Fidelity Nasdaq Composite Index Tracking Stock
ALTAR
Score™
3.6% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
33.9x P/Sales
ratio
3.6x
P/BV
ratio
4.8x Div.
yield
1.0%


  • 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) $2,916
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 1009
Wgt avg mkt cap (mns) $472,760
Large cap (>$10bn) 83.2%
Mid cap ($2-10bn) 11.4%
Small cap (<$2bn) 4.4%
Developed mkts 98.0%
Emerging mkts 2.0%

TOP TEN HOLDINGS
MICROSOFT CORP 9.5 %
AMAZON.COM INC 9.3 %
FACEBOOK 3.7 %
ALPHABET INC. CLASS C 3.0 %
APPLE INC 2.9 %
ALPHABET INC. CLASS A 2.6 %
NVIDIA CORP 1.9 %
ADOBE SYSTEMS INC 1.4 %
PAYPAL HOLDINGS INC 1.3 %
NETFLIX INC 1.3 %
Total 36.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 83.9 %
CHINA 1.6 %
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 August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
32.2% 49.6% 21.0% 20.0% 12.3%

Market Correlations
versus... Beta R-squared
S&P500 1.09 93%
MSCI EAFE 1.06 74%
MSCI Emg. Mkts. 0.78 63%

Technical Indicators
Recent close $413.00
30d moving avg. $437.77
Annualized volatility 19.9%
Short interest (ETF) 0.2%
Short interest (Underlying) 3.5%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 65
Turnover 0.9%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $15,732

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™: 3.6%


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 66.3 20 1 6.0 +2.3
QYLD Global X NASDAQ 100 Covered Call ETF 66.3 60 -39 5.6 +1.9
NUSI Nationwide Risk-Managed Income ETF 66.3 68 -47 5.5 +1.9
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 66.3 60 -39 5.5 +1.9
IWF iShares Russell 1000 Growth ETF 55.7 19 2 5.7 +2.1
VONG Vanguard Russell 1000 Growth Index Fund 54.4 8 13 5.8 +2.2
VUG Vanguard Growth Index Fund 53.3 4 17 5.7 +2.1
VOOG Vanguard S&P 500 Growth ETF 53.0 10 11 6.0 +2.3
IVW iShares S&P 500 Growth ETF 52.2 18 3 5.9 +2.3
IUSG iShares Core S&P US Growth ETF 51.9 4 17 6.0 +2.3
IGM iShares Expanded Tech Sector ETF 51.8 46 -25 5.5 +1.8
IETC iShares Evolved U.S. Technology ETF 51.6 18 3 6.1 +2.5
SPYG SPDR Portfolio S&P 500 Growth ETF 51.4 4 17 6.0 +2.4
MGK Vanguard Mega Cap Growth ETF 50.6 7 14 6.3 +2.7
IWY iShares Russell Top 200 Growth ETF 49.6 20 1 6.3 +2.7
ESGV Vanguard ESG U.S. Stock ETF 49.0 12 9 6.0 +2.4
TMFC Motley Fool 100 Index ETF 48.4 50 -29 5.4 +1.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 48.4 12 9 6.4 +2.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 48.3 60 -39 5.5 +1.9
SCHG Schwab U.S. Large-Cap Growth ETF 45.9 4 17 5.7 +2.1
XLG Invesco S&P 500 Top 50 ETF 43.3 20 1 6.0 +2.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 42.8 49 -28 5.8 +2.2
SPXN ProShares S&P 500 Ex-Financials ETF 42.6 27 -6 5.9 +2.3
IQSU IQ Candriam ESG US Equity ETF 42.2 9 12 6.3 +2.7
OEF iShares S&P 100 ETF 42.2 20 1 6.0 +2.4
SPXV ProShares S&P 500 Ex-Health Care ETF 41.9 27 -6 5.9 +2.3
DSI iShares MSCI KLD 400 Social ETF 41.4 25 -4 5.2 +1.6
IWL iShares Russell Top 200 ETF 41.2 15 6 5.9 +2.3
VTHR Vanguard Russell 3000 Index Fund 41.1 10 11 5.8 +2.1
BKLC BNY Mellon US Large Cap Core Equity ETF 41.0 0 21 6.2 +2.5
SCHB Schwab U.S. Broad Market ETF 40.5 3 18 5.9 +2.3
GBGR Global Beta Momentum-Growth ETF 40.4 29 -8 4.5 +0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 40.4 3 18 5.9 +2.2
IWV iShares Russell 3000 ETF 40.4 20 1 5.7 +2.1
VEGN US Vegan Climate ETF 40.3 60 -39 5.9 +2.3
IWB iShares Russell 1000 ETF 40.1 15 6 5.9 +2.2
MGC Vanguard Mega Cap Index Fund 39.9 7 14 6.1 +2.5
IYY iShares Dow Jones U.S. ETF 39.9 20 1 5.9 +2.3
PBUS Invesco PureBeta MSCI USA ETF 39.9 4 17 6.1 +2.5
SNPE Xtrackers S&P 500 ESG ETF 39.8 10 11 6.2 +2.6
SCHK Schwab 1000 Index ETF 39.8 5 16 6.0 +2.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 39.7 7 14 6.1 +2.5
SCHX Schwab U.S. Large-Cap ETF 39.7 3 18 6.1 +2.4
CATH Global X S&P 500 Catholic Values Custom ETF 39.5 29 -8 6.1 +2.4
SPXE ProShares S&P 500 Ex-Energy ETF 39.5 27 -6 6.2 +2.5
VONE Vanguard Russell 1000 ETF 39.5 8 13 5.9 +2.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 39.3 20 1 5.8 +2.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 39.2 20 1 6.2 +2.6
SPTM SPDR Portfolio Total Stock Market ETF 39.2 3 18 6.3 +2.7
ESG FlexShares STOXX US ESG Impact Index Fund 39.1 32 -11 5.8 +2.2
XYLG Global X S&P 500 Covered Call & Growth ETF 39.1 60 -39 5.8 +2.2
VV Vanguard Large-Cap Index Fund 39.0 4 17 6.0 +2.4
SPY SPDR S&P 500 ETF Trust 39.0 9 12 6.2 +2.6
PBP Invesco S&P 500 BuyWrite ETF 38.9 49 -28 5.8 +2.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 38.9 9 12 6.3 +2.7
IYW iShares U.S. Technology ETF 38.9 43 -22 7.4 +3.8
VTI Vanguard Total Stock Market Index Fund 38.9 3 18 5.8 +2.1
ESGU iShares MSCI USA ESG Optimized ETF 38.8 15 6 5.9 +2.3
SPLG SPDR Portfolio Large Cap ETF 38.6 3 18 6.2 +2.6
HSPX Global X S&P 500 Covered Call ETF 38.6 60 -39 5.7 +2.1
VOO VANGUARD S&P 500 ETF 38.4 3 18 6.2 +2.6
IVV iShares Core S&P 500 ETF 38.4 3 18 6.3 +2.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 38.1 35 -14 4.6 +1.0
AVUS Avantis U.S. Equity ETF 37.7 15 6 6.3 +2.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 37.5 75 -54 4.2 +0.6
SYG SPDR MFS Systematic Growth Equity ETF 37.5 60 -39 5.5 +1.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 37.3 59 -38 4.4 +0.7
MTUM iShares Edge MSCI USA Momentum Factor ETF 36.5 15 6 5.2 +1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 36.4 2 19 6.1 +2.5
SFY SoFi Select 500 ETF 36.4 0 21 5.7 +2.1
SPQQ Siren Large Cap Blend Index ETF 36.1 20 1 5.3 +1.7
JHML John Hancock Multifactor Large Cap ETF 35.1 29 -8 6.1 +2.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 35.0 10 11 5.4 +1.8
SUSL iShares ESG MSCI USA Leaders ETF 35.0 10 11 5.4 +1.8
HIPR Direxion High Growth ETF 34.9 40 -19 7.1 +3.4
TECB iShares US Tech Breakthrough Multisector ETF 34.3 40 -19 4.9 +1.3
FDMO Fidelity Momentum Factor ETF 34.2 29 -8 4.3 +0.6
EXT WisdomTree U.S. Total Earnings Fund 33.8 28 -7 6.3 +2.6
STLG iShares Factors US Growth Style ETF 33.8 25 -4 6.3 +2.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 33.5 30 -9 6.8 +3.2
VGT Vanguard Information Technology Index Fund 33.0 10 11 8.2 +4.6
FTEC Fidelity MSCI Information Technology Index ETF 32.9 8 13 8.2 +4.6
JKE iShares Morningstar Large-Cap Growth ETF 32.8 25 -4 2.9 -0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 32.7 25 -4 7.0 +3.4
RECS Columbia Research Enhanced Core ETF 32.4 15 6 6.7 +3.1
SYE SPDR MFS Systematic Core Equity ETF 32.2 60 -39 6.8 +3.2
MMLG First Trust Multi-Manager Large Growth ETF 32.0 85 -64 2.7 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 31.5 8 13 7.4 +3.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 30.7 15 6 7.2 +3.5
QUS SPDR MSCI USA StrategicFactors ETF 30.6 15 6 6.3 +2.7
SFYF SoFi 50 ETF 30.5 29 -8 2.8 -0.8
LRGE ClearBridge Large Cap Growth ESG ETF 30.4 59 -38 4.6 +1.0
IOO iShares Global 100 ETF 30.2 40 -19 6.2 +2.6
JQUA JPMorgan U.S. Quality Factor ETF 29.9 12 9 5.8 +2.1
WOMN Impact Shares YWCA Women's Empowerment ETF 29.9 75 -54 5.3 +1.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 29.7 19 2 6.9 +3.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 29.6 42 -21 6.1 +2.5
SPXT ProShares S&P 500 Ex-Technology ETF 29.6 27 -6 5.7 +2.1
TOK iShares MSCI Kokusai ETF 29.5 25 -4 6.1 +2.5
JMOM JPMorgan U.S. Momentum Factor ETF 29.4 12 9 4.0 +0.4

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 16.5 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 21 bp
Equals: ALTAR Score 3.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 CATEGORY
AVERAGE
1.51
 
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.