Data as of Oct 28, 2026.
ONEQ vs XLI: Differences, Returns & Fees
Over the year to Oct 28, 2026, ONEQ returned +12.7% to XLI's +10.2%; 2% 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 $30.8bn on Oct 27, 2026 for State Street Industrial Select Sector SPDR ETF.
Pair scorecard
XLI costs 0.13 points a year less; their one-year returns differ by 2.5 points; XLI is 2.7 times larger.
| Measure | ONEQ | XLI |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.7% | +10.2% |
| Drawdown | ||
| Below its high | 3.8%, high on Oct 6, 2026 | 9.4%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | Nasdaq Composite Index | Industrial Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.21% | 0.08% |
| Net assets, as of Sep 30, 2026 | $10.9bn | $29.8bn |
| Holdings | ||
| Holdings in common | 2% | |
| Top ten holdings, share of the fund | 56.0% | 37.8% |
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 returnsONEQ returned more: +1,558.1% to +950.9%. ONEQ swung slightly less: 19.5% to 20.0%. ONEQ fell less at its worst: −53.5% to −61.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ONEQ | XLI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,558.1% | +950.9% | ONEQ | Price change plus distributions, reinvested. |
| Annualized | +12.9% | +10.7% | ONEQ | Total return as a yearly rate. |
| Price return | +1,232.7% | +581.9% | ONEQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.5% | 20.0% | ONEQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.5% | 13.9% | ONEQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −53.5% | −61.6% | ONEQ | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.63 | 0.52 | ONEQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.91 | 0.75 | ONEQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.24 | 0.17 | ONEQ | 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 XLI hold 2% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
2% in common
Only in one fund ↓
Side by side
ONEQ and XLI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ONEQ and XLI do different jobs. What does each one do in a portfolio?
- What each follows. ONEQ follows Nasdaq Composite Index and XLI follows Industrial Select Sector Index.
- Holdings in common. 2% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 ONEQ returned +12.7% and XLI +10.2% with distributions reinvested, a gap of 2.5 points.
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.
XLI
XLI tracks an index of Industrials. Over the year to Oct 28, 2026 it returned +10.2% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% 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 84 positions, with the top ten at 37.8%. It sat 9.4% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, ONEQ or XLI?
- In the year to Oct 28, 2026, with distributions reinvested, ONEQ returned +12.7% and XLI +10.2%.
- Which is cheaper, ONEQ or XLI?
- XLI is cheaper, by 0.13 percentage points a year. That is about $13 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 XLI, data as of Oct 28, 2026. https://etfiq.com/compare/any/oneq-vs-xli
ETFIQ. (Oct 28, 2026). ONEQ against XLI. Retrieved from https://etfiq.com/compare/any/oneq-vs-xli
[ONEQ against XLI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/oneq-vs-xli)
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