ONEQ vs SPYV: Grades, Fees and Holdings Compared

Fidelity Nasdaq Composite Index ETF

ONEQBNasdaq

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Overlap

29.7%by weight

Expense ratio

SPYV −0.17pt a year

ONEQ0.21%SPYV0.04%

Avg volume · 30D

SPYV 7.9×the volume

ONEQ291KSPYV2.29M

10Y return · a year

ONEQ +6.0pt

ONEQ+18.1%SPYV+12.1%

ONEQ vs SPYV Performance

Nov 9, 2021 – Nov 9, 2026

+66.8%ONEQ+71.8%SPYV

Expense ratio: ONEQ 0.21%; SPYV 0.04%, better
Fund size: ONEQ $10.5B; SPYV $37.9B
1Y total return: ONEQ +10.7%; SPYV +17.6%, better
Yield (12M): ONEQ 0.52%; SPYV 1.64%, better
Holdings: ONEQ 1012; SPYV 436
Avg volume (30D): ONEQ 291K sh; SPYV 2.29M sh, better
NAV per share: ONEQ $99.53; SPYV $63.09
52W range

ETF.net Grade

Pillar letters and Scores for ONEQ, SPYV, with each pillar’s weight
Pillar	ONEQ	SPYV
Cost30% weight	B56	A98Higher
Mission25% weight	A100Higher	A87
Risk15% weight	D25	A84Higher
Tradability15% weight	A89	A97Higher
Holdings10% weight	D26	A72Higher
Durability5% weight	A82	A86Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. ONEQ and SPYV are both graded against the same 41 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 41 funds

See all 41 ›

SPYV ranks 1st and ONEQ 16th of 41 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 14BXJRiShares ESG Select Screened S&P Small-Cap ETFScore 66
Rank 16BONEQFidelity Nasdaq Composite Index ETFScore 65
Rank 16BPRFZInvesco RAFI US 1500 Small-Mid ETFScore 65

Our read on each fund

ETF.net Research

ONEQBFidelity Nasdaq Composite Index ETF

SPYVAState Street SPDR Portfolio S&P 500 Value ETF

In short

ONEQ Most "Nasdaq" funds mean the 100 biggest names. This one goes for the whole exchange: roughly a thousand Nasdaq-listed stocks, giants down through small caps, in a single wrapper Fidelity has run since 2003.

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

Stated mandate

ONEQ The fund seeks to closely match the price and yield performance of the Nasdaq Composite Index. It uses statistical sampling and normally invests at least 80% of assets in securities included in that index.

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

Why people hold it

ONEQ The Composite reaches far past the famous 100, covering essentially every Nasdaq-listed company, so you get the mid- and small-cap Nasdaq names that top-100 funds skip.nasdaq.com
0.21% a year is well under half the typical fee among the broad index funds we grade, and it buys roughly a thousand stocks.
Fidelity samples the index instead of buying every line, and returns have hugged the Composite tightly: one of the closer tracking records in its peer group.
Trading since 2003, now a multi-billion-dollar fund, with distributions paid quarterly.

SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

Worth knowing

ONEQ Breadth here is count, not balance. The Nasdaq's largest companies carry most of the weight, so it acts more like a mega-cap tech fund than a thousand-name list suggests.
Nasdaq listings only, so NYSE-listed bank, energy and industrial giants are never eligible. A big slice of the US market, not the whole of it.nasdaq.com
Cheap for its cohort, not the floor: broad index rivals like SCHK (0.03%) and VT (0.06%) charge a fraction of the fee for different exposures.

SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
Distributions land quarterly, not monthly.

Full ONEQ profile⁠

Full SPYV profile⁠

ONEQ vs SPYV Holdings

How ONEQ and SPYV differ

Overlap by weight

29.7%

Shared holdings make up 40.0% of ONEQ and 34.5% of SPYV.

Level by level

Holdings115 in both29.7%
Sector11 Sectors50.9%
Countryby domicile97.5%
Asset classStocks100%

Sector

Sector weights in ONEQ and SPYV, widest gap first
Sector	Gap	ONEQ	SPYV
Technology	ONEQ +35.0 points	53.8%	18.8%
Financials	SPYV +12.6 points	3.1%	15.7%
Communication	ONEQ +12.0 points	14.7%	2.7%
Health Care	SPYV +8.1 points	5.7%	13.8%
Industrials	SPYV +7.8 points	3.1%	10.9%
Energy	SPYV +7.0 points	0.5%	7.5%
Consumer Staples	SPYV +4.9 points	4.7%	9.6%
Utilities	SPYV +3.4 points	0.8%	4.2%
Real Estate	SPYV +2.7 points	0.5%	3.2%
Materials	SPYV +2.6 points	0.8%	3.4%
Consumer Discretionary	ONEQ +2.1 points	12.2%	10.1%

Country, concentration and asset class

Country by domicile

Country weights in ONEQ and SPYV, widest gap first
Country	Gap	ONEQ	SPYV
United States	SPYV +1.9 points	97.3%	99.2%
Canada	ONEQ +0.7 points	0.7%	0.0%
Switzerland	SPYV +0.5 points	0.1%	0.6%
Other countries (24)	ONEQ +1.8 points	2.0%	0.2%

Concentration

Weight in the 10 largest Holdings

ONEQ57.1%
SPYV24.4%

Securities held

ONEQ1,008
SPYV434

Asset class

ONEQ: Stocks
SPYV: Stocks

Holdings

Only in ONEQ893
In both115
Only in SPYV319

Only in ONEQ

893 securities, 61.4% of ONEQ by weight

NVIDIA Corp10.39%
Microsoft Corp9.11%
Alphabet Inc Class A3.86%
Alphabet Inc Class C3.63%
Broadcom Inc3.23%
Meta Platforms Inc Class A3.11%
Space Exploration Tech Corp A2.54%
Micron Technology Inc1.80%
Advanced Micro Devices Inc1.69%
Securities Lending Cf1.69%
Palantir Technologies Inc0.85%
Netflix Inc0.61%
Applied Materials Inc0.61%
Lam Research Corp0.58%
Linde PLC0.54%
Crowdstrike Holdings Inc0.51%
Kla Corp0.42%
Shopify Inc Class A (Us)0.42%
Intuitive Surgical Inc0.37%
Asml Hldg NV (Ny Reg Shs) New0.31%
Sandisk Corporation0.28%
The Booking Holdings Inc0.28%
Applovin Corp0.28%
Marriott International Inc A0.25%
Monster Beverage Corp0.20%
Hilton Worldwide Holdings Inc0.19%
Mercadolibre Inc0.18%
O'reilly Automotive Inc0.17%
Doordash Inc0.17%
Robinhood Markets Inc0.15%
Nxp Semiconductors NV0.14%
Datadog Inc Class A0.14%
Monolithic Power Sys Inc0.13%
Pdd Holdings Inc Adr0.13%
Coca-Cola Europacific Partners0.13%
Idexx Labs Inc0.12%
Strategy Inc Class A0.12%
Thomson Reuters Corp0.12%
Lumentum Holdings Inc0.11%
Natera Inc0.10%
Ferrovial NV0.10%
Revolution Medicines Inc0.10%
Medline Inc0.08%
Fiserv Inc0.08%
Interactive Brokers Group Inc0.08%
Astera Labs Inc0.08%
Elbit Systems Ltd (Nasdaq)0.08%
Zscaler Inc0.07%
Rocket Lab Corp0.07%
Willis Towers Watson PLC0.07%

Only in SPYV

319 securities, 65.5% of SPYV by weight

Exxonmobil Holdings Corp2.28%
Chevron Corp1.40%
Procter & Gamble Co/The1.28%
Merck & Co. Inc.1.21%
UnitedHealth Group Inc1.18%
Home Depot Inc1.14%
Visa Inc Class A Shares1.08%
Bank of America Corp1.07%
JPMorgan Chase & Co0.95%
AbbVie Inc0.93%
Johnson & Johnson0.91%
Thermo Fisher Scientific Inc0.86%
Wells Fargo & Co0.85%
Linde PLC0.79%
Coca Cola Co/The0.72%
Walt Disney Co/The0.67%
Citigroup Inc0.67%
Abbott Laboratories0.64%
Verizon Communications Inc0.63%
Nextera Energy Inc0.61%
Salesforce Inc0.58%
Mastercard Inc A0.58%
Union Pacific Corp0.58%
BlackRock Inc0.57%
Deere & Co0.56%
Pfizer Inc0.56%
Conocophillips0.55%
General Electric0.54%
Accenture PLC Class A0.53%
Schwab (Charles) Corp0.50%
At+t Inc0.50%
Danaher Corp0.48%
Philip Morris International0.45%
Eaton Corp PLC0.44%
Chubb Ltd0.43%
Altria Group Inc0.42%
Bristol Myers Squibb Co0.42%
Lowe’s Cos Inc0.42%
Medtronic PLC0.42%
Capital One Financial Corp0.41%
Mckesson Corp0.41%
Prologis Inc0.40%
Lockheed Martin Corp0.38%
Intl Business Machines Corp0.37%
McDonald’s Corp0.37%
Oracle Corp0.37%
Cvs Health Corp0.36%
Southern Co/The0.35%
Marathon Petroleum Corp0.35%
Valero Energy Corp0.33%

Weight gaps

The 100 widest of 115 Holdings in both funds.

Holding weights in ONEQ and SPYV, widest gap first
Holding	Gap	ONEQ	SPYV
Apple IncAAPL	ONEQ +3.20 points	11.55%	8.35%
Amazon.com IncAMZN	ONEQ +2.46 points	6.46%	4.00%
Tesla IncTSLA	ONEQ +1.99 points	3.27%	1.28%
Costco Wholesale CorpCOST	SPYV +0.48 points	1.08%	1.56%
Walmart IncWMT	ONEQ +0.43 points	2.30%	1.87%
Amgen IncAMGN	ONEQ +0.30 points	0.57%	0.27%
Cisco Systems IncCSCO	ONEQ +0.27 points	0.85%	0.58%
Texas Instruments IncTXN	SPYV +0.27 points	0.58%	0.85%
Intel CorpINTC	SPYV +0.25 points	0.68%	0.93%
Palo Alto Networks IncPANW	ONEQ +0.21 points	0.59%	0.38%
Pepsico IncPEP	SPYV +0.20 points	0.44%	0.64%
Qualcomm IncQCOM	SPYV +0.19 points	0.40%	0.59%
Analog Devices IncADI	SPYV +0.19 points	0.40%	0.59%
Gilead Sciences IncGILD	ONEQ +0.16 points	0.48%	0.32%
Vertex Pharmaceuticals IncVRTX	SPYV +0.14 points	0.32%	0.46%
Kimberly Clark CorpKMB	SPYV +0.14 points	0.08%	0.22%
T-Mobile Us IncTMUS	ONEQ +0.14 points	0.40%	0.26%
Automatic Data Processing IncADP	SPYV +0.13 points	0.27%	0.40%
Starbucks CorpSBUX	SPYV +0.13 points	0.27%	0.40%
Constellation Energy CorpCEG	ONEQ +0.12 points	0.21%	0.09%
Seagate Techn Holdings PLCSTX	ONEQ +0.11 points	0.24%	0.13%
Fortinet IncFTNT	ONEQ +0.11 points	0.20%	0.09%
Equinix IncEQIX	SPYV +0.10 points	0.23%	0.33%
Adobe IncADBE	SPYV +0.10 points	0.22%	0.32%
Western Digital CorpWDC	SPYV +0.10 points	0.22%	0.32%
Csx CorpCSX	SPYV +0.09 points	0.21%	0.30%
Cadence Design Systems IncCDNS	ONEQ +0.09 points	0.20%	0.11%
Cme Group Inc Class ACME	ONEQ +0.09 points	0.25%	0.16%
Comcast Corp Class ACMCSA	SPYV +0.09 points	0.20%	0.29%
Synopsys IncSNPS	SPYV +0.09 points	0.20%	0.29%
Mondelez International IncMDLZ	SPYV +0.09 points	0.19%	0.28%
Regeneron Pharmaceuticals IncREGN	SPYV +0.09 points	0.21%	0.30%
Ebay IncEBAY	ONEQ +0.09 points	0.13%	0.04%
Moderna IncMRNA	SPYV +0.09 points	0.23%	0.32%
Intuit IncINTU	ONEQ +0.07 points	0.21%	0.14%
American Electric Power Co IncAEP	SPYV +0.07 points	0.15%	0.23%
Honeywell Intl IncHON	SPYV +0.07 points	0.16%	0.23%
Marvell Technology IncMRVL	ONEQ +0.07 points	0.29%	0.22%
Fastenal CoFAST	SPYV +0.06 points	0.14%	0.20%
Paccar IncPCAR	SPYV +0.06 points	0.12%	0.18%
Xcel Energy IncXEL	SPYV +0.06 points	0.11%	0.17%
Cintas CorpCTAS	SPYV +0.06 points	0.20%	0.26%
PayPal Hldgs IncPYPL	SPYV +0.05 points	0.12%	0.17%
Exelon CorpEXC	SPYV +0.06 points	0.10%	0.16%
Roper Technologies IncROP	SPYV +0.05 points	0.11%	0.16%
Baker Hughes CoBKR	SPYV +0.05 points	0.11%	0.16%
Keurig Dr Pepper IncKDP	SPYV +0.05 points	0.12%	0.17%
Honeywell Aerospace IncHONA	SPYV +0.05 points	0.11%	0.16%
Autodesk IncADSK	ONEQ +0.04 points	0.12%	0.08%
United Airlines Holdings IncUAL	SPYV +0.04 points	0.08%	0.12%
Arch Capital Group LtdACGL	SPYV +0.04 points	0.08%	0.12%
Ross Stores IncROST	ONEQ +0.04 points	0.17%	0.13%
Airbnb Inc Class AABNB	ONEQ +0.04 points	0.18%	0.14%
Biogen IncBIIB	SPYV +0.03 points	0.09%	0.12%
Ge Healthcare Technologies IncGEHC	SPYV +0.03 points	0.09%	0.12%
Northern Trust CorpNTRS	SPYV +0.04 points	0.07%	0.11%
Huntington Bancshares IncHBAN	SPYV +0.03 points	0.07%	0.10%
Netapp IncNTAP	SPYV +0.03 points	0.08%	0.11%
Microchip TechnologyMCHP	SPYV +0.04 points	0.07%	0.11%
Paychex IncPAYX	SPYV +0.04 points	0.09%	0.13%
Take-Two Interactv Softwr IncTTWO	ONEQ +0.03 points	0.09%	0.06%
Cognizant Tech Solutions Class ACTSH	SPYV +0.03 points	0.07%	0.10%
Axon Enterprise IncAXON	ONEQ +0.03 points	0.06%	0.03%
Coinbase Global IncCOIN	SPYV +0.03 points	0.07%	0.10%
Teradyne IncTER	ONEQ +0.03 points	0.08%	0.05%
Price (T Rowe)group IncTROW	SPYV +0.03 points	0.05%	0.08%
Steel Dynamics IncSTLD	SPYV +0.03 points	0.07%	0.10%
Dollar Tree IncDLTR	SPYV +0.02 points	0.06%	0.08%
Evergy IncEVRG	SPYV +0.03 points	0.04%	0.07%
On Semiconductor CorpON	SPYV +0.02 points	0.06%	0.08%
Cincinnati Financial CorpCINF	ONEQ +0.02 points	0.06%	0.04%
Alliant Energy CorporationLNT	SPYV +0.02 points	0.04%	0.06%
Old Dominion Freight Lines IncODFL	SPYV +0.02 points	0.08%	0.10%
Ptc IncPTC	SPYV +0.02 points	0.05%	0.07%
Illumina IncILMN	ONEQ +0.02 points	0.07%	0.05%
Viatris IncVTRS	SPYV +0.03 points	0.05%	0.08%
Copart IncCPRT	SPYV +0.02 points	0.07%	0.09%
Sba Communications CorpSBAC	SPYV +0.02 points	0.05%	0.07%
Expand Energy CorpEXE	SPYV +0.03 points	0.04%	0.07%
Nasdaq IncNDAQ	SPYV +0.02 points	0.14%	0.16%
Dexcom IncDXCM	ONEQ +0.02 points	0.07%	0.05%
Principal Finl Group IncPFG	SPYV +0.02 points	0.05%	0.07%
Host Hotels & Resorts IncHST	SPYV +0.02 points	0.04%	0.06%
Hasbro IncHAS	SPYV +0.02 points	0.04%	0.06%
Verisk Analytics IncVRSK	ONEQ +0.02 points	0.06%	0.04%
F5 IncFFIV	SPYV +0.02 points	0.04%	0.06%
Cdw CorporationCDW	SPYV +0.02 points	0.05%	0.07%
Fox Corporation BFOX	ONEQ +0.02 points	0.03%	<0.01%
Nordson CorpNDSN	SPYV +0.01 points	0.04%	0.05%
Tractor Supply Co.TSCO	SPYV +0.01 points	0.05%	0.06%
Henry (Jack) & Associates IncJKHY	SPYV +0.02 points	0.02%	0.04%
Ch Robinson Worldwide IncCHRW	SPYV +0.02 points	0.03%	0.05%
Zebra Technologies Corp Class AZBRA	SPYV +0.01 points	0.04%	0.05%
Bio Techne CorpTECH	SPYV +0.02 points	0.02%	0.04%
Workday Inc Class AWDAY	ONEQ +0.02 points	0.09%	0.07%
Apa CorpAPA	SPYV +0.01 points	0.04%	0.05%
Skyworks Solutions IncSWKS	SPYV +0.01 points	0.05%	0.06%
Cooper Companies IncCOO	SPYV +0.01 points	0.03%	0.04%
Gen Digital IncGEN	SPYV +0.01 points	0.04%	0.05%
Regency Centers Corp ReitREG	SPYV +0.01 points	0.03%	0.04%

All 1,046 ONEQ holdings⁠All 434 SPYV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ONEQ vs SPYV Cost

Overpaying ONEQ vs SPYV

$3,508

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ONEQ 0.21%
$4,357
SPYV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

ONEQ 0.21%
SPYV 0.04%
Overpaying

Year by year

Year	ONEQ	SPYV	Overpaying
10	$383	$73	$310
20	$1,491	$288	$1,203
30	$4,357	$849	$3,508

Expense ratio

0.21%ONEQ
0.04%SPYV, cheaper

SPYV0.04%ONEQ0.21%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SPYV 2nd cheapest of 41 funds

ONEQ 19th cheapest of 41 funds

ONEQ vs SPYV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): ONEQ 0.52%; SPYV 1.64%, better
Payout (12M): ONEQ $0.51; SPYV $1.06
Last payment: ONEQ $0.11; SPYV $0.27
Ex-dividend: ONEQ Sep 18, 2026; SPYV Sep 21, 2026
Paid on: ONEQ Sep 22, 2026; SPYV Sep 23, 2026
Frequency: ONEQ Quarterly; SPYV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ONEQQuarterly · 40 paymentsAll ONEQ payments⁠

SPYVQuarterly · 39 paymentsAll SPYV payments⁠

ONEQ vs SPYV Risk

Fall from peak · 5 years

ONEQ
SPYV

Risk facts

VolatilityStd dev, 3 years: ONEQ 17.5%SPYV 11.7%, better
Return per unit of riskSharpe ratio, 3 years: ONEQ 1.18, betterSPYV 1.17
Worst fallMax drawdown, 5 years: ONEQ −35.2%SPYV −17.9%, better
Market sensitivityBeta, 5 years: ONEQ 1.23SPYV 0.83; Market = 1

ONEQ and SPYV in the news

All news⁠

Best ETFs
Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value
Updated Nov 3, 2026SPYV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026SPYV

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ONEQ vs SPYV

In short

Stated mandate

Why people hold it

Worth knowing

How ONEQ and SPYV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ONEQ

Only in SPYV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value

The best value ETF depends on whose list you bought

How ONEQ and SPYV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ONEQ

Only in SPYV

Weight gaps