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ETFs

Fidelity Nasdaq Composite Index ETF

ONEQ
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Today’s Change
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Snapshot
*

Inception Date
Sep 25, 2003
Expense Ratio
0.21%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$10,883,307
AUM
$4,819,359,830
Associated Index
NASDAQ Composite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
12.79%
MSFT
Microsoft Corporation
11.02%
AMZN
Amazon.com Inc.
6.24%
NVDA
NVIDIA Corp
4.81%
TSLA
Tesla Inc
3.65%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.62%
GOOG
Alphabet Inc - Ordinary Shares - Class C
3.56%
META
Meta Platforms Inc - Ordinary Shares - Class A
3.1%
CF.CCCF
SECURITIES LENDING CF
2.88%
AVGO
Broadcom Inc
1.6%
Invest with ONEQ
Trade ONEQ Options

What is ONEQ?

The investment seeks to provide investment returns that closely corresponds to the price and yield performance of the Nasdaq Composite index. The fund normally invests at least 80% of assets in common stocks included in the index. Advisor uses a sampling technique based on quantitative analytic procedures to create a portfolio of securities listed in the Index that have a similar investment profile to the entire Index.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

ONEQ
Performance Measures**

for the time period Oct 1, 2003 to Dec 4, 2025

Returns

1M Trailing Return: 0.6%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 8.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -55.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 20.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.70

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.24

The annualized return divided by the max drawdown for the selected time period.

ETFs related toONEQ

ETFs correlated to ONEQ include VUG, QQQM, QQQ

ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
VONG
Vanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF
IWY
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toONEQ

V1a Hello Algo World! + Gold/Cash USDU

Category

Tactical asset allocation, Trend-following, Momentum, Macro signals, Multi-asset, Risk-managed, Daily rebalance

OOS Cumulative Return

89.56%

wash sale season

Category

Tactical asset allocation, momentum, mean reversion, trend following, RSI-based, tech and growth tilt, risk-on/risk-off, ETFs

OOS Cumulative Return

17.71%

Create your own algorithmic trading strategy with ONEQ using Composer

FAQ

ONEQ is a US Equities ETF. The investment seeks to provide investment returns that closely corresponds to the price and yield performance of the Nasdaq Composite index. The fund normally invests at least 80% of assets in common stocks included in the index. Advisor uses a sampling technique based on quantitative analytic procedures to create a portfolio of securities listed in the Index that have a similar investment profile to the entire Index.

ONEQ tracks the NASDAQ Composite Index.

No, ONEQ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ONEQ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ONEQ is -0.0118%. This is the percent change in the value of ONEQ over the most recent 1-month period. The 3-month return on ONEQ is -0.0007%. This is the percent change in the value of ONEQ over the most recent 3-month period.

The standard deviation of ONEQ for the past year is 0.2202%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ONEQ include XLI, XLY, and XLV.

ETFs correlated to ONEQ include VUG, QQQM, and QQQ.

ETFs that are inversely correlated to ONEQ include SQQQ, QID, and PSQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.