ONEQ Stock Summary and Trading Ideas (Fidelity Nasdaq Composite Index ETF | NASDAQ:ONEQ)

The investment seeks to provide investment returns that closely corresponds to the price and yield performance of the Nasdaq Composite index. The fund normally invests at least 80% of assets in common stocks included in the index. Advisor uses a sampling technique based on quantitative analytic procedures to create a portfolio of securities listed in the Index that have a similar investment profile to the entire Index. It uses statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the Nasdaq Composite Index that have a similar investment profile to the entire index. The fund may operate as a non-diversified fund, as defined under the Investment Company Act of 1940 (1940 Act), as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. The majority of companies listed on the NASDAQ Composite are technology companies, such as Apple, Microsoft, Facebook, Dell, Cisco, Oracle, and Intel.

Fidelity Nasdaq Composite Index ETF trades on the NASDAQ stock market under the symbol ONEQ.

As of March 5, 2025, ONEQ stock price climbed to $73.13 with 348,483 million shares trading.

ONEQ has a beta of 1.36, meaning it tends to be more sensitive to market movements. ONEQ has a correlation of 0.88 to the broad based SPY ETF.

ONEQ has a market cap of $7.32 billion. This is considered a Mid Cap stock.

In the last 3 years, ONEQ traded as high as $79.75 and as low as $39.52.

ONEQ has underperformed the market in the last year with a price return of +15.2% while the SPY ETF gained +15.2%. ONEQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.8% and -7.2%, respectively, while the SPY returned -3.7% and -4.6%, respectively.

ONEQ support price is $71.01 and resistance is $73.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ONEQ shares will trade within this expected range on the day.