ONEQ vs QQQ: Holdings Overlap
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Holdings snapshots are 61 days apart (ONEQ: 2026-05-31, QQQ: 2026-03-31). 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 ONEQ and QQQ?
Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 100 holdings in common, and by portfolio weight the two funds are 71.2% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 71.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 100ONEQ holds 1022 · QQQ holds 101
- Weight in Shared Holdings
- ONEQ 84%·QQQ 100%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
922 of 1022 positions (15.5% of the fund) are not held by QQQ. Showing the top 30 by weight.
Only in QQQ
1 of 101 positions (0.2% of the fund) are not held by ONEQ.
- Thomson Reuters Corp.0.23%
Sector Breakdown
| Sector | ONEQ | QQQ |
|---|---|---|
| Information Technology | 53.0% | 49.7% |
| Communication Services | 15.2% | 16.0% |
| Consumer Discretionary | 12.5% | 12.6% |
| Consumer Staples | 4.4% | 8.5% |
| Health Care | 4.4% | 5.1% |
| Other Sectors | 8.4% | 8.0% |
| 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 QQQ).
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% |
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
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 QQQ →
Shared Holdings(100)
The top 10 shared positions account for 63% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 11.18% | 8.68% | 8.68% |
|---|---|---|---|
 AAPLApple Inc. COM | 9.98% | 7.63% | 7.63% |
 MSFTMicrosoft Corp. COM | 7.29% | 5.63% | 5.63% |
 AMZNAmazon.com, Inc. COM | 6.33% | 4.58% | 4.58% |
 TSLATesla Inc COM | 3.56% | 3.80% | 3.56% |
 GOOGLAlphabet Inc. CAP STK CL A | 4.83% | 3.43% | 3.43% |
 GOOGAlphabet Inc. CAP STK CL C | 4.46% | 3.20% | 3.20% |
 METAMeta Platforms, Inc., Class A | 3.01% | 3.46% | 3.01% |
 AVGOBroadcom Inc COM | 4.61% | 3.01% | 3.01% |
 MUMicron Technology Inc. COM | 2.37% | 2.15% | 2.15% |
 WMTWalmart Inc COM | 2.01% | 3.43% | 2.01% |
 AMDAdvanced Micro Devices Inc. COM | 1.83% | 1.88% | 1.83% |
 INTCIntel Corporation COM | 1.24% | 1.25% | 1.24% |
 CSCOCisco Systems, Inc. COM | 1.03% | 1.73% | 1.03% |
 COSTCostco Wholesale Corporation COM | 0.92% | 2.50% | 0.92% |
 LRCXLam Research Corporation COM NEW | 0.86% | 1.51% | 0.86% |
 NFLXNetflix, Inc. COM | 0.79% | 2.30% | 0.79% |
 PLTRPalantir Technologies, Inc., Class A | 0.78% | 1.90% | 0.78% |
 AMATApplied Materials Inc. COM | 0.77% | 1.53% | 0.77% |
 TXNTexas Instruments Inc. COM | 0.60% | 1.00% | 0.60% |
 QCOMQUALCOMM Inc. COM | 0.58% | 0.78% | 0.58% |
 KLACKLA Corp. COM NEW | 0.55% | 1.09% | 0.55% |
 LINLinde PLC COM EUR0.001 | 0.50% | 1.30% | 0.50% |
 PANWPalo Alto Networks Inc COM | 0.50% | 0.74% | 0.50% |
 TMUST-Mobile US Inc COM | 0.45% | 1.31% | 0.45% |
Frequently Asked Questions
How much do ONEQ and QQQ overlap?
ONEQ and QQQ overlap by 71.2% of portfolio weight. They share 100 holdings (ONEQ holds 1022 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ONEQ and QQQ?
The two portfolios are 71.2% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of ONEQ and QQQ?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and TSLA. Together the top 10 shared positions account for 63% of the total overlap.
What does ONEQ own that QQQ doesn't?
922 positions (15.5% of ONEQ) are unique to ONEQ, led by SNDK, EQIX and CME. In the other direction, 1 positions (0.2% of QQQ) are unique to QQQ.