ONEQ vs OMFL: Holdings Overlap
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
OMFLInvesco Russell 1000 Dynamic Multifactor ETF
Invesco · 478 holdings · $4.8B · as of 2026-05-31
How similar are ONEQ and OMFL?
Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022 positions; Invesco Russell 1000 Dynamic Multifactor ETF (OMFL, by Invesco) holds 478. They have 168 holdings in common, and by portfolio weight the two funds are 44.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 44.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 168ONEQ holds 1022 · OMFL holds 478
- Weight in Shared Holdings
- ONEQ 82%·OMFL 59%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 ONEQ
854 of 1022 positions (17.7% of the fund) are not held by OMFL. Showing the top 30 by weight.
Sector Breakdown
| Sector | ONEQ | OMFL |
|---|---|---|
| Information Technology | 53.0% | 33.6% |
| Communication Services | 15.2% | 11.2% |
| Consumer Discretionary | 12.5% | 9.4% |
| Financials | 2.8% | 11.1% |
| Health Care | 4.4% | 9.8% |
| Other Sectors | 10.0% | 24.8% |
| Unclassified | 1.6% | 0.0% |
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 (2% of ONEQ, 0% of OMFL).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ONEQ | +3.3% | +15.4% | +26.6% | +25.1% | +13.6% | +18.8% | 0.51% |
| OMFL | +3.5% | +17.0% | +23.0% | +13.4% | +9.8% | — | 0.78% |
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 ONEQ vs OMFL →
Shared Holdings(168)
The top 10 shared positions account for 74% of the overlap, led by AAPL, NVDA and GOOGL.
 AAPLApple Inc. COM | 9.98% | 8.57% | 8.57% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 11.18% | 5.05% | 5.05% |
 GOOGLAlphabet Inc. CAP STK CL A | 4.83% | 4.38% | 4.38% |
 GOOGAlphabet Inc. CAP STK CL C | 4.46% | 3.53% | 3.53% |
 MSFTMicrosoft Corp. COM | 7.29% | 3.14% | 3.14% |
 MUMicron Technology Inc. COM | 2.37% | 2.37% | 2.37% |
 METAMeta Platforms, Inc., Class A | 3.01% | 1.84% | 1.84% |
 AMZNAmazon.com, Inc. COM | 6.33% | 1.65% | 1.65% |
 WMTWalmart Inc COM | 2.01% | 1.10% | 1.10% |
 COSTCostco Wholesale Corporation COM | 0.92% | 1.34% | 0.92% |
 LRCXLam Research Corporation COM NEW | 0.86% | 2.17% | 0.86% |
 AVGOBroadcom Inc COM | 4.61% | 0.86% | 0.86% |
 CSCOCisco Systems, Inc. COM | 1.03% | 0.83% | 0.83% |
 AMATApplied Materials Inc. COM | 0.77% | 1.19% | 0.77% |
 QCOMQUALCOMM Inc. COM | 0.58% | 2.75% | 0.58% |
 KLACKLA Corp. COM NEW | 0.55% | 0.97% | 0.55% |
 WDCWestern Digital Corp. COM | 0.39% | 0.77% | 0.39% |
 BKNGBooking Holdings Inc COM | 0.29% | 1.14% | 0.29% |
 GILDGilead Sciences Inc. COM | 0.36% | 0.27% | 0.27% |
 LINLinde PLC COM EUR0.001 | 0.50% | 0.24% | 0.24% |
 ADBEAdobe Inc COM | 0.23% | 0.94% | 0.23% |
 INTUIntuit Inc COM | 0.20% | 0.27% | 0.20% |
 MNSTMonster Beverage Corp COM | 0.18% | 0.83% | 0.18% |
 MPWRMonolithic Power Systems Inc. COM | 0.16% | 0.28% | 0.16% |
 ROSTRoss Stores Inc COM | 0.16% | 0.69% | 0.16% |
Frequently Asked Questions
How much do ONEQ and OMFL overlap?
ONEQ and OMFL overlap by 44.1% of portfolio weight. They share 168 holdings (ONEQ holds 1022 positions and OMFL holds 478), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ONEQ and OMFL?
The two portfolios are 44.1% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of ONEQ and OMFL?
The largest positions held by both funds are AAPL, NVDA, GOOGL, GOOG and MSFT. Together the top 10 shared positions account for 74% of the total overlap.
What does ONEQ own that OMFL doesn't?
854 positions (17.7% of ONEQ) are unique to ONEQ, led by INTC, SNDK and STX. In the other direction, 310 positions (41.2% of OMFL) are unique to OMFL.