Fidelity Nasdaq Composite Index ETF (ONEQ)

Market Price (10/13/2026): $107.36

Fidelity Nasdaq Composite Index ETF (ONEQ)

Market Price (10/13/2026): $107.36

Key Takeaways

ONEQ has returned +17.8% YTD vs +14.7% for SPY, +21.7% for QQQ; +23.5% over the past 12 months (SPY +20.1%, QQQ +27.0%). details →
Priced in gold, ONEQ has returned -7.9% over the past 3 years, vs +107.2% in dollars — its dollar gains have lagged gold. details →
Over the past month, ONEQ has seen net inflows of +$11M (+0.1% of assets). details →
ONEQ is trading within 1.3% of its all-time high. details →
ONEQ's top 10 holdings represent 57% of the fund vs 47% for QQQ — a more concentrated portfolio. details →

Last updated: 10/12/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with ONEQ

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+13.8%

Volatility

12.6%

Sharpe

0.87

YTD

+11.1%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	ONEQ	25.0%	-0.4%	-0.9%	3.4%	17.8%
Bond	BND	50.0%	0.0%	0.5%	-1.0%	-2.2%
Gold	GLD	10.0%	-0.6%	0.7%	-4.2%	-3.6%
Commodity	DBC	2.5%	1.1%	2.9%	0.5%	49.1%
Real Estate	VNQ	5.0%	0.8%	2.5%	-2.8%	6.2%
Bitcoin	BTCUSD	0.0%	1.4%	-2.5%	8.4%	-4.4%
Cash	GOVT	7.5%	0.0%	0.4%	-1.2%	-2.6%
Conservative Portfolio		100.0%	-0.1%	0.3%	-0.3%	4.3%

	ETF	%	1D	1W	1M	YTD
Equity	ONEQ	55.0%	-0.4%	-0.9%	3.4%	17.8%
Bond	BND	25.0%	0.0%	0.5%	-1.0%	-2.2%
Gold	GLD	7.0%	-0.6%	0.7%	-4.2%	-3.6%
Commodity	DBC	4.0%	1.1%	2.9%	0.5%	49.1%
Real Estate	VNQ	5.0%	0.8%	2.5%	-2.8%	6.2%
Bitcoin	BTCUSD	2.0%	1.4%	-2.5%	8.4%	-4.4%
Cash	GOVT	2.0%	0.0%	0.4%	-1.2%	-2.6%
Moderate Portfolio		100.0%	-0.2%	-0.1%	1.4%	11.1%

	ETF	%	1D	1W	1M	YTD
Equity	ONEQ	80.0%	-0.4%	-0.9%	3.4%	17.8%
Bond	BND	5.0%	0.0%	0.5%	-1.0%	-2.2%
Gold	GLD	3.0%	-0.6%	0.7%	-4.2%	-3.6%
Commodity	DBC	2.2%	1.1%	2.9%	0.5%	49.1%
Real Estate	VNQ	4.5%	0.8%	2.5%	-2.8%	6.2%
Bitcoin	BTCUSD	5.2%	1.4%	-2.5%	8.4%	-4.4%
Cash	GOVT	0.0%	0.0%	0.4%	-1.2%	-2.6%
Aggressive Portfolio		100.0%	-0.2%	-0.6%	2.9%	15.2%

	ETF	%	Return	Volatility	Sharpe
Equity	ONEQ	25.0%	18.8%	18.7%	0.86
Bond	BND	50.0%	1.2%	5.2%	-0.30
Gold	GLD	10.0%	11.8%	15.4%	0.61
Commodity	DBC	2.5%	8.3%	17.2%	0.38
Real Estate	VNQ	5.0%	4.6%	17.6%	0.18
Bitcoin	BTCUSD	0.0%	63.6%	76.3%	0.96
Cash	GOVT	7.5%	0.2%	5.0%	-0.51
Conservative Portfolio		100.0%	7.1%	7.8%	0.55

	ETF	%	Return	Volatility	Sharpe
Equity	ONEQ	55.0%	18.8%	18.7%	0.86
Bond	BND	25.0%	1.2%	5.2%	-0.30
Gold	GLD	7.0%	11.8%	15.4%	0.61
Commodity	DBC	4.0%	8.3%	17.2%	0.38
Real Estate	VNQ	5.0%	4.6%	17.6%	0.18
Bitcoin	BTCUSD	2.0%	63.6%	76.3%	0.96
Cash	GOVT	2.0%	0.2%	5.0%	-0.51
Moderate Portfolio		100.0%	13.8%	12.6%	0.87

	ETF	%	Return	Volatility	Sharpe
Equity	ONEQ	80.0%	18.8%	18.7%	0.86
Bond	BND	5.0%	1.2%	5.2%	-0.30
Gold	GLD	3.0%	11.8%	15.4%	0.61
Commodity	DBC	2.2%	8.3%	17.2%	0.38
Real Estate	VNQ	4.5%	4.6%	17.6%	0.18
Bitcoin	BTCUSD	5.2%	63.6%	76.3%	0.96
Cash	GOVT	0.0%	0.2%	5.0%	-0.51
Aggressive Portfolio		100.0%	20.2%	17.6%	0.98

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	ONEQ	25.0%	-30.3%	-26.0%	-22.4%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-17.3%	-10.6%	-5.3%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	ONEQ	55.0%	-30.3%	-26.0%	-22.4%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-22.8%	-18.9%	-13.6%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	ONEQ	80.0%	-30.3%	-26.0%	-22.4%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-29.0%	-25.3%	-20.6%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

Learn More →

Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	10/31/27	10/13/26	2025	2024	2023	2022	2021
Share Price CYE		$107.36	$91.16	$75.40	$58.31	$40.01	$58.95
Dividend/Share TTM		$0.40	$0.49	$0.50	$0.42	$0.40	$0.89
Valuation [1]
P/S	4.91	6.11	5.14	4.92	4.00	2.86	5.01
P/E		27.85	32.91	33.68	29.68	22.55	31.59
P/E (Non-GAAP) [2]	23.63	27.88	31.02	31.66	28.53	21.24	36.49
P/FCF		49.40	45.65	45.77	38.93	31.76	43.52
Yields TTM
Earnings Yield	4.23%	3.59%	3.04%	2.97%	3.37%	4.43%	3.17%
Dividend Yield	0.37%	0.37%	0.54%	0.66%	0.72%	1.00%	1.50%
Total Yield (TY)	4.61%	3.96%	3.58%	3.63%	4.09%	5.43%	4.67%
Risk Premium [3]
Risk Free Rate (Rf)	5.22%	5.22%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	-0.61%	-1.26%	-0.60%	-0.95%	0.21%	1.55%	3.15%
Growth Rates [6]
Sales Growth	16.5%	10.8%	10.3%	9.2%	4.0%	11.6%
Earnings Growth [7]	16.8%	37.3%	29.6%	20.1%	10.5%	-12.7%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
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Highlights

YIELD

ONEQ's earnings yield is 3.59%, based on its 27.9x trailing P/E. With a 0.37% dividend yield, ONEQ is yielding 3.96% in total.

RISK

Compared to US Treasuries at 5.22%, ONEQ's total yield implies a -1.26% risk premium. A negative risk premium means investors earn less than risk-free Treasuries — valuations are historically stretched, though expectations of falling interest rates or fast earnings growth can justify such levels.

FORWARD EXPECTATIONS

Based on analyst estimates, ONEQ's forward total yield is 4.61%, implying a -0.61% risk premium assuming stable Treasury rates.

Top 20 Holdings for ONEQ

Total Weights
Top 5: 40.1% | Top 10: 56.8% | Top 20: 68.8%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		93.99%	100.00%	100.00%	4.7	21.5	+16.5%	+16.8%
Top 20		68.75%	51.94%	71.32%	6.0	22.6	+21.9%	+17.5%
NVDA	NVIDIA	11.47%	3.86%	12.89%	8.8	16.0	+69.5%	+68.4%
AAPL	Apple	10.20%	5.79%	8.39%	9.5	35.9	+7.5%	+11.1%
MSFT	Microsoft	8.25%	4.14%	8.75%	9.7	25.6	+19.6%	+19.8%
AMZN	Amazon.com	5.88%	9.91%	9.07%	3.0	23.5	+14.7%	-16.0%
GOOGL	Alphabet	4.28%	2.71%	7.78%	7.2	21.2	+23.5%	-25.3%
GOOG	Alphabet	3.99%	2.52%	7.25%	7.2	21.2	+23.5%	-25.3%
AVGO	Broadcom	3.57%	1.14%	2.57%	10.0	18.4	+64.5%	+65.0%
META	Meta Platforms	3.29%	2.41%	3.78%	6.4	21.4	+20.3%	+14.8%
TSLA	Tesla	3.13%	1.61%	0.31%	10.3	157.0	+13.4%	+33.7%
SPCX	Space Exploration Technologies	2.76%	0.36%	—	9.7	177.7	+149.1%	+193.1%
MU	Micron Technology	2.41%	1.74%	5.84%	4.0	5.5	+17.7%	+13.0%
AMD	Advanced Micro Devices	2.06%	0.53%	0.44%	11.6	40.0	+76.6%	+113.3%
WMT	Walmart	1.83%	9.10%	1.43%	1.2	35.7	+4.4%	+11.7%
INTC	Intel	1.14%	0.76%	—	7.2	49.2	+15.8%	+41.4%
PLTR	Palantir Technologies	0.99%	0.07%	0.19%	43.1	86.3	+50.2%	+48.6%
CSCO	Cisco Systems	0.97%	0.82%	0.90%	6.1	21.9	+6.9%	+8.2%
COST	Costco Wholesale	0.87%	3.76%	0.60%	1.3	41.4	+7.6%	+9.6%
AMAT	Applied Materials	0.83%	0.39%	0.62%	8.4	27.1	+36.3%	+40.0%
LRCX	Lam Research	0.82%	0.30%	0.49%	10.4	30.3	+19.9%	+23.4%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 10/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 10/31/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for ONEQ Top Holdings

Ticker	Holding	Weight	Mkt Price 10/12	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
ONEQ	Fidelity Nasdaq Composite Index ETF	100.00%	107.36	-0.4%	3.4%	17.8%	23.5%	107.2%	96.1%	472.3%
NVDA	NVIDIA	11.47%	226.32	-1.3%	3.7%	21.6%	23.9%	399.3%	985.6%	13,879.9%
AAPL	Apple	10.20%	340.97	1.3%	2.6%	25.8%	39.5%	93.2%	148.1%	1,167.5%
MSFT	Microsoft	8.25%	541.15	1.1%	9.2%	12.6%	6.8%	69.0%	90.3%	961.3%
AMZN	Amazon.com	5.88%	259.53	-1.1%	1.1%	12.4%	19.9%	100.0%	58.0%	530.7%
GOOGL	Alphabet	4.28%	352.72	0.3%	4.2%	12.9%	49.5%	159.2%	158.8%	785.1%
GOOG	Alphabet	3.99%	348.97	0.3%	4.0%	11.4%	47.3%	154.2%	155.5%	805.0%
AVGO	Broadcom	3.57%	354.73	-1.9%	-1.8%	3.1%	10.1%	314.9%	699.0%	2,579.6%
META	Meta Platforms	3.29%	742.96	3.4%	14.7%	12.8%	5.7%	138.4%	131.1%	486.5%
TSLA	Tesla	3.13%	378.03	-1.2%	3.4%	-15.9%	-8.6%	50.5%	39.8%	2,785.6%
SPCX	Space Exploration Technologies	2.76%	163.42	0.5%	8.1%
MU	Micron Technology	2.41%	989.04	-3.9%	1.4%	246.7%	445.2%	1,342.6%	1,425.8%	5,820.9%
AMD	Advanced Micro Devices	2.06%	594.24	-2.3%	15.1%	177.5%	176.5%	465.5%	444.4%	8,703.6%
WMT	Walmart	1.83%	113.08	1.6%	5.5%	2.1%	12.0%	119.0%	161.0%	485.7%
INTC	Intel	1.14%	101.35	-3.2%	-1.5%	174.7%	178.7%	186.5%	110.6%	234.0%
PLTR	Palantir Technologies	0.99%	209.00	-0.0%	25.0%	17.6%	19.1%	1,103.9%	766.1%
CSCO	Cisco Systems	0.97%	115.34	-2.6%	3.3%	52.5%	72.9%	131.4%	142.2%	412.1%
COST	Costco Wholesale	0.87%	959.44	1.3%	6.0%	11.8%	3.8%	76.1%	127.4%	656.4%
AMAT	Applied Materials	0.83%	497.53	-1.9%	9.0%	94.3%	138.3%	260.9%	304.4%	1,872.0%
LRCX	Lam Research	0.82%	309.56	-2.9%	3.9%	81.4%	136.7%	392.0%	498.2%	3,500.7%

Guidance Updates for ONEQ Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
AMAT_8132026	AMAT	Applied Materials	8/13/2026	Q4 2026 Revenue	10.25 Bil	14.5%	Higher NewNew Guidance Higher than Prior Actual of 8.95 Bil for Q3 2026
AMD_8042026	AMD	Advanced Micro Devices	8/4/2026	Q3 2026 Revenue	13.00 Bil	16.1%	Higher NewNew Guidance Higher than Prior Actual of 11.20 Bil for Q2 2026
AVGO_9022026	AVGO	Broadcom	9/2/2026	Q4 2026 Revenue	34.80 Bil	18.4%	Higher NewNew Guidance Higher than Prior Actual of 29.40 Bil for Q3 2026
INTC_7232026	INTC	Intel	7/23/2026	Q3 2026 Revenue	16.30 Bil	14.0%	Higher NewNew Guidance Higher than Prior Actual of 14.30 Bil for Q2 2026
LRCX_7292026	LRCX	Lam Research	7/29/2026	Q3 2026 Revenue	8.10 Bil	22.7%	Higher NewNew Guidance Higher than Prior Actual of 6.60 Bil for Q2 2026
MU_9302026	MU	Micron Technology	9/30/2026	Q1 2027 Revenue	61.50 Bil	23.0%	Higher NewNew Guidance Higher than Prior Actual of 50.00 Bil for Q4 2026
NVDA_8262026	NVDA	NVIDIA	8/26/2026	Q3 2027 Revenue	108.00 Bil	18.7%	Higher NewNew Guidance Higher than Prior Actual of 91.00 Bil for Q2 2027
PLTR_8032026	PLTR	Palantir Technologies	8/3/2026	2026 Revenue	8.15 Bil	6.5%	RaisedRaised Prior Guidance of 7.66 Bil for 2026

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
ONEQ Return	22%	-32%	46%	29%	21%	18%	123%
Peers Return	24%	-30%	48%	19%	19%	20%	119%
S&P 500 Return	27%	-19%	24%	23%	16%	14%	108%
Monthly Win Rates [3]
ONEQ Win Rate	83%	33%	67%	75%	67%	60%
Peers Win Rate	75%	33%	64%	72%	64%	57%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
ONEQ Max Drawdown	-10%	-35%	-12%	-13%	-24%	-13%
Peers Max Drawdown	-11%	-33%	-11%	-13%	-22%	-13%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: QQQ, QQQM, QQEW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/12/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
ONEQ	0.83	1.09	0.54
Equity Top Results (3Y)
IALT	2.30	2.30	2.30
VLUE	2.18	1.44	0.76
SPMO	0.89	1.43	0.86
SMH	1.69	1.38	0.95
CGDV	1.03	1.35	0.89

Results as of 9302026.

Event	ONEQ	S&P 500
2025 US Tariff Shock
% Loss	-23.7%	-18.8%
% Gain to Breakeven	31.0%	23.1%
Time to Breakeven	79 days	79 days
2024 Yen Carry Trade Unwind
% Loss	-13.2%	-7.8%
% Gain to Breakeven	15.3%	8.5%
Time to Breakeven	83 days	18 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-10.5%	-9.5%
% Gain to Breakeven	11.8%	10.5%
Time to Breakeven	19 days	24 days
2022 Inflation Shock & Fed Tightening
% Loss	-33.9%	-24.5%
% Gain to Breakeven	51.3%	32.4%
Time to Breakeven	466 days	427 days
2020 COVID-19 Crash
% Loss	-30.2%	-33.7%
% Gain to Breakeven	43.2%	50.9%
Time to Breakeven	74 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-22.5%	-19.2%
% Gain to Breakeven	29.1%	23.8%
Time to Breakeven	113 days	105 days

Compare to QQQ, QQQM, QQEW

In The Past

Fidelity Nasdaq Composite Index ETF's stock fell -23.7% during the 2025 US Tariff Shock. Such a loss loss requires a 31.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	ONEQ	S&P 500
2025 US Tariff Shock
% Loss	-23.7%	-18.8%
% Gain to Breakeven	31.0%	23.1%
Time to Breakeven	79 days	79 days
2022 Inflation Shock & Fed Tightening
% Loss	-33.9%	-24.5%
% Gain to Breakeven	51.3%	32.4%
Time to Breakeven	466 days	427 days
2020 COVID-19 Crash
% Loss	-30.2%	-33.7%
% Gain to Breakeven	43.2%	50.9%
Time to Breakeven	74 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-22.5%	-19.2%
% Gain to Breakeven	29.1%	23.8%
Time to Breakeven	113 days	105 days
2008-2009 Global Financial Crisis
% Loss	-53.0%	-53.4%
% Gain to Breakeven	112.7%	114.4%
Time to Breakeven	652 days	1085 days

Compare to QQQ, QQQM, QQEW

In The Past

Fidelity Nasdaq Composite Index ETF's stock fell -23.7% during the 2025 US Tariff Shock. Such a loss loss requires a 31.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

ONEQ Dip Buy History

ONEQ had 22 events since 3/5/2007 where the dip threshold of -5.0% within 60 trading days was triggered

25% median peak return within 1 year of dip event
293 days is the median time to peak return after a dip event
-9.1% median max drawdown within 1 year of dip event

60 Trading-Day Dip			ONEQ Subsequent Performance
Date	ONEQ	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			23%	25%	-9%	293
3/19/2026	-5%	-3%			-6%	201
3/3/2025	-5%	-3%	24%	31%	-16%	240
10/18/2023	-5%	-5%	40%	41%	-5%	266
9/29/2022	-5%	-5%	26%	35%	-5%	293
1/20/2022	-7%	-2%	-19%	4%	-27%	68
5/12/2021	-7%	4%	-12%	24%	-12%	191
3/9/2020	-7%	-12%	65%	77%	-14%	340
10/10/2018	-5%	0%	10%	13%	-16%	289
4/24/2018	-6%	-8%	17%	17%	-11%	366
6/27/2016	-6%	-3%	35%	39%	0%	346
1/13/2016	-7%	-7%	24%	24%	-6%	364
8/21/2015	-7%	-7%	13%	13%	-9%	360
10/16/2014	-5%	-6%	17%	25%	0%	277
4/11/2014	-5%	-1%	26%	28%	0%	343
11/13/2012	-5%	-2%	39%	39%	-2%	350
5/18/2012	-6%	-5%	27%	27%	-1%	368
11/25/2011	-5%	-4%	23%	31%	0%	299
8/2/2011	-5%	-6%	11%	18%	-12%	238
6/4/2010	-6%	-7%	24%	31%	-6%	328
7/14/2008	-5%	-10%	-18%	11%	-42%	31
1/2/2008	-6%	-7%	-39%	0%	-49%	0
8/16/2007	-5%	-6%	1%	15%	-11%	76

[1] Dip event: the stock fell more than 5.0% over 60 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/12/2026

ONEQ had 12 events since 3/5/2007 where the dip threshold of -10% within 90 trading days was triggered

31% median peak return within 1 year of dip event
293 days is the median time to peak return after a dip event
-6.2% median max drawdown within 1 year of dip event

90 Trading-Day Dip			ONEQ Subsequent Performance
Date	ONEQ	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			22%	31%	-6%	293
4/3/2025	-13%	-9%	39%	45%	-8%	209
12/6/2022	-11%	-4%	32%	32%	-7%	366
10/7/2022	-11%	-11%	29%	36%	-4%	285
1/25/2022	-10%	-2%	-14%	8%	-24%	63
3/12/2020	-13%	-18%	86%	97%	-5%	337
11/19/2018	-10%	-3%	23%	24%	-12%	365
9/29/2015	-11%	-11%	19%	20%	-5%	359
11/23/2011	-12%	-12%	21%	30%	-1%	301
8/8/2011	-15%	-15%	29%	33%	-1%	232
8/13/2010	-10%	-8%	16%	33%	-3%	328
9/9/2008	-11%	-12%	-6%	2%	-42%	10
1/22/2008	-11%	-11%	-34%	12%	-42%	135

[1] Dip event: the stock fell more than 10% over 90 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/12/2026

ONEQ had 2 events since 3/5/2007 where the dip threshold of -20% within 180 trading days was triggered

10% median peak return within 1 year of dip event
50 days is the median time to peak return after a dip event
-25% median max drawdown within 1 year of dip event

180 Trading-Day Dip			ONEQ Subsequent Performance
Date	ONEQ	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			5%	10%	-25%	50
5/9/2022	-20%	-9%	7%	13%	-11%	98
9/17/2008	-20%	-19%	2%	8%	-40%	2

[1] Dip event: the stock fell more than 20% over 180 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/12/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
IJH	iShares Core S&P Mid-Cap ETF	-7.0%	73.16	10122026	78.67	8162026	57
MDY	State Street SPDR S&P MIDCAP 400 ETF Trust	-6.9%	667.30	10122026	716.91	8162026	57
SCHM	Schwab U.S. Mid-Cap ETF	-6.4%	34.51	10122026	36.87	6302026	104
IVOO	Vanguard S&P Mid-Cap 400 ETF	-6.7%	123.82	10122026	132.68	8162026	57
IJR	iShares Core S&P Small-Cap ETF	-8.6%	137.47	10122026	150.44	8162026	57
VB	Vanguard Small-Cap ETF	-6.6%	288.16	10122026	308.38	8162026	57
IWM	iShares Russell 2000 ETF	-8.9%	277.90	10122026	305.09	8162026	57
SCHA	Schwab U.S. Small-Cap ETF	-9.6%	32.66	10122026	36.13	6302026	104
VTWO	Vanguard Russell 2000 ETF	-8.6%	112.27	10122026	122.90	8162026	57
DFAS	Dimensional U.S. Small Cap ETF	-7.5%	78.17	10122026	84.48	8162026	57
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	-7.4%	52.46	10122026	56.64	8162026	57
NUSC	Nuveen ESG Small-Cap ETF	-7.7%	49.16	10122026	53.27	8162026	57
AKRE	Akre Focus ETF	-10.6%	55.29	10122026	61.85	8302026	43
IJK	iShares S&P Mid-Cap 400 Growth ETF	-6.7%	111.10	10122026	119.11	8172026	56
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	-6.8%	105.95	10122026	113.69	8172026	56
IWO	iShares Russell 2000 Growth ETF	-10.6%	353.71	10122026	395.65	8162026	57
VBK	Vanguard Small-Cap Growth ETF	-6.8%	340.88	10122026	365.91	8172026	56
IJT	iShares S&P Small-Cap 600 Growth ETF	-9.4%	162.30	10122026	179.07	8042026	69
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-9.3%	108.33	10122026	119.50	8042026	69
IJJ	iShares S&P Mid-Cap 400 Value ETF	-7.4%	140.44	10122026	151.67	8162026	57
MDYV	State Street SPDR S&P 400 Mid Cap Value ETF	-7.3%	90.28	10122026	97.39	8162026	57
VBR	Vanguard Small-Cap Value ETF	-6.3%	234.71	10122026	250.56	8162026	57
AVUV	Avantis U.S. Small Cap Value ETF	-6.8%	119.94	10122026	128.74	8042026	69
IWN	iShares Russell 2000 Value ETF	-7.2%	211.09	10122026	227.43	8162026	57
IJS	iShares S&P Small-Cap 600 Value ETF	-8.1%	129.23	10122026	140.68	8162026	57
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	-8.2%	103.04	10122026	112.22	8162026	57
VIOV	Vanguard S&P Small-Cap 600 Value ETF	-7.7%	110.97	10122026	120.28	8162026	57
IEFA	iShares Core MSCI EAFE ETF	-5.2%	96.18	10122026	101.41	8252026	48
EFA	iShares MSCI EAFE ETF	-5.3%	103.05	10122026	108.81	8252026	48
SCHF	Schwab International Equity ETF	-5.1%	27.13	10122026	28.59	8252026	48
FNDF	Schwab Fundamental International Equity ETF	-5.1%	53.42	10122026	56.31	9072026	35
EFV	iShares MSCI EAFE Value ETF	-5.9%	78.15	10122026	83.08	9032026	39
AVIV	Avantis International Large Cap Value ETF	-5.9%	78.96	10122026	83.89	8252026	48
VGK	Vanguard FTSE Europe ETF	-7.7%	85.82	10122026	92.96	8252026	48
SCHC	Schwab International Small-Cap Equity ETF	-5.3%	49.13	10122026	51.86	8272026	46
IEMG	iShares Core MSCI Emerging Markets ETF	-6.2%	80.63	10122026	86.00	6222026	112
EEM	iShares MSCI Emerging Markets ETF	-7.1%	66.15	10122026	71.21	6222026	112
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-13.8%	32.17	10122026	37.30	6222026	112
EWY	iShares MSCI South Korea ETF	-22.4%	170.11	10122026	219.20	6212026	113
FXI	iShares China Large-Cap ETF	-10.8%	34.14	10122026	38.26	5132026	152
KWEB	KraneShares CSI China Internet ETF	-19.1%	24.75	10122026	30.59	5132026	152
SCHD	Schwab US Dividend Equity ETF	-5.5%	33.26	10122026	35.21	8242026	49
DVY	iShares Select Dividend ETF	-6.1%	155.33	10122026	165.50	8162026	57
SDY	State Street SPDR S&P Dividend ETF	-5.5%	150.38	10122026	159.18	8242026	49
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	-6.0%	55.50	10122026	59.07	8242026	49
SCHY	Schwab International Dividend Equity ETF	-6.0%	31.75	10122026	33.78	8252026	48
COWZ	Pacer US Cash Cows 100 ETF	-5.1%	68.68	10122026	72.40	8302026	43
MTUM	iShares MSCI USA Momentum Factor ETF	-8.7%	315.09	10122026	345.22	6222026	112
SPHQ	Invesco S&P 500 Quality ETF	-5.1%	85.52	10122026	90.10	6302026	104
FNDA	Schwab Fundamental U.S. Small Company ETF	-7.6%	35.60	10122026	38.52	8162026	57
SPMO	Invesco S&P 500 Momentum ETF	-7.6%	149.36	10122026	161.66	6222026	112
MOAT	VanEck Morningstar Wide Moat ETF	-5.1%	109.26	10122026	115.14	8272026	46
SPGP	Invesco S&P 500 GARP ETF	-5.2%	122.34	10122026	129.02	8132026	60
ARKK	ARK Innovation ETF	-5.1%	88.02	10122026	92.78	10052026	7
URA	Global X Uranium ETF	-35.3%	37.72	10122026	58.26	5062026	159
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-16.2%	34.90	10122026	41.63	5132026	152
ROBO	ROBO Global Robotics & Automation Index ETF	-11.4%	80.03	10122026	90.34	6022026	132
LIT	Global X Lithium & Battery Tech ETF	-25.4%	68.37	10122026	91.62	5112026	154
ICLN	iShares Global Clean Energy ETF	-27.9%	17.12	10122026	23.75	6022026	132
ARKQ	ARK Autonomous Technology & Robotics ETF	-15.4%	121.60	10122026	143.82	5282026	137
ARKX	ARK Space & Defense Innovation ETF	-15.8%	31.76	10122026	37.74	5282026	137
NASA	Tema Space Innovators ETF	-44.1%	23.41	10122026	41.89	5272026	138
DRSK	Aptus Defined Risk ETF	-7.3%	27.25	10122026	29.39	6012026	133
ALLW	SSGA Active Trust State Street Bridgewater All Weather ETF	-5.1%	28.88	10122026	30.44	8252026	48
YYY	Amplify CEF High Income ETF	-8.7%	10.38	10122026	11.37	8162026	57
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-9.2%	64.71	10122026	71.30	8252026	48
XLF	State Street Financial Select Sector SPDR ETF	-6.0%	55.05	10122026	58.56	9032026	39
XLI	State Street Industrial Select Sector SPDR ETF	-9.3%	169.15	10122026	186.51	8162026	57
XLC	State Street Communication Services Select Sector SPDR ETF	-6.2%	111.45	10122026	118.79	4192026	176
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-7.8%	112.27	10122026	121.82	5282026	137
XLU	State Street Utilities Select Sector SPDR ETF	-10.6%	41.63	10122026	46.55	4302026	165
XLB	State Street Materials Select Sector SPDR ETF	-7.9%	49.44	10122026	53.67	8262026	47
IYJ	iShares U.S. Industrials ETF	-7.6%	156.94	10122026	169.86	8042026	69
IYM	iShares U.S. Basic Materials ETF	-7.4%	181.88	10122026	196.45	8252026	48
SMH	VanEck Semiconductor ETF	-11.6%	590.99	10122026	668.91	6222026	112
SOXX	iShares Semiconductor ETF	-16.8%	544.85	10122026	655.01	6222026	112
IBB	iShares Biotechnology ETF	-5.9%	204.26	10122026	216.96	8192026	54
XBI	State Street SPDR S&P Biotech ETF	-10.7%	151.40	10122026	169.55	8192026	54
ITA	iShares U.S. Aerospace & Defense ETF	-18.6%	206.03	10122026	253.22	8162026	57
IYT	iShares U.S. Transportation ETF	-11.1%	80.00	10122026	90.01	7162026	88
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-9.7%	178.83	10122026	198.06	9032026	39
KRE	State Street SPDR S&P Regional Banking ETF	-10.7%	69.56	10122026	77.93	8162026	57
MISL	First Trust Indxx Aerospace & Defense ETF	-14.3%	42.16	10122026	49.19	5282026	137
RING	iShares MSCI Global Gold Miners ETF	-17.0%	77.32	10122026	93.17	8252026	48
SOXQ	Invesco PHLX Semiconductor ETF	-16.3%	96.30	10122026	115.11	6222026	112
IGOV	iShares International Treasury Bond ETF	-6.4%	39.58	10122026	42.27	5102026	155
TLT	iShares 20+ Year Treasury Bond ETF	-9.4%	78.05	10122026	86.10	6292026	105
VGLT	Vanguard Long-Term Treasury ETF	-8.5%	50.23	10122026	54.89	6292026	105
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-8.5%	23.90	10122026	26.13	6292026	105
TLH	iShares 10-20 Year Treasury Bond ETF	-7.5%	92.25	10122026	99.78	6292026	105
EDV	Vanguard World Funds Extended Duration ETF	-14.3%	55.30	10122026	64.54	6242026	110
VCLT	Vanguard Long-Term Corporate Bond ETF	-7.5%	68.87	10122026	74.47	6292026	105
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-7.6%	20.49	10122026	22.18	6292026	105
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	-7.4%	45.87	10122026	49.56	6292026	105
MUB	iShares National Muni Bond ETF	-5.2%	101.16	10122026	106.69	7062026	98
VTEB	Vanguard Tax-Exempt Bond Index Fund	-5.4%	47.38	10122026	50.10	7062026	98
TFI	State Street SPDR Nuveen ICE Municipal Bond ETF	-5.6%	42.77	10122026	45.31	7052026	99
ITM	VanEck Intermediate Muni ETF	-5.1%	44.26	10122026	46.65	7062026	98
LMUB	iShares Long-Term National Muni Bond ETF	-8.4%	46.40	10122026	50.63	7052026	99
GLD	SPDR Gold Trust	-14.3%	382.15	10122026	445.93	4192026	176
IAU	iShares Gold Trust	-14.2%	78.34	10122026	91.34	4192026	176
GLDM	SPDR Gold MiniShares Trust	-14.1%	82.47	10122026	96.04	4192026	176
SLV	iShares Silver Trust	-31.5%	54.35	10122026	79.35	5132026	152
PPLT	ETFS Physical Platinum Shares	-21.9%	15.27	10122026	19.55	5132026	152
PALL	ETFS Physical Palladium Shares	-28.7%	20.61	10122026	28.89	4142026	181
USO	United States Oil Fund LP	-6.7%	151.03	10122026	161.86	9152026	27
UNG	United States Natural Gas Fund LP	-9.9%	10.92	10122026	12.12	6042026	130
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	10122026	60.13	5042026	161
VNQ	Vanguard Real Estate ETF	-8.7%	91.36	10122026	100.08	7282026	76
XLRE	State Street Real Estate Select Sector SPDR ETF	-8.9%	41.92	10122026	46.01	7282026	76
SCHH	Schwab U.S. REIT ETF	-9.8%	22.43	10122026	24.86	7262026	78
IYR	iShares U.S. Real Estate ETF	-9.7%	96.86	10122026	107.26	7282026	76
REET	iShares Global REIT ETF	-10.6%	25.84	10122026	28.89	7262026	78
USRT	iShares Core U.S. REIT ETF	-11.1%	62.06	10122026	69.82	7262026	78
ETHA	iShares Ethereum Trust ETF	-5.8%	56.95	10122026	60.45	9282026	14

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-10-09

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$20.4B), followed by Bond (+$8.3B), while Crypto (−$891M) and Commodity (−$507M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$8.0B) and out of Industry Subsector (−$1.5B).
Relative to fund size, CNEQ drew the largest inflow (+29.8% of AUM) and EWS the largest outflow (−14.5%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$4.31B	+2.4%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$3.17B	+0.4%
3	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$2.45B	+0.2%
4	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	+$2.0B	+16.6%
5	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$1.99B	+0.4%
6	ARKK	ARK Innovation ETF	Equity Thematic	+$1.76B	+21.7% ⚠
7	MUB	iShares National Muni Bond ETF	Bond Municipal	+$1.54B	+3.2%
8	RSP	Invesco S&P 500 Equal Weight ETF	Equity Factor Smart Beta	+$1.52B	+1.6%
9	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$1.27B	+0.2%
10	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	+$1.21B	+4.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$1.08B	+29.8%
2	ARKK	ARK Innovation ETF	Equity Thematic	+$1.76B	+21.7% ⚠
3	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	+$2.0B	+16.6%
4	BKLC	BNY Mellon US Large Cap Core Equity ETF	Other	+$817M	+13.8%
5	MSTY	YieldMax MSTR Option Income Strategy ETF	Other	+$120M	+11.0%
6	AIS	VistaShares Artificial Intelligence Supercycle ETF	Other	+$102M	+8.3%
7	VSDM	Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF	Other	+$100M	+7.9%
8	CERY	State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	Other	+$87M	+7.8%
9	ALAI	Alger AI Enablers & Adopters ETF	Other	+$98M	+7.0%
10	EWG	iShares MSCI Germany ETF	Other	+$98M	+6.8%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$2.07B	-0.2%
2	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$1.63B	-2.2%
3	IQMM	ProShares - GENIUS Money Market ETF	Other	-$1.21B	-6.3%
4	VO	Vanguard Morningstar Mid-Cap ETF	Equity US Mid Cap Core	-$1.03B	-1.0%
5	IYW	iShares U.S. Technology ETF	Other	-$815M	-3.1%
6	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$569M	-3.2%
7	DRAM	Roundhill Memory ETF	Other	-$511M	-2.1%
8	VXF	Vanguard Extended Market ETF	Other	-$474M	-1.6%
9	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$463M	-1.0%
10	ETHA	iShares Ethereum Trust ETF	Crypto	-$455M	-5.1%

#	Ticker	Name	Type	Net flow	% of AUM
1	EWS	iShares MSCI Singapore ETF	Other	-$216M	-14.5%
2	ARKW	ARK Next Generation Internet ETF	Equity Thematic	-$291M	-13.5%
3	IWX	iShares Russell Top 200 Value ETF	Other	-$375M	-11.3%
4	TBLL	Invesco Short Term Treasury ETF	Other	-$222M	-8.3%
5	IYK	iShares U.S. Consumer Staples ETF	Other	-$106M	-6.5%
6	IQMM	ProShares - GENIUS Money Market ETF	Other	-$1.21B	-6.3%
7	MTBA	Simplify MBS ETF	Other	-$62M	-6.2%
8	FTXR	First Trust Nasdaq Transportation ETF	Other	-$58M	-5.6%
9	BKAG	BNY Mellon Core Bond ETF	Other	-$82M	-5.4%
10	ETHA	iShares Ethereum Trust ETF	Crypto	-$455M	-5.1%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$57.0B), followed by Bond (+$34.2B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$23.4B) and out of Factor Smart Beta (−$3.8B).
Relative to fund size, CNEQ drew the largest inflow (+43.3% of AUM) and BKAG the largest outflow (−38.6%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$54.04B	+6.1%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$11.93B	+6.8%
3	IUSB	iShares Core Universal USD Bond ETF	Bond Core Plus Multisector	+$5.88B	+12.3%
4	MUB	iShares National Muni Bond ETF	Bond Municipal	+$5.74B	+12.5%
5	VTEB	Vanguard Tax-Exempt Bond ETF	Bond Municipal	+$5.65B	+12.0%
6	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$5.63B	+34.0%
7	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$5.28B	+0.8%
8	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.96B	+38.7%
9	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$4.75B	+4.2%
10	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	+$3.49B	+7.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$1.38B	+43.3%
2	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$1.29B	+39.3%
3	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.96B	+38.7%
4	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$5.63B	+34.0%
5	BLCR	iShares Large Cap Core Active ETF	Other	+$2.75B	+30.1%
6	VSDM	Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF	Other	+$312M	+28.0%
7	VCRM	Vanguard Core Tax-Exempt Bond E	Other	+$530M	+25.9%
8	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	+$2.23B	+25.7%
9	GGOV	iShares Global Government Bond USD Hedged Active ETF	Bond International	+$1.01B	+25.3%
10	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	+$293M	+24.2%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$42.52B	-4.0%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$5.37B	-25.9%
3	MBB	iShares MBS ETF	Bond Mortgage Backed	-$2.67B	-7.2%
4	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$1.9B	-7.2%
5	IQMM	ProShares - GENIUS Money Market ETF	Other	-$1.62B	-8.0%
6	DRAM	Roundhill Memory ETF	Other	-$1.49B	-5.7%
7	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	-$1.42B	-5.4%
8	EFG	iShares MSCI EAFE Growth ETF	Other	-$1.36B	-8.9%
9	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$1.29B	-1.7%
10	PBUS	Invesco MSCI USA ETF	Other	-$1.01B	-8.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	BKAG	BNY Mellon Core Bond ETF	Other	-$926M	-38.6%
2	MTBA	Simplify MBS ETF	Other	-$418M	-38.2%
3	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$5.37B	-25.9%
4	QTEC	First Trust NASDAQ-100-Technology Sector Index Fund	Other	-$842M	-19.4%
5	SCMB	Schwab Municipal Bond ETF	Other	-$567M	-18.1%
6	CTA	Simplify Managed Futures Strategy ETF	Other	-$191M	-14.1%
7	IWX	iShares Russell Top 200 Value ETF	Other	-$541M	-14.1%
8	IGOV	iShares International Treasury Bond ETF	Bond International	-$182M	-13.9%
9	EWW	iShares MSCI Mexico ETF	Other	-$213M	-13.7%
10	IDEF	iShares Defense Industrials Act	Other	-$490M	-12.8%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$145.4B), followed by Bond (+$65.1B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$34.1B) and out of Intermediate Treasury (−$4.1B).
Relative to fund size, CNEQ drew the largest inflow (+162.4% of AUM) and FTXL the largest outflow (−69.7%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$27.52B	+2.6%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$18.19B	+10.7%
3	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$16.53B	+2.4%
4	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$16.36B	+15.5%
5	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$13.31B	+1.6%
6	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$10.07B	+9.2%
7	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$9.44B	+20.4%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$7.97B	+7.7%
9	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$7.9B	+4.9%
10	IUSB	iShares Core Universal USD Bond ETF	Bond Core Plus Multisector	+$7.49B	+17.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$3.36B	+162.4%
2	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$1.87B	+79.6%
3	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.31B	+75.7%
4	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$1.25B	+74.8% ⚠
5	BFLX	iShares Flexible Equity Active ETF	Other	+$1.41B	+68.2%
6	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$5.46B	+65.6%
7	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$858M	+54.9%
8	XAGG	Morgan Stanley ETF Trust - Eaton Vance Strategic Income Opportunities ETF	Other	+$763M	+53.3%
9	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$6.29B	+50.9%
10	BLCR	iShares Large Cap Core Active ETF	Other	+$3.13B	+46.6%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$24.93B	-2.8%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$6.71B	-27.1%
3	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$5.75B	-17.6%
4	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$3.58B	-8.4%
5	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$2.46B	-8.6%
6	MBB	iShares MBS ETF	Bond Mortgage Backed	-$2.02B	-5.2%
7	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$1.7B	-12.1%
8	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$1.57B	-1.3%
9	JNK	State Street SPDR Bloomberg High Yield Bond ETF	Bond High Yield Corporate	-$1.43B	-20.9%
10	EFG	iShares MSCI EAFE Growth ETF	Other	-$1.36B	-8.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$928M	-69.7%
2	USO	United States Oil Fund, LP	Commodity Energy	-$841M	-42.0%
3	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$773M	-41.5%
4	TAN	Invesco Solar ETF	Other	-$423M	-36.4%
5	MTBA	Simplify MBS ETF	Other	-$516M	-35.6%
6	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$607M	-34.2%
7	RSPN	Invesco S&P 500 Equal Weight Industrials ETF	Other	-$336M	-31.9%
8	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$336M	-27.2%
9	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$6.71B	-27.1%
10	BKAG	BNY Mellon Core Bond ETF	Other	-$593M	-26.4%

Largest ETF fund flows across ~2642 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About ONEQ

Holdings Count: 1046
Expense Ratio: 0.21%
Inception Date: 2003-09-25

Fidelity Nasdaq Composite Index ETF
Reflects the investment results of the Nasdaq Composite Index.
Asset Class: Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FIGS	FIGS	3.0	12.4%	56.2%
FICO	Fair Isaac	16.8	10.8%	-56.2%
CCC	CCC Intelligent Solutions	4.4	8.1%	-4.5%
WLYB	John Wiley & Sons	2.6	7.7%	71.0%
HELE	Helen Of Troy	0.7	7.5%	34.1%
ALHC	Alignment Healthcare	1.7	7.2%	-59.0%
TRAX	First Tracks Biotherapeutics	1.2	6.9%	83.1%
VSXY	Victoria's Secret	7.1	6.9%	63.5%
CBLL	CeriBell	1.0	6.9%	15.2%
DHT	DHT	4.2	6.4%	143.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
CTNM	Contineum Therapeutics	0.3	-36.0%	-25.1%
FMCC	Federal Home Loan Mortgage	10.2	-14.4%	-68.9%
FNMA	Federal National Mortgage Association...	20.4	-14.2%	-67.7%
SECZ	Securitize	1.8	-14.2%	-3.6%
TMC	TMC The Metals	1.2	-14.2%	-53.3%
CBRS	Cerebras Systems	22.1	-10.7%	-52.9%
AEVA	Aeva Technologies	0.8	-10.6%	-8.1%
INDI	Indie Semiconductor	0.5	-10.6%	-34.1%
BRUN	Boost Run	0.7	-10.5%	-43.8%
XNDU	Xanadu Quantum Technologies	1.0	-10.5%	-69.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PCRX	Pacira BioSciences	1.4	45.1%	40.5%
OPCH	Option Care Health	4.8	33.1%	-2.4%
PENG	Penguin Solutions	4.0	30.4%	304.7%
FIGS	FIGS	3.0	30.2%	56.2%
HPK	HighPeak Energy	1.2	20.0%	104.9%
CCI	Crown Castle	35.1	19.9%	-5.3%
WING	Wingstop	3.4	18.0%	-46.8%
SEZL	Sezzle	4.4	17.7%	105.6%
HAE	Haemonetics	5.5	16.6%	52.3%
SNAP	Snap	10.9	16.4%	-19.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
AVBP	ArriVent BioPharma	0.8	-42.2%	-18.2%
ALMR	Alamar Biosciences	1.4	-36.4%	10.2%
CTNM	Contineum Therapeutics	0.3	-32.7%	-25.1%
AXTI	AXT	3.8	-28.5%	279.1%
EMAT	Evolution Metals & Technologies	0.9	-28.5%	-93.1%
NUAI	New Era Energy & Digital	0.4	-28.3%	48.1%
EOSE	Eos Energy Enterprises	0.8	-26.9%	-79.1%
PACB	Pacific Biosciences of California	0.7	-26.8%	12.3%
ANGO	AngioDynamics	0.5	-26.6%	-11.2%
TWST	Twist Bioscience	9.5	-25.9%	378.8%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MYPS	PLAYSTUDIOS	0.5	761.5%	548.8%
KOD	Kodiak Sciences	6.2	201.8%	255.0%
GRAL	GRAIL	5.9	80.2%	60.5%
DNA	Ginkgo Bioworks	0.7	74.7%	41.9%
IOVA	Iovance Biotherapeutics	6.6	69.3%	433.3%
PACB	Pacific Biosciences of California	0.7	61.5%	12.3%
P	Everpure	51.7	58.2%	131.9%
PENG	Penguin Solutions	4.0	54.7%	304.7%
BALY	Ballys	0.8	52.6%	-15.3%
PTC	PTC	22.3	48.6%	11.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CTVA	Corteva	8.9	-84.1%	-80.0%
XNDU	Xanadu Quantum Technologies	1.0	-59.5%	-69.7%
LQDA	Liquidia	2.5	-58.5%	-19.8%
EMAT	Evolution Metals & Technologies	0.9	-52.3%	-93.1%
QURE	uniQure	1.4	-50.9%	-8.7%
GLAS	Glass House Brands	0.4	-48.5%	-53.9%
AVBP	ArriVent BioPharma	0.8	-43.2%	-18.2%
NKTR	Nektar Therapeutics	1.3	-42.9%	-5.8%
CTNM	Contineum Therapeutics	0.3	-42.2%	-25.1%
FRMI	Fermi	2.1	-40.9%	-59.4%

Peer Comparisons

Peers to compare with:

Profile

	ONEQ	QQQ	QQQM	QQEW	Median
Name	Fidelity N.	Invesco QQ.	Invesco NA.	First Trus.
Asset Class	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	10.8	508.4	111.7	1.9	61.2
Expense Ratio	0.21%	0.18%	0.15%	0.55%	0.19%
10-D Avg Volume (Mil)	0.31	39.43	3.41	0.04	1.86
Latest Day Volume (Mil)	0.15	21.16	1.62	0.03	0.89
Holdings Count	1,046	102	103	50	102
Inception Date	9/25/2003	3/10/1999	10/13/2020	4/19/2006	-

Fundamentals

	ONEQ	QQQ	QQQM	QQEW	Median
Name	Fidelity N.	Invesco QQ.	Invesco NA.	First Trus.
Net Asset Value	108.25	755.90	308.55	163.63	-
Premium/Discount	-0.8%	-1.3%	-0.4%	-1.0%	-0.9%
Distribution Yield	0.5%	0.4%	0.4%	0.3%	0.4%
Sales Yield	17.3%	14.8%	14.9%	-	14.9%
Earnings Yield	3.3%	3.1%	3.1%	-	3.1%

Valuation

	ONEQ	QQQ	QQQM	QQEW	Median
Name	Fidelity N.	Invesco QQ.	Invesco NA.	First Trus.
P/S (TTM)	5.8x	6.8x	6.7x	-	6.7x
P/E (TTM)	30.4x	32.6x	32.8x	-	32.6x
P/FCF (TTM)	53.6x	49.4x	49.7x	-	49.7x
Forward P/E	21.6x	20.8x	21.1x	-	21.1x
Forward P/S	4.7x	5.3x	5.2x	-	5.2x

Risk

	ONEQ	QQQ	QQQM	QQEW	Median
Name	Fidelity N.	Invesco QQ.	Invesco NA.	First Trus.
Volatility (1Y)	18.6%	20.0%	19.8%	19.2%	19.5%
Volatility (3Y)	20.2%	20.4%	20.2%	18.6%	20.2%
Volatility (5Y)	22.5%	22.9%	22.8%	21.1%	22.6%
Beta (1Y)	1.37	1.42	1.41	1.23	1.39
Beta (3Y)	1.30	1.29	1.28	1.13	1.29
Beta (5Y)	1.27	1.29	1.28	1.16	1.28
Sharpe Ratio (1Y)	1.04	1.12	1.13	0.75	1.08
Sharpe Ratio (3Y)	1.32	1.32	1.34	0.93	1.32
Sharpe Ratio (5Y)	0.73	0.79	0.80	0.50	0.76
Max Drawdown (1Y)	-12.8%	-12.0%	-12.0%	-15.8%	-12.4%
Max Drawdown (3Y)	-24.1%	-22.8%	-22.7%	-21.4%	-22.7%
Max Drawdown (5Y)	-35.2%	-35.1%	-35.0%	-32.1%	-35.1%

Returns

	ONEQ	QQQ	QQQM	QQEW	Median
Name	Fidelity N.	Invesco QQ.	Invesco NA.	First Trus.
1M Return	3.4%	4.4%	4.3%	3.0%	3.9%
3M Return	4.4%	3.7%	3.7%	2.9%	3.7%
6M Return	17.8%	21.0%	21.0%	24.1%	21.0%
YTD Return	17.8%	21.7%	21.8%	14.0%	19.8%
1Y Return	19.2%	22.6%	22.7%	13.5%	20.9%
2Y Return	53.3%	56.2%	56.3%	30.9%	54.7%
3Y Return	109.8%	111.3%	111.8%	60.2%	110.5%

Short Interest

Short Interest: As Of Date	9302026
Short Interest: Shares Quantity	0.1 Mil
Short Interest: % Change Since 9152026	-2.5%
Average Daily Volume	0.2 Mil
Days-to-Cover Short Interest	1

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Fidelity Nasdaq Composite Index ETF (ONEQ)

Market Price (10/13/2026): $107.36

Fidelity Nasdaq Composite Index ETF (ONEQ)

Market Price (10/13/2026): $107.36

Key Takeaways

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Valuation & Yield

Top 20 Holdings for ONEQ

Performance for ONEQ Top Holdings

Guidance Updates for ONEQ Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

ONEQ Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

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