ONEQ vs PBUS: Holdings Overlap
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
Invesco · 537 holdings · $11.4B · as of 2026-05-31
How similar are ONEQ and PBUS?
Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022 positions; Invesco MSCI USA ETF (PBUS, by Invesco) holds 537. They have 182 holdings in common, and by portfolio weight the two funds are 58.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 58.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 182ONEQ holds 1022 · PBUS holds 537
- Weight in Shared Holdings
- ONEQ 88%·PBUS 58%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
840 of 1022 positions (11.2% of the fund) are not held by PBUS. Showing the top 30 by weight.
Sector Breakdown
| Sector | ONEQ | PBUS |
|---|---|---|
| Information Technology | 53.0% | 38.0% |
| Communication Services | 15.2% | 10.7% |
| Consumer Discretionary | 12.5% | 9.7% |
| Financials | 2.8% | 11.1% |
| Industrials | 3.1% | 8.5% |
| Other Sectors | 11.3% | 21.6% |
| 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 PBUS).
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% |
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
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 PBUS →
Shared Holdings(182)
The top 10 shared positions account for 66% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 11.18% | 7.77% | 7.77% |
|---|---|---|---|
 AAPLApple Inc. COM | 9.98% | 6.94% | 6.94% |
 MSFTMicrosoft Corp. COM | 7.29% | 4.81% | 4.81% |
 AMZNAmazon.com, Inc. COM | 6.33% | 3.94% | 3.94% |
 GOOGLAlphabet Inc. CAP STK CL A | 4.83% | 3.35% | 3.35% |
 AVGOBroadcom Inc COM | 4.61% | 3.05% | 3.05% |
 GOOGAlphabet Inc. CAP STK CL C | 4.46% | 2.77% | 2.77% |
 METAMeta Platforms, Inc., Class A | 3.01% | 2.09% | 2.09% |
 TSLATesla Inc COM | 3.56% | 1.86% | 1.86% |
 MUMicron Technology Inc. COM | 2.37% | 1.65% | 1.65% |
 AMDAdvanced Micro Devices Inc. COM | 1.83% | 1.27% | 1.27% |
 INTCIntel Corporation COM | 1.24% | 0.78% | 0.78% |
 WMTWalmart Inc COM | 2.01% | 0.77% | 0.77% |
 CSCOCisco Systems, Inc. COM | 1.03% | 0.72% | 0.72% |
 COSTCostco Wholesale Corporation COM | 0.92% | 0.64% | 0.64% |
 LRCXLam Research Corporation COM NEW | 0.86% | 0.60% | 0.60% |
 NFLXNetflix, Inc. COM | 0.79% | 0.55% | 0.55% |
 PLTRPalantir Technologies, Inc., Class A | 0.78% | 0.54% | 0.54% |
 AMATApplied Materials Inc. COM | 0.77% | 0.54% | 0.54% |
 TXNTexas Instruments Inc. COM | 0.60% | 0.42% | 0.42% |
 QCOMQUALCOMM Inc. COM | 0.58% | 0.40% | 0.40% |
 KLACKLA Corp. COM NEW | 0.55% | 0.38% | 0.38% |
 LINLinde PLC COM EUR0.001 | 0.50% | 0.35% | 0.35% |
 PANWPalo Alto Networks Inc COM | 0.50% | 0.34% | 0.34% |
 ADIAnalog Devices Inc. COM | 0.44% | 0.31% | 0.31% |
Frequently Asked Questions
How much do ONEQ and PBUS overlap?
ONEQ and PBUS overlap by 58.2% of portfolio weight. They share 182 holdings (ONEQ holds 1022 positions and PBUS holds 537), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ONEQ and PBUS?
The two portfolios are 58.2% 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 PBUS?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 66% of the total overlap.
What does ONEQ own that PBUS doesn't?
840 positions (11.2% of ONEQ) are unique to ONEQ, led by SNDK, SHOP and ASML. In the other direction, 355 positions (41.4% of PBUS) are unique to PBUS.