ONEQ vs QUAL: Holdings Overlap
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
QUALiShares MSCI USA Quality Factor ETF
iShares · 121 holdings · $47.8B · as of 2026-04-30
Holdings snapshots are 31 days apart (ONEQ: 2026-05-31, QUAL: 2026-04-30). 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 QUAL?
Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022 positions; iShares MSCI USA Quality Factor ETF (QUAL, by iShares) holds 121. They have 45 holdings in common, and by portfolio weight the two funds are 35.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 35.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 45ONEQ holds 1022 · QUAL holds 121
- Weight in Shared Holdings
- ONEQ 52%·QUAL 52%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
977 of 1022 positions (47.8% of the fund) are not held by QUAL. Showing the top 30 by weight.
Sector Breakdown
| Sector | ONEQ | QUAL |
|---|---|---|
| Information Technology | 53.0% | 34.4% |
| Communication Services | 15.2% | 11.0% |
| Consumer Discretionary | 12.5% | 9.8% |
| Financials | 2.8% | 11.6% |
| Industrials | 3.1% | 9.4% |
| Other Sectors | 11.3% | 23.6% |
| 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 QUAL).
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% |
| QUAL | +3.6% | +14.1% | +23.7% | +19.0% | +11.5% | +14.4% | 0.84% |
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 QUAL →
Shared Holdings(45)
The top 10 shared positions account for 82% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 11.18% | 6.50% | 6.50% |
|---|---|---|---|
 AAPLApple Inc. COM | 9.98% | 6.27% | 6.27% |
 MSFTMicrosoft Corp. COM | 7.29% | 5.04% | 5.04% |
 METAMeta Platforms, Inc., Class A | 3.01% | 3.49% | 3.01% |
 GOOGLAlphabet Inc. CAP STK CL A | 4.83% | 2.53% | 2.53% |
 GOOGAlphabet Inc. CAP STK CL C | 4.46% | 2.11% | 2.11% |
 WMTWalmart Inc COM | 2.01% | 1.23% | 1.23% |
 COSTCostco Wholesale Corporation COM | 0.92% | 1.31% | 0.92% |
 LRCXLam Research Corporation COM NEW | 0.86% | 3.22% | 0.86% |
 NFLXNetflix, Inc. COM | 0.79% | 1.99% | 0.79% |
 AMATApplied Materials Inc. COM | 0.77% | 2.45% | 0.77% |
 QCOMQUALCOMM Inc. COM | 0.58% | 1.41% | 0.58% |
 KLACKLA Corp. COM NEW | 0.55% | 2.78% | 0.55% |
 LINLinde PLC COM EUR0.001 | 0.50% | 0.88% | 0.50% |
 PEPPepsico Inc COM | 0.43% | 0.46% | 0.43% |
 APPAppLovin Corp., Class A | 0.41% | 0.67% | 0.41% |
 VRTXVertex Pharmaceuticals Incorporated COM | 0.25% | 0.42% | 0.25% |
 ADBEAdobe Inc COM | 0.23% | 1.19% | 0.23% |
 CDNSCadence Design Systems, Inc. COM | 0.23% | 0.57% | 0.23% |
 FTNTFortinet Inc COM | 0.22% | 0.76% | 0.22% |
 CMECME Group, Inc., Class A | 0.21% | 0.40% | 0.21% |
 ADPAutomatic Data Processing, Inc. COM | 0.19% | 0.88% | 0.19% |
 MPWRMonolithic Power Systems Inc. COM | 0.16% | 0.70% | 0.16% |
 MNSTMonster Beverage Corp COM | 0.18% | 0.16% | 0.16% |
 CTASCintas Corporation COM | 0.15% | 0.53% | 0.15% |
Frequently Asked Questions
How much do ONEQ and QUAL overlap?
ONEQ and QUAL overlap by 35.6% of portfolio weight. They share 45 holdings (ONEQ holds 1022 positions and QUAL holds 121), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ONEQ and QUAL?
The two portfolios are 35.6% 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 QUAL?
The largest positions held by both funds are NVDA, AAPL, MSFT, META and GOOGL. Together the top 10 shared positions account for 82% of the total overlap.
What does ONEQ own that QUAL doesn't?
977 positions (47.8% of ONEQ) are unique to ONEQ, led by AMZN, AVGO and TSLA. In the other direction, 76 positions (47.5% of QUAL) are unique to QUAL.