ACWI vs QQQ: Holdings Overlap
iShares · 2308 holdings · $33.2B · as of 2026-04-30
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Holdings snapshots are 30 days apart (ACWI: 2026-04-30, QQQ: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are ACWI and QQQ?
iShares MSCI ACWI ETF (ACWI, by iShares) holds 2308 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 99 holdings in common, and by portfolio weight the two funds are 33.7% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 33.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 99ACWI holds 2308 · QQQ holds 101
- Weight in Shared Holdings
- ACWI 34%·QQQ 99%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ACWI
2209 of 2308 positions (66.0% of the fund) are not held by QQQ. Showing the top 30 by weight.
Only in QQQ
2 of 101 positions (0.8% of the fund) are not held by ACWI.
ASMLASML Holding N.V., New York Shares0.66%
ARMARM Holdings PLC, ADR0.12%
Sector Breakdown
| Sector | ACWI | QQQ |
|---|---|---|
| Information Technology | 28.2% | 49.7% |
| Communication Services | 8.8% | 16.0% |
| Financials | 15.5% | 0.2% |
| Consumer Discretionary | 8.7% | 12.6% |
| Industrials | 10.3% | 4.2% |
| Other Sectors | 24.1% | 17.2% |
| Unclassified | 4.1% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (4% of ACWI, 0% of QQQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWI | +3.2% | +14.8% | +25.0% | +20.4% | +11.3% | +12.8% | 1.39% |
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ACWI vs QQQ →
Shared Holdings(99)
The top 10 shared positions account for 69% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 4.88% | 8.68% | 4.88% |
|---|---|---|---|
 AAPLApple Inc. COM | 4.01% | 7.63% | 4.01% |
 MSFTMicrosoft Corp. COM | 2.90% | 5.63% | 2.90% |
 AMZNAmazon.com, Inc. COM | 2.57% | 4.58% | 2.57% |
 GOOGLAlphabet Inc. CAP STK CL A | 2.25% | 3.43% | 2.25% |
 AVGOBroadcom Inc COM | 1.89% | 3.01% | 1.89% |
 GOOGAlphabet Inc. CAP STK CL C | 1.87% | 3.20% | 1.87% |
 METAMeta Platforms, Inc., Class A | 1.34% | 3.46% | 1.34% |
 TSLATesla Inc COM | 1.09% | 3.80% | 1.09% |
 MUMicron Technology Inc. COM | 0.59% | 2.15% | 0.59% |
 AMDAdvanced Micro Devices Inc. COM | 0.58% | 1.88% | 0.58% |
 WMTWalmart Inc COM | 0.58% | 3.43% | 0.58% |
 COSTCostco Wholesale Corporation COM | 0.45% | 2.50% | 0.45% |
 INTCIntel Corporation COM | 0.43% | 1.25% | 0.43% |
 NFLXNetflix, Inc. COM | 0.40% | 2.30% | 0.40% |
 CSCOCisco Systems, Inc. COM | 0.36% | 1.73% | 0.36% |
 LRCXLam Research Corporation COM NEW | 0.33% | 1.51% | 0.33% |
 PLTRPalantir Technologies, Inc., Class A | 0.32% | 1.90% | 0.32% |
 AMATApplied Materials Inc. COM | 0.32% | 1.53% | 0.32% |
 TXNTexas Instruments Inc. COM | 0.26% | 1.00% | 0.26% |
 LINLinde PLC COM EUR0.001 | 0.23% | 1.30% | 0.23% |
 KLACKLA Corp. COM NEW | 0.23% | 1.09% | 0.23% |
 PEPPepsico Inc COM | 0.22% | 1.20% | 0.22% |
 ADIAnalog Devices Inc. COM | 0.20% | 0.88% | 0.20% |
 QCOMQUALCOMM Inc. COM | 0.19% | 0.78% | 0.19% |
Frequently Asked Questions
How much do ACWI and QQQ overlap?
ACWI and QQQ overlap by 33.7% of portfolio weight. They share 99 holdings (ACWI holds 2308 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWI and QQQ?
The two portfolios are 33.7% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of ACWI and QQQ?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 69% of the total overlap.
What does ACWI own that QQQ doesn't?
2209 positions (66.0% of ACWI) are unique to ACWI, led by TSMWF, JPM and LLY. In the other direction, 2 positions (0.8% of QQQ) are unique to QQQ.