Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ONEQ vs XLG: how they differ
ONEQ and XLG hold 63% of their weight in the same names, and ONEQ returned more over the year.
Fidelity Nasdaq Composite Index ETF and Invesco S&P 500 Top 50 ETF.
What they hold in common
By the books each fund has filed, ONEQ and XLG hold 63% of their money in the same securities at the same weight.
| Holding | ONEQ | XLG |
|---|---|---|
| NVIDIA CORP | 11.24% | 13.10% |
| APPLE INC | 10.04% | 10.76% |
| MICROSOFT CORP | 7.32% | 8.18% |
| AMAZON.COM INC | 6.37% | 6.99% |
| ALPHABET INC | 4.85% | 6.05% |
| BROADCOM INC | 4.64% | 4.85% |
| ALPHABET INC | 4.48% | 4.82% |
| META PLATFORMS INC | 3.03% | 3.61% |
| TESLA INC | 3.58% | 2.90% |
| WALMART INC | 2.02% | 1.56% |
| ADVANCED MICRO DEVICES INC | 1.84% | 1.56% |
| CISCO SYSTEMS INC | 1.04% | 0.98% |
| Only in ONEQ | Only in XLG |
|---|---|
| MICRON TECHNOLOGY INC 2.38% | Berkshire Hathaway Inc. 2.35% |
| INTEL CORP 1.25% | JPMorgan Chase & Co. 2.28% |
| LAM RESEARCH CORP 0.87% | Eli Lilly and Co. 2.00% |
| APPLIED MATERIALS INC 0.78% | Exxon Mobil Corp. 1.74% |
| QUALCOMM INC 0.58% | Visa Inc. 1.50% |
| KLA CORP 0.55% | Johnson & Johnson 1.50% |
| SANDISK CORP/DE 0.55% | Caterpillar Inc. 1.12% |
| LINDE PLC 0.50% | Mastercard Inc. 1.11% |
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 | XLG Invesco S&P 500 Top 50 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | Invesco |
| What it is | Nasdaq Composite | S&P 500 top 50 |
| Total return, 1 year | +20.6% | +12.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +3.1 pts | −5.3 pts |
| Expense ratio | 0.21% | 0.20% |
| Already in the S&P 500 | 87.4% | 100.0% |
| Holdings | 1022 | 51 |
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%.
XLG in plain words
XLG is an index equity fund tracking the S&P 500 top 50. Over the year to Sep 11, 2026 it returned +12.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Apr 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 51 positions, with the top ten at 63.6%.
Questions people ask
- Which returned more over the last year, ONEQ or XLG?
- In the year to Sep 12, 2026, with distributions reinvested, ONEQ returned +20.6% and XLG returned +12.2%, so ONEQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ONEQ or XLG?
- ONEQ charges 0.21% a year and XLG charges 0.20%, so XLG is cheaper. Fees come from each fund's prospectus.
- How much do ONEQ and XLG overlap with the S&P 500?
- By their latest filed holdings, 87% of ONEQ and 100% of XLG by weight is stocks the S&P 500 already holds. Between the two funds, 63% 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 XLG, data as of Sep 12, 2026. https://etfiq.com/compare/any/ONEQ-XLG Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources