Data as of Oct 28, 2026.
ONEQ vs XLV: Differences, Returns & Fees
Over the year to Oct 28, 2026, ONEQ returned +12.7% to XLV's +25.6%; 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 $47.0bn on Oct 27, 2026 for State Street Health Care Select Sector SPDR ETF.
Pair scorecard
XLV costs 0.13 points a year less; their one-year returns differ by 12.9 points; XLV is 4.0 times larger.
| Measure | ONEQ | XLV |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.7% | +25.6% |
| Drawdown | ||
| Below its high | 3.8%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Nasdaq Composite Index | Health Care Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.21% | 0.08% |
| Net assets, as of Sep 30, 2026 | $10.9bn | $43.4bn |
| Holdings | ||
| Holdings in common | 2% | |
| Top ten holdings, share of the fund | 56.0% | 60.6% |
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 +836.9%. XLV swung less: 16.0% to 19.5%. XLV fell less at its worst: −37.9% to −53.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ONEQ | XLV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,558.1% | +836.9% | ONEQ | Price change plus distributions, reinvested. |
| Annualized | +12.9% | +10.2% | ONEQ | Total return as a yearly rate. |
| Price return | +1,232.7% | +538.9% | ONEQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.5% | 16.0% | XLV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.5% | 11.3% | XLV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −53.5% | −37.9% | XLV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.63 | 0.57 | ONEQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.91 | 0.81 | ONEQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.24 | 0.27 | XLV (slight) | 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 XLV 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 XLV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ONEQ and XLV do different jobs. What does each one do in a portfolio?
- What each follows. ONEQ follows Nasdaq Composite Index and XLV follows Health Care 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 XLV +25.6% with distributions reinvested, a gap of 12.9 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.
XLV
XLV tracks an index of Health care. Over the year to Oct 28, 2026 it returned +25.6% with distributions reinvested. 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 62 positions, with the top ten at 60.6%.
Questions people ask
- Which returned more over the last year, ONEQ or XLV?
- In the year to Oct 28, 2026, with distributions reinvested, ONEQ returned +12.7% and XLV +25.6%.
- Which is cheaper, ONEQ or XLV?
- XLV 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 XLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/oneq-vs-xlv
ETFIQ. (Oct 28, 2026). ONEQ against XLV. Retrieved from https://etfiq.com/compare/any/oneq-vs-xlv
[ONEQ against XLV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/oneq-vs-xlv)
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