Compare/Updated Oct 26, 2026, refreshed every trading day
ONEQ vs QQQ
Fidelity Nasdaq Composite Index ETF against Invesco QQQ Trust, Series 1: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
QQQ did better over the period: $1,000 invested on Oct 28, 2022 would be worth $2,565 versus $2,416 in ONEQ, a 156.5% gain versus 141.6%. QQQ also led over one month, six months, YTD, and one year, although ONEQ slightly led over three years, 98.9% versus 97.2%. The difference reflects QQQ’s more concentrated exposure to large Nasdaq companies, while ONEQ tracks the broader Nasdaq Composite. QQQ’s advantage came with moderately higher risk: 12-month volatility was 20.0% versus 18.5% for ONEQ. Its worst drawdown was slightly smaller, -22.8% versus -24.1%. The funds moved very similarly, with 0.985 correlation and ONEQ moving 0.97% for every 1% move in QQQ. ONEQ had a slightly higher expense ratio, 0.21% versus 0.20%.
- Price is above its 200-day average ($98); 50-day at $105.
- RSI 38, neutral. Supertrend says sell. ADX 22, so the trend is developing.
- Price is above its 200-day average ($676); 50-day at $725.
- RSI 37, neutral. Supertrend says sell. ADX 25, so the trend is developing.
Head to head
Which has returned more, ONEQ or QQQ?
ONEQ beat QQQ in 25 of the last 48 months; QQQ won the other 23. The typical monthly gap was 0.47 points.
Total return by period
Which is riskier?
ONEQ: Dec 16, 2024 to Apr 8, 2025; QQQ: Feb 19, 2025 to Apr 8, 2025
- 0.985
- correlation of daily moves, 4 years
- 0.97
- ONEQ move per 1% in QQQ
- 0.972
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.47 points.
When did they diverge?
| Month | ONEQ | QQQ | Gap |
|---|---|---|---|
| July 2026 | -3.1% | -6.6% | +3.48 pts |
| June 2026 | -2.7% | -0.1% | -2.56 pts |
| March 2023 | +7.0% | +9.5% | -2.46 pts |
| May 2026 | +8.3% | +10.6% | -2.32 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with ONEQ and QQQ?
Go deeper
Ask InvestGPT which one fits your portfolio.
Eight research agents read your holdings, the overlap and the tax side, then answer in plain words. Free accounts get one report a month.
More comparisons
Find another comparison.
Track both, get told when something changes.
Add ONEQ and QQQ to a watchlist and Kavout emails you when a signal flips or a price target is hit.
Free account, no card