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ETF Comparison

ONEQ vs QNDX: Which Is the Better Pick in 2026?

A head-to-head comparison of Fidelity Nasdaq Composite Index ETF and State Street SPDR Portfolio Nasdaq 100 ETF covering yield, cost, risk, and income potential.

Data updated August 10, 2026

Best for

  • ONEQInvestors who want the broader Nasdaq Composite, including mid- and small-cap companies.
  • QNDXInvestors who want focused exposure to the 100 largest non-financial Nasdaq companies.

Jump to the side-by-side numbers

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricONEQQNDX
Full nameFidelity Nasdaq Composite Index ETFState Street SPDR Portfolio Nasdaq 100 ETF
IssuerFidelity InvestmentsState Street
Last Close$105.18 as of August 10, 2026$24.49 as of August 10, 2026
Distribution yield0.54%—
Distribution Safety Score™ 100—
Expense ratio0.21%0.10%
AUM$10.8B$24.9M
Distribution frequencyQuarterlyQuarterly
Underlying indexNasdaq Composite IndexNasdaq-100 Index
ObjectiveTrack the Nasdaq Composite Index, providing broad exposure to all Nasdaq-listed stocks including large, mid, and small cap companies.Track the Nasdaq-100 Index at a low expense ratio for core large-cap growth equity exposure.
Asset classEquityEquity
Inception date09/25/200306/24/2026
Beta1.3—
Last dividend$0.1430—
Ex-dividend date06/18/2026—

— Distribution yield, last dividend, and ex-dividend date are not yet available because QNDX launched June 2026; these fields will populate after the first distribution.

Bottom lineChoose ONEQ if you want the broader Nasdaq Composite, including mid- and small-cap companies. Choose QNDX if you want focused exposure to the 100 largest non-financial Nasdaq companies.

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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

Fidelity Investments
ETFs81
Total AUM$198B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Fidelity Investments is a major player in the ETF space, known for offering a comprehensive range of funds across diverse investment strategies and asset classes. Their lineup of 67 ETFs spans allocation, bond, dividend, equity, factor-based, income, index, international, and sector-focused strategies, with notable offerings including their Fidelity Factor and Fidelity Yield Enhanced families designed to capture specific market premiums and enhance income generation. The issuer serves both broad market investors and those seeking specialized exposure, with popular tickers like FBTC (their Bitcoin ETF) and various dividend and income-focused funds catering to different investor objectives and risk profiles.

See our curated list of related YouTube videos on ONEQ.

See all Fidelity Investments ETFs
State Street
ETFs181
Total AUM$2127B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its flagship SPDR suite of exchange-traded products that serve both institutional and retail investors across a broad range of asset classes. Their 88-fund lineup spans diverse strategies including sector exposure (Select Sector SPDR), income generation (Income and Select Sector SPDR Premium Income families), commodities (including the widely-held GLD gold ETF), bonds, ESG-focused investments, and thematic allocations, with popular tickers like DIA (Diamonds Trust), FEZ (Eurozone exposure), and JNK (high-yield bonds) among their most recognized funds. The issuer is characterized by its comprehensive coverage across multiple market segments and its emphasis on both traditional index-based products and specialized strategies like covered call income funds and factor-based investing.

See our curated list of related YouTube videos on QNDX.

See all State Street ETFs

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

ONEQ has outpaced QNDX over the year to date, posting a 15.01% total return against 1.56%. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTDSince Jun 2026
ONEQ15.01%4.41%
QNDX1.56%1.56%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jun 2026” measures every fund from June 24, 2026 — the youngest fund's first trading day — so all funds share one comparison window.

Quick verdict

ONEQ (Fidelity Nasdaq Composite Index ETF) and QNDX (State Street SPDR Portfolio Nasdaq 100 ETF) are both quarterly-pay ETFs, but they take different approaches.

ONEQ currently shows a 0.54% distribution yield. QNDX has not yet established a full distribution history, so a comparable yield figure is not available.

QNDX is cheaper with an expense ratio of 0.10% compared to 0.21%.

They track different benchmarks: ONEQ is linked to Nasdaq Composite Index while QNDX tracks Nasdaq-100 Index, which means their performance drivers differ.

ONEQ has $10.8B in assets vs $24.9M for QNDX, but QNDX only launched June 2026 — AUM comparisons will become more meaningful as it builds a track record.

Who should choose each?

Choose ONEQ

Fidelity Nasdaq Composite Index ETF

  • Want the broader Nasdaq Composite, including mid- and small caps.
  • Want higher current income — ONEQ yields 0.54% while QNDX makes no distribution.
  • Want a growth tilt and can accept larger swings for more upside.
  • Prefer an established track record — QNDX only launched June 2026.

Choose QNDX

State Street SPDR Portfolio Nasdaq 100 ETF

  • Want focused Nasdaq-100 exposure to the exchange's largest non-financial companies.
  • Want a growth tilt and can accept larger swings for more upside.
  • Want to keep costs low — a 0.10% expense ratio vs 0.21% for ONEQ.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, ONEQ would generate roughly $4.50/month, while QNDX has no reported distribution yield yet, so a monthly income estimate is not available, at current distribution rates. Both pay quarterly distributions.

ONEQ yield0.54%
QNDX yield—

Cost & efficiency

Over 10 years on $10,000, ONEQ would cost approximately $210 in fees vs $100 for QNDX (simplified, not compounded). The $110.00 difference may be offset by yield or performance.

ONEQ ER0.21%
QNDX ER0.10%

Strategy & risk

ONEQ tracks Nasdaq Composite Index with a large cap approach, while QNDX tracks Nasdaq-100 Index with a large cap approach.

ONEQ beta1.3
QNDX beta—

Fund details

ONEQ is managed by Fidelity Investments (launched 09/25/2003) with $10.8B in assets. QNDX is managed by State Street (launched 06/24/2026) with $24.9M in assets.

ONEQ AUM$10.8B
QNDX AUM$24.9M
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Frequently asked questions

Which of ONEQ or QNDX pays more dividend income?

ONEQ currently reports a distribution yield, while QNDX has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between ONEQ and QNDX?

ONEQ (Fidelity Nasdaq Composite Index ETF) tracks Nasdaq Composite Index with a large cap approach, while QNDX (State Street SPDR Portfolio Nasdaq 100 ETF) tracks Nasdaq-100 Index with a large cap approach. They are issued by Fidelity Investments and State Street respectively.

Can I hold both ONEQ and QNDX?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, ONEQ or QNDX?

ONEQ has an expense ratio of 0.21% while QNDX charges 0.10%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in ONEQ vs QNDX generate?

At current rates, $10,000 in ONEQ would generate roughly $4.50 per month ($54.00 annually). QNDX has not established a distribution history yet, so a monthly income estimate is not available.

Which has performed better historically, ONEQ or QNDX?

ONEQ has outpaced QNDX over the year to date, posting a 15.01% total return against 1.56%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

ONEQ vs QNDX — at a glance

Generated August 8, 2026 from current fund data.

Overview

ONEQ and QNDX are both broad Nasdaq-focused ETFs, but they track different indexes and serve different investor scales. ONEQ tracks the full Nasdaq Composite (roughly 3,000 stocks across all market caps), while QNDX targets the narrower Nasdaq-100 (the 100 largest nonfinancial Nasdaq companies). The key distinction is breadth: ONEQ captures the entire Nasdaq ecosystem; QNDX concentrates on mega-cap tech and growth leaders.

How they differ

ONEQ's 1.29 beta signals meaningfully higher volatility than the broad market — the Composite includes smaller, more cyclical names alongside megacaps. QNDX, tracking the Nasdaq-100, focuses on the 100 largest Nasdaq-listed firms, which tilts the portfolio toward mega-cap technology and reduces exposure to smaller-cap volatility. The second major difference is cost: QNDX's 0.10% expense ratio undercuts ONEQ's 0.21% by 11 basis points. Third, ONEQ has $10.8 billion in assets and nearly two decades of operating history, while QNDX launched in mid-2026 with $24.9 million in AUM — a dramatic scale difference that affects liquidity and fund stability.

Who each is best for

ONEQ: Fits investors seeking exposure to the entire Nasdaq ecosystem, including smaller and mid-cap growth companies that don't meet the Nasdaq-100 threshold. The higher beta and longer track record suit established investors comfortable with broad-market Nasdaq volatility.

QNDX: Designed for investors who want large-cap Nasdaq exposure concentrated in the 100 mega-cap and large-cap names dominating the index, coupled with the lowest possible expense ratio. The recent inception appeals to cost-conscious investors who don't require a long historical pedigree.

Key risks to know

  • Index breadth mismatch: ONEQ's inclusion of smaller Nasdaq stocks introduces higher single-stock idiosyncratic risk and potential for wider performance divergence from large-cap benchmarks during market rotations favoring or punishing smaller caps.
  • Concentration in mega-cap technology: QNDX's Nasdaq-100 focus means heavy weighting to the largest technology and growth firms; sector-specific downturns could hit harder than in broader indexes.
  • Liquidity and AUM scale risk: QNDX's $24.9 million AUM is substantially smaller than ONEQ's, raising the risk of wider bid-ask spreads and potential challenges if the fund fails to grow or faces redemptions.
  • Beta divergence: ONEQ's reported 1.29 beta reflects higher systematic risk than the broad market; investors should verify whether that volatility aligns with their portfolio.

Bottom line

If you want the broadest Nasdaq exposure and don't mind paying slightly more for scale and history, ONEQ's $10.8 billion footprint and two-decade track record offer stability. If you're willing to accept a much newer, smaller fund and want pure mega-cap Nasdaq-100 exposure at the lowest fee, QNDX's 0.10% expense ratio is compelling — though its minimal AUM and brief history warrant monitoring. Past performance does not guarantee future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

Dividend growth vs. high yield Yield on cost, explained How expense ratios eat returns

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