ONEQ vs USMV: Holdings Overlap
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
Holdings snapshots are 31 days apart (ONEQ: 2026-05-31, USMV: 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 USMV?
Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022 positions; iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170. They have 74 holdings in common, and by portfolio weight the two funds are 18.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 18.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 74ONEQ holds 1022 · USMV holds 170
- Weight in Shared Holdings
- ONEQ 68%·USMV 36%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
948 of 1022 positions (31.8% of the fund) are not held by USMV. Showing the top 30 by weight.
Only in USMV
96 of 170 positions (63.6% of the fund) are not held by ONEQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | ONEQ | USMV |
|---|---|---|
| Information Technology | 53.0% | 29.2% |
| Communication Services | 15.2% | 5.9% |
| Financials | 2.8% | 13.7% |
| Health Care | 4.4% | 12.7% |
| Consumer Discretionary | 12.5% | 5.9% |
| Other Sectors | 10.0% | 32.3% |
| 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 USMV).
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% |
| USMV | +2.3% | +7.6% | +10.3% | +12.2% | +7.4% | +9.9% | 1.44% |
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 USMV →
Shared Holdings(74)
The top 10 shared positions account for 48% of the overlap, led by NVDA, MSFT and CSCO.
 NVDANVIDIA Corp. COM | 11.18% | 1.63% | 1.63% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 7.29% | 1.56% | 1.56% |
 CSCOCisco Systems, Inc. COM | 1.03% | 1.80% | 1.03% |
 WMTWalmart Inc COM | 2.01% | 0.87% | 0.87% |
 AAPLApple Inc. COM | 9.98% | 0.82% | 0.82% |
 TXNTexas Instruments Inc. COM | 0.60% | 0.77% | 0.60% |
 AMDAdvanced Micro Devices Inc. COM | 1.83% | 0.53% | 0.53% |
 LINLinde PLC COM EUR0.001 | 0.50% | 0.69% | 0.50% |
 AVGOBroadcom Inc COM | 4.61% | 0.50% | 0.50% |
 PANWPalo Alto Networks Inc COM | 0.50% | 0.53% | 0.50% |
 PLTRPalantir Technologies, Inc., Class A | 0.78% | 0.49% | 0.49% |
 GOOGAlphabet Inc. CAP STK CL C | 4.46% | 0.45% | 0.45% |
 TMUST-Mobile US Inc COM | 0.45% | 1.16% | 0.45% |
 ADIAnalog Devices Inc. COM | 0.44% | 0.43% | 0.43% |
 PEPPepsico Inc COM | 0.43% | 1.01% | 0.43% |
 MUMicron Technology Inc. COM | 2.37% | 0.42% | 0.42% |
 GILDGilead Sciences Inc. COM | 0.36% | 0.82% | 0.36% |
 COSTCostco Wholesale Corporation COM | 0.92% | 0.32% | 0.32% |
 AMGNAmgen Inc. COM | 0.39% | 0.31% | 0.31% |
 MRVLMarvell Technology Inc COM | 0.39% | 0.26% | 0.26% |
 VRTXVertex Pharmaceuticals Incorporated COM | 0.25% | 1.36% | 0.25% |
 NFLXNetflix, Inc. COM | 0.79% | 0.23% | 0.23% |
 ADBEAdobe Inc COM | 0.23% | 0.57% | 0.23% |
 FTNTFortinet Inc COM | 0.22% | 0.43% | 0.22% |
 CMECME Group, Inc., Class A | 0.21% | 0.94% | 0.21% |
Frequently Asked Questions
How much do ONEQ and USMV overlap?
ONEQ and USMV overlap by 18.0% of portfolio weight. They share 74 holdings (ONEQ holds 1022 positions and USMV holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ONEQ and USMV?
The two portfolios are 18.0% 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 USMV?
The largest positions held by both funds are NVDA, MSFT, CSCO, WMT and AAPL. Together the top 10 shared positions account for 48% of the total overlap.
What does ONEQ own that USMV doesn't?
948 positions (31.8% of ONEQ) are unique to ONEQ, led by GOOGL, TSLA and INTC. In the other direction, 96 positions (63.6% of USMV) are unique to USMV.