ONEQ vs SCHD
Fidelity Nasdaq Composite Index ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. ONEQ offers more diversification with 700 holdings.
Side-by-Side Comparison
| Metric | ONEQ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.21% | 0.06% | |
| AUM | $10.7B | $103.7B | |
| Dividend Yield | 0.60% | 3.31% | |
| Holdings | 898 | 104 | |
| YTD Return | +15.01% | +25.33% | |
| 1Y Return | +25.18% | +32.31% | |
| 3Y Return (annualized) | +25.86% | +15.40% | |
| 5Y Return (annualized) | +13.59% | +9.70% | |
| Volatility (annualized) | 17.9% | 13.6% | |
| Max Drawdown | -55.5% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2003 | Oct 20, 2011 |
ONEQ vs SCHD Performance
Fidelity Nasdaq Composite Index ETF (ONEQ) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ONEQ returned +25.18% while SCHD returned +32.31%. Year to date, ONEQ is up 15.01% versus a gain of 25.33% for SCHD.
Over three years, ONEQ compounded at +25.86% per year against +15.40% for SCHD; over five years the annualized figures are +13.59% and +9.70% respectively. Across the full 15-year window we track, ONEQ has the edge at +12.54% annualized vs +11.45%. 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 13.6% for SCHD. 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 -55.5% for ONEQ and -33.4% for SCHD. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ONEQ charges 0.21% per year while SCHD charges 0.06%. On a $10,000 position that is $21 vs $6 annually, a gap of $15 per year that compounds over a long holding period. On income, ONEQ currently yields 0.60% against 3.31% for SCHD.
Holdings Overlap
ONEQ and SCHD share 25 holdings out of 775 unique holdings combined, representing a 3.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ONEQ or SCHD?
ONEQ has an expense ratio of 0.21% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, ONEQ or SCHD?
Over the past year ONEQ returned +25.18% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), ONEQ annualized +12.54% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, ONEQ or SCHD?
ONEQ has been the more volatile fund at 17.9% annualized versus 13.6% for SCHD. Worst drawdown: ONEQ -55.5% vs SCHD -33.4%.
Should I hold both ONEQ and SCHD?
ONEQ and SCHD have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ONEQ and SCHD?
ONEQ and SCHD share 25 common holdings with a 3.2% weight overlap. Combined, they hold 775 unique securities.
Which pays a higher dividend, ONEQ or SCHD?
ONEQ yields 0.60% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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