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ONEQ - ETF AI Analysis
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Fidelity Nasdaq Composite Index ETF (ONEQ)
Rating:74Outperform
Price Target:―
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)
AUM9.03B
RegionNorth America
Expense Ratio0.21%
Beta1.28
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. Volume291,367
30 Day Avg. Volume300,383
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
113.16Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering993
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’s story is all about Big Tech on the Nasdaq stage. Nvidia, Apple, and Microsoft sit in the driver’s seat, but lately they’ve been losing a bit of steam, which has taken some wind out of the fund’s sails. Alphabet and Amazon are the bright spots, rising on the back of strong AI and cloud momentum, while Walmart adds a steady, defensive note from outside tech. With a heavy tilt toward U.S. technology and communication services, performance is largely dictated by a handful of mega-cap innovators.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 11.71% | $1.06B | $4.49T | 35.01% | 76 Outperform | |
| Apple | 10.16% | $918.30M | $3.87T | 7.96% | 79 Outperform | |
| Microsoft | 7.68% | $694.67M | $2.95T | -3.66% | 79 Outperform | |
| Amazon | 5.60% | $506.47M | $2.16T | -9.64% | 71 Outperform | |
| Alphabet Class A | 4.58% | $414.34M | $3.66T | 63.72% | 85 Outperform | |
| Alphabet Class C | 4.27% | $386.12M | $3.66T | 62.42% | 82 Outperform | |
| Broadcom | 4.09% | $369.73M | $1.58T | 45.81% | 76 Outperform | |
| Tesla | 4.02% | $363.13M | $1.54T | 14.08% | 73 Outperform | |
| Meta Platforms | 3.62% | $327.78M | $1.62T | -8.60% | 76 Outperform | |
| Walmart | 2.67% | $241.75M | $1.03T | 21.75% | 78 Outperform |
ONEQ Technical Analysis
Negative
―
Price Trends
91.73
Negative
91.04
Negative
85.71
Positive
Market Momentum
-0.76
Positive
42.44
Neutral
29.86
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ONEQ, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 91.22, equal to the 50-day MA of 91.73, and equal to the 200-day MA of 85.71, indicating a neutral trend. The MACD of -0.76 indicates Positive momentum. The RSI at 42.44 is Neutral, neither overbought nor oversold. The STOCH value of 29.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ONEQ.
ONEQ Peer Comparison
Comparison Results
Performance Comparison
ONEQ
Fidelity Nasdaq Composite Index ETF
89.54
11.31
14.46%
CGUS
Capital Group Core Equity ETF
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―
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AKRE
Akre Focus ETF
―
―
―
BBUS
JP Morgan Betabuilders U.S. Equity ETF
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―
DSI
iShares MSCI KLD 400 Social ETF
―
―
―
VTHR
Vanguard Russell 3000 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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