FHLC vs ONEQ: Holdings Overlap
FHLCFidelity MSCI Health Care Index ETF
Fidelity · 337 holdings · $3.3B · as of 2026-04-30
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
Holdings snapshots are 31 days apart (FHLC: 2026-04-30, ONEQ: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are FHLC and ONEQ?
Fidelity MSCI Health Care Index ETF (FHLC, by Fidelity) holds 337 positions; Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022. They have 209 holdings in common, and by portfolio weight the two funds are 4.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 209FHLC holds 337 · ONEQ holds 1022
- Weight in Shared Holdings
- FHLC 26%·ONEQ 4%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FHLC
128 of 337 positions (73.7% of the fund) are not held by ONEQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FHLC | ONEQ |
|---|---|---|
| Health Care | 99.6% | 4.4% |
| Information Technology | 0.0% | 53.0% |
| Communication Services | 0.0% | 15.2% |
| Consumer Discretionary | 0.0% | 12.5% |
| Consumer Staples | 0.0% | 4.4% |
| Other Sectors | 0.0% | 8.4% |
| Unclassified | 0.0% | 1.6% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (0% of FHLC, 2% of ONEQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FHLC | +0.7% | +9.3% | +33.0% | +10.0% | +5.3% | +10.1% | 1.26% |
| ONEQ | +3.3% | +15.4% | +26.6% | +25.1% | +13.6% | +18.8% | 0.51% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FHLC vs ONEQ →
Shared Holdings(209)
The top 10 shared positions account for 44% of the overlap, led by AMGN, GILD and ISRG.
 AMGNAmgen Inc. COM | 3.01% | 0.39% | 0.39% |
|---|---|---|---|
 GILDGilead Sciences Inc. COM | 2.62% | 0.36% | 0.36% |
 ISRGIntuitive Surgical Inc. COM NEW | 2.62% | 0.33% | 0.33% |
 VRTXVertex Pharmaceuticals Incorporated COM | 1.75% | 0.25% | 0.25% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 1.18% | 0.14% | 0.14% |
 IDXXIDEXX Laboratories Inc. COM | 0.72% | 0.10% | 0.10% |
 ALNYAlnylam Pharmaceuticals Inc. COM | 0.66% | 0.09% | 0.09% |
 NTRANatera Inc. COM | 0.44% | 0.07% | 0.07% |
 RVMDRevolution Medicines Inc COM | 0.38% | 0.07% | 0.07% |
 DXCMDexCom Inc COM | 0.38% | 0.06% | 0.06% |
 BIIBBiogen Inc COM | 0.45% | 0.06% | 0.06% |
 GEHCGE Healthcare Technologies Inc. COMMON STOCK | 0.45% | 0.06% | 0.06% |
 ILMNIllumina Inc COM | 0.31% | 0.05% | 0.05% |
 UTHRUnited Therapeutics Corporation COM | 0.38% | 0.05% | 0.05% |
 INSMInsmed Inc COM PAR $.01 | 0.47% | 0.05% | 0.05% |
 RPRXRoyalty Pharma PLC COM USD0.0001 CLASS A | 0.33% | 0.05% | 0.05% |
 ROIVRoivant Sciences Ltd SHS | 0.17% | 0.05% | 0.05% |
 MRNAModerna Inc COM | 0.26% | 0.04% | 0.04% |
 INCYIncyte Corporation. COM | 0.26% | 0.04% | 0.04% |
 VTRSViatris Inc COM | 0.28% | 0.04% | 0.04% |
 GHGuardant Health Inc COM | 0.16% | 0.04% | 0.04% |
 NBIXNeurocrine Biosciences Inc COM | 0.21% | 0.03% | 0.03% |
 JAZZJazz Pharmaceuticals Public Limited Company | 0.18% | 0.03% | 0.03% |
 EXELExelixis, Inc. COM | 0.18% | 0.03% | 0.03% |
 MEDPMedpace Holdings Inc. COM | 0.15% | 0.03% | 0.03% |
Frequently Asked Questions
How much do FHLC and ONEQ overlap?
FHLC and ONEQ overlap by 4.2% of portfolio weight. They share 209 holdings (FHLC holds 337 positions and ONEQ holds 1022), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FHLC and ONEQ?
The two portfolios are 4.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FHLC and ONEQ?
The largest positions held by both funds are AMGN, GILD, ISRG, VRTX and REGN. Together the top 10 shared positions account for 44% of the total overlap.
What does FHLC own that ONEQ doesn't?
128 positions (73.7% of FHLC) are unique to FHLC, led by LLY, JNJ and ABBV. In the other direction, 813 positions (95.3% of ONEQ) are unique to ONEQ.