ONEQ vs VXUS
Fidelity Nasdaq Composite Index ETF vs Vanguard Total International Stock ETF
Quick Verdict
VXUS has a lower expense ratio. VXUS delivered stronger 1-year returns. VXUS offers more diversification with 8,747 holdings.
Side-by-Side Comparison
| Metric | ONEQ | VXUS | Winner |
|---|---|---|---|
| Expense Ratio | 0.21% | 0.05% | |
| AUM | $10.4B | $158.1B | |
| Dividend Yield | 0.62% | 2.59% | |
| Holdings | 898 | 8,747 | |
| YTD Return | +14.71% | +15.52% | |
| 1Y Return | +23.64% | +26.73% | |
| 3Y Return (annualized) | +25.68% | +20.35% | |
| 5Y Return (annualized) | +13.01% | +9.40% | |
| Volatility (annualized) | 17.9% | 15.1% | |
| Max Drawdown | -55.5% | -39.9% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2003 | Jan 26, 2011 |
ONEQ vs VXUS Performance
Fidelity Nasdaq Composite Index ETF (ONEQ) is a ETF from Fidelity Investments (US) and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year ONEQ returned +23.64% while VXUS returned +26.73%. Year to date, ONEQ is up 14.71% versus a gain of 15.52% for VXUS.
Over three years, ONEQ compounded at +25.68% per year against +20.35% for VXUS; over five years the annualized figures are +13.01% and +9.40% respectively. Across the full 16-year window we track, ONEQ has the edge at +12.50% annualized vs +4.90%. 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 VXUS. 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 -39.9% for VXUS. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ONEQ charges 0.21% per year while VXUS charges 0.05%. On a $10,000 position that is $21 vs $5 annually, a gap of $16 per year that compounds over a long holding period. On income, ONEQ currently yields 0.62% against 2.59% for VXUS.
Holdings Overlap
ONEQ and VXUS share 39 holdings out of 8563 unique holdings combined, representing a 1.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ONEQ or VXUS?
ONEQ has an expense ratio of 0.21% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, ONEQ or VXUS?
Over the past year ONEQ returned +23.64% vs +26.73% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (16 years), ONEQ annualized +12.50% vs +4.90% for VXUS. Past performance does not guarantee future results.
Which is riskier, ONEQ or VXUS?
ONEQ has been the more volatile fund at 17.9% annualized versus 15.1% for VXUS. Worst drawdown: ONEQ -55.5% vs VXUS -39.9%.
Should I hold both ONEQ and VXUS?
ONEQ and VXUS have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ONEQ and VXUS?
ONEQ and VXUS share 39 common holdings with a 1.0% weight overlap. Combined, they hold 8563 unique securities.
Which pays a higher dividend, ONEQ or VXUS?
ONEQ yields 0.62% while VXUS yields 2.59%, so VXUS currently pays the higher dividend yield.
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