Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ONEQ vs QUAL: how they differ
ONEQ and QUAL hold 35% of their weight in the same names, and ONEQ returned more over the year.
Fidelity Nasdaq Composite Index ETF and iShares MSCI USA Quality Factor ETF.
What they hold in common
By the books each fund has filed, ONEQ and QUAL hold 35% of their money in the same securities at the same weight.
| Holding | ONEQ | QUAL |
|---|---|---|
| NVIDIA CORP | 11.24% | 6.52% |
| APPLE INC | 10.04% | 6.28% |
| MICROSOFT CORP | 7.32% | 5.05% |
| META PLATFORMS INC | 3.03% | 3.50% |
| ALPHABET INC | 4.85% | 2.54% |
| ALPHABET INC | 4.48% | 2.12% |
| WALMART INC | 2.02% | 1.23% |
| COSTCO WHOLESALE CORP | 0.93% | 1.31% |
| LAM RESEARCH CORP | 0.87% | 3.23% |
| NETFLIX INC | 0.79% | 2.00% |
| APPLIED MATERIALS INC | 0.78% | 2.45% |
| QUALCOMM INC | 0.58% | 1.42% |
| Only in ONEQ | Only in QUAL |
|---|---|
| AMAZON.COM INC 6.37% | THE TJX COMPANIES, INC. 3.19% |
| BROADCOM INC 4.64% | VISA INC. 3.09% |
| TESLA INC 3.58% | ELI LILLY AND COMPANY 2.92% |
| MICRON TECHNOLOGY INC 2.38% | CATERPILLAR INC. 2.52% |
| ADVANCED MICRO DEVICES INC 1.84% | MASTERCARD INCORPORATED 2.30% |
| INTEL CORP 1.25% | BERKSHIRE HATHAWAY INC. 2.12% |
| CISCO SYSTEMS INC 1.04% | JOHNSON & JOHNSON 1.92% |
| PALANTIR TECHNOLOGIES INC 0.78% | SLB N.V. 1.56% |
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 Apr 30, 2026 and May 31, 2026.
| ONEQ Fidelity Nasdaq Composite Index ETF | QUAL iShares MSCI USA Quality Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | iShares |
| What it is | Nasdaq Composite | MSCI USA Quality Factor |
| Total return, 1 year | +20.6% | +16.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +3.1 pts | −1.5 pts |
| Expense ratio | 0.21% | 0.15% |
| Already in the S&P 500 | 87.4% | 98.9% |
| Holdings | 1022 | 121 |
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%.
QUAL in plain words
QUAL is an index equity fund tracking the MSCI USA Quality Factor. Over the year to Sep 11, 2026 it returned +16.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 121 positions, with the top ten at 39.1%. It sat 3.1% below its high of Aug 13, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ONEQ or QUAL?
- In the year to Sep 12, 2026, with distributions reinvested, ONEQ returned +20.6% and QUAL returned +16.0%, so ONEQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ONEQ or QUAL?
- ONEQ charges 0.21% a year and QUAL charges 0.15%, so QUAL is cheaper. Fees come from each fund's prospectus.
- How much do ONEQ and QUAL overlap with the S&P 500?
- By their latest filed holdings, 87% of ONEQ and 99% of QUAL by weight is stocks the S&P 500 already holds. Between the two funds, 35% 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, ONEQ against QUAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/ONEQ-QUAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources