Data as of Oct 28, 2026.
ONEQ vs QQQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, ONEQ returned +12.7% to QQQ's +15.2%; 70% of their weight is in the same names.
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Net assets: $10.9bn on Sep 30, 2026 for Fidelity Nasdaq Composite Index ETF, and $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1.
Pair scorecard
QQQ costs 0.03 points a year less; their one-year returns differ by 2.5 points.
| Measure | ONEQ | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.7% | +15.2% |
| Drawdown | ||
| Below its high | 3.8%, high on Oct 6, 2026 | 4.5%, high on Oct 6, 2026 |
| Benchmark | ||
| What it tracks | Nasdaq Composite Index | Nasdaq-100 Index |
| Cost and size | ||
| Expense ratio | 0.21% | 0.18% |
| Net assets, ONEQ as of Sep 30, 2026 and QQQ as of Oct 27, 2026 | $10.9bn | $483.0bn |
| Holdings | ||
| Holdings in common | 70% | |
| Top ten holdings, share of the fund | 56.0% | 46.7% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Oct 10, 2003 to Oct 23, 2026 · 1,202 weekly returnsQQQ returned more: +2,287.2% to +1,558.1%. ONEQ and QQQ swung about the same: 19.5% and 19.7%. QQQ fell slightly less at its worst: −51.4% to −53.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ONEQ | QQQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,558.1% | +2,287.2% | QQQ | Price change plus distributions, reinvested. |
| Annualized | +12.9% | +14.7% | QQQ | Total return as a yearly rate. |
| Price return | +1,232.7% | +1,912.0% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.5% | 19.7% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.5% | 13.4% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −53.5% | −51.4% | QQQ (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.63 | 0.70 | QQQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.91 | 1.03 | QQQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.24 | 0.29 | QQQ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,202 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ONEQ and QQQ hold 70% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
70% in common
Only in one fund ↓
Side by side
ONEQ and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ONEQ and QQQ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. ONEQ follows Nasdaq Composite Index and QQQ follows Nasdaq-100 Index.
- One-year total return. Over 1 year to Oct 28, 2026 ONEQ returned +12.7% and QQQ +15.2% with distributions reinvested, a gap of 2.5 points.
- Number of holdings. ONEQ holds 1,026 positions and QQQ holds 103.
Data as of Oct 28, 2026.
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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.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, ONEQ or QQQ?
- In the year to Oct 28, 2026, with distributions reinvested, ONEQ returned +12.7% and QQQ +15.2%.
- Which is cheaper, ONEQ or QQQ?
- QQQ is cheaper, by 0.03 percentage points a year. That is about $3 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, ONEQ against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/oneq-vs-qqq
ETFIQ. (Oct 28, 2026). ONEQ against QQQ. Retrieved from https://etfiq.com/compare/any/oneq-vs-qqq
[ONEQ against QQQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/oneq-vs-qqq)
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