Browse all 650 ETFs by category, no search needed
Global 184
US market 62
Country 92
Core UCITS 15
Sector 103
Style & factor 112
Theme 45
Dividend 37
Fidelity Nasdaq Composite Index (ONEQ)Overvalued or undervalued?
Look-through valuation · US market · Expense ratio 0.21 % · ISIN US3159128087
Price history (since 2003)
Monthly close since 2003. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| NVIDIA Corporation NVDA | 11.4 % | −55.9 % | 74 |
| Apple Inc. AAPL | 10.2 % | −47.0 % | 82 |
| Microsoft Corporation MSFT | 8.3 % | −23.3 % | 66 |
| Amazon.com Inc AMZN | 6.2 % | −49.9 % | 54 |
| Alphabet Inc Class A GOOGL | 4.4 % | n/a | n/a |
| Alphabet Inc Class C GOOG | 4.1 % | −56.5 % | 70 |
| Broadcom Inc AVGO | 3.8 % | −67.8 % | 70 |
| Tesla Inc TSLA | 2.8 % | −93.8 % | 37 |
| Meta Platforms Inc. META | 2.8 % | −9.8 % | 68 |
| Micron Technology Inc MU | 2.3 % | −84.5 % | 74 |
| Space Exploration Technologies Corp. Class A Common Stock SPCX | 2.3 % | n/a | n/a |
| Walmart Inc. WMT | 1.8 % | −54.9 % | 63 |
| Advanced Micro Devices Inc AMD | 1.7 % | −88.0 % | 75 |
| Intel Corporation INTC | 1.0 % | −33.2 % | 38 |
| Cisco Systems Inc CSCO | 0.9 % | −26.6 % | 74 |
| Palantir Technologies Inc. PLTR | 0.9 % | −92.9 % | 70 |
| Costco Wholesale Corp COST | 0.9 % | −58.7 % | 67 |
| Lam Research Corp LRCX | 0.8 % | −68.2 % | 87 |
| Applied Materials Inc AMAT | 0.8 % | −58.2 % | 77 |
| Netflix Inc NFLX | 0.7 % | −40.3 % | 87 |
| Palo Alto Networks Inc PANW | 0.7 % | −88.9 % | 57 |
| Texas Instruments Incorporated TXN | 0.5 % | −69.2 % | 68 |
| Amgen Inc AMGN | 0.5 % | −43.1 % | 63 |
| KLA Corporation KLAC | 0.5 % | −56.7 % | 82 |
| Linde plc Ordinary Shares LIN | 0.5 % | −54.5 % | 70 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +65.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF +56.4 % below FV
- 3 FXI iShares China Large-Cap ETF +52.9 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +44.4 % below FV
- 5 FLCH Franklin FTSE China ETF +38.3 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +29.9 % below FV
- 7 MCHI iShares MSCI China ETF +28.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF +18.6 % below FV
- 9 TAN Invesco Solar ETF +17.9 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +8.4 % below FV
Frequently asked about ONEQ
Is ONEQ overvalued?
What is the fair value of ONEQ?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of ONEQ?
What is the expense ratio of ONEQ?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity® Nasdaq Composite Index® ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 4, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.