ONEQ vs VOO
Fidelity Nasdaq Composite Index ETF vs Vanguard S&P 500 ETF
Which is better, ONEQ or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. ONEQ led over 1Y, 3Y and the full window, VOO over 5Y. The two have moved almost in lockstep, correlation 0.94. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 53.4%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.21% | 0.03%Best |
| AUM | $10.4B | $997.4B |
| Dividend Yield | 0.62% | 1.08% |
| Holdings | 1,034 | 509 |
| YTD Return | +14.27%Best | +12.74% |
| 1Y Return | +21.94%Best | +19.43% |
| 3Y Return (annualized) | +24.71%Best | +21.18% |
| 5Y Return (annualized) | +12.67% | +12.76%Best |
| Volatility (annualized) | 17.1% | 14.1%Best |
| Max Drawdown | -35.2% | -34.3%Best |
| $10,000 over 5 years | $18,157 | $18,230Best |
| Top 10 Weight | 53.4% | 36.4%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Sep 25, 2003 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 8, 2026 (16 years).
ONEQ vs VOO 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 16 years both funds cover.
ONEQ vs VOO Performance
Fidelity Nasdaq Composite Index ETF (ONEQ) is an ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year ONEQ returned +21.94% while VOO returned +19.43%. Year to date, ONEQ is up 14.27% versus a gain of 12.74% for VOO.
Over three years, ONEQ compounded at +24.71% per year against +21.18% for VOO; over five years the annualized figures are +12.67% and +12.76% respectively. Across the full 16-year window we track, ONEQ has the edge at +16.95% annualized vs +13.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEQ has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 14.1% for VOO. 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 -35.2% for ONEQ and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
ONEQ charges 0.21% per year while VOO charges 0.03%. On a $10,000 position that is $21 vs $3 annually, a gap of $18 per year that compounds over a long holding period. On income, ONEQ currently yields 0.62% against 1.08% for VOO.
Holdings Overlap
84.0% of ONEQ's money is in holdings VOO also owns. 57.3% of VOO's money is in holdings ONEQ also owns.
Most of ONEQ is already inside VOO. Owning both mostly buys the same companies twice.
151 positions in common, counted across the 731 positions we hold weights for in ONEQ and 504 in VOO, against full books of 1,034 and 509.
What only one of them owns
Our book lists 346 positions for VOO that do not appear in our book for ONEQ (42.1% of the fund), and 377 for ONEQ that do not appear in VOO (13.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ONEQ | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 10.62% | 7.51% | 3.11% |
| AAPLApple Inc Ord | 9.32% | 6.59% | 2.73% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.08% | 4.30% | 1.78% |
| AMZNAmazon.Com Inc | 5.62% | 3.62% | 2.00% |
| GOOGL Alphabet Inc. Class A | 4.56% | 3.25% | 1.31% |
| GOOGAlphabet, Inc., Class C | 4.23% | 2.59% | 1.64% |
| AVGOBroadcom Inc | 3.92% | 2.77% | 1.15% |
| TSLATesla Motors Inc | 3.46% | 1.84% | 1.62% |
| MUMicron Technology, Inc. | 2.86% | 2.02% | 0.84% |
| METAMeta Platform Inc | 2.71% | 1.92% | 0.79% |
84.0% of ONEQ is already inside VOO.
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 VOO?
ONEQ has an expense ratio of 0.21% while VOO charges 0.03%. VOO is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, ONEQ or VOO?
Over the past year ONEQ returned +21.94% vs +19.43% for VOO, so ONEQ leads on 1-year performance. Over the longest common window we track (16 years), ONEQ annualized +16.95% vs +13.43% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ONEQ or VOO?
ONEQ has been the more volatile fund at 17.1% annualized versus 14.1% for VOO. Worst drawdown: ONEQ -35.2% vs VOO -34.3%.
Should I hold both ONEQ and VOO?
ONEQ and VOO have a monthly-return correlation of 0.94, 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 VOO?
84.0% of ONEQ's money is in holdings VOO also owns. 57.3% of VOO's is in holdings ONEQ also owns. They hold 151 positions in common, counted across the 731 positions we hold weights for in ONEQ and 504 in VOO.
Which pays a higher dividend, ONEQ or VOO?
ONEQ yields 0.62% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
Is VOO better than ONEQ?
VOO has a lower expense ratio. ONEQ led over 1Y, 3Y and the full window, VOO over 5Y. The two have moved almost in lockstep, correlation 0.94. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 53.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.