IVV vs ONEQ
iShares Core S&P 500 ETF vs Fidelity Nasdaq Composite Index ETF
Quick Verdict
IVV has a lower expense ratio. ONEQ delivered stronger 1-year returns. ONEQ offers more diversification with 700 holdings.
Side-by-Side Comparison
| Metric | IVV | ONEQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.21% | |
| AUM | $865.2B | $10.7B | |
| Dividend Yield | 1.09% | 0.60% | |
| Holdings | 508 | 898 | |
| YTD Return | +13.72% | +14.92% | |
| 1Y Return | +21.64% | +23.42% | |
| 3Y Return (annualized) | +21.55% | +25.44% | |
| 5Y Return (annualized) | +13.27% | +13.53% | |
| Volatility (annualized) | 15.1% | 17.9% | |
| Max Drawdown | -56.5% | -55.5% | |
| Fund Family | iShares by BlackRock (US) | Fidelity Investments (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 25, 2003 |
IVV vs ONEQ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Fidelity Nasdaq Composite Index ETF (ONEQ) is a ETF from Fidelity Investments (US). Over the past year IVV returned +21.64% while ONEQ returned +23.42%. Year to date, IVV is up 13.72% versus a gain of 14.92% for ONEQ.
Over three years, IVV compounded at +21.55% per year against +25.44% for ONEQ; over five years the annualized figures are +13.27% and +13.53% respectively. Across the full 23-year window we track, ONEQ has the edge at +12.53% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEQ has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 15.1% for IVV. 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 -56.5% for IVV and -55.5% for ONEQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while ONEQ charges 0.21%. On a $10,000 position that is $3 vs $21 annually, a gap of $18 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.60% for ONEQ.
Holdings Overlap
IVV and ONEQ share 151 holdings out of 1054 unique holdings combined, representing a 54.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or ONEQ?
IVV has an expense ratio of 0.03% while ONEQ charges 0.21%. IVV is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, IVV or ONEQ?
Over the past year IVV returned +21.64% vs +23.42% for ONEQ, so ONEQ leads on 1-year performance. Over the longest common window we track (23 years), IVV annualized +7.04% vs +12.53% for ONEQ. Past performance does not guarantee future results.
Which is riskier, IVV or ONEQ?
ONEQ has been the more volatile fund at 17.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs ONEQ -55.5%.
Should I hold both IVV and ONEQ?
IVV and ONEQ have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and ONEQ?
IVV and ONEQ share 151 common holdings with a 54.3% weight overlap. Combined, they hold 1054 unique securities.
Which pays a higher dividend, IVV or ONEQ?
IVV yields 1.09% while ONEQ yields 0.60%, so IVV currently pays the higher dividend yield.
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