Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ONEQ vs USMV: how they differ
ONEQ and USMV hold 17% of their weight in the same names, and ONEQ returned more over the year.
Fidelity Nasdaq Composite Index ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, ONEQ and USMV hold 17% of their money in the same securities at the same weight.
| Holding | ONEQ | USMV |
|---|---|---|
| NVIDIA CORP | 11.24% | 1.64% |
| MICROSOFT CORP | 7.32% | 1.56% |
| CISCO SYSTEMS INC | 1.04% | 1.81% |
| WALMART INC | 2.02% | 0.88% |
| APPLE INC | 10.04% | 0.82% |
| TEXAS INSTRUMENTS INC. | 0.60% | 0.78% |
| ADVANCED MICRO DEVICES INC | 1.84% | 0.53% |
| BROADCOM INC | 4.64% | 0.50% |
| PALO ALTO NETWORKS INC | 0.50% | 0.53% |
| PALANTIR TECHNOLOGIES INC | 0.78% | 0.50% |
| ALPHABET INC | 4.48% | 0.45% |
| T-MOBILE US INC | 0.45% | 1.17% |
| Only in ONEQ | Only in USMV |
|---|---|
| ALPHABET INC 4.85% | EXXON MOBIL CORPORATION 1.60% |
| TESLA INC 3.58% | DUKE ENERGY CORPORATION 1.55% |
| INTEL CORP 1.25% | THE SOUTHERN COMPANY 1.53% |
| LAM RESEARCH CORP 0.87% | AMPHENOL CORPORATION 1.51% |
| KLA CORP 0.55% | Chubb Limited 1.50% |
| SANDISK CORP/DE 0.55% | VERIZON COMMUNICATIONS INC. 1.49% |
| LINDE PLC 0.50% | WASTE MANAGEMENT, INC. 1.48% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 0.42% | MOTOROLA SOLUTIONS, INC. 1.46% |
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 | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | iShares |
| What it is | Nasdaq Composite | MSCI USA Min Vol Factor |
| Total return, 1 year | +20.6% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +3.1 pts | −10.9 pts |
| Expense ratio | 0.21% | 0.15% |
| Already in the S&P 500 | 87.4% | 94.8% |
| Holdings | 1022 | 170 |
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%.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 15.7%.
Questions people ask
- Which returned more over the last year, ONEQ or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, ONEQ returned +20.6% and USMV returned +6.6%, so ONEQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ONEQ or USMV?
- ONEQ charges 0.21% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do ONEQ and USMV overlap with the S&P 500?
- By their latest filed holdings, 87% of ONEQ and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 17% of their books are the same securities at the same weight.
Other comparisons
Where to next
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 USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/ONEQ-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources