Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ONEQ vs QQQ: how they differ
ONEQ and QQQ hold 70% of their weight in the same names, and QQQ returned more over the year.
Fidelity Nasdaq Composite Index ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, ONEQ and QQQ hold 70% of their money in the same securities at the same weight.
| Holding | ONEQ | QQQ |
|---|---|---|
| NVIDIA CORP | 11.24% | 8.16% |
| APPLE INC | 10.04% | 7.29% |
| MICROSOFT CORP | 7.32% | 5.32% |
| AMAZON.COM INC | 6.37% | 4.62% |
| ALPHABET INC | 4.85% | 3.52% |
| TESLA INC | 3.58% | 3.46% |
| BROADCOM INC | 4.64% | 3.37% |
| ALPHABET INC | 4.48% | 3.26% |
| META PLATFORMS INC | 3.03% | 2.97% |
| MICRON TECHNOLOGY INC | 2.38% | 4.80% |
| WALMART INC | 2.02% | 2.48% |
| ADVANCED MICRO DEVICES INC | 1.84% | 3.70% |
| Only in ONEQ | Only in QQQ |
|---|---|
| LINDE PLC 0.50% | Linde PLC 1.01% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 0.42% | Seagate Technology Holdings PLC 0.84% |
| ASML HOLDING NV 0.31% | ASML Holding N.V. 0.62% |
| EQUINIX INC 0.23% | NXP Semiconductors N.V. 0.36% |
| CME GROUP INC 0.21% | Ferrovial N.V. 0.21% |
| ROCKET LAB CORP 0.18% | Coca-Cola Europacific Partners PLC 0.18% |
| NXP SEMICONDUCTORS NV 0.17% | |
| ROBINHOOD MARKETS INC 0.16% |
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 May 31, 2026.
| ONEQ Fidelity Nasdaq Composite Index ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | Invesco |
| What it is | Nasdaq Composite | Nasdaq-100, book from QQQM |
| Total return, 1 year | +20.6% | +23.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +3.1 pts | +5.5 pts |
| Expense ratio | 0.21% | 0.18% |
| Already in the S&P 500 | 87.4% | 96.7% |
| Holdings | 1022 | 101 |
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%.
QQQ in plain words
QQQ is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ONEQ or QQQ?
- In the year to Sep 12, 2026, with distributions reinvested, ONEQ returned +20.6% and QQQ returned +23.0%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ONEQ or QQQ?
- ONEQ charges 0.21% a year and QQQ charges 0.18%, so QQQ is cheaper. Fees come from each fund's prospectus.
- How much do ONEQ and QQQ overlap with the S&P 500?
- By their latest filed holdings, 87% of ONEQ and 97% of QQQ by weight is stocks the S&P 500 already holds. Between the two funds, 70% of their books are the same securities at the same weight.
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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, ONEQ against QQQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/ONEQ-QQQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources