Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ONEQ vs SPY: how they differ
ONEQ and SPY hold 56% of their weight in the same names, and ONEQ returned more over the year.
Fidelity Nasdaq Composite Index ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, ONEQ and SPY hold 56% of their money in the same securities at the same weight.
| Holding | ONEQ | SPY |
|---|---|---|
| NVIDIA CORP | 11.24% | 7.52% |
| APPLE INC | 10.04% | 6.59% |
| MICROSOFT CORP | 7.32% | 4.30% |
| AMAZON.COM INC | 6.37% | 3.62% |
| ALPHABET INC | 4.85% | 3.25% |
| BROADCOM INC | 4.64% | 2.77% |
| ALPHABET INC | 4.48% | 2.59% |
| MICRON TECHNOLOGY INC | 2.38% | 2.02% |
| META PLATFORMS INC | 3.03% | 1.92% |
| TESLA INC | 3.58% | 1.84% |
| ADVANCED MICRO DEVICES INC | 1.84% | 1.47% |
| INTEL CORP | 1.25% | 1.02% |
| Only in ONEQ | Only in SPY |
|---|---|
| LINDE PLC 0.50% | Eli Lilly & Co. 1.47% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 0.42% | Berkshire Hathaway, Inc. 1.42% |
| HONEYWELL INTERNATIONAL INC 0.33% | JPMorgan Chase & Co. 1.36% |
| SHOPIFY INC 0.32% | Johnson & Johnson 0.95% |
| ASML HOLDING NV 0.31% | Visa, Inc. 0.88% |
| MERCADOLIBRE INC 0.19% | Exxon Mobil Corp. 0.88% |
| ROCKET LAB CORP 0.18% | Caterpillar, Inc. 0.76% |
| NXP SEMICONDUCTORS NV 0.17% | AbbVie, Inc. 0.69% |
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.
| ONEQ Fidelity Nasdaq Composite Index ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | State Street |
| What it is | Nasdaq Composite | S&P 500, book from IVV |
| Total return, 1 year | +20.6% | +17.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +3.1 pts | 0.0 pts |
| Expense ratio | 0.21% | 0.09% |
| Already in the S&P 500 | 87.4% | 100.0% |
| Holdings | 1022 | 504 |
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%.
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, ONEQ or SPY?
- In the year to Sep 12, 2026, with distributions reinvested, ONEQ returned +20.6% and SPY returned +17.5%, so ONEQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ONEQ or SPY?
- ONEQ charges 0.21% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
- How much do ONEQ and SPY overlap with the S&P 500?
- By their latest filed holdings, 87% of ONEQ and 100% of SPY by weight is stocks the S&P 500 already holds. Between the two funds, 56% 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 SPY, data as of Sep 12, 2026. https://etfiq.com/compare/any/ONEQ-SPY Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources