"When investors want broad exposure to the Nasdaq Composite but prefer a lower-cost alternative to niche growth funds, Fidelity Nasdaq Composite Index ETF (NASDAQ:ONEQ) delivers exactly that: a passive, diversified bet on technology-driven growth. With 500+ holdings spanning the full Nasdaq, ONEQ captures everything from semiconductor giants to emerging fintech platforms. The question for investors is whether this breadth adds value or simply dilutes returns compared to more concentrated alternatives."
"ONEQ serves one clear purpose: capturing the full Nasdaq Composite's growth trajectory without the concentration risk of mega-cap-only funds. Unlike Invesco QQQ Trust (NASDAQ:QQQ), which tracks only the 100 largest non-financial Nasdaq companies, ONEQ includes mid-caps, small-caps, and emerging growth names. ONEQ's portfolio concentrates 30.5% in three mega-cap leaders - NVIDIA (NASDAQ:NVDA), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT) - while maintaining exposure to emerging growth stories like Palantir (NASDAQ:PLTR) and Shopify (NASDAQ:SHOP)."
ONEQ provides passive, diversified exposure to the full Nasdaq Composite through 500+ holdings that span large, mid, and small-cap companies. The fund concentrates roughly 30.5% of its assets in three mega-cap names—NVIDIA, Apple, and Microsoft—while retaining stakes in emerging growth companies such as Palantir and Shopify. ONEQ maintains cost efficiency with a 0.21% expense ratio and low turnover, supporting tax efficiency and preserving returns. Income is minimal, with a 0.36% dividend yield. The fund captured long-term Nasdaq gains driven by cloud computing, AI infrastructure, and digital transformation, offering broad-market participation versus concentrated alternatives.
Read at 24/7 Wall St.
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