ONEQ - ETF AI Analysis
Top Page
Fidelity Nasdaq Composite Index ETF (ONEQ)
Rating:74Outperform
Price Target:―
Positive Factors
Large, Established Tech Leaders
The ETF’s biggest positions include well-known technology and internet companies that have generally shown strong or steady performance, helping support the fund’s recent gains.
Broad Sector Diversification Within Growth Areas
While technology is the largest slice, the fund also spreads money across communication services, consumer sectors, health care, and financials, which helps reduce the impact if one growth sector stumbles.
Moderate Expense Ratio for a Specialized Index
The fund’s ongoing fee is relatively low for a Nasdaq-focused ETF, allowing more of the fund’s returns to stay in investors’ pockets 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 sharp moves in these names can significantly sway the ETF’s overall performance.
Mixed Performance Among Top Holdings
Some major positions, including large technology and electric vehicle stocks, have recently shown weak or negative performance, which can drag on the fund even when other holdings are doing well.
High U.S. and Technology Exposure
With almost all assets in U.S. stocks and about half the portfolio in technology, the ETF is sensitive to downturns in the U.S. market and tech sector.
ONEQ vs. SPDR S&P 500 ETF (SPY)
AUM9.85B
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. Volume401,488
30 Day Avg. Volume371,743
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
114.48Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering999
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 is known for holding many U.S. growth and technology-focused companies. It owns big names like Apple and Amazon, along with hundreds of other firms across tech, consumer, and healthcare sectors, giving you broad exposure in a single investment. Someone might invest in ONEQ to seek long-term growth and easy diversification in many Nasdaq-listed companies at once. A key risk is that it is heavily tilted toward technology and growth stocks, so its price can rise and fall sharply with that part of 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 riding the Nasdaq’s tech-heavy wave, with Nvidia and Broadcom doing much of the heavy lifting as their AI-fueled rallies power the fund higher. Amazon and Alphabet are also pulling their weight, keeping the growth story intact across e-commerce and digital ads. Apple looks steady but not spectacular, while Microsoft’s more mixed recent stretch and a sluggish Tesla are adding a bit of drag. With all major holdings rooted in U.S. markets and heavily tilted toward technology and communication services, this ETF is very much a bet on American Big Tech and AI.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 11.73% | $1.16B | $4.85T | 87.58% | 76 Outperform | |
| Apple | 9.56% | $942.08M | $4.01T | 31.22% | 79 Outperform | |
| Microsoft | 7.67% | $755.10M | $3.09T | 7.34% | 79 Outperform | |
| Amazon | 6.54% | $643.96M | $2.74T | 36.74% | 71 Outperform | |
| Broadcom | 4.77% | $470.33M | $1.99T | 123.19% | 76 Outperform | |
| Alphabet Class A | 4.71% | $464.03M | $4.09T | 112.76% | 85 Outperform | |
| Alphabet Class C | 4.38% | $431.39M | $4.09T | 109.17% | 82 Outperform | |
| Meta Platforms | 3.52% | $346.30M | $1.67T | 23.63% | 76 Outperform | |
| Tesla | 3.46% | $341.21M | $1.40T | 44.01% | 73 Outperform | |
| Walmart | 2.47% | $243.10M | $1.05T | 37.76% | 78 Outperform |
ONEQ Technical Analysis
Positive
―
Price Trends
89.32
Positive
90.59
Positive
88.74
Positive
Market Momentum
2.57
Negative
72.94
Negative
95.66
Negative
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 90.81, equal to the 50-day MA of 89.32, and equal to the 200-day MA of 88.74, indicating a bullish trend. The MACD of 2.57 indicates Negative momentum. The RSI at 72.94 is Negative, neither overbought nor oversold. The STOCH value of 95.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ONEQ.
ONEQ Peer Comparison
Comparison Results
Performance Comparison
ONEQ
Fidelity Nasdaq Composite Index ETF
97.69
29.80
43.89%
BBUS
JP Morgan Betabuilders U.S. Equity ETF
―
―
―
AKRE
Akre Focus ETF
―
―
―
DSI
iShares MSCI KLD 400 Social ETF
―
―
―
VTHR
Vanguard Russell 3000 ETF
―
―
―
QLTY
GMO U.S. Quality 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.
DisclaimerThis 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: ―
Table of Contents