For example, Apple (NasdaqGS: AAPL) is almost 9.8% of ONEQ’s weight. Microsoft has a weight of 5% in the ETF while Amazon (NasdaqGS: AMZN) garners a weight of almost 2.7%. Those stocks combine for almost 26% of QQQ’s weight.
Tech stocks account for 45.8% of ONEQ’s weight, well below the 55.8% QQQ allocates to that sector. The two ETFs have similar combined weights to consumer discretionary and healthcare names. Those sectors combine for 35.1% of ONEQ and 34.4% of QQQ.
Fidelity NASDAQ Composite Index ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Apple and QQQ.