NFRA vs ONEQ: Holdings Overlap
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · 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 (NFRA: 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 NFRA and ONEQ?
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185 positions; Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022. They have 24 holdings in common, and by portfolio weight the two funds are 2.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 24NFRA holds 185 · ONEQ holds 1022
- Weight in Shared Holdings
- NFRA 11%·ONEQ 2%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 NFRA
161 of 185 positions (88.3% of the fund) are not held by ONEQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | NFRA | ONEQ |
|---|---|---|
| Information Technology | 0.9% | 53.0% |
| Industrials | 25.7% | 3.1% |
| Utilities | 24.9% | 0.7% |
| Communication Services | 23.2% | 15.2% |
| Consumer Discretionary | 0.0% | 12.5% |
| Other Sectors | 16.4% | 13.3% |
| Unclassified | 8.4% | 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 (8% of NFRA, 2% of ONEQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| NFRA | +1.4% | +10.0% | +12.8% | +12.9% | +6.1% | +6.9% | 5.63% |
| 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 NFRA vs ONEQ →
Shared Holdings(24)
The top 10 shared positions account for 85% of the overlap, led by TMUS, CEG and EQIX.
 TMUST-Mobile US Inc COM | 1.34% | 0.45% | 0.45% |
|---|---|---|---|
 CEGConstellation Energy Corp. COM | 1.40% | 0.23% | 0.23% |
 EQIXEquinix, Inc. COM | 1.41% | 0.23% | 0.23% |
 CMCSAComcast Corporation CL A | 1.27% | 0.19% | 0.19% |
 CSXCSX Corporation COM | 1.12% | 0.18% | 0.18% |
 AEPAmerican Electric Power Co, Inc. COM | 0.98% | 0.15% | 0.15% |
 NBISNebius Group N.V., Class A | 0.40% | 0.11% | 0.11% |
 CRWVCoreWeave, Inc., Class A | 0.53% | 0.11% | 0.11% |
 XELXcel Energy Inc COM | 0.65% | 0.11% | 0.11% |
 EXCExelon Corp. COM | 0.62% | 0.10% | 0.10% |
 ASTSAST SpaceMobile, Inc., Class A | 0.24% | 0.07% | 0.07% |
 ECHOEchoStar Corp., Class A | 0.24% | 0.04% | 0.04% |
 SBACSBA Communications Corp., Class A | 0.31% | 0.04% | 0.04% |
 CHTRCharter Communications, Inc., Class A | 0.18% | 0.04% | 0.04% |
 VSATViaSat, Inc. COM | 0.11% | 0.03% | 0.03% |
 SIRISiriusXM Holdings Inc COMMON STOCK | 0.06% | 0.02% | 0.02% |
 CWSTCasella Waste Systems, Inc., Class A | 0.06% | 0.01% | 0.01% |
 LBRDKLiberty Broadband Corporation COM SER C | 0.06% | 0.01% | 0.01% |
 FRMIFermi Inc. COM | 0.02% | 0.01% | 0.01% |
 PCTPureCycle Technologies Inc. COM | 0.01% | 0.01% | 0.01% |
 HTOH2O America COM | 0.03% | 0.01% | 0.01% |
 ACHCAcadia Healthcare Company, Inc. COM | 0.03% | 0.01% | 0.01% |
 FSLYFastly, Inc., Class A | 0.05% | 0.01% | 0.01% |
 MSEXMiddlesex Water Co. COM | 0.01% | 0.01% | 0.01% |
Frequently Asked Questions
How much do NFRA and ONEQ overlap?
NFRA and ONEQ overlap by 2.2% of portfolio weight. They share 24 holdings (NFRA holds 185 positions and ONEQ holds 1022), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NFRA and ONEQ?
The two portfolios are 2.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of NFRA and ONEQ?
The largest positions held by both funds are TMUS, CEG, EQIX, CMCSA and CSX. Together the top 10 shared positions account for 85% of the total overlap.
What does NFRA own that ONEQ doesn't?
161 positions (88.3% of NFRA) are unique to NFRA, led by 9984, CP and DTE. In the other direction, 998 positions (97.3% of ONEQ) are unique to ONEQ.