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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

Net Assets
ONEQ
$10B
Winner
QQQ
$440B
Expense Ratio
ONEQ
0.21%
Winner
QQQ
0.18%
Max Drawdown
Winner
ONEQ
55.55%
QQQ
82.97%
Sharpe Ratio
ONEQ
1.60
Winner
QQQ
1.62
5Y Beta
ONEQ
1.26
Winner
QQQ
1.23
P/E Ratio
ONEQ
39.15
Winner
QQQ
38.69
Forward P/E
Winner
ONEQ
25.48
QQQ
25.83
PEG Ratio
ONEQ
N/A
QQQ
0.33
5Y Dividends CAGR
Winner
ONEQ
16.46%
QQQ
10.60%
5Y EPS CAGR
Winner
ONEQ
32.58%
QQQ
30.80%
Debt to Equity
ONEQ
N/A
QQQ
35.72%
P/S Ratio
Winner
ONEQ
3.52
QQQ
6.07
P/B Ratio
Winner
ONEQ
8.15
QQQ
9.39

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%.

RankONEQQQQ
#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 Holdings923103

ONEQ vs QQQ - Historical Returns

Returns include dividend reinvestment.

1M
ONEQ
+1.65%
Winner
QQQ
+3.44%
3M
ONEQ
+13.55%
Winner
QQQ
+15.93%
6M
ONEQ
+9.72%
Winner
QQQ
+13.01%
1Y
ONEQ
+34.41%
Winner
QQQ
+35.00%
5Y(CAGR)
ONEQ
+14.43%
Winner
QQQ
+16.70%
10Y(CAGR)
ONEQ
+19.10%
Winner
QQQ
+21.25%
Max(CAGR)
Winner
ONEQ
+13.35%
QQQ
+10.05%

ONEQ vs QQQ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearONEQQQQ
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%
2002N/A-39.24%
2001N/A-27.19%
2000N/A-38.39%
1999N/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%.

RankONEQQQQ
#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.

1.00
-101

Dividend Comparison (2003 - 2026)

ONEQ vs QQQ dividend yield comparison.

YearONEQQQQ
20260.30%0.10%
20250.54%0.45%
20240.65%0.56%
20230.71%0.62%
20220.97%0.80%
20210.54%0.43%
20200.71%0.55%
20192.51%0.74%
20181.08%0.91%
20170.84%0.84%
20161.12%1.06%
20151.04%0.99%
20141.19%1.41%
20130.84%1.02%
20121.42%1.26%
20110.85%0.83%
20100.68%0.66%
20090.51%0.46%
20080.92%0.47%
20070.57%0.28%
20060.46%0.31%
20050.97%0.34%
20041.20%0.95%
20030.09%0.04%

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