ONEQ vs TCAF: Holdings Overlap
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
TCAFT. Rowe Price Capital Appreciation Equity ETF
T. Rowe Price · 92 holdings · $8.3B · as of 2026-03-31
Holdings snapshots are 61 days apart (ONEQ: 2026-05-31, TCAF: 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 TCAF?
Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022 positions; T. Rowe Price Capital Appreciation Equity ETF (TCAF, by T. Rowe Price) holds 92. They have 33 holdings in common, and by portfolio weight the two funds are 40.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 40.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 33ONEQ holds 1022 · TCAF holds 92
- Weight in Shared Holdings
- ONEQ 58%·TCAF 54%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 (41.0% of the fund) are not held by TCAF. Showing the top 30 by weight.
Sector Breakdown
| Sector | ONEQ | TCAF |
|---|---|---|
| Information Technology | 53.0% | 30.5% |
| Health Care | 4.4% | 17.6% |
| Communication Services | 15.2% | 8.2% |
| Consumer Discretionary | 12.5% | 12.1% |
| Utilities | 0.7% | 10.2% |
| Other Sectors | 12.0% | 17.9% |
| Unclassified | 1.6% | 3.3% |
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 TCAF).
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% |
| TCAF | +3.1% | +12.1% | +18.5% | +18.6% | — | — | 0.45% |
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 TCAF →
Shared Holdings(33)
The top 10 shared positions account for 95% of the overlap, led by MSFT, AMZN and AAPL.
 MSFTMicrosoft Corp. COM | 7.29% | 7.12% | 7.12% |
|---|---|---|---|
 AMZNAmazon.com, Inc. COM | 6.33% | 6.40% | 6.33% |
 AAPLApple Inc. COM | 9.98% | 5.95% | 5.95% |
 NVDANVIDIA Corp. COM | 11.18% | 5.34% | 5.34% |
 GOOGLAlphabet Inc. CAP STK CL A | 4.83% | 4.05% | 4.05% |
 AVGOBroadcom Inc COM | 4.61% | 3.08% | 3.08% |
 METAMeta Platforms, Inc., Class A | 3.01% | 3.93% | 3.01% |
 AMDAdvanced Micro Devices Inc. COM | 1.83% | 2.22% | 1.83% |
 MUMicron Technology Inc. COM | 2.37% | 0.70% | 0.70% |
 KLACKLA Corp. COM NEW | 0.55% | 0.56% | 0.55% |
 GILDGilead Sciences Inc. COM | 0.36% | 0.35% | 0.35% |
 BKNGBooking Holdings Inc COM | 0.29% | 0.35% | 0.29% |
 SBUXStarbucks Corp. COM | 0.24% | 1.41% | 0.24% |
 MARMarriott International, Inc., Class A | 0.21% | 0.20% | 0.20% |
 CDNSCadence Design Systems, Inc. COM | 0.23% | 0.19% | 0.19% |
 DASHDoorDash, Inc., Class A | 0.14% | 0.70% | 0.14% |
 GOOGAlphabet Inc. CAP STK CL C | 4.46% | 0.09% | 0.09% |
 KDPKeurig Dr Pepper Inc COM | 0.09% | 2.42% | 0.09% |
 ALNYAlnylam Pharmaceuticals Inc. COM | 0.09% | 0.79% | 0.09% |
 WDAYWorkday, Inc., Class A | 0.07% | 0.64% | 0.07% |
 BIIBBiogen Inc COM | 0.06% | 0.28% | 0.06% |
 WTWWillis Towers Watson Public Limited Company COM USD0.000304635 | 0.05% | 0.67% | 0.05% |
 PTCPTC Inc COM | 0.04% | 2.20% | 0.04% |
 AURAurora Innovation Inc CLASS A COM | 0.03% | 0.48% | 0.03% |
 BNTXBioNTech SE, ADR | 0.03% | 0.40% | 0.03% |
Frequently Asked Questions
How much do ONEQ and TCAF overlap?
ONEQ and TCAF overlap by 40.0% of portfolio weight. They share 33 holdings (ONEQ holds 1022 positions and TCAF holds 92), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ONEQ and TCAF?
The two portfolios are 40.0% 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 TCAF?
The largest positions held by both funds are MSFT, AMZN, AAPL, NVDA and GOOGL. Together the top 10 shared positions account for 95% of the total overlap.
What does ONEQ own that TCAF doesn't?
989 positions (41.0% of ONEQ) are unique to ONEQ, led by TSLA, WMT and INTC. In the other direction, 59 positions (45.6% of TCAF) are unique to TCAF.