TCAF vs ONEQ: Holdings Overlap
TCAFT. Rowe Price Capital Appreciation Equity ETF
T. Rowe Price · 92 holdings · $8.3B · as of 2026-03-31
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
Holdings snapshots are 61 days apart (TCAF: 2026-03-31, ONEQ: 2026-05-31). 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 TCAF and ONEQ?
T. Rowe Price Capital Appreciation Equity ETF (TCAF, by T. Rowe Price) holds 92 positions; Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022. 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
- 33TCAF holds 92 · ONEQ holds 1022
- Weight in Shared Holdings
- TCAF 54%·ONEQ 58%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 TCAF
59 of 92 positions (45.6% of the fund) are not held by ONEQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | TCAF | ONEQ |
|---|---|---|
| Information Technology | 30.5% | 53.0% |
| Health Care | 17.6% | 4.4% |
| Communication Services | 8.2% | 15.2% |
| Consumer Discretionary | 12.1% | 12.5% |
| Utilities | 10.2% | 0.7% |
| Other Sectors | 17.9% | 12.0% |
| Unclassified | 3.3% | 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 (3% of TCAF, 2% of ONEQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| TCAF | +3.1% | +12.1% | +18.5% | +18.6% | — | — | 0.45% |
| 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 TCAF vs ONEQ →
Shared Holdings(33)
The top 10 shared positions account for 95% of the overlap, led by MSFT, AMZN and AAPL.
 MSFTMicrosoft Corp. COM | 7.12% | 7.29% | 7.12% |
|---|---|---|---|
 AMZNAmazon.com, Inc. COM | 6.40% | 6.33% | 6.33% |
 AAPLApple Inc. COM | 5.95% | 9.98% | 5.95% |
 NVDANVIDIA Corp. COM | 5.34% | 11.18% | 5.34% |
 GOOGLAlphabet Inc. CAP STK CL A | 4.05% | 4.83% | 4.05% |
 AVGOBroadcom Inc COM | 3.08% | 4.61% | 3.08% |
 METAMeta Platforms, Inc., Class A | 3.93% | 3.01% | 3.01% |
 AMDAdvanced Micro Devices Inc. COM | 2.22% | 1.83% | 1.83% |
 MUMicron Technology Inc. COM | 0.70% | 2.37% | 0.70% |
 KLACKLA Corp. COM NEW | 0.56% | 0.55% | 0.55% |
 GILDGilead Sciences Inc. COM | 0.35% | 0.36% | 0.35% |
 BKNGBooking Holdings Inc COM | 0.35% | 0.29% | 0.29% |
 SBUXStarbucks Corp. COM | 1.41% | 0.24% | 0.24% |
 MARMarriott International, Inc., Class A | 0.20% | 0.21% | 0.20% |
 CDNSCadence Design Systems, Inc. COM | 0.19% | 0.23% | 0.19% |
 DASHDoorDash, Inc., Class A | 0.70% | 0.14% | 0.14% |
 GOOGAlphabet Inc. CAP STK CL C | 0.09% | 4.46% | 0.09% |
 KDPKeurig Dr Pepper Inc COM | 2.42% | 0.09% | 0.09% |
 ALNYAlnylam Pharmaceuticals Inc. COM | 0.79% | 0.09% | 0.09% |
 WDAYWorkday, Inc., Class A | 0.64% | 0.07% | 0.07% |
 BIIBBiogen Inc COM | 0.28% | 0.06% | 0.06% |
 WTWWillis Towers Watson Public Limited Company COM USD0.000304635 | 0.67% | 0.05% | 0.05% |
 PTCPTC Inc COM | 2.20% | 0.04% | 0.04% |
 AURAurora Innovation Inc CLASS A COM | 0.48% | 0.03% | 0.03% |
 BNTXBioNTech SE, ADR | 0.40% | 0.03% | 0.03% |
Frequently Asked Questions
How much do TCAF and ONEQ overlap?
TCAF and ONEQ overlap by 40.0% of portfolio weight. They share 33 holdings (TCAF holds 92 positions and ONEQ holds 1022), based on each fund's latest SEC-reported holdings.
Is it redundant to own both TCAF and ONEQ?
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 TCAF and ONEQ?
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 TCAF own that ONEQ doesn't?
59 positions (45.6% of TCAF) are unique to TCAF, led by CNP, NI and COR. In the other direction, 989 positions (41.0% of ONEQ) are unique to ONEQ.