Key stats
About Fidelity Nasdaq Composite Index ETF
Expense ratio
0.21%
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Inception date
Sep 25, 2003
ONEQ tracks only Nasdaq-listed companies and ignores those trading on the NYSE or other exchanges. The funds underlying index comprises all domestic and international companies listed in Nasdaq. ONEQs portfolio may favor technology firms, which in the past have dominated the Nasdaq market. This is at the expense of energy, industrials, financials and other industries. Its heavy weightings to large-cap firms may increase single-stock blowup risk. Much like the market it aims to track, ONEQ is essentially a growth play, carrying elevated P/E and P/B ratios and paying smaller dividends. This exposure has translated to higher market risk. ONEQ uses a sampling strategy to track its index, which is reconstituted and rebalanced daily.
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.