Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MAGS vs ONEQ: how they differ
MAGS and ONEQ hold 25% of their weight in the same names, and ONEQ returned more over the year.
Roundhill Magnificent Seven ETF and Fidelity Nasdaq Composite Index ETF.
What they hold in common
By the books each fund has filed, MAGS and ONEQ hold 25% of their money in the same securities at the same weight.
| Holding | MAGS | ONEQ |
|---|---|---|
| NVIDIA Corp | 4.15% | 11.24% |
| Apple Inc | 4.12% | 10.04% |
| Amazon.com Inc | 4.11% | 6.37% |
| Microsoft Corp | 3.62% | 7.32% |
| Tesla Inc | 4.07% | 3.58% |
| Meta Platforms Inc | 3.59% | 3.03% |
| Alphabet Inc | 2.89% | 4.85% |
| Only in MAGS | Only in ONEQ |
|---|---|
| TREASURY BILL 65.41% | BROADCOM INC 4.64% |
| Roundhill Ultra Short Duration 8.06% | ALPHABET INC 4.48% |
| MICRON TECHNOLOGY INC 2.38% | |
| WALMART INC 2.02% | |
| ADVANCED MICRO DEVICES INC 1.84% | |
| INTEL CORP 1.25% | |
| CISCO SYSTEMS INC 1.04% | |
| COSTCO WHOLESALE CORP 0.93% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
| MAGS Roundhill Magnificent Seven ETF | ONEQ Fidelity Nasdaq Composite Index ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Roundhill | Fidelity |
| What it is | Magnificent Seven | Nasdaq Composite |
| Total return, 1 year | +14.4% | +20.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −3.1 pts | +3.1 pts |
| Expense ratio | 0.30% | 0.21% |
| Already in the S&P 500 | 26.5% | 87.4% |
| Holdings | 9 | 1022 |
MAGS in plain words
MAGS is an index equity fund tracking the Magnificent Seven. Over the year to Sep 11, 2026 it returned +14.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.30% a year. By its holdings filed for Jun 30, 2026, 26% of the fund by weight is stocks the S&P 500 also holds, across 9 positions, with the top ten at 100.0%.
ONEQ in plain words
ONEQ is an index equity fund tracking the Nasdaq Composite. Over the year to Sep 11, 2026 it returned +20.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.21% a year. By its holdings filed for May 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 1022 positions, with the top ten at 57.9%.
Questions people ask
- Which returned more over the last year, MAGS or ONEQ?
- In the year to Sep 12, 2026, with distributions reinvested, MAGS returned +14.4% and ONEQ returned +20.6%, so ONEQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MAGS or ONEQ?
- MAGS charges 0.30% a year and ONEQ charges 0.21%, so ONEQ is cheaper. Fees come from each fund's prospectus.
- How much do MAGS and ONEQ overlap with the S&P 500?
- By their latest filed holdings, 26% of MAGS and 87% of ONEQ by weight is stocks the S&P 500 already holds. Between the two funds, 25% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MAGS against ONEQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/MAGS-ONEQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources