Data as of Oct 28, 2026.
FTEC vs ONEQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, FTEC returned +25.0% to ONEQ's +12.7%; 51% of their weight is in the same names.
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Net assets on Sep 30, 2026: $22.1bn for Fidelity MSCI Information Technology Index ETF and $10.9bn for Fidelity Nasdaq Composite Index ETF.
Pair scorecard
FTEC costs 0.13 points a year less; their one-year returns differ by 12.3 points; FTEC is 2.0 times larger.
| Measure | FTEC | ONEQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +25.0% | +12.7% |
| Drawdown | ||
| Below its high | 4.9%, high on Oct 6, 2026 | 3.8%, high on Oct 6, 2026 |
| Benchmark | ||
| What it tracks | MSCI USA IMI Information Technology 25/50 Index | Nasdaq Composite Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.21% |
| Net assets, as of Sep 30, 2026 | $22.1bn | $10.9bn |
| Holdings | ||
| Holdings in common | 51% | |
| Top ten holdings, share of the fund | 62.2% | 56.0% |
Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026. Method
Risk and return
Nov 1, 2013 to Oct 23, 2026 · 677 weekly returnsFTEC returned more: +1,178.5% to +658.8%. ONEQ swung slightly less: 19.2% to 21.3%. FTEC and ONEQ fell about the same at their worst: −34.1% and −34.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FTEC | ONEQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,178.5% | +658.8% | FTEC | Price change plus distributions, reinvested. |
| Annualized | +21.6% | +16.8% | FTEC | Total return as a yearly rate. |
| Price return | +1,031.1% | +562.6% | FTEC | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.3% | 19.2% | ONEQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.1% | 12.9% | ONEQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −34.1% | −34.6% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.94 | 0.80 | FTEC | Return above Treasury bills per unit of volatility. |
| Sortino | 1.41 | 1.20 | FTEC | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.63 | 0.49 | FTEC | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 677 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FTEC and ONEQ hold 51% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
51% in common
Only in one fund ↓
Side by side
FTEC and ONEQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FTEC and ONEQ do different jobs. What does each one do in a portfolio?
- What each follows. FTEC follows MSCI USA IMI Information Technology 25/50 Index and ONEQ follows Nasdaq Composite Index.
- One-year total return. Over 1 year to Oct 28, 2026 FTEC returned +25.0% and ONEQ +12.7% with distributions reinvested, a gap of 12.3 points.
- Number of holdings. FTEC holds 281 positions and ONEQ holds 1026.
Data as of Oct 28, 2026.
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FTEC
FTEC tracks the MSCI Information Technology. Over the year to Oct 28, 2026 it returned +25.0% with distributions reinvested, against +24.7% for its benchmark, the MSCI USA IMI Information Technology 25/50 Index. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jul 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 281 positions, with the top ten at 62.2%. It sat 4.9% below its high of Oct 6, 2026 on Oct 28, 2026.
ONEQ
ONEQ tracks the Nasdaq Composite. Over the year to Oct 28, 2026 it returned +12.7% with distributions reinvested. The prospectus expense ratio is 0.21% a year. By its holdings filed for Aug 31, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 1,026 positions, with the top ten at 56.0%. It sat 3.8% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FTEC or ONEQ?
- In the year to Oct 28, 2026, with distributions reinvested, FTEC returned +25.0% and ONEQ +12.7%.
- Which is cheaper, FTEC or ONEQ?
- FTEC is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FTEC against ONEQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/ftec-vs-oneq
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