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ONEQ - ETF AI Analysis
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Fidelity Nasdaq Composite Index ETF (ONEQ)
Rating:75Outperform
Price Target:
$102.00
Positive Factors
Strong Top Holdings
Several of the largest positions, such as Nvidia, Broadcom, and Alphabet, have delivered strong year-to-date gains, supporting the ETF's overall performance.
Technology Sector Leadership
With over half of its exposure in the technology sector, the ETF benefits from the strong growth trends in this high-performing industry.
Low Expense Ratio
The ETF charges a competitive expense ratio, making it cost-effective compared to many actively managed funds.
Negative Factors
High Concentration in Top Holdings
The top three stocks—Nvidia, Microsoft, and Apple—make up a significant portion of the portfolio, increasing reliance on their performance.
Limited Geographic Diversification
The ETF is heavily focused on U.S. companies, with minimal exposure to international markets, which may limit protection against global economic shifts.
Underperformance in Key Holdings
Some major holdings, like Apple and Amazon, have shown weaker year-to-date performance compared to others, potentially dragging down returns.
ONEQ vs. SPDR S&P 500 ETF (SPY)
AUM9.00B
RegionNorth America
Expense Ratio0.21%
Beta1.28
IssuerFidelity
Inception DateSep 25, 2003
Dividend Yield0.58%
Asset ClassEquity
Index TrackedNASDAQ Composite Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume440,660
30 Day Avg. Volume256,785
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
111.28Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1010
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ONEQ Summary
The Fidelity Nasdaq Composite Index ETF (ONEQ) is an investment fund that tracks the Nasdaq Composite Index, giving you exposure to a wide range of companies listed on the Nasdaq Stock Market. It includes well-known tech giants like Nvidia and Microsoft, as well as companies in sectors like healthcare and consumer services. Investors might consider ONEQ for its diversification and potential growth, especially since it focuses heavily on innovative industries like technology. However, because over half of its holdings are in the tech sector, its performance can be heavily influenced by how the tech industry is doing overall.
How much will it cost me?The Fidelity Nasdaq Composite Index ETF (ONEQ) has an expense ratio of 0.21%, which means you’ll pay $2.10 per year for every $1,000 invested. This is lower than the average for actively managed funds because it is passively managed, tracking the Nasdaq Composite Index. Passive funds generally have lower costs since they don’t require frequent trading or active stock selection.
What would affect this ETF?The ONEQ ETF, heavily focused on technology and consumer services, could benefit from continued innovation and growth in tech giants like Nvidia, Microsoft, and Apple, as well as increased consumer spending in the U.S. market. However, it may face challenges from rising interest rates, which can negatively impact growth stocks, and regulatory scrutiny on major tech companies, which could affect their performance. Economic conditions, such as a potential recession, could also weigh on consumer cyclical sectors and broader market sentiment.
ONEQ Top 10 Holdings
The Fidelity Nasdaq Composite Index ETF (ONEQ) leans heavily into technology, with giants like Nvidia and Microsoft leading the charge. Nvidia’s soaring performance, fueled by its dominance in AI infrastructure, has been a standout driver for the fund, while Microsoft’s steady growth in cloud and AI services adds stability. Apple’s mixed results show promise but lack the momentum of its peers. Amazon and Meta have been lagging recently, holding back broader gains. With over half of its exposure in tech and a U.S.-centric focus, ONEQ is riding the innovation wave but remains vulnerable to sector-specific volatility.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 11.93% | $1.07B | $4.53T | 27.85% | 76 Outperform | |
| Apple | 10.74% | $961.73M | $3.97T | 17.28% | 80 Outperform | |
| Microsoft | 9.93% | $889.37M | $3.62T | 17.24% | 82 Outperform | |
| Amazon | 6.42% | $575.11M | $2.38T | 9.76% | 76 Outperform | |
| Alphabet Class A | 4.47% | $400.65M | $3.53T | 66.39% | 80 Outperform | |
| Broadcom | 4.33% | $387.83M | $1.67T | 117.10% | 76 Outperform | |
| Alphabet Class C | 4.19% | $374.95M | $3.53T | 65.22% | 86 Outperform | |
| Tesla | 3.50% | $313.61M | $1.34T | 18.12% | 73 Outperform | |
| Meta Platforms | 3.50% | $313.44M | $1.49T | 4.38% | 71 Outperform | |
| Netflix | 1.31% | $117.44M | $466.11B | 24.46% | 69 Neutral |
ONEQ Technical Analysis
Neutral
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Price Trends
89.98
Negative
86.57
Positive
79.42
Positive
Market Momentum
-0.18
Positive
42.32
Neutral
21.17
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ONEQ, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 91.56, equal to the 50-day MA of 89.98, and equal to the 200-day MA of 79.42, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 42.32 is Neutral, neither overbought nor oversold. The STOCH value of 21.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ONEQ.
ONEQ Peer Comparison
Comparison Results
Performance Comparison
ONEQ
Fidelity Nasdaq Composite Index ETF
88.79
14.50
19.52%
AVUS
Avantis U.S. Equity ETF
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DFAU
Dimensional US Core Equity Market ETF
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PBUS
Invesco PureBeta MSCI USA ETF
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CGUS
Capital Group Core Equity ETF
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BBUS
JP Morgan Betabuilders U.S. Equity ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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