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 July 9, 2026

Fidelity Investments

ETFs81

Total AUM$188B

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

ETFs182

Total AUM$2113B

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

Side-by-side snapshot

	ONEQ	QNDX
Full name	Fidelity Nasdaq Composite Index ETF	State Street SPDR Portfolio Nasdaq 100 ETF
Issuer	Fidelity Investments	State Street
Last Close	$103.23 as of July 9, 2026	$24.49 as of July 9, 2026
Distribution yield	0.55%	—
Distribution Safety Score	93	—
Expense ratio	0.21%	0.10%
AUM	$10.4B	$24.9M
Distribution frequency	Quarterly	Quarterly
Underlying index	Nasdaq Composite Index	Nasdaq-100 Index
Objective	Track 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 class	Equity	Equity
Inception date	09/25/2003	06/24/2026
Beta	1.26	—
Last dividend	$0.1430	—
Ex-dividend date	06/18/2026	—

— 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 higher current income (0.55% while QNDX makes no distribution). Choose QNDX if you want a growth tilt and can accept bigger swings for higher upside.

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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

Symbol	YTD	Since Jun 2026
ONEQ	13.29%	2.86%
QNDX	1.89%	1.89%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 9, 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 0.55% 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 $10.4B 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 higher current income — ONEQ yields 0.55% 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 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 $4.58/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 yield0.55%

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 beta1.26

QNDX beta—

Fund details

ONEQ is managed by Fidelity Investments (launched 09/25/2003) with $10.4B in assets. QNDX is managed by State Street (launched 06/24/2026) with $24.9M in assets.

ONEQ AUM$10.4B

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. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.

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 $4.58 per month ($55.00 annually). QNDX has not established a distribution history yet, so a monthly income estimate is not available.

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ONEQ vs QNDX — at a glance

Generated June 2026 from current fund data.

Overview

ONEQ and QNDX are both Nasdaq-focused equity ETFs, but they track different indexes. ONEQ replicates the Nasdaq Composite, which includes every stock listed on the Nasdaq exchange across all market capitalizations—roughly 3,000 holdings. QNDX tracks the Nasdaq-100, a concentrated index of the 100 largest Nasdaq stocks, heavily weighted toward mega-cap technology names. The key distinction: ONEQ offers breadth; QNDX offers concentrated large-cap exposure with lower fees.

How they differ

The most significant difference is scope. ONEQ holds the full Nasdaq Composite (large, mid, and small cap), while QNDX holds only the 100 largest Nasdaq stocks. This makes QNDX much more concentrated and tilted toward mega-cap tech, while ONEQ captures the entire exchange including smaller names. QNDX's expense ratio is not disclosed in available data, but ONEQ's 0.21% is competitive for broad-market index tracking. ONEQ has a longer track record—since 2003—and carries $10.4B in AUM, whereas QNDX is newly launched (June 2026) and is still building assets. ONEQ's beta of 1.26 indicates it tracks above the broader market's volatility, consistent with Nasdaq's growth bias.

Who each is best for

ONEQ: Fits investors seeking diversified exposure to the entire Nasdaq market, including mid and small-cap growth stocks, with a three-decade performance history and substantial fund scale.

QNDX: Designed for investors comfortable with concentration in the Nasdaq's 100 largest names and willing to accept the technology sector's weight within that universe, particularly those prioritizing the lowest possible fees for that specific exposure.

Key risks to know

Concentration in mega-cap tech: QNDX's Nasdaq-100 focus means heavy exposure to a small number of massive technology companies. A sharp decline in companies like Apple, Microsoft, or Nvidia would disproportionately affect QNDX relative to ONEQ.

Nasdaq's growth bias: Both funds carry a beta above 1.0 (ONEQ: 1.26), reflecting the Nasdaq's tilt toward high-growth, high-valuation companies. In periods when growth stocks underperform value or when interest rates rise, both funds are likely to decline more sharply than broad market benchmarks.

Newness and asset base: QNDX launched in June 2026 and lacks historical performance data. ONEQ's $10.4B AUM and two-decade history provide more liquidity and operational track record; QNDX's nascent status introduces uncertainty around fund longevity and cost structure.

Small-cap exposure trade-off: ONEQ's inclusion of mid and small-cap Nasdaq stocks introduces higher volatility and lower liquidity in individual holdings compared to QNDX's 100-stock universe, which can amplify drawdowns during market stress.

Bottom line

If you want broad Nasdaq exposure across all market caps with a proven operational track record, ONEQ stands out; if you're focused on the Nasdaq's largest 100 names and believe lower fees justify newness and concentration risk, QNDX merits consideration. Past performance does not predict future results.

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

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