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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 +15.1% compared to +13.3%

ONEQ vs QQQ - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
ONEQ
$11B
Winner
QQQ
$490B
Expense Ratio
ONEQ
0.21%
Winner
QQQ
0.18%
Max Drawdown
Winner
ONEQ
55.55%
QQQ
82.97%
Sharpe Ratio
ONEQ
1.12
Winner
QQQ
1.16
5Y Beta
ONEQ
1.26
Winner
QQQ
1.25
P/E Ratio
ONEQ
38.20
Winner
QQQ
37.55
Forward P/E
ONEQ
23.44
Winner
QQQ
23.24
PEG Ratio
ONEQ
N/A
QQQ
0.24
5Y Dividends CAGR
Winner
ONEQ
21.81%
QQQ
10.86%
5Y EPS CAGR
Winner
ONEQ
32.11%
QQQ
31.57%
Debt to Equity
ONEQ
N/A
QQQ
34.35%
P/S Ratio
Winner
ONEQ
3.77
QQQ
6.18
P/B Ratio
Winner
ONEQ
8.02
QQQ
9.31

ONEQ vs QQQ - Holdings Comparison

ONEQ and QQQ have 103 common holdings. Overlap is 71.23%

ONEQ's top 25 holdings weight is 72.78%. QQQ's top 25 holdings weight is 70.85%.

RankONEQQQQ
#1
NVIDIA CORP (NVDA) - 11.26%
NVIDIA CORP (NVDA) - 8.16%
#2
APPLE INC (AAPL) - 10.53%
APPLE INC (AAPL) - 7.63%
#3
MICROSOFT CORP (MSFT) - 6.43%
MICROSOFT CORP (MSFT) - 4.66%
#4
AMAZON.COM INC (AMZN) - 6.00%
MICRON TECHNOLOGY INC (MU) - 4.46%
#5
ALPHABET INC CLASS A (GOOGL) - 4.73%
AMAZON.COM INC (AMZN) - 4.35%
#6
ALPHABET INC CLASS C (GOOG) - 4.42%
ADVANCED MICRO DEVICES INC (AMD) - 3.78%
#7
BROADCOM INC (AVGO) - 4.09%
ALPHABET INC CLASS A (GOOGL) - 3.43%
#8
META PLATFORMS INC CLASS A (META) - 3.27%
META PLATFORMS INC CLASS A (META) - 3.20%
#9
TESLA INC (TSLA) - 3.24%
ALPHABET INC CLASS C (GOOG) - 3.20%
#10
MICRON TECHNOLOGY INC (MU) - 2.23%
TESLA INC (TSLA) - 3.12%
#11
n/a (SPCX) - 2.18%
BROADCOM INC (AVGO) - 2.96%
#12
WALMART INC (WMT) - 1.96%
WALMART INC (WMT) - 2.40%
#13
ADVANCED MICRO DEVICES INC (AMD) - 1.89%
INTEL CORP (INTC) - 2.27%
#14
n/a (n/a) - 1.88%
APPLIED MATERIALS INC (AMAT) - 2.01%
#15
INTEL CORP (INTC) - 1.14%
CISCO SYSTEMS INC (CSCO) - 1.93%
#16
APPLIED MATERIALS INC (AMAT) - 1.01%
LAM RESEARCH CORP (LRCX) - 1.84%
#17
CISCO SYSTEMS INC (CSCO) - 0.96%
COSTCO WHOLESALE CORP (COST) - 1.78%
#18
LAM RESEARCH CORP (LRCX) - 0.92%
NETFLIX INC (NFLX) - 1.36%
#19
COSTCO WHOLESALE CORP (COST) - 0.89%
n/a (PLTR) - 1.34%
#20
NETFLIX INC (NFLX) - 0.68%
KLA CORP (KLAC) - 1.28%
#21
n/a (PLTR) - 0.67%
PALO ALTO NETWORKS INC (PANW) - 1.26%
#22
KLA CORP (KLAC) - 0.65%
TEXAS INSTRUMENTS INC (TXN) - 1.20%
#23
PALO ALTO NETWORKS INC (PANW) - 0.63%
n/a (SPCX) - 1.14%
#24
TEXAS INSTRUMENTS INC (TXN) - 0.60%
SANDISK CORP ORDINARY SHARES (SNDK) - 1.05%
#25
LINDE PLC (LIN) - 0.52%
LINDE PLC (LIN) - 1.04%
Total Holdings904105

ONEQ vs QQQ - Historical Returns

Returns include dividend reinvestment.

1M
Winner
ONEQ
-1.13%
QQQ
-3.93%
3M
ONEQ
+6.79%
Winner
QQQ
+10.15%
6M
ONEQ
+12.11%
Winner
QQQ
+15.31%
1Y
ONEQ
+24.46%
Winner
QQQ
+26.27%
5Y(CAGR)
ONEQ
+13.28%
Winner
QQQ
+15.10%
10Y(CAGR)
ONEQ
+18.92%
Winner
QQQ
+20.99%
Max(CAGR)
Winner
ONEQ
+13.31%
QQQ
+10.03%

ONEQ vs QQQ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearONEQQQQ
2026+12.08%+15.90%
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 -4.38%. The current QQQ drawdown is -4.88%.

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
20260.59%0.22%
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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