Fidelity Nasdaq Composite Index Tracking Stock
ALTAR
Score™
2.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
40.9x P/Sales
ratio
3.8x
P/BV
ratio
5.1x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Fidelity NASDAQ Composite Index Tracking Stock ETF is an exchange traded fund incorporated in the USA. The Fund seeks to provide investment returns that closely correspond to the price and yield performance of the NASDAQ Composite Index.

FUND BASICS
Category US Equities
Fund Sponsor Fidelity Management & Research/USA
Website www.fidelity.com
Inception date Oct 01, 2003
Assets (mns) $2,808
Currency USD
Expense ratio 21 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian JPMorgan Chase Bank
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1010
Wgt avg mkt cap (mns) $593,333
Large cap (>$10bn) 85.3%
Mid cap ($2-10bn) 10.4%
Small cap (<$2bn) 4.3%
Developed mkts 98.3%
Emerging mkts 1.7%

TOP TEN HOLDINGS
APPLE INC 10.5 %
MICROSOFT CORP 10.2 %
AMAZON.COM INC 10.0 %
FACEBOOK 3.7 %
ALPHABET INC. CLASS C 3.3 %
ALPHABET INC. CLASS A 2.9 %
TESLA MOTORS INC 1.8 %
NVIDIA CORP 1.6 %
INTEL CORP 1.6 %
NETFLIX INC 1.5 %
Total 47.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.9 %
CHINA 1.5 %
BRITAIN 0.6 %
NETHERLANDS 0.6 %
ISRAEL 0.4 %
IRELAND 0.4 %
BERMUDA 0.3 %
ARGENTINA 0.3 %
CANADA 0.3 %
SWITZERLAND 0.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
12.5% 26.7% 16.2% 18.1% 11.4%

Market Correlations
versus... Beta R-squared
S&P500 1.08 93%
MSCI EAFE 1.03 73%
MSCI Emg. Mkts. 0.77 64%

Technical Indicators
Recent close $405.21
30d moving avg. $388.73
Annualized volatility 19.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.5%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 58
Turnover 0.8%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $189,828

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Fidelity Nasdaq Composite Index Tracking Stock ETF based on the alternatives' overlap in portfolio holdings with ONEQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ONEQ Expense: 21 bp ALTAR Score™: 2.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ONEQ
Ticker Fund
Name
Overlap1
vs ONEQ
(%)
Expense
ratio
(bp)
Savings
vs ONEQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs ONEQ
(%)
QQQ Invesco QQQ Trust 77.4 20 1 3.8 +0.9
QYLD Global X NASDAQ 100 Covered Call ETF 77.4 60 -39 3.5 +0.6
NUSI Nationwide Risk-Managed Income ETF 77.4 68 -47 3.5 +0.6
IWF iShares Russell 1000 Growth ETF 65.4 19 2 4.1 +1.2
VUG Vanguard Growth Index Fund 63.7 4 17 4.0 +1.1
IETC iShares Evolved U.S. Technology ETF 61.8 18 3 3.8 +0.9
VOOG Vanguard S&P 500 Growth ETF 61.6 10 11 4.2 +1.3
VONG Vanguard Russell 1000 Growth Index Fund 61.5 8 13 4.2 +1.3
SPYG SPDR Portfolio S&P 500 Growth ETF 61.3 4 17 4.3 +1.4
IVW iShares S&P 500 Growth ETF 61.3 18 3 4.2 +1.3
SCHG Schwab U.S. Large-Cap Growth ETF 61.2 4 17 4.1 +1.2
MGK Vanguard Mega Cap Growth ETF 61.0 7 14 4.1 +1.2
IUSG iShares Core S&P US Growth ETF 60.5 4 17 4.3 +1.4
IWY iShares Russell Top 200 Growth ETF 60.1 20 1 4.1 +1.2
IGM iShares Expanded Tech Sector ETF 59.8 46 -25 3.8 +0.9
TMFC Motley Fool 100 Index ETF 59.1 50 -29 3.7 +0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 56.9 60 -39 4.4 +1.5
XLG Invesco S&P 500 Top 50 ETF 53.0 20 1 4.4 +1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 53.0 12 9 4.9 +2.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 52.1 49 -28 4.1 +1.2
IQSU IQ Candriam ESG US Equity ETF 51.2 9 12 5.1 +2.2
ESGV Vanguard ESG U.S. Stock ETF 50.6 12 9 5.2 +2.3
OEF iShares S&P 100 ETF 49.9 20 1 4.8 +1.9
SPXN ProShares S&P 500 Ex-Financials ETF 48.4 27 -6 5.0 +2.1
IYW iShares U.S. Technology ETF 47.7 42 -21 4.0 +1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 47.7 27 -6 5.0 +2.1
IWL iShares Russell Top 200 ETF 47.5 15 6 5.0 +2.1
SNPE Xtrackers S&P 500 ESG ETF 47.0 11 10 5.1 +2.2
BKLC BNY Mellon US Large Cap Core Equity ETF 46.5 0 21 5.2 +2.3
MGC Vanguard Mega Cap Index Fund 45.6 7 14 5.2 +2.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 45.2 7 14 5.2 +2.3
SPXE ProShares S&P 500 Ex-Energy ETF 44.8 27 -6 5.3 +2.4
PBP Invesco S&P 500 BuyWrite ETF 44.8 49 -28 5.0 +2.1
SYG SPDR MFS Systematic Growth Equity ETF 44.7 60 -39 4.3 +1.4
CATH Global X S&P 500 Catholic Values Custom ETF 44.7 29 -8 5.2 +2.3
PBUS Invesco PureBeta MSCI USA ETF 44.7 4 17 5.3 +2.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 44.5 20 1 5.4 +2.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 44.4 20 1 5.0 +2.1
ESG FlexShares STOXX US ESG Impact Index Fund 44.4 32 -11 5.1 +2.2
HSPX Global X S&P 500 Covered Call ETF 44.3 65 -44 4.9 +2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 44.2 2 19 5.3 +2.4
VEGN US Vegan Climate ETF 44.2 60 -39 5.2 +2.3
SCHX Schwab U.S. Large-Cap ETF 44.0 3 18 5.3 +2.4
DSI iShares MSCI KLD 400 Social ETF 44.0 25 -4 5.1 +2.3
SCHB Schwab U.S. Broad Market ETF 44.0 3 18 5.3 +2.4
SCHK Schwab 1000 Index ETF 44.0 5 16 5.3 +2.4
IWV iShares Russell 3000 ETF 43.9 20 1 5.1 +2.2
VV Vanguard Large-Cap Index Fund 43.9 4 17 5.3 +2.4
IWB iShares Russell 1000 ETF 43.9 15 6 5.2 +2.3
VTHR Vanguard Russell 3000 Index Fund 43.9 10 11 5.1 +2.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 43.8 3 18 5.2 +2.3
IYY iShares Dow Jones U.S. ETF 43.8 20 1 5.2 +2.3
SPY SPDR S&P 500 ETF Trust 43.7 9 12 5.4 +2.5
VONE Vanguard Russell 1000 ETF 43.7 8 13 5.3 +2.4
VOO VANGUARD S&P 500 ETF 43.7 3 18 5.4 +2.5
SPLG SPDR Portfolio Large Cap ETF 43.7 3 18 5.4 +2.5
IVV iShares Core S&P 500 ETF 43.6 4 17 5.4 +2.5
VTI Vanguard Total Stock Market Index Fund 43.5 3 18 5.2 +2.3
ESGU iShares MSCI USA ESG Optimized ETF 43.4 15 6 5.1 +2.2
SPTM SPDR Portfolio Total Stock Market ETF 43.3 3 18 5.5 +2.6
AVUS Avantis U.S. Equity ETF 41.7 15 6 5.8 +2.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 41.7 15 6 4.1 +1.2
FTEC Fidelity MSCI Information Technology Index ETF 41.2 8 13 4.6 +1.7
VGT Vanguard Information Technology Index Fund 41.2 10 11 4.6 +1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 41.1 9 12 5.6 +2.7
SFY SoFi Select 500 ETF 40.2 0 21 5.2 +2.3
IOO iShares Global 100 ETF 39.9 40 -19 4.7 +1.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 39.1 59 -38 4.2 +1.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 39.1 35 -14 4.4 +1.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 39.0 75 -54 3.8 +0.9
EXT WisdomTree U.S. Total Earnings Fund 38.7 28 -7 5.2 +2.4
STLG iShares Factors US Growth Style ETF 38.5 25 -4 3.7 +0.8
RECS Columbia Research Enhanced Core ETF 38.4 15 6 5.7 +2.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 38.1 10 11 5.3 +2.4
SUSL iShares ESG MSCI USA Leaders ETF 38.1 10 11 5.3 +2.4
NACP Impact Shares NAACP Minority Empowerment ETF 37.9 75 -54 4.5 +1.6
HIPR Direxion High Growth ETF 37.6 40 -19 2.8 -0.1
JHML John Hancock Multifactor Large Cap ETF 37.6 29 -8 5.6 +2.7
SFYF SoFi 50 ETF 36.8 29 -8 5.1 +2.2
TECB iShares US Tech Breakthrough Multisector ETF 36.6 40 -19 4.0 +1.1
LRGE ClearBridge Large Cap Growth ESG ETF 36.6 59 -38 3.8 +0.9
IXN iShares Global Tech ETF 36.4 46 -25 4.5 +1.6
SYE SPDR MFS Systematic Core Equity ETF 36.4 60 -39 5.6 +2.7
XLK Technology Select Sector SPDR Fund 36.3 13 8 4.7 +1.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 36.3 19 2 5.7 +2.8
FDMO Fidelity Momentum Factor ETF 36.3 29 -8 3.8 +0.9
EPS WisdomTree U.S. Earnings 500 Fund 36.0 8 13 6.5 +3.6
JKE iShares Morningstar Large-Cap Growth ETF 35.9 25 -4 2.8 -0.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 35.7 15 6 6.2 +3.3
WOMN Impact Shares YWCA Women's Empowerment ETF 35.4 75 -54 4.5 +1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 34.6 25 -4 6.7 +3.8
JOYY Infusive Compounding Global Equities ETF 33.3 50 -29 3.8 +0.9
ESGG FlexShares STOXX Global ESG Impact Index Fund 33.2 42 -21 5.4 +2.5
ADME Aptus Drawdown Managed Equity ETF 33.0 81 -60 3.6 +0.7
SUSA iShares MSCI USA ESG Select ETF 32.2 25 -4 4.8 +1.9
QUS SPDR MSCI USA StrategicFactors ETF 32.1 15 6 5.9 +3.0
AFLG First Trust Active Factor Large Cap ETF 32.1 55 -34 5.6 +2.7
FVAL Fidelity Value Factor ETF 32.0 29 -8 8.0 +5.1
SPMO Invesco S&P 500 Momentum ETF 32.0 13 8 4.4 +1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 31.9 9 12 5.7 +2.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Fidelity Nasdaq Composite Index Tracking Stock
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.8 %
Divided by: Fwd. P/BV 4.8 x
Less: Expense ratio 21 bp
Equals: ALTAR Score 2.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.