NULG vs ONEQ: Differences, Returns & Fees

NULG and ONEQ hold 25% of their weight in the same names, and ONEQ returned +16.3% over the year. Net assets: $2.7bn on Jul 31, 2026 for Nuveen ESG Large-Cap Growth ETF, and $10.9bn on Sep 30, 2026 for Fidelity Nasdaq Composite Index ETF.

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ONEQ costs 0.05 points a year less; their one-year returns differ by 4.8 points.

NULG vs ONEQ: Differences, Returns & Fees
NULGONEQ
Expense ratio0.26%0.21%
Net assets, NULG as of Jul 31, 2026 and ONEQ as of Sep 30, 2026$2.7bn$10.9bn
Total return, 1 year+11.5%+16.3%
What it tracksNuveen ESG USA Large-Cap Growth IndexNasdaq Composite Index
Holdings in common25%
Top ten holdings, share of the fund44.0%57.6%
Below its high6.1%, high on Aug 13, 20264.3%, high on Oct 6, 2026

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

+11.5%
NULG total return, 1 year
+16.3%
ONEQ total return, 1 year
0.26%
NULG expense ratio
0.21%
ONEQ expense ratio

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Client brief · page 1 of 2Report BR-39D15D05DA

NULG and ONEQ are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. NULG follows Nuveen ESG USA Large-Cap Growth Index and ONEQ follows Nasdaq Composite Index.
  2. Holdings in common. 25% of the weight is in the same securities (holdings dated Jul 31, 2026 and May 31, 2026).
  3. One-year total return. Over 1 year to Oct 20, 2026 NULG returned +11.5% and ONEQ +16.3% with distributions reinvested, a gap of 4.8 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, NULG and ONEQ hold 25% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.

half

25% in common

Positions both hold, largest shared weight first
Holding NULG ONEQ
NVIDIA Corp 14.91% 11.18%
Broadcom Inc 6.36% 4.61%
Advanced Micro Devices Inc 3.69% 1.83%
Lam Research Corp 2.38% 0.86%
Netflix Inc 1.86% 0.79%
Applied Materials Inc 2.69% 0.78%
Palo Alto Networks Inc 2.46% 0.50%
Analog Devices Inc 1.25% 0.44%
Seagate Technology Holdings PLC 1.96% 0.42%
Western Digital Corp 2.00% 0.39%
Marvell Technology Inc 1.05% 0.39%
Booking Holdings Inc 1.95% 0.29%
Only in NULG
Eli Lilly & Co 4.10%
Visa Inc 3.17%
Caterpillar Inc 2.27%
GE Vernova Inc 1.97%
Welltower Inc 1.78%
TJX Cos Inc 1.77%
Howmet Aerospace Inc 1.68%
Moody's Corp 1.53%
Only in ONEQ
APPLE INC 9.98%
MICROSOFT CORP 7.29%
AMAZON.COM INC 6.33%
ALPHABET INC 4.83%
ALPHABET INC 4.46%
TESLA INC 3.56%
META PLATFORMS INC 3.01%
MICRON TECHNOLOGY INC 2.37%

Check overlap with more funds →

On the same fields

NULG
Nuveen ESG Large-Cap Growth ETF
ONEQ
Fidelity Nasdaq Composite Index ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks the Nasdaq Composite
Total return, 1 year +11.5% +16.3%
Its benchmark over the same days +15.5% (MLRG) not measured
Gap to its benchmark −4.1 pts vs MLRG not measured
Expense ratio 0.26% 0.21%
Already in the S&P 500 93.8% 86.6%
Holdings 69 1021
Net assets, NULG as of Jul 31, 2026 and ONEQ as of Sep 30, 2026 $2.7bn $10.9bn

NULG and ONEQ on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About NULG

NULG tracks an index. Over the year to Oct 20, 2026 it returned +11.5% with distributions reinvested, against +15.5% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.26% a year. By its holdings filed for Jul 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 44.0%. It sat 6.1% below its high of Aug 13, 2026 on Oct 20, 2026.

About ONEQ

ONEQ tracks the Nasdaq Composite. Over the year to Oct 20, 2026 it returned +16.3% with distributions reinvested. 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 1,021 positions, with the top ten at 57.6%. It sat 4.3% below its high of Oct 6, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, NULG or ONEQ?
In the year to Oct 20, 2026, with distributions reinvested, NULG returned +11.5% and ONEQ +16.3%.
Which is cheaper, NULG or ONEQ?
ONEQ is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do NULG and ONEQ overlap with the S&P 500?
By their latest filed holdings, 94% of NULG and 87% of ONEQ by weight is stocks the S&P 500 already holds.
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ETFIQ, NULG against ONEQ, data as of Oct 20, 2026. https://etfiq.com/compare/any/nulg-vs-oneq

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Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.