ONEQ - ETF AI Analysis
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Fidelity Nasdaq Composite Index ETF (ONEQ)
Rating:72Outperform
Price Target:―
Positive Factors
Strong Overall Year-to-Date Performance
The fund has delivered strong gains so far this year, showing solid momentum for investors.
Leading Growth Companies in Top Holdings
Several of the largest positions, including major technology and chip makers, have shown strong performance, helping drive the ETF’s returns.
Broad Sector Spread Within Growth Areas
While technology is the largest slice, the fund also holds communication services, consumer, health care, and other sectors, adding some diversification within growth-focused areas.
Negative Factors
Heavy Concentration in a Few Mega-Cap Stocks
A small number of large technology-related companies make up a big share of the portfolio, increasing the impact if any of them stumble.
High Dependence on the U.S. Market
Almost all of the ETF’s assets are invested in U.S. companies, offering very limited geographic diversification.
Mixed Performance Among Top Holdings
Some major positions have recently shown weak or negative performance, which can offset gains from stronger names and add volatility.
ONEQ vs. SPDR S&P 500 ETF (SPY)
AUM10.25B
RegionNorth America
Expense Ratio0.21%
Beta1.30
IssuerFidelity
Inception DateSep 25, 2003
Dividend Yield0.54%
Asset ClassEquity
Index TrackedNASDAQ Composite Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume316,696
30 Day Avg. Volume381,602
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
129.25Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering1002
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ONEQ Summary
ONEQ is an ETF that follows the Nasdaq Composite Index, giving you exposure to thousands of companies listed on the Nasdaq, with a strong focus on U.S. stocks. It holds many well-known names like Apple and Nvidia, along with other major tech, consumer, and healthcare companies, so you get broad diversification in one investment. Someone might invest in ONEQ to tap into the long-term growth potential of innovative businesses without having to pick individual stocks. However, because it is heavily tilted toward technology and growth companies, its price can move up and down sharply with changes in the stock market and tech sector.
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 muscle. Apple and Nvidia are doing the heavy lifting, with both stocks rising and giving the fund a strong tailwind from the U.S. mega-cap tech space. Broadcom and Micron add more semiconductor punch, with Micron especially surging lately. On the flip side, Microsoft has been more mixed, while Tesla is clearly dragging the fund, losing steam after a weaker stretch. With most of its weight in U.S.-listed technology and communication names, this ETF is firmly hitched to the Nasdaq’s growth engine.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Apple | 11.14% | $1.14B | $4.90T | 52.64% | 79 Outperform | |
| Nvidia | 10.73% | $1.10B | $4.72T | 15.56% | 76 Outperform | |
| Microsoft | 7.62% | $780.98M | $3.35T | -11.33% | 79 Outperform | |
| Amazon | 5.76% | $590.41M | $2.53T | 26.46% | 71 Outperform | |
| Alphabet Class A | 4.42% | $452.89M | $4.08T | 88.30% | 85 Outperform | |
| Broadcom | 4.18% | $428.14M | $1.85T | 34.87% | 76 Outperform | |
| Alphabet Class C | 4.14% | $424.31M | $4.08T | 87.76% | 82 Outperform | |
| Meta Platforms | 2.69% | $275.54M | $1.37T | -25.77% | 76 Outperform | |
| Tesla | 2.64% | $270.06M | $1.22T | 2.84% | 73 Outperform | |
| Micron | 2.25% | $230.08M | $987.83B | 684.73% | 79 Outperform |
ONEQ Technical Analysis
Positive
―
Price Trends
102.13
Negative
97.65
Positive
94.25
Positive
Market Momentum
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 100.80, equal to the 50-day MA of 102.13, and equal to the 200-day MA of 94.25, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, 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
100.03
17.75
21.57%
BBUS
JP Morgan Betabuilders U.S. Equity ETF
―
―
―
AKRE
Akre Focus ETF
―
―
―
DSI
iShares MSCI KLD 400 Social ETF
―
―
―
QLTY
GMO U.S. Quality 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.
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: ―
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