IBBQ vs ONEQ
Invesco Nasdaq Biotechnology ETF vs Fidelity Nasdaq Composite Index ETF
Which is better, IBBQ or ONEQ?
Each has led over a different period.
IBBQ has a lower expense ratio. IBBQ led over 1Y, ONEQ over 3Y, 5Y and the full window. IBBQ is less concentrated, with 44.4% of the fund in its ten largest positions against 56.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IBBQ | ONEQ |
|---|---|---|
| Expense Ratio | 0.19%Best | 0.21% |
| AUM | $108M | $10.9B |
| Dividend Yield | 1.11% | 0.56% |
| Holdings | 260 | 1,014 |
| YTD Return | +20.66%Best | +15.63% |
| 1Y Return | +35.34%Best | +19.62% |
| 3Y Return (annualized) | +20.91% | +26.25%Best |
| 5Y Return (annualized) | +7.41% | +13.63%Best |
| Volatility (annualized) | 17.3%Best | 19.9% |
| Max Drawdown | -37.9% | -35.2%Best |
| $10,000 over 5 years | $14,296 | $18,944Best |
| Top 10 Weight | 44.4%Best | 56.8% |
| Fund Family | Invesco (US) | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 11, 2021 | Sep 25, 2003 |
Volatility and max drawdown are measured over the window both funds cover: Jun 11, 2021 to Oct 14, 2026 (5.3 years).
IBBQ vs ONEQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.3 years both funds cover.
IBBQ vs ONEQ Performance
Invesco Nasdaq Biotechnology ETF (IBBQ) is an ETF from Invesco (US) and Fidelity Nasdaq Composite Index ETF (ONEQ) is an ETF from Fidelity Investments (US). Over the past year IBBQ returned +35.34% while ONEQ returned +19.62%. Year to date, IBBQ is up 20.66% versus a gain of 15.63% for ONEQ.
Over three years, IBBQ compounded at +20.91% per year against +26.25% for ONEQ; over five years the annualized figures are +7.41% and +13.63% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEQ has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 17.3% for IBBQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.9% for IBBQ and -35.2% for ONEQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IBBQ charges 0.19% per year while ONEQ charges 0.21%. On a $10,000 position that is $19 vs $21 annually, a gap of $2 per year that compounds over a long holding period. On income, IBBQ currently yields 1.11% against 0.56% for ONEQ.
Holdings Overlap
92.5% of IBBQ's money is in holdings ONEQ also owns. 3.5% of ONEQ's money is in holdings IBBQ also owns.
Most of IBBQ is already inside ONEQ. Owning both mostly buys the same companies twice.
146 positions in common, counted across the 252 positions we hold weights for in IBBQ and 1,011 in ONEQ, against full books of 260 and 1,014.
What only one of them owns
Our book lists 656 positions for ONEQ that do not appear in our book for IBBQ (94.2% of the fund), and 90 for IBBQ that do not appear in ONEQ (4.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IBBQ | Weight in ONEQ | Difference |
|---|---|---|---|
| VRTXNvaesrtex Pharmaceuticals Inc | 8.15% | 0.27% | 7.88% |
| AMGNAmgen Inc. | 7.93% | 0.45% | 7.48% |
| GILDGilead Sciences | 7.57% | 0.38% | 7.19% |
| REGNRegeneron Pharmaceuticals, Inc. | 5.43% | 0.16% | 5.27% |
| MRNAModerna therapeutics | 3.86% | 0.16% | 3.70% |
| RVMDRevolution Medicines Inc Ser C Pc Pp | 2.92% | 0.09% | 2.83% |
| ALNYAlnylam Pharmaceuticals Inc. | 2.24% | 0.06% | 2.18% |
| BIIBBiogen Inc. Com | 2.16% | 0.07% | 2.09% |
| ILMNIllumina, Inc. | 2.11% | 0.08% | 2.03% |
| ROIV:BMRoivant Sciences Ltd. Common Shares | 1.98% | 0.05% | 1.93% |
92.5% of IBBQ is already inside ONEQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IBBQ or ONEQ?
IBBQ has an expense ratio of 0.19% while ONEQ charges 0.21%. IBBQ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, IBBQ or ONEQ?
Over the past year IBBQ returned +35.34% vs +19.62% for ONEQ, so IBBQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IBBQ or ONEQ?
ONEQ has been the more volatile fund at 19.9% annualized versus 17.3% for IBBQ. Worst drawdown: IBBQ -37.9% vs ONEQ -35.2%.
Should I hold both IBBQ and ONEQ?
IBBQ and ONEQ have a monthly-return correlation of 0.49, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IBBQ and ONEQ?
92.5% of IBBQ's money is in holdings ONEQ also owns. 3.5% of ONEQ's is in holdings IBBQ also owns. They hold 146 positions in common, counted across the 252 positions we hold weights for in IBBQ and 1,011 in ONEQ.
Which pays a higher dividend, IBBQ or ONEQ?
IBBQ yields 1.11% while ONEQ yields 0.56%, so IBBQ currently pays the higher dividend yield.
Is ONEQ better than IBBQ?
IBBQ has a lower expense ratio. IBBQ led over 1Y, ONEQ over 3Y, 5Y and the full window. IBBQ is less concentrated, with 44.4% of the fund in its ten largest positions against 56.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.