Data as of Oct 28, 2026.
ONEQ vs SPYM: Differences, Returns & Fees
Over the year to Oct 28, 2026, ONEQ returned +12.7% to SPYM's +13.7%; 56% 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 $185.0bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 ETF.
Pair scorecard
SPYM costs 0.19 points a year less; their one-year returns differ by 1.0 point; SPYM is 15.9 times larger.
| Measure | ONEQ | SPYM |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.7% | +13.7% |
| Drawdown | ||
| Below its high | 3.8%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Nasdaq Composite Index | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.21% | 0.02% |
| Net assets, as of Sep 30, 2026 | $10.9bn | $173.6bn |
| Holdings | ||
| Holdings in common | 56% | |
| Top ten holdings, share of the fund | 56.0% | 38.1% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Nov 25, 2005 to Oct 23, 2026 · 1,091 weekly returnsONEQ returned more: +1,298.8% to +793.5%. SPYM swung less: 17.2% to 19.9%. ONEQ and SPYM fell about the same at their worst: −53.5% and −53.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ONEQ | SPYM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,298.8% | +793.5% | ONEQ | Price change plus distributions, reinvested. |
| Annualized | +13.4% | +11.0% | ONEQ | Total return as a yearly rate. |
| Price return | +1,043.0% | +516.4% | ONEQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.9% | 17.2% | SPYM | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.8% | 12.1% | SPYM | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −53.5% | −53.9% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.64 | 0.59 | ONEQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.93 | 0.84 | ONEQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.25 | 0.20 | ONEQ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,091 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ONEQ and SPYM hold 56% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
56% in common
Only in one fund ↓
Side by side
ONEQ and SPYM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ONEQ and SPYM do different jobs. What does each one do in a portfolio?
- What each follows. ONEQ follows Nasdaq Composite Index and SPYM follows S&P 500 Index.
- Cost. ONEQ charges 0.21% of assets a year and SPYM 0.02%, a gap of 0.19 points.
- Size. ONEQ has $10.9bn in net assets and SPYM $173.6bn (net assets, as of Sep 30, 2026); SPYM is 15.9 times larger.
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.
SPYM
SPYM tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.02% 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 506 positions, with the top ten at 38.1%.
Questions people ask
- Which returned more over the last year, ONEQ or SPYM?
- In the year to Oct 28, 2026, with distributions reinvested, ONEQ returned +12.7% and SPYM +13.7%.
- Which is cheaper, ONEQ or SPYM?
- SPYM is cheaper, by 0.19 percentage points a year. That is about $19 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 SPYM, data as of Oct 28, 2026. https://etfiq.com/compare/any/oneq-vs-spym
ETFIQ. (Oct 28, 2026). ONEQ against SPYM. Retrieved from https://etfiq.com/compare/any/oneq-vs-spym
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