Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ONEQ vs XLK: how they differ
ONEQ and XLK hold 50% of their weight in the same names, and XLK returned more over the year.
Fidelity Nasdaq Composite Index ETF and State Street(R) Technology Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, ONEQ and XLK hold 50% of their money in the same securities at the same weight.
| Holding | ONEQ | XLK |
|---|---|---|
| NVIDIA CORP | 11.24% | 14.66% |
| APPLE INC | 10.04% | 12.86% |
| MICROSOFT CORP | 7.32% | 8.38% |
| BROADCOM INC | 4.64% | 5.41% |
| MICRON TECHNOLOGY INC | 2.38% | 5.42% |
| ADVANCED MICRO DEVICES INC | 1.84% | 5.28% |
| INTEL CORP | 1.25% | 3.68% |
| CISCO SYSTEMS INC | 1.04% | 2.59% |
| LAM RESEARCH CORP | 0.87% | 3.02% |
| PALANTIR TECHNOLOGIES INC | 0.78% | 1.49% |
| APPLIED MATERIALS INC | 0.78% | 3.20% |
| TEXAS INSTRUMENTS INC. | 0.60% | 1.51% |
| Only in ONEQ | Only in XLK |
|---|---|
| AMAZON.COM INC 6.37% | International Business Machines Corp 1.47% |
| ALPHABET INC 4.85% | Oracle Corp 1.39% |
| ALPHABET INC 4.48% | Amphenol Corp 1.21% |
| TESLA INC 3.58% | Seagate Technology Holdings PLC 1.21% |
| META PLATFORMS INC 3.03% | Corning Inc 1.11% |
| WALMART INC 2.02% | Arista Networks Inc 0.98% |
| COSTCO WHOLESALE CORP 0.93% | Salesforce Inc 0.71% |
| NETFLIX INC 0.79% | Dell Technologies Inc 0.70% |
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 | XLK State Street(R) Technology Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | State Street |
| What it is | Nasdaq Composite | Technology |
| Total return, 1 year | +20.6% | +39.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +3.1 pts | +21.7 pts |
| Expense ratio | 0.21% | 0.08% |
| Already in the S&P 500 | 87.4% | 100.0% |
| Holdings | 1022 | 74 |
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%.
XLK in plain words
XLK is an index equity fund tracking the Technology. Over the year to Sep 11, 2026 it returned +39.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 74 positions, with the top ten at 64.5%. It sat 5.2% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ONEQ or XLK?
- In the year to Sep 12, 2026, with distributions reinvested, ONEQ returned +20.6% and XLK returned +39.2%, so XLK returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ONEQ or XLK?
- ONEQ charges 0.21% a year and XLK charges 0.08%, so XLK is cheaper. Fees come from each fund's prospectus.
- How much do ONEQ and XLK overlap with the S&P 500?
- By their latest filed holdings, 87% of ONEQ and 100% of XLK by weight is stocks the S&P 500 already holds. Between the two funds, 50% 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 XLK, data as of Sep 12, 2026. https://etfiq.com/compare/any/ONEQ-XLK Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources