Data as of Oct 28, 2026.
ONEQ vs SPHQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, ONEQ returned +12.7% to SPHQ's +14.1%; 15% 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 $18.7bn on Oct 27, 2026 for Invesco S&P 500 Quality ETF.
Pair scorecard
SPHQ costs 0.06 points a year less; their one-year returns differ by 1.4 points.
| Measure | ONEQ | SPHQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.7% | +14.1% |
| Drawdown | ||
| Below its high | 3.8%, high on Oct 6, 2026 | 6.4%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | Nasdaq Composite Index | S&P 500 Quality Index |
| Cost and size | ||
| Expense ratio | 0.21% | 0.15% |
| Net assets, ONEQ as of Sep 30, 2026 and SPHQ as of Oct 27, 2026 | $10.9bn | $18.7bn |
| Holdings | ||
| Holdings in common | 15% | |
| Top ten holdings, share of the fund | 56.0% | 43.3% |
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 SPHQ hold 15% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
15% in common
Only in one fund ↓
Side by side
ONEQ and SPHQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ONEQ and SPHQ do different jobs. What does each one do in a portfolio?
- What each follows. ONEQ follows Nasdaq Composite Index and SPHQ follows S&P 500 Quality Index.
- Holdings in common. 15% 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 SPHQ holds 102.
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.
SPHQ
SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, ONEQ or SPHQ?
- In the year to Oct 28, 2026, with distributions reinvested, ONEQ returned +12.7% and SPHQ +14.1%.
- Which is cheaper, ONEQ or SPHQ?
- SPHQ 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.
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ETFIQ, ONEQ against SPHQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/oneq-vs-sphq
ETFIQ. (Oct 28, 2026). ONEQ against SPHQ. Retrieved from https://etfiq.com/compare/any/oneq-vs-sphq
[ONEQ against SPHQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/oneq-vs-sphq)
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