ONEQ vs QBIG
Fidelity Nasdaq Composite Index ETF vs Invesco Top QQQ ETF
Which is better, ONEQ or QBIG?
Each has led over a different period.
ONEQ has a lower expense ratio. ONEQ led over 1Y, QBIG over the full window. The two have moved almost in lockstep, correlation 0.93.
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 | ONEQ | QBIG |
|---|---|---|
| Expense Ratio | 0.21%Best | 0.29% |
| AUM | $10.9B | $34M |
| Dividend Yield | 0.56% | 0.00% |
| Holdings | 1,014 | 17 |
| YTD Return | +15.63%Best | +10.40% |
| 1Y Return | +18.66%Best | +12.33% |
| 3Y Return (annualized) | +26.22% | - |
| 5Y Return (annualized) | +13.49% | - |
| Volatility (annualized) | 18.8%Best | 23.6% |
| Max Drawdown | -24.1%Best | -30.3% |
| $10,000 over 1.9 years | $13,771 | $13,830Best |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 25, 2003 | Dec 4, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 4, 2024 to Oct 15, 2026 (1.9 years).
ONEQ vs QBIG 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 1.9 years both funds cover.
ONEQ vs QBIG Performance
Fidelity Nasdaq Composite Index ETF (ONEQ) is an ETF from Fidelity Investments (US) and Invesco Top QQQ ETF (QBIG) is an ETF from Invesco (US). Over the past year ONEQ returned +18.66% while QBIG returned +12.33%. Year to date, ONEQ is up 15.63% versus a gain of 10.40% for QBIG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QBIG has been the more volatile fund, with annualized monthly volatility of 23.6% compared with 18.8% for ONEQ. 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 -24.1% for ONEQ and -30.3% for QBIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ONEQ charges 0.21% per year while QBIG charges 0.29%. On a $10,000 position that is $21 vs $29 annually, a gap of $8 per year that compounds over a long holding period. On income, ONEQ currently yields 0.56% against 0.00% for QBIG.
Holdings Overlap
At least 50.7% of ONEQ's money is in holdings QBIG also owns.
Stated as a floor: for QBIG, our book for it covers 87.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
8 positions in common, counted across the 1,011 positions we hold weights for in ONEQ and 9 in QBIG, against full books of 1,014 and 17.
Top Shared Holdings
50.7% of ONEQ is already inside QBIG.
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, ONEQ or QBIG?
ONEQ has an expense ratio of 0.21% while QBIG charges 0.29%. ONEQ is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, ONEQ or QBIG?
Over the past year ONEQ returned +18.66% vs +12.33% for QBIG, so ONEQ leads on 1-year performance. Over the longest common window we track (2 years), ONEQ annualized +18.34% vs +18.61% for QBIG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ONEQ or QBIG?
QBIG has been the more volatile fund at 23.6% annualized versus 18.8% for ONEQ. Worst drawdown: ONEQ -24.1% vs QBIG -30.3%.
Should I hold both ONEQ and QBIG?
ONEQ and QBIG have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ONEQ and QBIG?
At least 50.7% of ONEQ's money is in holdings QBIG also owns. Our book for QBIG is partial, so the real figure is this or higher. They hold 8 positions in common, counted across the 1,011 positions we hold weights for in ONEQ and 9 in QBIG.
Which pays a higher dividend, ONEQ or QBIG?
ONEQ yields 0.56% while QBIG yields 0.00%, so ONEQ currently pays the higher dividend yield.
Is QBIG better than ONEQ?
ONEQ has a lower expense ratio. ONEQ led over 1Y, QBIG over the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.