Data as of Oct 28, 2026.
ONEQ vs QUAL: Differences, Returns & Fees
Over the year to Oct 28, 2026, ONEQ returned +12.7% to QUAL's +13.1%; 36% 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 $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF.
Pair scorecard
QUAL costs 0.06 points a year less; their one-year returns differ by 0.4 points; QUAL is 4.4 times larger.
| Measure | ONEQ | QUAL |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.7% | +13.1% |
| Drawdown | ||
| Below its high | 3.8%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Nasdaq Composite Index | MSCI USA Sector Neutral Quality Index |
| Cost and size | ||
| Expense ratio | 0.21% | 0.15% |
| Net assets, as of Sep 30, 2026 | $10.9bn | $47.7bn |
| Holdings | ||
| Holdings in common | 36% | |
| Top ten holdings, share of the fund | 56.0% | 44.5% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, ONEQ and QUAL hold 36% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
36% in common
Only in one fund ↓
Side by side
ONEQ and QUAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ONEQ and QUAL do different jobs. What does each one do in a portfolio?
- What each follows. ONEQ follows Nasdaq Composite Index and QUAL follows MSCI USA Sector Neutral Quality Index.
- Holdings in common. 36% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- Number of holdings. ONEQ holds 1,026 positions and QUAL holds 119.
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.
QUAL
QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.
Questions people ask
- Which returned more over the last year, ONEQ or QUAL?
- In the year to Oct 28, 2026, with distributions reinvested, ONEQ returned +12.7% and QUAL +13.1%.
- Which is cheaper, ONEQ or QUAL?
- QUAL is cheaper, by 0.06 percentage points a year. That is about $6 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.
Cite this pageCitation, APA and Markdown
ETFIQ, ONEQ against QUAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/oneq-vs-qual
ETFIQ. (Oct 28, 2026). ONEQ against QUAL. Retrieved from https://etfiq.com/compare/any/oneq-vs-qual
[ONEQ against QUAL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/oneq-vs-qual)
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