ONEQ vs VYM
Fidelity Nasdaq Composite Index ETF vs Vanguard High Dividend Yield ETF
Which is better, ONEQ or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. ONEQ led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 56.0%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.21% | 0.04%Best |
| AUM | $10.4B | $81.6B |
| Dividend Yield | 0.60% | 2.22% |
| Holdings | 1,034 | 613 |
| YTD Return | +15.83%Best | +9.40% |
| 1Y Return | +19.27%Best | +13.45% |
| 3Y Return (annualized) | +27.10%Best | +18.32% |
| 5Y Return (annualized) | +14.12%Best | +11.37% |
| Volatility (annualized) | 18.5% | 14.6%Best |
| Max Drawdown | -55.5%Best | -58.8% |
| $10,000 over 5 years | $19,356Best | $17,133 |
| Top 10 Weight | 56.0% | 26.1%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Sep 25, 2003 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 29, 2026 (19.9 years).
ONEQ vs VYM 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 19.9 years both funds cover.
ONEQ vs VYM Performance
Fidelity Nasdaq Composite Index ETF (ONEQ) is an ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year ONEQ returned +19.27% while VYM returned +13.45%. Year to date, ONEQ is up 15.83% versus a gain of 9.40% for VYM.
Over three years, ONEQ compounded at +27.10% per year against +18.32% for VYM; over five years the annualized figures are +14.12% and +11.37% respectively. Across the full 20-year window we track, ONEQ has the edge at +13.02% annualized vs +6.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEQ has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 14.6% for VYM. 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 -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ONEQ charges 0.21% per year while VYM charges 0.04%. On a $10,000 position that is $21 vs $4 annually, a gap of $17 per year that compounds over a long holding period. On income, ONEQ currently yields 0.60% against 2.22% for VYM.
Holdings Overlap
13.0% of ONEQ's money is in holdings VYM also owns. 23.4% of VYM's money is in holdings ONEQ also owns.
VYM and ONEQ share little of their money.
101 positions in common, counted across the 780 positions we hold weights for in ONEQ and 557 in VYM, against full books of 1,034 and 613.
What only one of them owns
Our book lists 432 positions for VYM that do not appear in our book for ONEQ (73.7% of the fund), and 454 for ONEQ that do not appear in VYM (81.5%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 3.78% | 7.35% | 3.57% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.93% | 1.86% | 0.93% |
| TXNTexas Instrument Inc | 0.51% | 1.02% | 0.51% |
| LINLinde Plc Ordinary Shares | 0.49% | 0.90% | 0.41% |
| AMGNAmgen Inc. | 0.50% | 0.78% | 0.28% |
| PEPPepsico Inc. | 0.41% | 0.77% | 0.36% |
| ADIAnalog Devices, Inc. | 0.38% | 0.73% | 0.35% |
| GILDGilead Sciences | 0.39% | 0.66% | 0.27% |
| QCOMQualcomm Inc. | 0.38% | 0.63% | 0.25% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 0.42% | 0.34% | 0.08% |
23.4% of VYM is already inside ONEQ.
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 VYM?
ONEQ has an expense ratio of 0.21% while VYM charges 0.04%. VYM is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, ONEQ or VYM?
Over the past year ONEQ returned +19.27% vs +13.45% for VYM, so ONEQ leads on 1-year performance. Over the longest common window we track (20 years), ONEQ annualized +13.02% vs +6.71% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ONEQ or VYM?
ONEQ has been the more volatile fund at 18.5% annualized versus 14.6% for VYM. Worst drawdown: ONEQ -55.5% vs VYM -58.8%.
Should I hold both ONEQ and VYM?
ONEQ and VYM have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ONEQ and VYM?
23.4% of VYM's money is in holdings ONEQ also owns. 23.4% of VYM's is in holdings ONEQ also owns. They hold 101 positions in common, counted across the 780 positions we hold weights for in ONEQ and 557 in VYM.
Which pays a higher dividend, ONEQ or VYM?
ONEQ yields 0.60% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than ONEQ?
VYM has a lower expense ratio. ONEQ led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 56.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.