(ONEQ) Fidelity Nasdaq Composite - Ratings and Ratios

The Fidelity® Nasdaq Composite Index® ETF (NASDAQ:ONEQ) offers a straightforward way to gain exposure to the Nasdaq Composite Index, a benchmark known for its heavy weighting in technology and growth companies. By investing at least 80% of its assets in common stocks from the index, ONEQ provides a diversified portfolio that closely mirrors the performance of the Nasdaq Composite.

The fund employs statistical sampling techniques, which involve selecting a subset of securities that collectively represent the entire index. This approach considers factors such as market capitalization, industry exposure, dividend yield, and various valuation metrics like P/E and P/B ratios. Think of it like recreating a complex recipe with a few key ingredients to achieve a similar flavor profile.

ONEQ is listed on the NASDAQ exchange under the ticker symbol ONEQ and is classified as a Large Growth ETF. Its domicile is in the United States, and as of recent data, it has an AUM of approximately $7.7 billion. While specific metrics like P/E, P/B, and P/S are not available, the funds size indicates significant investor interest and liquidity.

For investors seeking broad exposure to the Nasdaq Composite Index with the efficiency of an ETF, ONEQ serves as a cost-effective solution. It allows investors to tap into a wide range of companies, primarily in the technology sector, without the need for individual stock selection.