FVD vs ONEQ: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
Holdings snapshots are 61 days apart (FVD: 2026-03-31, 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 FVD and ONEQ?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022. They have 49 holdings in common, and by portfolio weight the two funds are 5.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 49FVD holds 236 · ONEQ holds 1022
- Weight in Shared Holdings
- FVD 21%·ONEQ 6%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 FVD
187 of 236 positions (79.0% of the fund) are not held by ONEQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | ONEQ |
|---|---|---|
| Information Technology | 4.6% | 53.0% |
| Utilities | 18.9% | 0.7% |
| Financials | 18.5% | 2.8% |
| Communication Services | 2.5% | 15.2% |
| Industrials | 15.1% | 3.1% |
| Other Sectors | 35.5% | 23.0% |
| Unclassified | 4.7% | 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 (5% of FVD, 2% of ONEQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
| 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 FVD vs ONEQ →
Shared Holdings(49)
The top 10 shared positions account for 61% of the overlap, led by LIN, PEP and TMUS.
 LINLinde PLC COM EUR0.001 | 0.43% | 0.50% | 0.43% |
|---|---|---|---|
 PEPPepsico Inc COM | 0.43% | 0.43% | 0.43% |
 TMUST-Mobile US Inc COM | 0.42% | 0.45% | 0.42% |
 CSCOCisco Systems, Inc. COM | 0.41% | 1.03% | 0.41% |
 AMGNAmgen Inc. COM | 0.42% | 0.39% | 0.39% |
 GILDGilead Sciences Inc. COM | 0.43% | 0.36% | 0.36% |
 HONHoneywell International Inc. COM | 0.42% | 0.33% | 0.33% |
 CMECME Group, Inc., Class A | 0.40% | 0.21% | 0.21% |
 CMCSAComcast Corporation CL A | 0.41% | 0.19% | 0.19% |
 ADPAutomatic Data Processing, Inc. COM | 0.41% | 0.19% | 0.19% |
 CSXCSX Corporation COM | 0.44% | 0.18% | 0.18% |
 MDLZMondelez International, Inc., Class A | 0.42% | 0.17% | 0.17% |
 AEPAmerican Electric Power Co, Inc. COM | 0.43% | 0.15% | 0.15% |
 PCARPaccar Inc COM | 0.42% | 0.13% | 0.13% |
 NDAQNasdaq Inc COM | 0.41% | 0.11% | 0.11% |
 FASTFastenal Co. COM | 0.44% | 0.11% | 0.11% |
 XELXcel Energy Inc COM | 0.43% | 0.11% | 0.11% |
 EXCExelon Corp. COM | 0.44% | 0.10% | 0.10% |
 CCEPCoca-Cola Europacific Partners PLC COM EUR0.01 | 0.41% | 0.09% | 0.09% |
 KDPKeurig Dr Pepper Inc COM | 0.42% | 0.09% | 0.09% |
 PAYXPaychex Inc COM | 0.41% | 0.07% | 0.07% |
 KMBKimberly-Clark Corporation COM | 0.41% | 0.07% | 0.07% |
 KHCThe Kraft Heinz Co. COM | 0.44% | 0.06% | 0.06% |
 VRSNVerisign, Inc. COM | 0.43% | 0.06% | 0.06% |
 CTSHCognizant Technology Solutions Corp., Class A | 0.41% | 0.06% | 0.06% |
Frequently Asked Questions
How much do FVD and ONEQ overlap?
FVD and ONEQ overlap by 5.5% of portfolio weight. They share 49 holdings (FVD holds 236 positions and ONEQ holds 1022), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and ONEQ?
The two portfolios are 5.5% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FVD and ONEQ?
The largest positions held by both funds are LIN, PEP, TMUS, CSCO and AMGN. Together the top 10 shared positions account for 61% of the total overlap.
What does FVD own that ONEQ doesn't?
187 positions (79.0% of FVD) are unique to FVD, led by ETR, RIO and AMX. In the other direction, 973 positions (93.3% of ONEQ) are unique to ONEQ.