ONEQ Is Down 10% in 2026 and Nvidia Holds the Key to What Comes Next

Fidelity Nasdaq Composite Index ETF (NASDAQ:ONEQ) is down 10% year-to-date through late March 2026, and the fund's heaviest positions are pulling in the same direction. For investors holding it as a long-term growth vehicle, two specific forces will likely determine whether this pullback deepens or reverses over the next 12 months. The fund's core purpose is straightforward: give investors a single, low-cost way to own the entire Nasdaq Composite, which spans over 1,000 companies across technology, commun ...