suit you or not depending on your goals; this tool reports the overlap rather than giving advice.
Is ONEQ or QQQ cheaper?
ONEQ has a 0.21% expense ratio and QQQ has 0.18%.
How do ONEQ and QQQ compare on valuation?
ONEQ has a weighted P/E of 31.2 and QQQ has a weighted P/E of 28.8.
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