ONEQ - ETF AI Analysis

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Fidelity Nasdaq Composite Index ETF (ONEQ)

Rating:74Outperform

Price Target:―

The Fidelity Nasdaq Composite Index ETF (ONEQ) benefits from its strong holdings in companies like Apple and Microsoft, which contribute positively to its rating due to their robust financial performance, strategic growth in emerging markets, and leadership in key industries like consumer electronics and cloud computing. Alphabet also adds strength with its focus on AI and cloud services, despite some cost-related challenges. However, the ETF's overall rating is slightly tempered by holdings like Tesla and Amazon, which face valuation concerns and mixed technical indicators. A key risk factor is the ETF's concentration in technology-focused companies, which could make it more sensitive to sector-specific volatility.

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)

AUM9.46B

RegionNorth America

Expense Ratio0.21%

Beta1.28

IssuerFidelity

Inception DateSep 25, 2003

Dividend Yield0.53%

Asset ClassEquity

Index TrackedNASDAQ Composite Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume237,425

30 Day Avg. Volume301,032

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

110.57

Price Target Upside― Downside

Rating ConsensusStrong Buy

Number of Analyst Covering997

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 ONEQ ETF leans heavily into technology, with nearly half its weight in the sector, and its performance reflects this focus. Nvidia and Broadcom are driving gains with their strong positioning in AI and semiconductors, though Nvidia has shown some recent volatility. Apple and Microsoft remain steady contributors, bolstered by their dominance in consumer tech and cloud services, respectively. Alphabet’s strong growth in AI and cloud is a bright spot, while Meta’s mixed performance and expense concerns weigh slightly on the fund. Overall, the ETF’s U.S.-centric, tech-heavy approach captures the pulse of innovation but adds some sector-specific risk.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
NVDA	Nvidia	11.51%	$1.09B	$4.49T	36.15%	76 Outperform
AAPL	Apple	9.64%	$912.01M	$3.83T	9.37%	79 Outperform
MSFT	Microsoft	9.00%	$851.92M	$3.55T	14.12%	79 Outperform
AMZN	Amazon	6.47%	$612.19M	$2.63T	12.49%	71 Outperform
GOOGL	Alphabet Class A	4.69%	$444.12M	$3.97T	69.46%	85 Outperform
GOOG	Alphabet Class C	4.37%	$413.33M	$3.97T	68.77%	82 Outperform
AVGO	Broadcom	4.06%	$384.26M	$1.58T	48.22%	76 Outperform
TSLA	Tesla	3.59%	$339.88M	$1.45T	10.40%	73 Outperform
META	Meta Platforms	3.54%	$334.63M	$1.65T	4.90%	76 Outperform
WMT	Walmart	2.25%	$212.75M	$901.19B	21.58%	78 Outperform

ONEQ Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

91.50

Positive

100DMA

89.50

Positive

200DMA

82.29

Positive

Market Momentum

MACD

0.32

Negative

RSI

54.21

Neutral

STOCH

73.05

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ONEQ, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 91.85, equal to the 50-day MA of 91.50, and equal to the 200-day MA of 82.29, indicating a bullish trend. The MACD of 0.32 indicates Negative momentum. The RSI at 54.21 is Neutral, neither overbought nor oversold. The STOCH value of 73.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ONEQ.

ONEQ Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
ONEQ	―	―	$9.46B	0.21%	―
AKRE	―	―	$9.71B	0.98%	―
CGUS	―	―	$8.55B	0.33%	―
BBUS	―	―	$6.88B	0.02%	―
DSI	―	―	$5.17B	0.25%	―
VTHR	―	―	$4.05B	0.07%	―

Performance Comparison

ONEQ

Fidelity Nasdaq Composite Index ETF

92.35

17.58

23.51%

AKRE

Akre Focus ETF

―

CGUS

Capital Group Core Equity ETF

―

BBUS

JP Morgan Betabuilders U.S. Equity ETF

―

DSI

iShares MSCI KLD 400 Social ETF

―

VTHR

Vanguard Russell 3000 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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