ONEQ vs QQQ
Comparison between FIDELITY NASDAQ COMPOSITE INDEX ETF (ONEQ, ETF) and Invesco QQQ Trust Series 1 (QQQ, ETF).
5-Year PerformanceQQQ has outperformed ONEQ, delivering a return of +16.7% compared to +14.4%
ONEQ vs QQQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ONEQ vs QQQ - Holdings Comparison
ONEQ and QQQ have 98 common holdings. Overlap is 71.12%
ONEQ's top 25 holdings weight is 73.30%. QQQ's top 25 holdings weight is 72.34%.
| Rank | ONEQ | QQQ |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 11.58% | NVIDIA CORP (NVDA) - 8.38% |
| #2 | APPLE INC (AAPL) - 10.04% | APPLE INC (AAPL) - 7.27% |
| #3 | MICROSOFT CORP (MSFT) - 6.85% | MICROSOFT CORP (MSFT) - 4.96% |
| #4 | AMAZON.COM INC (AMZN) - 6.31% | AMAZON.COM INC (AMZN) - 4.57% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 5.02% | MICRON TECHNOLOGY INC (MU) - 4.47% |
| #6 | ALPHABET INC CLASS C (GOOG) - 4.64% | ADVANCED MICRO DEVICES INC (AMD) - 3.64% |
| #7 | BROADCOM INC (AVGO) - 4.43% | ALPHABET INC CLASS A (GOOGL) - 3.64% |
| #8 | TESLA INC (TSLA) - 3.60% | TESLA INC (TSLA) - 3.48% |
| #9 | META PLATFORMS INC CLASS A (META) - 2.97% | ALPHABET INC CLASS C (GOOG) - 3.36% |
| #10 | n/a (n/a) - 2.30% | BROADCOM INC (AVGO) - 3.21% |
| #11 | MICRON TECHNOLOGY INC (MU) - 2.22% | META PLATFORMS INC CLASS A (META) - 2.90% |
| #12 | WALMART INC (WMT) - 2.09% | INTEL CORP (INTC) - 2.74% |
| #13 | ADVANCED MICRO DEVICES INC (AMD) - 1.82% | WALMART INC (WMT) - 2.57% |
| #14 | INTEL CORP (INTC) - 1.36% | CISCO SYSTEMS INC (CSCO) - 2.07% |
| #15 | CISCO SYSTEMS INC (CSCO) - 1.03% | COSTCO WHOLESALE CORP (COST) - 1.97% |
| #16 | COSTCO WHOLESALE CORP (COST) - 0.98% | LAM RESEARCH CORP (LRCX) - 1.79% |
| #17 | LAM RESEARCH CORP (LRCX) - 0.89% | NETFLIX INC (NFLX) - 1.64% |
| #18 | NETFLIX INC (NFLX) - 0.82% | APPLIED MATERIALS INC (AMAT) - 1.60% |
| #19 | APPLIED MATERIALS INC (AMAT) - 0.80% | n/a (PLTR) - 1.39% |
| #20 | n/a (PLTR) - 0.69% | TEXAS INSTRUMENTS INC (TXN) - 1.31% |
| #21 | TEXAS INSTRUMENTS INC (TXN) - 0.65% | QUALCOMM INC (QCOM) - 1.18% |
| #22 | QUALCOMM INC (QCOM) - 0.58% | KLA CORP (KLAC) - 1.17% |
| #23 | KLA CORP (KLAC) - 0.58% | LINDE PLC (LIN) - 1.06% |
| #24 | LINDE PLC (LIN) - 0.53% | SANDISK CORP ORDINARY SHARES (SNDK) - 1.04% |
| #25 | SANDISK CORP ORDINARY SHARES (SNDK) - 0.52% | T-MOBILE US INC (TMUS) - 0.93% |
| Total Holdings | 923 | 103 |
ONEQ vs QQQ - Historical Returns
Returns include dividend reinvestment.
ONEQ vs QQQ - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ONEQ | QQQ |
|---|---|---|
| 2026 | +11.27% | +15.14% |
| 2025 | +21.08% | +21.00% |
| 2024 | +31.75% | +27.74% |
| 2023 | +46.53% | +55.91% |
| 2022 | -32.97% | -33.22% |
| 2021 | +24.00% | +29.25% |
| 2020 | +43.15% | +46.18% |
| 2019 | +37.55% | +38.40% |
| 2018 | -4.54% | -1.84% |
| 2017 | +28.37% | +31.49% |
| 2016 | +11.35% | +9.41% |
| 2015 | +7.55% | +9.78% |
| 2014 | +15.19% | +20.12% |
| 2013 | +35.41% | +32.43% |
| 2012 | +15.29% | +15.89% |
| 2011 | -2.18% | +1.79% |
| 2010 | +16.05% | +18.18% |
| 2009 | +39.93% | +48.26% |
| 2008 | -38.87% | -40.84% |
| 2007 | +9.80% | +18.80% |
| 2006 | +8.55% | +4.81% |
| 2005 | +3.01% | +2.65% |
| 2004 | +8.54% | +10.83% |
| 2003 | +9.20% | +43.60% |
| 2002 | N/A | -39.24% |
| 2001 | N/A | -27.19% |
| 2000 | N/A | -38.39% |
| 1999 | N/A | +39.76% |
ONEQ vs QQQ Drawdown Comparison
The maximum drawdown for ONEQ was -55.09%, occurring on Mar 9, 2009. Recovery took 823 trading sessions.
The maximum drawdown for QQQ was -82.97%, occurring on Oct 9, 2002. Recovery took 3748 trading sessions.
The current ONEQ drawdown is -5.06%. The current QQQ drawdown is -5.51%.
| Rank | ONEQ | QQQ |
|---|---|---|
| #1 | -55.09% Oct 31, 2007 - Feb 7, 2011 | -82.97% Mar 27, 2000 - Feb 20, 2015 |
| #2 | -35.23% Nov 19, 2021 - Jan 29, 2024 | -35.12% Dec 27, 2021 - Dec 13, 2023 |
| #3 | -30.16% Feb 19, 2020 - Jun 5, 2020 | -28.56% Feb 19, 2020 - Jun 3, 2020 |
| #4 | -24.09% Dec 16, 2024 - Jun 26, 2025 | -22.79% Aug 29, 2018 - Apr 12, 2019 |
| #5 | -23.27% Aug 31, 2018 - Apr 23, 2019 | -22.77% Feb 19, 2025 - Jun 24, 2025 |
| #6 | -18.54% Jul 7, 2011 - Feb 2, 2012 | -16.10% Dec 1, 2015 - Jul 27, 2016 |
| #7 | -18.36% Jan 20, 2004 - Dec 3, 2004 | -15.46% Jan 3, 2000 - Jan 19, 2000 |
| #8 | -17.65% Jul 20, 2015 - Jul 29, 2016 | -13.94% Jul 20, 2015 - Oct 28, 2015 |
| #9 | -14.70% Apr 19, 2006 - Oct 16, 2006 | -13.56% Jul 10, 2024 - Nov 6, 2024 |
| #10 | -13.24% Jul 10, 2024 - Oct 29, 2024 | -12.62% Sep 2, 2020 - Dec 1, 2020 |
| #11 | -12.72% Dec 30, 2004 - Jul 20, 2005 | -11.97% Oct 29, 2025 - Apr 15, 2026 |
| #12 | -12.64% Oct 29, 2025 - Apr 15, 2026 | -10.98% May 3, 2019 - Jul 3, 2019 |
| #13 | -11.96% Sep 2, 2020 - Nov 25, 2020 | -10.85% Feb 12, 2021 - Apr 9, 2021 |
| #14 | -11.77% Mar 27, 2012 - Sep 6, 2012 | -10.65% Jan 21, 2000 - Feb 3, 2000 |
| #15 | -10.92% Sep 19, 2012 - Feb 1, 2013 | -10.52% Mar 9, 2000 - Mar 23, 2000 |
Correlation
Correlation between ONEQ and QQQ is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2003 - 2026)
ONEQ vs QQQ dividend yield comparison.
| Year | ONEQ | QQQ |
|---|---|---|
| 2026 | 0.30% | 0.10% |
| 2025 | 0.54% | 0.45% |
| 2024 | 0.65% | 0.56% |
| 2023 | 0.71% | 0.62% |
| 2022 | 0.97% | 0.80% |
| 2021 | 0.54% | 0.43% |
| 2020 | 0.71% | 0.55% |
| 2019 | 2.51% | 0.74% |
| 2018 | 1.08% | 0.91% |
| 2017 | 0.84% | 0.84% |
| 2016 | 1.12% | 1.06% |
| 2015 | 1.04% | 0.99% |
| 2014 | 1.19% | 1.41% |
| 2013 | 0.84% | 1.02% |
| 2012 | 1.42% | 1.26% |
| 2011 | 0.85% | 0.83% |
| 2010 | 0.68% | 0.66% |
| 2009 | 0.51% | 0.46% |
| 2008 | 0.92% | 0.47% |
| 2007 | 0.57% | 0.28% |
| 2006 | 0.46% | 0.31% |
| 2005 | 0.97% | 0.34% |
| 2004 | 1.20% | 0.95% |
| 2003 | 0.09% | 0.04% |
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