ONEQ - ETF AI Analysis

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Fidelity Nasdaq Composite Index ETF (ONEQ)

Rating:74Outperform

Price Target:―

ONEQ, the Fidelity Nasdaq Composite Index ETF, has a solid overall rating driven by large positions in high-quality tech leaders like Apple, Microsoft, and Alphabet, which benefit from strong financial performance, growth in AI and cloud, and generally positive technical trends. The fund’s rating is held back somewhat by holdings such as Tesla, Amazon, and Meta, where high valuations, mixed technical signals, and cash flow or expense concerns introduce more uncertainty. A key risk for ONEQ is its heavy concentration in a handful of large technology and AI-focused companies, which can increase volatility if sentiment toward the sector shifts.

Positive Factors

Large, Well-Known Tech Leaders

The ETF’s biggest positions are in major technology and internet companies that are widely followed and have been important drivers of long-term market growth.

Broad Sector Spread Within Growth Areas

While technology is the largest slice, the fund also holds meaningful exposure to communication services, consumer cyclical, and several other sectors, helping spread risk across different parts of the growth economy.

Moderate Expense Ratio for a Thematic Index

The fund’s expense ratio is relatively low for a Nasdaq-focused index ETF, which helps investors keep more of any returns over time.

Negative Factors

Heavy Concentration in a Few Mega-Cap Stocks

A small group of large companies makes up a big share of the portfolio, so weakness in these names can strongly affect the ETF’s performance.

Recent Performance Has Been Soft

The ETF has shown weak year-to-date and recent one-month returns, reflecting pressure on many of its largest holdings.

Very High U.S. and Tech Exposure

With almost all assets in U.S. stocks and about half the fund in technology, investors face added risk if U.S. growth or tech-related shares fall out of favor.

ONEQ vs. SPDR S&P 500 ETF (SPY)

AUM9.02B

RegionNorth America

Expense Ratio0.21%

Beta1.27

IssuerFidelity

Inception DateSep 25, 2003

Dividend Yield0.55%

Asset ClassEquity

Index TrackedNASDAQ Composite Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume367,266

30 Day Avg. Volume316,187

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

115.61

Price Target Upside― Downside

Rating ConsensusStrong Buy

Number of Analyst Covering994

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

ONEQ Summary

The Fidelity Nasdaq Composite Index ETF (ONEQ) aims to match the performance of the Nasdaq Composite Index, which includes thousands of U.S. stocks, especially in technology, consumer, and healthcare. It holds many well-known companies such as Apple and Nvidia, giving you a simple way to own a broad slice of the Nasdaq in a single investment. Someone might invest in ONEQ for long-term growth and diversification across many innovative businesses. However, because it is heavily tilted toward tech and growth stocks, its price can be quite volatile and may rise or fall sharply with the market.

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

ONEQ is essentially riding the Nasdaq’s Big Tech and AI wave, with Nvidia in the driver’s seat as a rising standout, helped by steady-to-strong showings from Apple and Meta. Alphabet’s twin share classes add extra tech heft, keeping the fund firmly anchored in U.S. mega-cap growth. On the flip side, Microsoft and Amazon have been losing a bit of altitude lately, acting as mild brakes on performance rather than full-on drags. Overall, this is a U.S.-centric, tech-heavy story with a clear tilt toward AI and digital platforms.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
NVDA	Nvidia	11.63%	$1.05B	$4.52T	60.73%	76 Outperform
AAPL	Apple	9.98%	$900.10M	$3.83T	20.20%	79 Outperform
MSFT	Microsoft	7.81%	$704.32M	$3.01T	5.64%	79 Outperform
AMZN	Amazon	5.93%	$535.15M	$2.28T	6.92%	71 Outperform
GOOGL	Alphabet Class A	4.63%	$417.71M	$3.73T	84.73%	85 Outperform
GOOG	Alphabet Class C	4.30%	$388.08M	$3.73T	82.50%	82 Outperform
AVGO	Broadcom	4.19%	$377.71M	$1.62T	75.86%	76 Outperform
TSLA	Tesla	3.88%	$350.10M	$1.53T	64.38%	73 Outperform
META	Meta Platforms	3.69%	$332.56M	$1.66T	5.70%	76 Outperform
WMT	Walmart	2.58%	$232.79M	$984.24B	44.94%	78 Outperform

ONEQ Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

91.03

Negative

100DMA

91.11

Negative

200DMA

86.97

Positive

Market Momentum

MACD

-0.48

Negative

RSI

47.26

Neutral

STOCH

64.77

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 89.49, equal to the 50-day MA of 91.03, and equal to the 200-day MA of 86.97, indicating a neutral trend. The MACD of -0.48 indicates Negative momentum. The RSI at 47.26 is Neutral, neither overbought nor oversold. The STOCH value of 64.77 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

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
ONEQ	―	―	$9.02B	0.21%	74 Outperform
PBUS	―	―	$10.00B	0.04%	74 Outperform
CGUS	―	―	$9.06B	0.33%	72 Outperform
AKRE	―	―	$7.51B	0.98%	67 Neutral
BBUS	―	―	$7.16B	0.02%	74 Outperform
DSI	―	―	$4.87B	0.25%	74 Outperform

Performance Comparison

ONEQ

Fidelity Nasdaq Composite Index ETF

87.86

20.13

29.72%

PBUS

Invesco PureBeta MSCI USA ETF

―

CGUS

Capital Group Core Equity ETF

―

AKRE

Akre Focus ETF

―

BBUS

JP Morgan Betabuilders U.S. Equity ETF

―

DSI

iShares MSCI KLD 400 Social ETF

―

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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