PBUS vs ONEQ: Holdings Overlap
Invesco · 537 holdings · $11.4B · as of 2026-05-31
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
How similar are PBUS and ONEQ?
Invesco MSCI USA ETF (PBUS, by Invesco) holds 537 positions; Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022. They have 182 holdings in common, and by portfolio weight the two funds are 58.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 58.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 182PBUS holds 537 · ONEQ holds 1022
- Weight in Shared Holdings
- PBUS 58%·ONEQ 88%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 PBUS
355 of 537 positions (41.4% of the fund) are not held by ONEQ. Showing the top 30 by weight.
Only in ONEQ
840 of 1022 positions (11.2% of the fund) are not held by PBUS. Showing the top 30 by weight.
Sector Breakdown
| Sector | PBUS | ONEQ |
|---|---|---|
| Information Technology | 38.0% | 53.0% |
| Communication Services | 10.7% | 15.2% |
| Consumer Discretionary | 9.7% | 12.5% |
| Financials | 11.1% | 2.8% |
| Industrials | 8.5% | 3.1% |
| Other Sectors | 21.6% | 11.3% |
| Unclassified | 0.0% | 1.6% |
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 (0% of PBUS, 2% of ONEQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
| ONEQ | +3.3% | +15.4% | +26.6% | +25.1% | +13.6% | +18.8% | 0.51% |
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 PBUS vs ONEQ →
Shared Holdings(182)
The top 10 shared positions account for 66% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 7.77% | 11.18% | 7.77% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.94% | 9.98% | 6.94% |
 MSFTMicrosoft Corp. COM | 4.81% | 7.29% | 4.81% |
 AMZNAmazon.com, Inc. COM | 3.94% | 6.33% | 3.94% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.35% | 4.83% | 3.35% |
 AVGOBroadcom Inc COM | 3.05% | 4.61% | 3.05% |
 GOOGAlphabet Inc. CAP STK CL C | 2.77% | 4.46% | 2.77% |
 METAMeta Platforms, Inc., Class A | 2.09% | 3.01% | 2.09% |
 TSLATesla Inc COM | 1.86% | 3.56% | 1.86% |
 MUMicron Technology Inc. COM | 1.65% | 2.37% | 1.65% |
 AMDAdvanced Micro Devices Inc. COM | 1.27% | 1.83% | 1.27% |
 INTCIntel Corporation COM | 0.78% | 1.24% | 0.78% |
 WMTWalmart Inc COM | 0.77% | 2.01% | 0.77% |
 CSCOCisco Systems, Inc. COM | 0.72% | 1.03% | 0.72% |
 COSTCostco Wholesale Corporation COM | 0.64% | 0.92% | 0.64% |
 LRCXLam Research Corporation COM NEW | 0.60% | 0.86% | 0.60% |
 NFLXNetflix, Inc. COM | 0.55% | 0.79% | 0.55% |
 PLTRPalantir Technologies, Inc., Class A | 0.54% | 0.78% | 0.54% |
 AMATApplied Materials Inc. COM | 0.54% | 0.77% | 0.54% |
 TXNTexas Instruments Inc. COM | 0.42% | 0.60% | 0.42% |
 QCOMQUALCOMM Inc. COM | 0.40% | 0.58% | 0.40% |
 KLACKLA Corp. COM NEW | 0.38% | 0.55% | 0.38% |
 LINLinde PLC COM EUR0.001 | 0.35% | 0.50% | 0.35% |
 PANWPalo Alto Networks Inc COM | 0.34% | 0.50% | 0.34% |
 ADIAnalog Devices Inc. COM | 0.31% | 0.44% | 0.31% |
Frequently Asked Questions
How much do PBUS and ONEQ overlap?
PBUS and ONEQ overlap by 58.2% of portfolio weight. They share 182 holdings (PBUS holds 537 positions and ONEQ holds 1022), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PBUS and ONEQ?
The two portfolios are 58.2% 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 PBUS and ONEQ?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 66% of the total overlap.
What does PBUS own that ONEQ doesn't?
355 positions (41.4% of PBUS) are unique to PBUS, led by LLY, JPM and BRK-B. In the other direction, 840 positions (11.2% of ONEQ) are unique to ONEQ.