ONEQ ETF — Fidelity Nasdaq Composite Index ETF

Fidelity Nasdaq Composite Index ETF (ONEQ)

Updated October 8, 2026.

ONEQ is an ETF that tracks the Nasdaq Composite Index. its distribution rate is 0.42%, its trailing-12-month yield is 0.48%, its expense ratio is 0.21%. Dividend Vision Distribution Safety Score™ is 100/100 (Safe). Total return is 1718.6% over the past 23 years, 665.2 points ahead of SPY at 1053.4%.

At the current 0.42% distribution rate, a $10,000 investment would generate approximately $42 per year, or about $10.50 per quarter if the next payment matches the last regular one.

Fidelity Nasdaq Composite Index ETF is an exchange-traded fund that tracks the Nasdaq Composite Index, providing broad exposure to all Nasdaq-listed stocks across large, mid, and small capitalizations through a representative sample of the index's holdings. The fund carries a modest distribution rate with quarterly distributions and a low expense ratio of 0.21%. It appeals to investors seeking broad exposure to Nasdaq-listed companies with a passive, indexed approach and relatively low costs.

ONEQ performance versus SPY

Price and return data through 2026-10-08.

Total return is 1718.6% over the past 23 years, 665.2 points ahead of SPY at 1053.4%. Over the past year its total return — price change plus distributions reinvested — is 18.9%. Its deepest 1-year drawdown was 12.8%.

ONEQ key facts

Distribution Safety Score™

100 · Safe

Safety-Adjusted Yield

0.42%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Equity

Inception date

09/25/2003

Expense ratio

0.21%

Distribution rate

0.42%

Distribution frequency

Quarterly

Trailing yield

0.48%

Last close

$107.13 (as of 2026-10-08)

AUM

$11,075,687,179

Market cap

$646,734,016

Average volume

251538.0

Last dividend

$0.112

Last ex-dividend date

09/18/2026

Last payment date

09/22/2026

Beta

1.3

P/E ratio

26.8013

How Dividend Vision calculates yield and returns

Distribution rate (0.42%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.48%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments or company page; Index: Nasdaq Composite Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ONEQ risks and drawbacks

ONEQ's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 12.8%.

Who may consider ONEQ — and who may not

ONEQ may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (ONEQ pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Compare ONEQ

ONEQ vs similar funds:

• ONEQ vs QQQ
• ONEQ vs QQQM
• ONEQ vs QNDX

Frequently asked questions

More securities from Fidelity Investments.