Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ONEQ vs XLC: how they differ
ONEQ and XLC hold 14% of their weight in the same names, and ONEQ returned more over the year.
Fidelity Nasdaq Composite Index ETF and State Street(R) Communication Services Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, ONEQ and XLC hold 14% of their money in the same securities at the same weight.
| Holding | ONEQ | XLC |
|---|---|---|
| ALPHABET INC | 4.85% | 13.10% |
| ALPHABET INC | 4.48% | 10.44% |
| META PLATFORMS INC | 3.03% | 19.93% |
| NETFLIX INC | 0.79% | 4.84% |
| T-MOBILE US INC | 0.45% | 4.16% |
| COMCAST CORP | 0.19% | 4.71% |
| WARNER BROS DISCOVERY INC | 0.14% | 4.67% |
| ELECTRONIC ARTS INC | 0.11% | 4.64% |
| TAKE-TWO INTERACTV SOFTWR INC | 0.09% | 5.26% |
| ECHOSTAR CORP | 0.04% | 1.67% |
| CHARTER COMMUNICATIONS INC | 0.04% | 1.44% |
| FOX CORPORATION | 0.03% | 1.26% |
| Only in ONEQ | Only in XLC |
|---|---|
| NVIDIA CORP 11.24% | Walt Disney Co/The 4.49% |
| APPLE INC 10.04% | Verizon Communications Inc 4.15% |
| MICROSOFT CORP 7.32% | AT&T Inc 4.10% |
| AMAZON.COM INC 6.37% | Live Nation Entertainment Inc 3.50% |
| BROADCOM INC 4.64% | Omnicom Group Inc 2.51% |
| TESLA INC 3.58% | TKO Group Holdings Inc 1.53% |
| MICRON TECHNOLOGY INC 2.38% | |
| WALMART INC 2.02% |
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 | XLC State Street(R) Communication Services Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | State Street |
| What it is | Nasdaq Composite | Communication services |
| Total return, 1 year | +20.6% | −2.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +3.1 pts | −19.5 pts |
| Expense ratio | 0.21% | 0.08% |
| Already in the S&P 500 | 87.4% | 100.0% |
| Holdings | 1022 | 23 |
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%.
XLC in plain words
XLC is an index equity fund tracking the Communication services. Over the year to Sep 11, 2026 it returned −2.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 23 positions, with the top ten at 76.2%. It sat 5.7% below its high of Jan 30, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ONEQ or XLC?
- In the year to Sep 12, 2026, with distributions reinvested, ONEQ returned +20.6% and XLC returned −2.0%, so ONEQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ONEQ or XLC?
- ONEQ charges 0.21% a year and XLC charges 0.08%, so XLC is cheaper. Fees come from each fund's prospectus.
- How much do ONEQ and XLC overlap with the S&P 500?
- By their latest filed holdings, 87% of ONEQ and 100% of XLC by weight is stocks the S&P 500 already holds. Between the two funds, 14% 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 XLC, data as of Sep 12, 2026. https://etfiq.com/compare/any/ONEQ-XLC Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources