ONEQ vs SPHQ: Holdings Overlap
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
SPHQInvesco S&P 500 Quality ETF
Invesco · 99 holdings · $20.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (ONEQ: 2026-05-31, SPHQ: 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 SPHQ?
Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022 positions; Invesco S&P 500 Quality ETF (SPHQ, by Invesco) holds 99. They have 40 holdings in common, and by portfolio weight the two funds are 12.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 40ONEQ holds 1022 · SPHQ holds 99
- Weight in Shared Holdings
- ONEQ 18%·SPHQ 43%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
982 of 1022 positions (81.1% of the fund) are not held by SPHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | ONEQ | SPHQ |
|---|---|---|
| Information Technology | 53.0% | 27.6% |
| Industrials | 3.1% | 24.5% |
| Consumer Staples | 4.4% | 15.3% |
| Communication Services | 15.2% | 2.0% |
| Financials | 2.8% | 13.4% |
| Other Sectors | 19.4% | 17.0% |
| 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 SPHQ).
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% |
| SPHQ | -0.8% | +15.3% | +21.9% | +19.9% | +12.7% | +14.6% | 1.09% |
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 SPHQ →
Shared Holdings(40)
The top 10 shared positions account for 81% of the overlap, led by AAPL, CSCO and COST.
 AAPLApple Inc. COM | 9.98% | 4.50% | 4.50% |
|---|---|---|---|
 CSCOCisco Systems, Inc. COM | 1.03% | 3.54% | 1.03% |
 COSTCostco Wholesale Corporation COM | 0.92% | 4.81% | 0.92% |
 LRCXLam Research Corporation COM NEW | 0.86% | 4.09% | 0.86% |
 AMATApplied Materials Inc. COM | 0.77% | 2.79% | 0.77% |
 QCOMQUALCOMM Inc. COM | 0.58% | 2.03% | 0.58% |
 KLACKLA Corp. COM NEW | 0.55% | 3.27% | 0.55% |
 APPAppLovin Corp., Class A | 0.41% | 1.56% | 0.41% |
 WDCWestern Digital Corp. COM | 0.39% | 2.15% | 0.39% |
 GILDGilead Sciences Inc. COM | 0.36% | 2.27% | 0.36% |
 ADBEAdobe Inc COM | 0.23% | 1.44% | 0.23% |
 CEGConstellation Energy Corp. COM | 0.23% | 0.99% | 0.23% |
 FTNTFortinet Inc COM | 0.22% | 0.85% | 0.22% |
 MNSTMonster Beverage Corp COM | 0.18% | 0.82% | 0.18% |
 MDLZMondelez International, Inc., Class A | 0.17% | 0.80% | 0.17% |
 CTASCintas Corporation COM | 0.15% | 0.62% | 0.15% |
 ABNBAirbnb, Inc., Class A | 0.12% | 0.60% | 0.12% |
 FASTFastenal Co. COM | 0.11% | 0.53% | 0.11% |
 EBAYeBay Inc. COM | 0.11% | 0.66% | 0.11% |
 EAElectronic Arts Inc. COM | 0.11% | 0.45% | 0.11% |
 IDXXIDEXX Laboratories Inc. COM | 0.10% | 0.61% | 0.10% |
 NTAPNetApp Inc. COM | 0.07% | 0.32% | 0.07% |
 KMBKimberly-Clark Corporation COM | 0.07% | 0.40% | 0.07% |
 ACGLArch Capital Group Ltd. COM USD0.01 | 0.07% | 0.34% | 0.07% |
 EXPEExpedia Group Inc COM NEW | 0.06% | 0.32% | 0.06% |
Frequently Asked Questions
How much do ONEQ and SPHQ overlap?
ONEQ and SPHQ overlap by 12.9% of portfolio weight. They share 40 holdings (ONEQ holds 1022 positions and SPHQ holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ONEQ and SPHQ?
The two portfolios are 12.9% 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 SPHQ?
The largest positions held by both funds are AAPL, CSCO, COST, LRCX and AMAT. Together the top 10 shared positions account for 81% of the total overlap.
What does ONEQ own that SPHQ doesn't?
982 positions (81.1% of ONEQ) are unique to ONEQ, led by NVDA, MSFT and AMZN. In the other direction, 59 positions (56.8% of SPHQ) are unique to SPHQ.