ONEQ vs SPYI
Comparison between FIDELITY NASDAQ COMPOSITE INDEX ETF (ONEQ, ETF) and NEOS S&P 500(R) HIGH INCOME ETF (SPYI, ETF).
ONEQ vs SPYI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ONEQ
$10B
SPYI
$10B
Expense Ratio
Winner
ONEQ
0.21%
SPYI
0.68%
Max Drawdown
ONEQ
55.55%
Winner
SPYI
18.53%
Sharpe Ratio
ONEQ
1.21
Winner
SPYI
1.39
5Y Beta
ONEQ
1.26
Winner
SPYI
0.83
P/E Ratio
ONEQ
32.68
Winner
SPYI
25.72
Forward P/E
ONEQ
22.61
Winner
SPYI
20.35
PEG Ratio
ONEQ
N/A
SPYI
0.27
5Y Dividends CAGR
ONEQ
21.81%
SPYI
N/A
5Y EPS CAGR
Winner
ONEQ
32.88%
SPYI
29.54%
Debt to Equity
ONEQ
N/A
SPYI
58.50%
P/S Ratio
ONEQ
3.86
Winner
SPYI
3.61
P/B Ratio
ONEQ
7.68
Winner
SPYI
5.40
ONEQ vs SPYI - Holdings Comparison
ONEQ and SPYI have 145 common holdings. Overlap is 49.10%
ONEQ's top 25 holdings weight is 72.64%. SPYI's top 25 holdings weight is 50.12%.
| Rank | ONEQ | SPYI |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 11.16% | NVIDIA CORP (NVDA) - 7.75% |
| #2 | APPLE INC (AAPL) - 10.71% | APPLE INC (AAPL) - 7.37% |
| #3 | MICROSOFT CORP (MSFT) - 6.57% | MICROSOFT CORP (MSFT) - 4.55% |
| #4 | AMAZON.COM INC (AMZN) - 5.92% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 4.50% | ALPHABET INC CLASS A (GOOGL) - 3.15% |
| #6 | ALPHABET INC CLASS C (GOOG) - 4.20% | BROADCOM INC (AVGO) - 2.83% |
| #7 | BROADCOM INC (AVGO) - 4.07% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | TESLA INC (TSLA) - 3.16% | META PLATFORMS INC CLASS A (META) - 2.16% |
| #9 | META PLATFORMS INC CLASS A (META) - 3.14% | MICRON TECHNOLOGY INC (MU) - 1.65% |
| #10 | MICRON TECHNOLOGY INC (MU) - 2.44% | TESLA INC (TSLA) - 1.65% |
| #11 | n/a (n/a) - 2.17% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #12 | n/a (SPCX) - 2.03% | ELI LILLY AND CO (LLY) - 1.42% |
| #13 | ADVANCED MICRO DEVICES INC (AMD) - 1.97% | FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 1.42% |
| #14 | WALMART INC (WMT) - 1.95% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.38% |
| #15 | INTEL CORP (INTC) - 1.18% | ADVANCED MICRO DEVICES INC (AMD) - 1.36% |
| #16 | APPLIED MATERIALS INC (AMAT) - 1.00% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.98% |
| #17 | CISCO SYSTEMS INC (CSCO) - 0.98% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #18 | COSTCO WHOLESALE CORP (COST) - 0.91% | VISA INC CLASS A (V) - 0.92% |
| #19 | LAM RESEARCH CORP (LRCX) - 0.90% | INTEL CORP (INTC) - 0.76% |
| #20 | n/a (PLTR) - 0.67% | WALMART INC (WMT) - 0.74% |
| #21 | NETFLIX INC (NFLX) - 0.64% | WESTERN DIGITAL CORP (WDC) - 0.28% |
| #22 | KLA CORP (KLAC) - 0.64% | QUALCOMM INC (QCOM) - 0.28% |
| #23 | PALO ALTO NETWORKS INC (PANW) - 0.62% | MARVELL TECHNOLOGY INC (MRVL) - 0.28% |
| #24 | TEXAS INSTRUMENTS INC (TXN) - 0.59% | ARISTA NETWORKS INC (ANET) - 0.28% |
| #25 | LINDE PLC (LIN) - 0.52% | VERIZON COMMUNICATIONS INC (VZ) - 0.28% |
| Total Holdings | 987 | 472 |
ONEQ vs SPYI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ONEQ
+3.34%
SPYI
+2.71%
3M
ONEQ
+3.84%
Winner
SPYI
+5.08%
6M
Winner
ONEQ
+16.92%
SPYI
+9.16%
1Y
Winner
ONEQ
+27.08%
SPYI
+19.85%
5Y(CAGR)
ONEQ
+13.67%
SPYI
N/A
10Y(CAGR)
ONEQ
+18.98%
SPYI
N/A
Max(CAGR)
ONEQ
+13.45%
Winner
SPYI
+15.62%
ONEQ vs SPYI - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | ONEQ | SPYI |
|---|---|---|
| 2026 | +15.87% | +10.52% |
| 2025 | +21.08% | +16.80% |
| 2024 | +31.75% | +19.49% |
| 2023 | +46.53% | +18.18% |
| 2022 | -32.97% | -2.44% |
| 2021 | +24.00% | N/A |
| 2020 | +43.15% | N/A |
| 2019 | +37.55% | N/A |
| 2018 | -4.54% | N/A |
| 2017 | +28.37% | N/A |
| 2016 | +11.35% | N/A |
| 2015 | +7.55% | N/A |
| 2014 | +15.19% | N/A |
| 2013 | +35.41% | N/A |
| 2012 | +15.29% | N/A |
| 2011 | -2.18% | N/A |
| 2010 | +16.05% | N/A |
| 2009 | +39.93% | N/A |
| 2008 | -38.87% | N/A |
| 2007 | +9.80% | N/A |
| 2006 | +8.55% | N/A |
| 2005 | +3.01% | N/A |
| 2004 | +8.54% | N/A |
| 2003 | +9.20% | N/A |
ONEQ vs SPYI Drawdown Comparison
The maximum drawdown for ONEQ was -55.09%, occurring on Mar 9, 2009. Recovery took 823 trading sessions.
The maximum drawdown for SPYI was -16.46%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.
The current ONEQ drawdown is -1.14%.
| Rank | ONEQ | SPYI |
|---|---|---|
| #1 | -55.09% Oct 31, 2007 - Feb 7, 2011 | -16.46% Feb 19, 2025 - Jun 25, 2025 |
| #2 | -35.23% Nov 19, 2021 - Jan 29, 2024 | -10.18% Sep 12, 2022 - Feb 1, 2023 |
| #3 | -30.16% Feb 19, 2020 - Jun 5, 2020 | -7.70% Feb 25, 2026 - Apr 15, 2026 |
| #4 | -24.09% Dec 16, 2024 - Jun 26, 2025 | -7.54% Jul 28, 2023 - Dec 13, 2023 |
| #5 | -23.27% Aug 31, 2018 - Apr 23, 2019 | -6.60% Jul 16, 2024 - Aug 19, 2024 |
| #6 | -18.54% Jul 7, 2011 - Feb 2, 2012 | -6.03% Feb 6, 2023 - Apr 13, 2023 |
| #7 | -18.36% Jan 20, 2004 - Dec 3, 2004 | -4.65% Mar 28, 2024 - May 15, 2024 |
| #8 | -17.65% Jul 20, 2015 - Jul 29, 2016 | -3.96% Nov 12, 2025 - Nov 28, 2025 |
| #9 | -14.70% Apr 19, 2006 - Oct 16, 2006 | -3.83% Jun 2, 2026 - Jul 10, 2026 |
| #10 | -13.24% Jul 10, 2024 - Oct 29, 2024 | -3.50% Aug 30, 2024 - Sep 19, 2024 |
| #11 | -12.72% Dec 30, 2004 - Jul 20, 2005 | -3.11% Dec 6, 2024 - Jan 22, 2025 |
| #12 | -12.64% Oct 29, 2025 - Apr 15, 2026 | -2.85% Jul 15, 2026 - Aug 3, 2026 |
| #13 | -11.96% Sep 2, 2020 - Nov 25, 2020 | -2.32% Oct 8, 2025 - Oct 20, 2025 |
| #14 | -11.77% Mar 27, 2012 - Sep 6, 2012 | -2.15% Feb 2, 2026 - Feb 25, 2026 |
| #15 | -10.92% Sep 19, 2012 - Feb 1, 2013 | -2.09% Dec 11, 2025 - Dec 22, 2025 |
Correlation
Correlation between ONEQ and SPYI 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 SPYI dividend yield comparison.
| Year | ONEQ | SPYI |
|---|---|---|
| 2026 | 0.57% | 6.80% |
| 2025 | 0.54% | 11.70% |
| 2024 | 0.65% | 12.04% |
| 2023 | 0.71% | 12.01% |
| 2022 | 0.97% | 4.10% |
| 2021 | 0.54% | 0.00% |
| 2020 | 0.71% | 0.00% |
| 2019 | 2.51% | 0.00% |
| 2018 | 1.08% | 0.00% |
| 2017 | 0.84% | 0.00% |
| 2016 | 1.12% | 0.00% |
| 2015 | 1.04% | 0.00% |
| 2014 | 1.19% | 0.00% |
| 2013 | 0.84% | 0.00% |
| 2012 | 1.42% | 0.00% |
| 2011 | 0.85% | 0.00% |
| 2010 | 0.68% | 0.00% |
| 2009 | 0.51% | 0.00% |
| 2008 | 0.92% | 0.00% |
| 2007 | 0.57% | 0.00% |
| 2006 | 0.46% | 0.00% |
| 2005 | 0.97% | 0.00% |
| 2004 | 1.20% | 0.00% |
| 2003 | 0.09% | 0.00% |
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