Should Fidelity Nasdaq Composite Index ETF (ONEQ) Be on Your Investing Radar?

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Launched on 09/25/2003, the Fidelity Nasdaq Composite Index ETF (ONEQ) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity...

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It has amassed assets over $6.78 billion, making it one of the larger ETFs attempting to match the Large Cap Growth segment of the US equity market.Companies that fall in the large cap category tend to have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.Fidelity Nasdaq Composite Index ETF holds a Zacks ETF Rank of 2 , which is based on expected asset class return, expense ratio, and momentum, among other facto","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","AAPL":"苹果","BK4505":"高瓴资本持仓","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","MSFT":"微软","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","BK4504":"桥水持仓","QID":"纳指两倍做空ETF","BK4512":"苹果概念","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","NVDA":"英伟达","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","SQQQ":"纳指三倍做空ETF","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4516":"特朗普概念","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","ONEQ":"Fidelity NASDAQ Composite Index ETF","BK4592":"伊斯兰概念","BK4515":"5G概念","QLD":"纳指两倍做多ETF","BK4593":"纳斯达克ETF","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4567":"ESG概念","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","BK4507":"流媒体概念","TQQQ":"纳指三倍做多ETF","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","BK4566":"资本集团","VUG":"成长股指数ETF-Vanguard MSCI","PSQ":"纳指反向ETF","FDN":"First Trust Dow Jones Internet I","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4501":"段永平概念","LU0149725797.USD":"汇丰美国股市经济规模基金","QQQ":"纳指100ETF","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC",".IXIC":"NASDAQ Composite","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","COMP":"Compass, Inc.","BK4503":"景林资产持仓","LU0097036916.USD":"贝莱德美国增长A2 USD"},"translate_title":"富达纳斯达克综合指数ETF(ONEQ)应该出现在您的投资雷达上吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VUG":1,".IXIC":1,"FDN":1,"ONEQ":1,"COMP":0.9,"MSFT":0.8,"TQQQ":0.6,"QQQ":0.6,"SQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"MNQmain":0.6,"NQmain":0.6,"NVDA":0.3,"AAPL":0.3},"content_text":"Launched on 09/25/2003, the Fidelity Nasdaq Composite Index ETF (ONEQ) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.\nThe fund is sponsored by Fidelity. It has amassed assets over $6.78 billion, making it one of the larger ETFs attempting to match the Large Cap Growth segment of the US equity market.\nWhy Large Cap Growth\nCompanies that fall in the large cap category tend to have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.\nWhile growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Something to keep in mind is the higher level of volatility that is affiliated with growth stocks. Compared to value stocks, growth stocks are a safer bet in a strong bull market, but don't perform as strongly in almost all other financial environments.\nCosts\nInvestors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.\nAnnual operating expenses for this ETF are 0.21%, making it one of the cheaper products in the space.\nIt has a 12-month trailing dividend yield of 0.63%.\nSector Exposure and Top Holdings\nIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.\nThis ETF has heaviest allocation to the Information Technology sector--about 45.80% of the portfolio. Telecom and Consumer Discretionary round out the top three.\nLooking at individual holdings, Microsoft Corp (MSFT) accounts for about 11.67% of total assets, followed by Apple Inc (AAPL) and Nvidia Corp (NVDA).\nThe top 10 holdings account for about 55.32% of total assets under management.\nPerformance and Risk\nONEQ seeks to match the performance of the NASDAQ Composite Index before fees and expenses. The NASDAQ Composite TR USD is the market capitalization-weighted index of over 3,300 common equities listed on the Nasdaq stock exchange.\nThe ETF return is roughly 19.20% so far this year and was up about 33.24% in the last one year (as of 06/28/2024). In the past 52-week period, it has traded between $49.61 and $70.42.\nThe ETF has a beta of 1.11 and standard deviation of 22.33% for the trailing three-year period, making it a medium risk choice in the space. With about 1013 holdings, it effectively diversifies company-specific risk.\nAlternatives\nFidelity Nasdaq Composite Index ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, ONEQ is an excellent option for investors seeking exposure to the Style Box - Large Cap Growth segment of the market. There are other additional ETFs in the space that investors could consider as well.\nThe Vanguard Growth ETF (VUG) and the Invesco QQQ (QQQ) track a similar index. While Vanguard Growth ETF has $134.30 billion in assets, Invesco QQQ has $284.94 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.\nBottom-Line\nRetail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.\nTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFidelity Nasdaq Composite Index ETF (ONEQ): ETF Research Reports\nApple Inc. (AAPL) : Free Stock Analysis Report\nMicrosoft Corporation (MSFT) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nInvesco QQQ (QQQ): ETF Research Reports\nVanguard Growth ETF (VUG): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2446501736"}