Data as of Oct 28, 2026.
ONEQ vs XLG: Differences, Returns & Fees
Over the year to Oct 28, 2026, ONEQ returned +12.7% to XLG's +6.4%; 66% 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 $11.9bn on Oct 27, 2026 for Invesco S&P 500 Top 50 ETF.
Pair scorecard
XLG costs 0.01 points a year less; their one-year returns differ by 6.3 points.
| Measure | ONEQ | XLG |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.7% | +6.4% |
| Drawdown | ||
| Below its high | 3.8%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Nasdaq Composite Index | S&P 500 Top 50 Index |
| Cost and size | ||
| Expense ratio | 0.21% | 0.20% |
| Net assets, ONEQ as of Sep 30, 2026 and XLG as of Oct 27, 2026 | $10.9bn | $11.9bn |
| Holdings | ||
| Holdings in common | 66% | |
| Top ten holdings, share of the fund | 56.0% | 60.3% |
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 XLG hold 66% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
66% in common
Only in one fund ↓
Side by side
ONEQ and XLG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ONEQ and XLG do different jobs. What does each one do in a portfolio?
- What each follows. ONEQ follows Nasdaq Composite Index and XLG follows S&P 500 Top 50 Index.
- One-year total return. Over 1 year to Oct 28, 2026 ONEQ returned +12.7% and XLG +6.4% with distributions reinvested, a gap of 6.3 points.
- Number of holdings. ONEQ holds 1,026 positions and XLG holds 53.
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.
XLG
XLG tracks the S&P 500 top 50. Over the year to Oct 28, 2026 it returned +6.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 53 positions, with the top ten at 60.3%.
Questions people ask
- Which returned more over the last year, ONEQ or XLG?
- In the year to Oct 28, 2026, with distributions reinvested, ONEQ returned +12.7% and XLG +6.4%.
- Which is cheaper, ONEQ or XLG?
- XLG is cheaper, by 0.01 percentage points a year. That is about $1 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 XLG, data as of Oct 28, 2026. https://etfiq.com/compare/any/oneq-vs-xlg
ETFIQ. (Oct 28, 2026). ONEQ against XLG. Retrieved from https://etfiq.com/compare/any/oneq-vs-xlg
[ONEQ against XLG (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/oneq-vs-xlg)
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