ONEQ vs SKYY: Holdings Overlap
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
SKYYFirst Trust Cloud Computing ETF
First Trust · 62 holdings · $3.1B · as of 2026-03-31
Holdings snapshots are 61 days apart (ONEQ: 2026-05-31, SKYY: 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 SKYY?
Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022 positions; First Trust Cloud Computing ETF (SKYY, by First Trust) holds 62. They have 33 holdings in common, and by portfolio weight the two funds are 14.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 14.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 33ONEQ holds 1022 · SKYY holds 62
- Weight in Shared Holdings
- ONEQ 22%·SKYY 51%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
989 of 1022 positions (77.1% of the fund) are not held by SKYY. Showing the top 30 by weight.
Sector Breakdown
| Sector | ONEQ | SKYY |
|---|---|---|
| Information Technology | 53.0% | 82.6% |
| Communication Services | 15.2% | 8.7% |
| Consumer Discretionary | 12.5% | 3.7% |
| Consumer Staples | 4.4% | 0.0% |
| Health Care | 4.4% | 0.6% |
| Other Sectors | 8.4% | 1.2% |
| Unclassified | 1.6% | 3.1% |
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, 3% of SKYY).
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% |
| SKYY | +12.3% | +20.1% | +27.6% | +25.7% | +8.0% | +17.1% | — |
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 SKYY →
Shared Holdings(33)
The top 10 shared positions account for 94% of the overlap, led by AMZN, MSFT and GOOGL.
 AMZNAmazon.com, Inc. COM | 6.33% | 3.68% | 3.68% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 7.29% | 3.50% | 3.50% |
 GOOGLAlphabet Inc. CAP STK CL A | 4.83% | 3.42% | 3.42% |
 CSCOCisco Systems, Inc. COM | 1.03% | 2.42% | 1.03% |
 PANWPalo Alto Networks Inc COM | 0.50% | 0.67% | 0.50% |
 APPAppLovin Corp., Class A | 0.41% | 1.70% | 0.41% |
 CRWDCrowdstrike Holdings, Inc., Class A | 0.40% | 0.65% | 0.40% |
 SHOPShopify Inc CL A SUB VTG SHS | 0.32% | 1.82% | 0.32% |
 ADBEAdobe Inc COM | 0.23% | 1.72% | 0.23% |
 INTUIntuit Inc COM | 0.20% | 0.65% | 0.20% |
 DDOGDatadog, Inc., Class A | 0.18% | 0.65% | 0.18% |
 CRWVCoreWeave, Inc., Class A | 0.11% | 3.01% | 0.11% |
 NTAPNetApp Inc. COM | 0.07% | 1.92% | 0.07% |
 WDAYWorkday, Inc., Class A | 0.07% | 0.60% | 0.07% |
 MDBMongoDB, Inc., Class A | 0.06% | 2.31% | 0.06% |
 ZMZoom Communications, Inc., Class A | 0.06% | 0.67% | 0.06% |
 ZSZscaler Inc COM | 0.05% | 0.59% | 0.05% |
 AKAMAkamai Technologies, Inc. COM | 0.05% | 2.89% | 0.05% |
 TEAMAtlassian Corporation CL A | 0.04% | 1.69% | 0.04% |
 NTNXNutanix, Inc., Class A | 0.03% | 3.69% | 0.03% |
 DOCUDocusign, Inc., Class A | 0.02% | 0.65% | 0.02% |
 TTDTrade Desk, Inc. (The), Class A | 0.02% | 0.59% | 0.02% |
 PCTYPaylocity Holding Corporation COM | 0.02% | 0.63% | 0.02% |
 TTANServiceTitan, Inc., Class A | 0.01% | 1.63% | 0.01% |
 OTEXOpen Text Corp COM NPV | 0.01% | 0.56% | 0.01% |
Frequently Asked Questions
How much do ONEQ and SKYY overlap?
ONEQ and SKYY overlap by 14.6% of portfolio weight. They share 33 holdings (ONEQ holds 1022 positions and SKYY holds 62), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ONEQ and SKYY?
The two portfolios are 14.6% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of ONEQ and SKYY?
The largest positions held by both funds are AMZN, MSFT, GOOGL, CSCO and PANW. Together the top 10 shared positions account for 94% of the total overlap.
What does ONEQ own that SKYY doesn't?
989 positions (77.1% of ONEQ) are unique to ONEQ, led by NVDA, AAPL and AVGO. In the other direction, 29 positions (48.9% of SKYY) are unique to SKYY.